Banking Awareness MCQ-89

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Which among the following is a qualitative tool of monetary policy?

[A] Credit Ceiling
[B] Credit Rationing
[C] Cash Reserve Ratio
[D] Bank Rate
[E] None of these

‘The termination of an insurance policy due to non-payment of premium’ is technically known as:

[A] Lapse
[B] Death
[C] Forfeiture
[D] Seize
[E] None of these

When was the 2nd phase of nationalization of banks done?

[A] 15th April 1980
[B] 25th June 1969
[C] 20th Aug. 1979
[D] 15th Aug. 1980
[E] None of these

Who issues ‘Commercial Papers’?

[A] A Company to a Bank
[B] Banks to Banks
[C] Banks to Companies
[D] Company to its suppliers
[E] None of these

____ is defined as a sustained increase in the general level of prices for goods and services.

[A] Deflation
[B] WPI
[C] Inflation
[D] CPI
[E] None of these

New and re-issuable currency notes are stored in maintained by the banks as agents of Reserve Bank of India

[A] Currency chests
[B] Treasuries
[C] Branches
[D] Service units
[E] Godowns

The Kisan Credit Card Scheme is being implemented by all

[A] Public Sector Commercial Banks
[B] Regional Rural Banks
[C] State Cooperative Banks/DCCBs/PACS and Scheduled Primary Cooperative Banks
[D] All of the above
[E] None of the above

What is Call Money ?

[A] Money borrowed or lent for a day or over night
[B] Money borrowed for more than one day but upto 3 days
[C] Money borrowed for more than one day but upto 7 days
[D] Money borrowed for more than one day but upto 14 days
[E] None of these

Ashwani Kumar is the MD and CEO of

[A] Syndicate Bank
[B] Canara Bank
[C] Dena Bank
[D] Indian Overseas Bank
[E] None of these

Which of the following can be called as ‘National Income’?

[A] Net National Income at factor cost
[B] Gross National Income at factor cost
[C] Net Domestic Product at factor cost
[D] Gross Domestic Product at factor cost
[E] None of these

Retail investors means which of the following types of stock market investors?

[A] Mutual funds
[B] Corporate bodies
[C] Promoters of companies
[D] Individuals
[E] FIIs

Whose signature is found on a 50 rupee currency note in India?

[A] President of India
[B] Governor, RBI
[C] Finance Minister
[D] Prime Minister of India
[E] Secretary, Ministry of Finance

A Credit Guarantee Trust Fund has been set up for guaranteeing Collateral Free Facilities by lending institutions to Small Scale Industries. This fund is being managed by which of the following institutions?

[A] IDBI
[B] NABARD
[C] SBI
[D] SIDBI
[E] RBI

_ is the rate at which commercial banks charge on their surplus funds with RBI.

[A] Repo Rate
[B] Reverse Repo Rate
[C] Interest Rate
[D] Bank Rate
[E] None of these

ICICI stands for:

[A] Indian Credit and Investment Corporation of India
[B] Investment Corporation In Credit
[C] Industrial Credit and Investment Corporation of India
[D] All of the above
[E] None of These