MCQ ON BANKING, FINANCE AND ECONOMY
- TEST - I
1. The
tenth Five-Year Plan period is :
a)
2000-05 b) 2001-06 c)
2002-07 d)
2004-2009 e) 2005-2010
2. Indian
corporates can now invest in joint ventures and subsidiaries abroad to the
extent of ______% of their net worth.
a)
200 b)
150 c)
100
d) 75
3. Minimum
period of a Certificate of Deposit is :
a) 15
days b) 30
days c) 10
days d) 7 days
4. To
accelerate growth of services exports from India and to create a unique brand,
a new scheme called ‘_____’ has been introduced in the New Foreign Trade
Policy.
a) India
Service b) India Calling
c) Incredible India d)
Served from India
5. The New
Foreign Trade Policy envisages India’s share in merchandise trade to
________ within the period 2004-09.
a)
double b)
treble
c) rise by
50%
d) rise by 80%
6. Hybrid
capital instruments (debt / equity) form part of ______ capital.
a)
Tier II b) Tier
I
c) Paid
up d)
Preference share
7. A
customer has been defined in :
a) Banking Regulation
Act b) Negotiable
Instruments Act
c) Anti-Money Laundering Act d)
KYC guidelines
8. A
Medium Enterprise is defined as one in which investment in plant and machinery
is over the SSI limit, but less than
Rs. _____.
a) 5
cr. b) 10
cr. c) 25
cr.
d) 50 cr
9. The BSE
Sensex consists of a basket of ___ stocks.
a)
50 b)
100 c)
30 d) 66
10. The
Government of India has recently announced a scheme for providing short term
loans to farmers at concessional rate of ____% p.a. up to an amount of Rs.___
lac.
a) 7,
1 b) 7,
3
c) 5,
1
d) 5, 3
11. The
provision to be made on Standard assets for the current year is :
a)
0.25%
b)
0.40%
c) 0.40% for all loans except loans to Priority
Sector
d) 0.40% on all loans, except loans to direct Agri & SME segments, for
which the provision is 0.25%
12. Clause
49 of the Listing Agreement of SEBI refers to :
a) announcing
of quarterly results of listed companies
b) restriction
of FDI in public sector banks
c) corporate
governance and financial penalties including delisting for companies who do not
appoint the required number of independent directors on their board
d) None
of these
13. Which
bank in India ranks number one in India in terms of market capitalization?
a)
SBI
b) ICICI Bank
c) UTI Bank d) IDBI
Bank
14. Which
is the first mutual fund in the country to offer redemption of its units
through ATMs of HDFC Bank and VISA ?
a) Reliance
MF b) UTI
MF c)
SBI MF d) PruICICI MF
15. The
stake of SBI in its joint venture with TCS, C-Edge, is :
a)
51% b)
40%
c) 60%
d) 49%
16. A
Bank’s aggregate capital market exposure has been capped at ___% of its net
worth.
a)
5
b)
10
c) 40
d) 25
17. Financial
Intelligence Unit is set up by ___________ for tightening anti-money laundering
measures.
a) RBI
b) Central Vigilance
Commission c)
Income Tax Department d)
Finance Ministry, GOI
18. Credit
limits to dealers in agricultural machinery up to Rs.___ lacs are classified as
priority sector advances.
a)
25 b)
30
c) 40
d) 20
19. The
minimum maturity period for Commercial Paper (CP) is _____ days.
a)
14
b)
30
c) 45
d) 7
20. The
first SEZ promoted by a corporate is :
a) Reliance
SEZ, Haryana
b) SEEPZ, Mumbai
c) Mahindra
SEZ, Pune d) None of the above
21. Value
added tax (VAT) is a type of tax levied on value added by any economic
activity, and covers :
a) commodities
at the manufacturing level
b) commodities
at the manufacturing, wholesaling, and retailing
level
c) commodities
at the manufacturing and wholesaling level
d) commodities
and services at the manufacturing, wholesaling, and retailing levels
22. The
Sarbanes Oxley Act of USA concerns :
a) aims
at improving investor confidence in American corporates
b) improving
quality of corporate disclosures and reporting, and increasing the
responsibility of officers and directors of companies in these disclosures
c) strengthen
the independence of accounting firms
d) all
the above
23. The
Information Technology Act, 2000 is concerned with :
a) legal
recognition of digital signatures
b) definition
of various types of computer crimes and penalties for the same
c) appointment
of certifying authorities for issuing digital signatures
d) recognition
of digital records and their admissibility as evidence in courts
e) all
of the above
24. As per
RBI benchmark for allocation of bank credit, women beneficiaries should receive
at least ____% of net bank credit.
a)
5
b)
10
c)
15
d) 1
25. Export
credit should be a minimum of ___% of net bank credit for scheduled commercial
banks.
a)
12
b)
15
c) 10
d) 3
26. Loans
to software industry up to a limit of Rs._______ are classified as priority
sector advances.
a) 50
lacs b) 100 lacs c) 1000
lacs d) 500 lacs
27. The
Demutualisation Ordinance amending the Securities Contracts (Regulation) Act,
1956 deals with :
a) operations
of foreign mutual funds in India
b) rules
and regulations for issue of different securities in the capital market
c) compulsory
corporatisation of stock exchanges to bring about transparency and efficiency
in their operations
d) process
of converting paper based securities into electronic form
28. The WTO
Agreements cover global trade in :
a) goods b)
services c) intellectual
property d) investments in other
countries e) all of
these f) a, b & c
29. Which
committee had recommended the amalgamation of RRBs promoted by sponsor banks?
a)
Mitra b) Narasimhan
c) Rakesh Mohan d) Malhotra
30. India has entered into
Comprehensive Economic Co-operation Agreeement with which of the
following countries recently:
a)
Singapore b)
USA c)
Australia d) None of these
31. Bharat
Nirman is a four-year business plan embarked by the Government of
India for providing rural infrastructure in the areas of :
a) irrigation & water supply b)
electrification c) housing d)
telecommunication & connectivity e) all the above
32. NIXI
stands for :
a) National
& International Exchange of India
b) National
Internet Exchange of India
c) Notional
Inter Exchange interest
d) None
of the above
33. South
Asian Free Trade Area (SAFTA) covers _____________ countries.
a) the
seven countries who are members of SAARC
b) all
countries in South East Asia
c) All
countries in South and South-East Asia, and Australia and New Zealand
d) Pakistan,
Bangladesh, Bhutan, Sri Lanka, Nepal and Maldives
34. MCA21
is :
a) e-governance
project of the Ministry of Company Affairs
b) will
enable companies to file their returns online with the Registrar of Companies
c) launched
as a pilot in Coimbatore, with plans to extend to Delhi shortly
d) all
the above
35. The
name of Microsoft Corporation India’s IT initiative for setting up IT kiosks in
rural areas is named :
a)
Aadhar b) Saksham
c) Swadhan d) Shakthi
36. The new
chairman of the US Federal Reserve is :
a) Alan
Greenspan b) Gordon Brounes c)
Ben Bernanke d) George Bush
37. Which
credit card company has tied up the Railways to issue a credit cum loyalty
card?
a) ICICI
Cards b) SBI Cards c) ABN Amro
Cards d) Citibank
38. Financial
Network Services, the Australian banking software firm, has recently been
acquired by :
)
Wipro b)
TCS c)
Infosys d) HCL
39. SBI has
applied to open branches in Pakistan, as per the recent agreement between India
and Pakistan, at :
a) Lahore and
Karachi
b) Islamabad and Karachi
c) Rawalpindi and
Sindh
d) Lahore and Islamabad
40. The
risk weightage on banks’ exposure to capital market exposures is :
a)
100 % b)
125% c)
150%
d) 200%
41. Export
Oriented Units can retain _____% of their export earnings in foreign currency.
a)
50 b)
100 c)
80 d)
66.67
42. Foreign
investment in private banks, (in aggregate including FDI, FII, NRI, etc.) in
India is permitted up to ____%
a)
99 b)
74 c)
49 d)
24
43. The
minimum shareholding of RBI in SBI should be ___% as per SBI Act.
a)
50 b)
59 c)
51
d) 55
44. RBI
pays interest on CRR balances of banks at _____.
a)
Bank Rate b) Repo
Rate c) Bank
Rate minus 2% d) Zero %
45. The
three pillars of the Basel II framework are :
a)
Minimum capital
requirements
b) Asset – Liability Management
c)
Market discipline
d) Supervisory review e) all the above
f) a, c &d
46. The
Code of Bank’s Commitment has been issued by :
a)
RBI b)
SBI
c) IBA
d) BCSBI
47. For
declaring dividend, banks should have a CRAR of at least ____% for the
preceding 2 years, and net NPA of less than _____%.
a)
11, 3 b) 9,
7 c)
10, 5
d) 9, 5
48. After
________, foreign banks operating in India will be freed of RBI imposed
restrictions on their operations and treated on par with Indian banks.
a)
April, 2008
b) April, 2009 c)
April, 2010
d) April, 2015
49. Under
Section 19(1) of the Banking Regulation Act, 1949, para- banking activities
refer to :
a)
leasing b) hire purchase
finance c) factoring
d) credit card operations e) all the
above f) only a, b & c
50. The
percentage of profit that a bank is required to transfer to its reserve fund as
per Banking Regulation Act is ______%.
a)
25 b)
20 c)
30 d) 50
Mcq On Banking, Finance And Economy -
TEST - I
ANSWERS:
|
1
|
C
|
2
|
A
|
3
|
D
|
4
|
D
|
5
|
A
|
6
|
B
|
7
|
D
|
8
|
B
|
9
|
C
|
10
|
B
|
|
11
|
D
|
12
|
C
|
13
|
B
|
14
|
A
|
15
|
D
|
16
|
C
|
17
|
D
|
18
|
B
|
19
|
D
|
20
|
C
|
|
21
|
D
|
22
|
D
|
23
|
E
|
24
|
A
|
25
|
A
|
26
|
B
|
27
|
C
|
28
|
F
|
29
|
B
|
30
|
A
|
|
31
|
E
|
32
|
C
|
33
|
A
|
34
|
D
|
35
|
B
|
36
|
C
|
37
|
B
|
38
|
B
|
39
|
A
|
40
|
C
|
|
41
|
B
|
42
|
B
|
43
|
D
|
44
|
D
|
45
|
F
|
46
|
D
|
47
|
B
|
48
|
B
|
49
|
F
|
50
|
B
|
