Banking Quiz 2

Bankers Adda is also known Banking Quiz Adda.
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.Approximately, how many Foreign Institutional Investors are registered in India as of April 2013?


2.As of April 2013, which among the following carriers has the largest market share in Domestic air passenger traffic ?

[C]Air India
[D]Jet Airways

3.A scheduled bank must be

(a) A corporative or company incorporated by any law in force in any place in India
(b) An institution notified by GOI
(c) A company as defined by companies act, 2013
(d) All of the above
(e) None of these

4.Which among the following panels have recently recommended the pricing of natural gas by a complex methodology of arriving at an average of international gas hub prices?

[A]B K Chaturvedi Panel
[B]C Rangrajan Panel
[C]Raghuram Rajan
[D]Parliamentary Panel headed by Yashwant Sinha

5.To make recommendations on the devolution of taxes, the 14th Finance Commission has been directed to use the Census figures of __:


6.The Shome committee which was appointed to look into the guidelines of General Anti Avoidance Rules (GAAR) has recommended retrospective application of tax law only in rarest of rare cases. Which of the following recommendation/s is/are made by this panel?
1.To correct anomalies in the statues of Tax laws,
2.To protect the tax base from abusive tax planning schemes with a purpose to avoid tax
3.To correct technical/procedural defects that impairs a substantive law
Choose the correct option from the codes given below:

[A]1 only
[B]2 only
[C]3 only
[D]1, 2 and 3

7.Approximately, what fraction of India’s total exports is contributed by the Micro, Small and Medium Enterprises (MSME) sector ?


8.Recently the Cabinet Committee on Economic Affairs (CCEA) has deferred its decision on Accelerated Irrigation Benefit Programme (AIBP) for the 12th five year plan (FYP), because of which of the following reasons?

[A]Because of non-approval by Planning commission
[B]Reports suggesting underutilisation of full potential of irrigation projects created under 10th FYP
[C]To readdress changing nature of irrigation requirements
[D]All of the above

9.In India, the Chit funds are governed / Regulated by ___?

[B]Central Government
[C]State Governments
[D]Local Bodies

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