RBI & MONETARY Policy Topic Quiz - Moderate Level (35 Questions)

00:00

1.
NABARD was approved by the Parliament through ______ of 1981

Act 57

Act 24

Act 65

Act 61

2.
If one party rejects the Banking Ombudsman's decision then:

such party have to satisfied with Banking Ombudsman's decision only

such party can approach the appellate authority against the Banking Ombudsmen's decision.

such party can approach the governor of RBI.

None of The Above

3.
The IRDA was incorporated as a statutory body on______________?

30 April 2001

01 July 2002

31 December 1999

19 April 2000

4.
Where is the headquarter of NABARD located?

New Delhi

Mumbai

Lucknow

Bangalore

5.
Which of the following objective/s is/are important under new KYC Norms?

To curb Money Laundering

To curb the specious activities

To monitor/check the transactions of the bank customers

All of the above

6.
Which of the following banks are not covered under the Banking Ombudsman Scheme?

Scheduled Commercial Banks

Regional Rural Banks

Primary Co-operative Banks

Payment Banks

7.
Which type of banking is most helpful in cross-selling?

Virtual Banking

Relationship Banking

Wholesale Banking

Agricultural Banking

8.
On which rate base, overnight money is needed by bank from RBI?

MSF

Repo rate

Reverse repo

Bank rate

9.
If an insurance policy holder is not satisfied with the award of the insurance ombudsman, he / she can approach to__?

Courts of law

Consumer forums

Either a or b

The award of insurance ombudsman can not be challenged

10.
NABARD was established on the recommendation of which committee?

A Ghosh Committee

BD Shah Committee

B.Sivaraman Committee

C Rao Committee

11.
In accordance with AML-KYC, what is the full form of AlFl ?

All India Financial Institution

Association of Indian Forging Industry

American Indian Film Institute

None of these

12.
KYC guidelines have been issued under which section of Banking Regulation ACT 1949?

Section 35A

Section 36

Section 45

Section 136A

13.
In case of High-Risk Customer Category, the full KYC should be obtained in:

1 year

2 years

3 years

5 years

14.
What is the maximum amount of compensation under Banking Ombudsman scheme 2006?

Rs. 4 lakh

Rs. 3 lakh

Rs. 5 lakh

Rs. 10 lakh

15.
Which of the following functions rolled into one body by SEBI?

Quasi-legislative

Quasi-juidliclal

Quasi-executive

All of the above

None of the above

16.
What is the term used for the maximum interest rate that a firm can pay from available cash flow and still have enough cash flow to make all required principal and interest payments.

Optional interest rate

Gross interest rate

Progressive interest rate

Break-even interest rate

17.
Which among the following complaints not dealt by SEBI?

Complaints falling under the purview of the regulatory bodies like RBI. IRDA.- PFEDA.. OCI, FMC etc

Complaints regarding Pension Fund

Complaints regarding Commodities

All of the Above

None of These

18.
Which of the following defines 'Para Banking' services?

Eligible financial services rendered by banks

Services provided through business correspondents

Services provided to armed forces personnel

Utility services provided by banks

19.
SCORES stands for?

SEBI Complaints Redress System

Sources for Complaints Redress System

Special Complaints Remedy System

SEBI Complaints Rectify System

None of these

20.
Who is the Chairman of the IRDAI?

Sujay Banarji

P. J. Joseph

Praveen Kutumbe

Subhash C. Khuntia

21.
CFD stands for?

Corrective Fiscal Division

Corporation Finance Department

Corporate Financing Division

Corporation Fiscal Department

None of these

22.
CRAR is the ratio of a bank’s capital to its risk. What does it stands for?

Capital to Risk Assets Ratio

Capital to Risk Adequacy Ratio

Capital to Risk Amount Ratio

Capital to Risk Analysis Ratio

23.
When the SEBI was established?

April 12, 1988

April 17, 1992

April 15, 1959

April IQ, 1991

April 12, 1992

24.
Which of the following is not a role of NABARD?

Providing refinance to lending institutions in rural areas

Bringing about or promoting institutional development

Evaluating, monitoring and inspecting the client banks

All are its role

25.
In accordance with AML-KYC, what is the full form of NBFC:

New Brunswick Faculty Council

Non- Banking Finance Company

Non Banking Financial Corporation

None of these

26.
RBI has set the minimum LR at 3.5 percent for Indian lenders. What does LR stands for?

Lending Ratio

Leverage Ratio

Liquidity Ratio

Liability Ratio

27.
Who regulates Depository and Depository Participants in India?

RBI

SEBI

Government of India

SIDBI

28.
In case of Low Risk Customer Category, the fresh KYC should be obtained in:

1 year

3 years

5 years

10 years

29.
The Investor Protection and Education Fund (IPEF) has been created by ______

SEBI

RBI

NABARD

IRDAI

30.
The Banking Ombudsman is a senior official appointed by the ___________

SEBI

Reserve Bank of India

Indian Bank’s Association

NABARD

31.
Identify the Direct Instrument of the Monetary Policy?

Cash Reserve Ratio

Repo Rate

Bank Rate

Open Market Operation

32.
What is the increase in application limit for retail investors?

From 1 lakh to 2 lakh

From 1 lakh to 1.5 lakh

From 2 lakh to 3 lakh

From 1.5 lakh to 2 lakh

None of these

33.
When did the Government initiate the process of amalgamation of RRBs in a phased manner?

September, 2005

March, 2009

June, 2009

March, 2010

34.
When did the National Housing Bank start its operations?

July, 1982

July, 1988

April, 1980

March, 1971

35.
Which Section of Banking Regulation Act 1949 gives power to RBI to specify SLR for SCBs?

Section 42

Section 14

Section 38

Section 24

RBI & MONETARY Policy Topic Quiz - Moderate Level (35 Questions)

00:00

1. NABARD was approved by the Parliament through ______ of 1981

2. If one party rejects the Banking Ombudsman's decision then:

3. The IRDA was incorporated as a statutory body on______________?

4. Where is the headquarter of NABARD located?

5. Which of the following objective/s is/are important under new KYC Norms?

6. Which of the following banks are not covered under the Banking Ombudsman Scheme?

7. Which type of banking is most helpful in cross-selling?

8. On which rate base, overnight money is needed by bank from RBI?

9. If an insurance policy holder is not satisfied with the award of the insurance ombudsman, he / she can approach to__?

10. NABARD was established on the recommendation of which committee?

11. In accordance with AML-KYC, what is the full form of AlFl ?

12. KYC guidelines have been issued under which section of Banking Regulation ACT 1949?

13. In case of High-Risk Customer Category, the full KYC should be obtained in:

14. What is the maximum amount of compensation under Banking Ombudsman scheme 2006?

15. Which of the following functions rolled into one body by SEBI?

16. What is the term used for the maximum interest rate that a firm can pay from available cash flow and still have enough cash flow to make all required principal and interest payments.

17. Which among the following complaints not dealt by SEBI?

18. Which of the following defines 'Para Banking' services?

19. SCORES stands for?

20. Who is the Chairman of the IRDAI?

21. CFD stands for?

22. CRAR is the ratio of a bank’s capital to its risk. What does it stands for?

23. When the SEBI was established?

24. Which of the following is not a role of NABARD?

25. In accordance with AML-KYC, what is the full form of NBFC:

26. RBI has set the minimum LR at 3.5 percent for Indian lenders. What does LR stands for?

27. Who regulates Depository and Depository Participants in India?

28. In case of Low Risk Customer Category, the fresh KYC should be obtained in:

29. The Investor Protection and Education Fund (IPEF) has been created by ______

30. The Banking Ombudsman is a senior official appointed by the ___________

31. Identify the Direct Instrument of the Monetary Policy?

32. What is the increase in application limit for retail investors?

33. When did the Government initiate the process of amalgamation of RRBs in a phased manner?

34. When did the National Housing Bank start its operations?

35. Which Section of Banking Regulation Act 1949 gives power to RBI to specify SLR for SCBs?

1.
NABARD was approved by the Parliament through ______ of 1981

2.
If one party rejects the Banking Ombudsman's decision then:

3.
The IRDA was incorporated as a statutory body on______________?

4.
Where is the headquarter of NABARD located?

5.
Which of the following objective/s is/are important under new KYC Norms?

6.
Which of the following banks are not covered under the Banking Ombudsman Scheme?

7.
Which type of banking is most helpful in cross-selling?

8.
On which rate base, overnight money is needed by bank from RBI?

9.
If an insurance policy holder is not satisfied with the award of the insurance ombudsman, he / she can approach to__?

10.
NABARD was established on the recommendation of which committee?

11.
In accordance with AML-KYC, what is the full form of AlFl ?

12.
KYC guidelines have been issued under which section of Banking Regulation ACT 1949?

13.
In case of High-Risk Customer Category, the full KYC should be obtained in:

14.
What is the maximum amount of compensation under Banking Ombudsman scheme 2006?

15.
Which of the following functions rolled into one body by SEBI?

16.
What is the term used for the maximum interest rate that a firm can pay from available cash flow and still have enough cash flow to make all required principal and interest payments.

17.
Which among the following complaints not dealt by SEBI?

18.
Which of the following defines 'Para Banking' services?

19.
SCORES stands for?

20.
Who is the Chairman of the IRDAI?

21.
CFD stands for?

22.
CRAR is the ratio of a bank’s capital to its risk. What does it stands for?

23.
When the SEBI was established?

24.
Which of the following is not a role of NABARD?

25.
In accordance with AML-KYC, what is the full form of NBFC:

26.
RBI has set the minimum LR at 3.5 percent for Indian lenders. What does LR stands for?

27.
Who regulates Depository and Depository Participants in India?

28.
In case of Low Risk Customer Category, the fresh KYC should be obtained in:

29.
The Investor Protection and Education Fund (IPEF) has been created by ______

30.
The Banking Ombudsman is a senior official appointed by the ___________

31.
Identify the Direct Instrument of the Monetary Policy?

32.
What is the increase in application limit for retail investors?

33.
When did the Government initiate the process of amalgamation of RRBs in a phased manner?

34.
When did the National Housing Bank start its operations?

35.
Which Section of Banking Regulation Act 1949 gives power to RBI to specify SLR for SCBs?