Banking Quiz 17

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Today Bankers Adda came back with a New Quiz on Banking.
Go through the quiz and if you have any doubts please contact bankers adda in the comment section.

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1.  When did Government of India enact Securitization and Reconstruction of financial assets and enforcement of security interest Act (SARFAESI)?

(a) 2000
(b) 1998
(c) 2001
(d) 2002
(e) None of these

2.  Kaushal Vikas Yojna is a scheme of which ministry?

[A]Ministry of Human Resource Development
[B]Ministry of Labour and Employment
[C]Ministry of Panchayati Raj
[D]Ministry of Social Justice and Empowerment

3.  When did the first wave of nationalization of commercial banks take place?

(a) Aug, 1969
(b) July, 1969
(c) Sep, 1969
(d) Jun, 1969
(e) None of these

4.  Which committee suggested Reserve Bank of India (RBI) to keep Cash Reserve Ratio (CRR) between 03 to 05% instead of 15% and rely more on Open Market Operations (OMO) rather than CRR?

(a) Narasimham committee (1998)
(b) Narasimham committee (1991)
(c) BC Khanduri committee
(d) MC Bhandari committee
(e) None of these

5. The Narasimham committee on banking sector reforms has been appointed for two times in our classical banking history. The first one was in 1991 and when was the second time?

(a) 1997
(b) 2000
(c) 1998
(e) None of these

6. Which company acquired 26 per cent stake in ONGC’s Krishna Godavari basin deep-sea block?

[B]Inpex Corporation

7.  Under RBI act, 1934, banks were classified as scheduled banks and non-scheduled banks. Scheduled banks are those which are entered in the ____schedule of the RBI act.

(a) First
(b) Third
(c) Second
(d) Seventh
(e) None of these

8. Too much import of Gold by India adversely affects:
1. Trade Balance
2. Current Account Balance
3. Capital Account Balance
Choose the correct option from the codes given below:

[A]1 & 2
[B]2 & 3
[C]1, 2 & 3
[D]1 & 3

9. What is the share of ATMs operated by SBI and its five subsidiaries in the total ATMs in India?

[A]44 per cent
[B]49 per cent
[C]54 per cent
[D]59 per cent

10. On which among the following dates FERA was replaced by FEMA?

[A]June 1, 2000
[B]June 11, 2000
[C]April 1, 2001
[D]April 1, 2002

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