Banking Quiz 5

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.The Chameli Devi Jain Award is given for an outstanding woman ____?


2.The minting of Rs. 10 coin is governed by ______

(a) banking regulation act, 1949
(b) coinage act, 1946
(c) coinage act, 1906
(d) RBI act, 2011
(e) None of these

3.The Cabinet Committee on Investments has been set-up to address which of the following___?
[A]To submit a report on the hurdles creating bottle-necks on the economy
[B]To boost big ticket investments and untangle red-tapism
[C]To fast track disinvestment in PSUs
[D]To attract foreign investment into India to attract foreign investment into India

4. What is the new base year of IIP?

(a) 1993-94
(b) 2012-13
(c) 2009-10
(d) 2004-05
(e) None of these

5.A bank account which does not require any minimum balance is termed as

(a) Nil balance account
(b) Zero balance account
(c) Frill account
(d) No Frill account
(e) None of these

6.Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within __?
[A]30 Days
[B]60 Days
[C]75 Days
[D]90 Days

7.KYC policy has been actually innovated by
(a) Fed Reserve of USA
(b) Basel committee
(c) RBI
(d) GOI, Ministry of Finance
(e) None of these

8.The standard rate at which the RBI buys or rediscount bills of exchange and other commercial paper eligible for purchase under RBI act, is known as _____

(a) Base rate
(b) Repo rate
(c) Bank rate
(d) Reverse repo rate
(e) None of these

9.Which of the following happened to be the first private bank in India to receive an in-principle approval from RBI?

(a) HDFC Bank
(b) ICICI Bank
(c) Yes Bank
(d) United Western Bank
(e) IndusInd Bank

10.When the credit committee corporation was created?

(a) 1975
(b) 1972
(c) 1971
(d) 1973
(e) None of these

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