Banking Awareness bits part-2

  1. Which among the following is responsible for ensuring that housing financecompanies in India are operated on sound health and financial standard?
    1)National Bank for Agriculture and Rural Development
    2)SIDBI
    3)Reserve Bank of India
    4)IDBI Bank
    5)National Housing Bank

  2. In case of increase in inflation, the purchasing power _________
    1)Increases
    2)Increases to a certain limit and then decreases
    3)Decreases
    4)Does not get affected
    5)Other than those given in options

  3. On what basis, the Index of Industrial Production is published by theCentral Statistical Organization?
    1)Monthly Basis
    2)Yearly Basis
    3)Quarterly Basis
    4)Half yearly Basis
    5)Weekly Basis

  4. Under the DRI Scheme, the maximum amount can be provided by banks ata concessional rate to the weaker sections is ________.
    1)₹ 12000
    2)₹ 20000
    3)₹ 10000
    4)₹ 18000
    5)₹ 15000

  5. OLTAS stands for which among the following?
    1)Online Tax Accounting Server
    2)Online Tax Accounting System
    3)Online Tax Accounting Service
    4)Online Tax Access Service
    5)Other than those given in options

  6. What are the maturity period and the fixed interest rate of SovereignGold Bond Scheme?
    1)3 years and 1.5%
    2)5 years and 4.5%
    3)8 years and 2%
    4)8 years and 2.5%
    5)5 years and 1.5%

  7. QFI scheme was introduced by the government in consultation with RBIand SEBI. In QFI, ‘I’ represents ________
    1)Interest
    2)Investor
    3)Investment
    4)Index
    5)Information

  8. Which among the following is authorized by RBI to store rupee notesand coins?
    1)Currency Bag
    2)Currency Block
    3)Currency Chest
    4)Currency Reserve
    5)None of these

  9. The Ombudsman Scheme for Non-Banking Financial Companies hasintroduced under which section of the Reserve Bank of India Act, 1934?
    1)Section 46A
    2)Section 45L
    3)Section 45A
    4)Section 58C
    5)Section 58G

  10. The maximum amount of money that can be insured in case of a personholding money at different branches of a bank is –
    1)Rs 25000
    2)Rs 50000
    3)Rs 1 lakh
    4)Rs 2 lakhs
    5)Other than those given in options

Correct Answers:

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