Banking Quiz 8

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.  Gift tax is a type of

        (a) Indirect tax
        (b) Direct tax
        (c) Excise tax
        (d) Service tax
        (e) None of these

2. While promoting India as an investment destination, recently India’s Finance Minister said that the “financial protectionism” by the industrial countries is an issue of concerns. Which among the following best defines the Financial Protectionism?

[A]Imposing Tariffs and other barriers to trade
[B]Providing direct and indirect subsidies to farmers
[C]Imposing barriers to inward or outward capital flows
[D]Manipulating the foreign exchange rates

3.  Expand ETF

(a) Equity Traded Fund
(b) Equity Transfer Fund
(c) Exchange Traded Fund
(d) Equity Transaction Fund
 (e) None of these

4. DFHI (Discount and Finance House of India) was set up in

(a) 1985
(b) 2009
(c) 1977
(d) 1988
(e) None of these

5. Which among the following schemes of the Government was launched with an objective of a slum free India?

[A]Indira Awas Yojana
[B]Rajiv Awas Yojana
[C]Ambedkar Awas Yojana
[D]Gruhalaxmi Scheme

6. An ATM can _______

(a) Not be owned by a non-bank entity
(b) Not be fitted onboard an airliner
(c) Not dispense Rs. 50 notes
(d) All of the above can be done
(e) Only option (b)& (c) is correct

7. Under FEMA 1999, a person can be
 (a) An individual
 (b) A HUF
 (c) A company
 (d) A firm
 (e) All of the above

8. RBI may appoint _____ as its sole agent at all places in where it doesn’t have an office of its own.

        (a) IDBI
        (b) NABARD
        (c) Exim Bank
        (d) SBI
        (e) None of these

9. The difference between the outflow and inflow of foreign currency is known as ___:

[A]Foreign Exchange Reserves
[B]Current Account Deficit
[C]Fiscal Deficit
[D]Balance of Payments

10. Which among the following regulate the commodity markets in India?
1. RBI
3. Forward Market Commission
Choose the correct option from the codes given below:

[A]Only 1 & 2
[B]Only 2 & 3
[C]Only 1 & 3
[D]Only 3

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