Banking Quiz 3

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.Which of the following best defines a floating-rate bond?

[A]A bond with a fixed interest rate and has better yield than varying interest rate bond
[B]A bond with a fixed interest rate and has lower yield than varying interest rate bond
[C]A bond with a varying interest rate and has better yield than fixed interest rate bond
[D]A bond with a varying interest rate and has lower yield than fixed interest rate bond

2.Which of the following is related to microfinance?

(a) Bimal Jalan committee
(b) S Sen committee
(c) Narsimhan Committee
(d) Malegam committee
(e) All of above

3.Which one of the following was the purpose of appointment of Rangachary committee?
[A]Taxation of software Development Centres & IT Sector
[B]Taxation of Biotechnology and Pharmacy sector
[C]Taxation of MSME sector
[D]None of the above

4. RRBs are refinanced at

(a) 1% below bank rate
(b) 2% below bank rate
(c) 3% below bank rate
(d) 4% below bank rate
(e) None of these

5.RRBs are managed by

(a) Board of directors
(b) Sponsor bank
(c) RBI
(d) Central government
(e) (b) & (d) both

6.A recent news in a business newspapers read: “Indirect tax collections grew by 6.2% in the April-December period of this fiscal“. Which among the following is / are indirect taxes?

1. Excise
2. Custom
3. Service Tax
4. Property Tax
Choose the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 1, 2 & 3
[C]Only 3 & 4
[D]1, 2, 3 & 4

7.RRBs are owned by

(a) State governments
(b) Central government
(c) Sponsor bank
(d) All of the above
(e) None of these

8.A Non-Performing Asset of a non-agricultural loan book shall be a loan or advance where___:

[A]Interest and/or instalment of principal remain overdue for 90 days in respect of term loan
[B]The debtor is declared insolvent
[C]Payment of interest/instalment of principal has been irregular
[D]All of the above

9.Though ULIPs (Unit Linked Insurance Plan) are considered to be a better investment vehicle it has failed to capture the imagination of the retail investors in India because of which of the following reasons?

[A]Regulatory jurisdictional fight between SEBI and IRDA
[B]They don’t offer better tax benefits
[C]They offer lesser returns compared to traditional insurance policies
[D]All of the above

10.Who is the sole authority for issue of currency in India?

(a) GOI
(b) RBI
(c) (a) & (b) together
(d) RBI & SBI
(e) None of these

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