Banking Quiz

1. What is the Cash Reserve Ratio as on 20th December 2015?

Answer. 4%

2. Who decied the Prime lending rate?

Answer. Individual Banks

3. The NBFCs are allowed to accept/renew public deposits for a minimum period of _______ and maximum period of _______. They cannot accept deposits repayable on demand?

Answer. 12 months & 60 months

4. Name the institution which is a principal financial institution in India for coordinating the working of institutions engaged in financing export and import trade?

Answer. The Export-Import (EXIM) Bank of India

5. Where is the Headquarter of Securities and Exchange Board of India (SEBI) ?

Answer. Mumbai

6. Who is known as the "Micro-Finance Regulatory Authority"?

Answer. NABARD

7. Who is the regulator of Nidhi Companies?

Answer. Ministry of corporate affairs, Government of India 

8. Name the 9 digit numeric code that uniquely identifies a bank branch participating in electronic clearing scheme?

Answer. MICR 

9. What is the full form of the CORE word in CBS?
Answer. Centralized Online Realtime Exchange

10. An account is maintained by an Indian Bank in the foreign countries?

Answer. Nostro account