Banking Quiz 33

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.  Expand FRBM.

(a) Financial Responsibility and Budget Management
(b) Fiscal Responsibility and Budget Maintenance
(c) Fiscal Responsibility and Budget Management
(d) Fiscal Risk and Budget Management
(e) None of these

2.  Expand MAT related to tax?

(a) Minimum Additional Tax
(b) Maximum Alternative Tax
(c) Maximum Additional Tax
(d) Minimum Alternative Tax
(e) None of these

3.  Which deficit is budgetary deficit plus market borrowings and other liabilities of the GOI?

(a) Financial Deficit
(b) Current Account Deficit
(c) Fiscal Deficit
(d) Capital Account Deficit
(e) None of these

4.  For which purpose Tarapore Committee was formed?

(a) To look into Current Account Convertibility
(b) To look into Financial Account Convertibility
(c) To look into Capital Account Convertibility
(d) To look into both Current and Capital Account Convertibility
(e) None of these

5.  Which item group has the greatest contributor in All India CPI?

(a) Fuel and light
(b) Housing
(c) Clothing, bedding and footwear
(d) Food, beverages and tobacco
(e) None of the above

6.  Deficit financing can (these are also demerits of it)

(a) Cause inflation
(b) Bring rise in fiscal deficit
(c) Bring rise in credit creation in banks
(d) All above
(e) None of the above

7.  If the RBI wants to infuse credit in Banking system in our country, which of the followings can be done?

(a) Decreasing CRR
(b) Decreasing SLR
(c) Both (a) and (b)
(d) None of the above

8.  Which agency in India provides refinance of export credit?

(c) RBI
(d) EXIM Bank
(e) Government of India

9.  Buying and selling of eligible securities by RBI in the money market can be termed as

(a) Open Economy Operations
(b) Open Market Operations
(c) Credit Control Measures
(d) Credit Creation Measures
(e) None of these

10.  Which agency took over the outstanding portfolio of IDBI related to small scale sector?

(c) RBI
(d) RIDF
(e) None of these

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