Quiz 529: Bank PO Examinations

1. RBI, in its annual policy for 2011-12, has estimated the wholesale price inflation at about which among the following fractions by March 2012?
(A)5%
(B)6%
(C)8%
(D)9%


2. In which year, Corporate Debt Restructuring (CDR) scheme was launched in India with an objective of ensuring timely and transparent mechanism for restructuring the corporate debts of viable entities facing problems?
(A)2001
(B)2002
(C)2003
(D)2004


3. Who among the following in India can borrow using the facility of “cash management bills”?
(A)Government
(B)RBI
(C)Commercial Banks
(D)Corporate


4. Recently, a discussion on the deregulation of interest rates on savings deposits is going on in the newspapers. In India, which among the following decides the savings bank rate?
(A)Central Government
(B)State Governments
(C)Reserve Bank of India
(D)Commercial Banks


5. Which among the following committee advises RBI on Monetary policy?
(A)Monetary Policy Committee (MPC)
(B)Federal Open Market Committee (FOC)
(C)Technical Advisory Committee (TAC)
(D)Financial Stability and Development Council (FSDC)


6. The Reserve Bank of India (RBI) recently raised the interest rate on savings bank deposits and the repo rate by 50 basis points (bps). In this context, consider the following:
1. CASA Ratio
2. Net Interest Margin
Which among the above of the commercial banks would be affected by the above step taken by the Reserve Bank of India?
(A)Only 1
(B)Only 2
(C)Both 1 & 2
(D)Neither 1 nor 2


7. Which among the following authority appoints a Deputy Governor in Reserve Bank of India?
(A)Governor of RBI
(B)Central Board of Directors
(C)Central Government
(D)Committee of the Central Board


8. Recently, the Reserve Bank of India has excluded the loans given to which among the following sectors from the priority sector list? (May 2011)
(A)Self Help Groups
(B)Non Banking Finance Companies
(C)Software Industries
(D)Small Scale Industries


9. Murugappa Gold Cup is related to which among the following sports?
(A)Football
(B)Hockey
(C)Badminton
(D)Table Tennis


10. Who was the President of Indian National Congress at the time of Independence?
(A)Dr. Rajendra Prasad
(B)J B Kriplani
(C)Dr. Bhimrao Amedkar
(D)Jawahar Lal Nehru


11. In which year Agricultural and Processed Food Products Export Development Authority (APEDA) was established by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act ?
(A)1972
(B)1986
(C)1987
(D)1990


12. As we know that India has adopted policy of convergence with IFRSs keeping in view the requirements of change and transition necessary to be followed by Indian companies and regulatory bodies. In this context, consider the following:
1. Insurance companies
2. Banking companies
3. Non-banking finance companies
Which among the following is the correct order in which they have been mandated to start following the converged Indian Accounting Standards?
(A)1 2 3
(B)3 1 2
(C)2 3 1
(D)1 3 2


13. Consider the following acts:
1. Reserve Bank of India Act, 1934
2. The Insurance Act, 1938
3. Securities Contracts (Regulation) Act, 1956
4. Securities and Exchange Board of India Act, 1992
Which among the above acts were amended recently to establish an apex Financial Stability and Development Council (FSDC) headed by the Finance Minister for the purpose of institutionalizing the mechanism for maintaining financial stability and resolving inter-regulatory disputes?
(A)Only 1 & 2
(B)Only 1 2 & 3
(C)Only 2 , 3 & 4
(D)All 1 to 4


14. Consider the following statements in context with the Capital to Risk Assets Ratio (CRAR) Phase-I implemented by RBI in India:
1. CRAR Phase-I was implemented by RBI during 1992-93
2. It takes into account the risk on account of Balance Sheets assets, non-funded items.
3. All aspects of management of a banking organization were incorporated in it
Which among the above statements is/ are correct?
(A)Only 1 is correct
(B)Only 1 & 2 are correct
(C)Only 2 & 3 are correct
(D)All are correct


15. Consider the following statements:
1. Educational Loan Scheme evolved by Reserve Bank of India if only for students in Private Professional Colleges.
2. Over The Counter Exchange of India (OTCEI) is non-corporate body
3. The Securities Trading Corporation of India (STCI) was promoted by SEBI jointly with the Public Sector Banks
Which among the above statements is / are correct ?
(A)Only 1 is correct
(B)Only 1 & 2 are correct
(C)Only 1 & 3 are correct
(D)Only 2 & 3 are correct