Banking Quiz 18

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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.  In context with the “Aam Admi Bima Yojana” consider the following statements:
1. The scheme has been launched for landless households of rural as well as urban areas of the country
2. The insured person has to pay a nominal premium to avail benefits under this scheme
3. The “Premium Fund” of this scheme is managed by LIC of India
4. The scheme is not available to senior citizens
Which among the above is/ are correct statements?
[A]Only 1, 2 & 3
[B]Only 3 & 4
[C]Only 2, 3, & 4
[D]1, 2, 3 & 4




2.  What is the name of the department of RBI, which is an independent unit for supervision of commercial banks and also provides assistance to the board of financial supervision?

(a) Department of finance
(b) Department of banking supervision
(c) Monetary policy department
(d) Premises department
(e) None of these




3.  In which year, the Forward Contracts (Regulation) Act was enacted in India?

[A]1950
[B]1952
[C]1962
[D] 1975




4.  What was the main focus of the MC Bhandari committee appointed by the RBI?

(a) Restructuring of SIDBI
(b) Restructuring of RRBs
(c) Restructuring of IDBI
(d) Restructuring of SFCs
(e) None of these




5.  Which among the following is the regulator of the commodity market in India?

[A]NCDEX
[B]SEBI
[C]Forward Market Commission
[D] MCX




6. ‘Unilateral transfers such as donations by Government of India come under which part of Balance of Payment (BOP)?

(a) Current account
(b) Capital account
(c) Financial account
(d) Current and capital account both
(e) None of these




7.  The steel plants of Durgapur, Bhilai & Rourkela were set up under which among the following five year plans?

[A]First Five Year Plan
[B]Second Five Year Plan
[C]Third Five Year Plan
[D]Fourth Five Year Plan




8.  Gilt-edged securities market is the market for government and semi-government securities. These securities carry –

(a) Floating interest rate
(b) Fixed interest rate
(c) Fixed as well as floating interest rate
(d) No interest rate at all
(e) None of these




9. RRBs are

(a) Essentially commercial banks but their area of operation is generally limited to a particular state.
(b) Essentially non-commercial banks but their area of operation is generally limited to a district only.
(c) Essentially commercial banks but their area of operation is generally limited to a particular district only.
(d) Essentially non-commercial banks but their area of operation is generally limited to a particular state only.
(e) None of these




10. The ombudsman is empowered to resolve the customer grievances, if the amount in dispute does not exceed ______lakhs.

(a) 01
(b) 10
(c) 25
(d) 50
(e) None of these



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