Banking Quiz 9

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. One of the headlines in the news papers recently read: "Rupee tumbled 10 paise at one-week low of 54.62". Which among the following can tumble the Rupee  down?
     1.Sustained dollar demand from importers
     2.Capital outflows
     3.Rupee showing bearish trend in currency market

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

2. Which among the following banks has launched the ‘Tatkal’, scheme that enables the people to transfer money to their families in their native towns and villages without actually opening an account?

[A]State Bank of India
[B]Bank of India
[C]Canara Bank
[D]Union Bank of India

3. Who among the following is the only finance minister of India to present the Union budget on his birthday?

[A]Manmohan Singh
[B]Morarji Desai
[C]Yahshant Sinha
[D]Jaswant Singh

4. Recently, India and Malta have renegotiated and signed the revised Double Taxation Avoidance Agreement (DTAA) to align with global norms and changes in domestic laws.Malta is one of the most developed countries in world with its capital at __:

[C]Città Victoria

5. As of now, India has independent regulators to control the __:

1.Commodity Exchanges
2.Insurance Market
3.Stock Markets
4.Coal Sector
5.Road Sector
Choose the correct option from the codes given below:
[A]Only 1 & 2
[B]Only 1, 2 & 3
[C]Only 1, 2, 3 & 4
[D]1, 2, 3, 4 & 5

6.  Who introduced ‘Rupiya’ in our country?

(a) Iltutmish
(b) Ashoka
(c) Akbar
(d) Sher shah suri
(e) None of these

7. Which among the following is the largest shareholder in “Infradebt “, India’s first Infrastructure Debt Fund (IDF) under the non-banking financial company?

[B]Bank of Baroda

8. Under which section of the RBI act, the RBI has the sole right of note issue?

(a) 22
(b) 23
(c) 26
(d) 75
(e) None of these

9. When was RBI introduced a new system of exchange rates known as Liberalized Exchange Rate Management System (LERMS)?

(a) 02 Apr 1991
(b) 01 Mar 1992
(c) 01 Apr 1992
(d) 02 Apr 1992
(e) None of these

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