Banking Knowledge Capsule

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1.. National Rural Employment Program was formerly known as:
a) Do work and get Food
b) Employment for Food
c)Food For Work
d) None of these

2.Where neither exports nor imports takes place is known as:
a)Closed Economy
b) Depressed Economy
c) Silent Economy
d) None of these

3. R. Gandhi is Deputy Governor of RBI and also a part of board member of:
a) MNREGA
b) Axis Bank
c)SEBI
d) None of these

4.Conversion of Physical form of share into electronic form is called:
a) E-Share
b)DEMAT
c) Online Share Cards
d) None of these

5.U.K. Sinha is present chairman of:
a) RBI
b)SEBI
c) National Development Council
d) None of these

6.Who among the following is famous banker and is Padam Bhushan Awardee:
a) Indira Nuyee
b)Chanda Kochhar
c) Arundhati Bhatacharya
d) None of these

7.A scheduled bank must be:
a) Company incorporated by any law in force in any place in India.
b) An institution notified by GOI.
c) A company as defined by Companies Act, 2013.
d)All of the Above
e) None of These

8.Financial assistance for a sum of Rs. 5,000 can be called as:
a) ShortTerm Money
b) Little Finance
c)Micro Finance
d) Small Finance
e) None of These

9.An index of financial inclusion has been launched for first time in 2008 by:
a) NSE
b)ICRIER
c) BSE
d) RBI
e) None of These

10.ICRIER stands for:
a) international council on Research in Economic References
b) Indian Career Research Institute in Economic Relation
c)Indian Council for Research on International Economic Relations
d) International Coverage on Research Institute for Economic Rates

11.Which of the following is a third party product often sold by banks:
a) Gift cheques
b) Credit cards
c) Debit cards
d)Mutual funds
e) None of These

12. FD in commercial bank can be done for maximum period of:
a)10 Years
b) 15 Years
c) No Limit
d) 9 Years
e) None of these

13.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) None of These

14.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

15. FDI stands for:
a) Foreign Development in India
b) Frequent Direct Investment
c)Foreign Direct Investment
d) Financial Development In India
e) None of These

16.Reduction in general level of prices in an economy is known as:
a) Inflation
b) Shortage of Goods
c)Deflation
d) Supply Shortage
e) None of These