1. Which of the following statement is/are true about fiat money?
a) Fiat money includes physical token like certificates
b) Fiat money's value is not derived from any intrinsic value are relative value is based only on government order
c) Fiat money can be converted in to valuable commodity (like gold)
d) Both 1 and 2
e) None of these
2. 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
3. Which of the following statements is incorrect regarding RTGS system?
a) The transactions take place in real time
b) The system operates on DNS (Deferred Net Settlement) basis
c) The minimum amount that can be remitted is Rs. 2 lakh
d) Service charges for RTGS transactions vary from one bank to another
e) Only b and c
4. In TRIPS, what does ‘I’ stand for?
a) Intellectual
b) Information
c) Indian
d) Infra
e) None of these
5. Often, we read in the newspapers that several Indian companies are taking the FCCB route to raise capital. What does the term FCCB stand for?
a) Foreign Currency Convertible Bond
b) Foreign Convertible Credit Bond
c) Financial Consortium and Credit Bureau
d) Future Credit and Currency Bureau
e) None of these
6. RBI is lender of last resort which reveals:
a) RBI advances money to public whenever there is any emergency
b) Commercial banks give fund to the RBI
c) RBI advances necessary credit against eligible securities to financial institutions
d) All of the above
e) None of the above
7. The ability of commercial banks to increase their deposits by expanding their loans and advances is known as
a) Capital expansion
b) Credit expansion
c) Credit control
d) Credit creation
e) None of these
8. Which of the following entities did not get the licence to run Payment Bank :
a) Aditya Birla Nuvo Limited
b) Sun Pharma
c) Fino PayTech Limited
d) Videocon d2h
e) Cholamandalam Distribution Services Limited
9. RBI has lifted a ban on carrying Indian bank notes of Rs 1,000 and 500 denominations to and from Nepal and Bhutan. RBI has put a limit on carrying such notes at Rs.__________ per person?
a) 10000
b) 15000
c) 25000
d) 20000
e) 30000
10. 10-second paperless instant loan Scheme for its existing customers and Project Tatkal home loans application process within 10 days are launch by which of these banks respectively:
a) ICICI and HDFC
b) SBI and ICICI
c) BOI and SBI
d) HDFC and SBI
e) BOI and ICICI
Answers..
1 - b
2 - d
3 - b
4 - a TRIPS : Trade Related Intellectual Property Rights
5 - a
6 - c
7 - d
8 - d
9 - c
10- d