Banking & Financial Awareness Quiz


1. Which of the following pairs are correctly matched?
(A) Low import growth rate in India – Recession in Indian industry  
(B) Euro-issues – Shares held by Indian companies in European countries
(C) Portfolio investment – Foreign institutional investors
(D) Teaser rates – Home loans
Choose the correct answer:
  1. Only (B) and (D)            
  2. Only (A), (C) and (D)
  3. Only (C) and (D)            
  4. Only (A), (B) and (C)
  5. All (A), (B), (C) and (D)

2. Corporation tax
  • 1) is levied and appropriated by the states
  • 2) is levied by the Union and collected and appropriated by the states
  • 3) is levied by the Union and shared by the Union and the states
  • 4) is levied by the Union and exclusively belongs to it
  • 5) None of these 

3. Which of the following does not fall among the functions of the Reserve Bank of India (RBI)?
  • 1) Regulation of currency
  • 2) Control of credit
  • 3) Banker to the Government, banker’s bank and lender of the last resort
  • 4) Accepting deposits and granting loans and advances to public
  • 5) None of these

4. Consider the following:
(A) Industrial Finance Corporation of India
(B) Industrial Credit and Investment Corporation of India
(C) Industrial Development Bank of India
(D) Unit Trust of India
The correct sequence in which the above were established is
  • 1) (A), (B), (C) and (D)       
  • 2) (A), (C), (B) and (D)
  • 3) (D), (C), (B) and (A)       
  • 4) (A), (D), (C) and (B)
  • 5) (B), (C), (D) and (A)       

5. For the performance of its duties as the regulator of credit, the Reserve Bank of India (RBI) possesses the usual instruments of general credit control, viz
  • 1) Bank rate
  • 2) Open market operations
  • 3) The power to vary the reserve requirements of banks
  • 4) All the above
  • 5) None of these

6. In India, rural incomes are generally lower than urban incomes. Which of the following reasons account(s) for this?
(A) A large number of farmers are illiterate and know little about scientific agriculture.
(B) Prices of primary products are lower than that of manufactured products.
(C) Investment in agriculture has been low as compared to investment in industry.
Select the correct answer:
  • 1) Only (C)                           
  • 2) Only (A) and (C)
  • 3) Only (A) and (B)            
  • 4) Only (B) and (C)
  • 5) All (A), (B) and (C)        

7. Which of the following forms the part of general insurance business?
  • 1) Fire insurance                
  • 2) Cattle insurance
  • 3) Crop insurance              
  • 4) Marine insurance
  • 5) All the above

8. The world over most of the supervisory authorities have adopted the following as the basis of assessment of capital adequacy?
  • 1) Risk Assets Ratio System
  • 2) Return or Capital System
  • 3) Average Yield on Assets System
  • 4) Net Profit
  • 5) None of these

9. Which of the following were the aims behind setting up of the World Trade Organisation (WTO)?
(A) Promotion of free trade and resources flow across countries
(B) Protection of intellectual property rights
(C) Managing balanced trade between different countries
(D) Promotion of trade between the former East Bloc countries and the western world
Select the correct answer:
  • 1) Only (A) and (B)            
  • 2) Only (C) and (D)
  • 3) Only (A), (B) and (C)     
  • 4) Only (A) and (D)
  • 5) All (A), (B), (C) and (D)

10. In India, inflation is measured by
  • 1) Wholesale Price Index
  • 2) Consumers Price Index for urban non-manual workers
  • 3) Consumers Price Index for agricultural workers
  • 4) National Income Deflation
  • 5) Per Capita Income


Answers 


  1. 3
  2. 2
  3. 4
  4. 1
  5. 4
  6. 2
  7. 5
  8. 1
  9. 5
  10. 1

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