1. The regulator of Micro Finance in India is:
(1) Finance Ministry
(2) Reserve Bank of India
(3) State Bank of India
(4) SEBI
(5) None of the above
2. Which of the following rates decided by the RBI is called “Policy Rate”?
(1) Lending Rate
(2) Cash Reserve Ratio
(3) Bank Rate
(4) Deposit Rate
(5) None of the above
3. Loan given by the banks to farmers/small shop owners etc. is known as
(1) Corporate loan
(2) Business loan
(3) Priority Loan
(4) Commercial Loan
(5) None of the above
4. The Head Office of which of the following banks is in Mumbai?
(1) Punjab National Bank
(2) Bank of Maharashtra
(3) UCO Bank
(4) Union Bank of India
(5) None of the above
5. As per known commercial banks accept deposits from the public. What do banks do with this money?
(1) This a type of credit creation. Bank gives this on loan.
(2) This is an income for the bank.
(3) Banks give this money directly to the Govt. for developmental projects.
(4) This money is deposited with the RBI who in turn gives some interest on it to banks.
(5) None of the above
6. Which of the following is NOT a type of cheque issued by an individual?
(1) Bearer cheque
(2) Order cheque
(3) Crossed cheque
(4) Savings cheque
(5) None of the above
7. “Sensitive Index” of Bombay Stock Exchange is called ______
(1) Forex
(2) MAX
(3) LIBOR
(4) Sensex
(5) None of the above
8. What is financial inclusion?
(1) To provide a permanent employment to the unemployed
(2) To provide a 100 days job at all those who are in need of a job
(3) To provide banking services to all those living in remote areas
(4) To ensure that all financial transactions amounting Rs. 5,000/- and above are done through banks.
(5) None of the above
9. Exporters in India get insurance cover and risk cover form which of the following organizations?
(1) SIDBI
(2) NABARD
(3) ECGC
(4) RBI
(5) None of the above
10. Banks do not provide which of the following services?
(1) Issuing Bank Draft
(2) Depositing Money
(3) Sale of post .cards and postal stamps
(4) Lockers for valueable items/documents
(5) None of the above
Answers:
1. 5
2. 3
3. 3
4. 4
5. 1
6. 4
7. 4
8. 3
9. 3
10. 3