Banking Quiz 26

Bankers Adda is also known as 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.  If the price rises by not more than 3% per annum, what type of inflation it is?

(a) Walking inflation
(b) Running inflation
(c) Creeping inflation
(d) Galloping inflation
(e) None of these

2.  Expand CRAR in terms of banking sector.

(a) Capital- to- Return Asset Ratio
(b) Capital –to-Risk Asset Ratio
(c) Capital –to-Risk Asset Range
(d) Core Risk Asset Return
(e) None of these

3.  If a foreign bank defaults to meet priority lending targets then, the shortfall amount will be credited to _______ for one year.

(a) RIDF (Rural Infrastructure Development Fund)
(c) Consolidated Fund of India
(d) Contingency Fund of India
(e) None of these

4.   Recently, during one address by the Governor of RBI used a term “the new normal”. What can be the meaning of this term?

(a) The economy of a newly built nation
(b) The economic malaise after the great economic meltdown depicting high unemployment and ultra-low interest rates due to excessive stimulus package
(c) Normalized condition of worldwide relationships among countries
(d) Economy of BRICS countries
(e) None of these

5.  What is National Financial Switch?

(a) Interconnection of bank’s ATMs
(b) A common personal loan form applicable to all public sector banks in India
(c) Payment gateway at Points-of-sale terminal
(d) Authority to issue credit card in India
(e) None of these

6.  If the price rises by more than 20% and less than 1000% per annum, what type of inflation it is?

(a) Galloping inflation
(b) Creeping inflation
(c) Stagflation
(d) Hyperinflation
(e) None of these

7.  When was National Payment Corporation of India (NPCI) incorporated?

(a) Dec, 2011
(b) Dec, 2010
(c) Dec, 2009
(d) Dec, 2008
(e) None of these

8.  As per the new directive of Government of India, GAAR will become effective from _______.

(a) 2015-16
(b) 2014-15
(c) 1016-17
(d) 2017-18
(e) None of these

9. Expand IMPS in terms of banking.

(a) International mobile payment system
(b) Interbank mobile payment system
(c) Interbank mobile payment services
(d) Intergovernmental mobile payment services
(e) None of these

10.  To monitor the procedures and processes of agricultural loans, RBI has told banks to set up a FLCC. Expand it.

(a) Friendly literacy and credit counseling centre
(b) Financial literacy and credit counseling centre
(c) Fastrack loans and credit counseling centre
(d) Fastrack loans and concessional credit centre
(e) None of these

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