Economics MONEY BANKING AND FINANCIAL INSTITUTIONS Test 10 Welcome to your Economics MONEY BANKING AND FINANCIAL INSTITUTIONS Test 10 Name Email 1. Who among the following was NOT a Governor of the Reserve Bank of India ? (a) Manmohan Singh (b) Sunil Arora (c) Urjit Patel (d) Raghuram Rajan None 2.RBI does not transfer olact the business of which of the following State governments? (a) Bihar (b) Jammu and Kashmir (c) Telangana (d) Meghalaya None 3. In context of Banking system in India what is the fullform of RTGS? (a) Real Time Gross Settlement (b) Random Time Gross Settlement (c) Real Time Gain Settlement (d) Reel Time Gain Settlement None 4.With reference to Banking System of India, what does NEFT stand for ? (a) National Equity Finance transactions (b) National Equity Funds transactions (c) National Electronic Finance Transfer (d) National Electronic Fund Transfer None 5.In the context of the banking system in India, what does IFSC stand for ? (a) Indian Financial Structural Code (b) Indian Functional System Calculation (c) Indian Financial System Code (d) Indian Financial Social Code None 6.The rate of interest on which commercial banks borrow money from RBI to meet their short term credit needs is known as: (a) Sub- Prime Lending Rate (b) Statutory Lending Rate (c) Prime Lending Rate (d) Bank Rate None 7.The responsibility of regulating and supervising primary (urban) cooperative banks, which are popularly known as Urban Cooperative Banks(UCBs) is vested with which one of the following ? (a) The Department of Non-Banking (b) The Urban Banks Department of the Reserve Bank of India (c) State Co-operative Banks (d) The Department of Corporate Services of the Reserve Bank of India. None 8.Which one of the following is defined as “The proportion of highly liquid assets held by financial institutions, to ensure their ongoing ability to meet short-term obligations? (a) Liquidity Coverage Ratio (b) Base Rate (c) Statutory Liquidity Ratio (d) Cash Reserve Ratio None 9.Which one of the following is a monetary principle stating that “Bad money drives out good” ? (a) Pareto Efficiency (b) The multiplier effect (c) Marshall’s scissors analysis (d) Gresham's Law None 10.Which committee was appointed to give a detailed report on the Non Performing Assets of the Public Sector Banks ? (a) Malegam Committee (b) Srikrishna Committee (c) Pannir Selvam Committee (d) Mandal committee None 11. In which year was the State Financial Corporation Act passed ? The Act provides for the establishment of state financial corporations. (a) 1972 (b) 1983 (c) 1951 (d) 1947 None 12.Which of the following banks was authorised to issue Electoral Bonds ? (a) State Bank of India (b) HDFC Bank (c) ICICI Bank (d) Corporation Bank None 13.Which of the following terms refer to the running down or payment of a loan in installments? (a) Discounted Cash Flow (b) Credit Creation (c) All (d) Amortisation None 14.In the context of the banking sector of India, what is the full form of IMPS ? (a) Instant Payment Service (b) Instant Payment Sector (c) Immediate Payment Sector (d) Immediate Payment Service None 15. Cash Reserve Ratio (CRR) is calculated as a percentage of each bank’s ___. (a) rate of inflation (b) net demand and time liabilities (c) credit growth (d) savings of customers None 16.The Interest Rate charged by banks on short term to their largest, most secure, and most creditworthy customers is called _______ (a) Prime Lending Rate (b) Amortised Rate (c) Discount Rate (d) Variable Rate None 17.The Banking Regulation Act was passed in India in _________. (a) 1949 (b) 1974 (c) 1965 (d) 1951 None 18.Which of the following is NOT a nationalized bank? (a) South Indian Bank (b) Syndicate Bank (c) Canara Bank (d) Vijaya Bank None 19.The currency printing press of India is NOT located in___. (a) Dewas (b) Kochi (c) Mysore (d)Salboni None 20. Which of the following banks is NOT a public sector bank? (a) Jammu and Kashmir Bank Ltd (b) Canara Bank (c) State Bank of India (d) IndusInd Bank None 21.Which of the following statements is NOT true about the Export-Import Bank of India (EXIM BANK)? (a) Its main objective is to provide financial assistance to promote Indian exports (b) It is a premier export finance institution of India. (c) The Bank provides assistance in helping Indian firms in their globalization efforts (d) It was established in 2014 under the Export - Import Bank of India Act None Time's up
