Banking Awareness Quiz | 08 - 08 - 17

Q.1. Expand CPSS. 

(1) Committee on Public Safety and Security 

(2) Council of Parliamentary Security System 

(3) Committee on Parliamentary Security System 

(4) Committee on Payment and Settlement Systems 

(5) None of these 

Q.2. Bureau of Indian Standards (BIS) is a body under the ______. 

(1) Minister of Human Resource Development 

(2) Minister of Heavy Industries and Public Enterprises 

(3) Ministry of Consumer Affairs, Food and Public Distribution 

(4) Minister of Commerce and Industry 

(5) None of these 

Q.3. Which measure of money supply in banking denotes the total amount of money available in an economy at a particular point in time? 

(1) M1 

(2) M2 

(3) M3 

(4) M4 

(5) None of these 

Q.4. __________ is a collective investment scheme that exists as a single legal entity but has several distinct sub-funds which, in effect, are traded as individual investment funds. 

(1) Collective fund 

(2) Umbrella Fund 

(3) Group fund 

(4) Boat Fund 

(5) None of these 

Q.5. Which among the following is Not an objective of FRBM Act 2003? 

(1) To reduce fiscal deficit 

(2) To adopt prudent debt management 

(3) To generate revenue surplus 

(4) To reduce revenue deficit 

(5) None of these 

Q.6. Name the Asia’s first Stock Exchange? 

(1) Shanghai Stock Exchange 

(2) MCX-SX 

(3) Bombay Stock Exchange 

(4) Tokyo Stock Exchange 

(5) None of these 

Q.7. ASBA facility can be utilised presently by all categories of investors including Qualified Institutional Buyers for applying to________? 

(1) CDs 

(2) Bonds 

(3) T- Bills 

(4) IPO 

(5) None of these 

Q.8. In the___________, the term arbitrage is used with reference to simultaneous purchase and sale of securities to make profits from price 

(1) Money Market 

(2) Open Market Operations 

(3) Capital Market 

(4) Electronic transaction 

(5) None of these 

Q.9. Below are given the main objectives of the Special Economic Zones Act 2005. Identify the one which is not correct? 

(1) Generation of additional economic activity 

(2) Promotion of imports of goods and services; 

(3) Promotion of investment from domestic and foreign sources; 

(4) Creation of employment opportunities; 

(5) None of these 

Q.10. Under which Act Local area banks can be established by private promoters? 

(1) Company Act – 1956 

(2) Banking Regulation Act-1956 

(3) Company act -1950 

(4) Banking Regulation Act-1958 

(5) None of these

Answers - 

Q.1.(4) 

Q.2.(3) 

Q.3.(3) 

Q.4.(2) 

Q.5.(4) 

Q.6.(3) 

Q.7.(4) 

Q.8.(3) 

Q.9.(2) 

Q.10.(1)