Banking Awareness MCQs Part 12

Banking Awareness MCQs Part 12

 

1. Which among the following is responsible for ensuring that housing finance companies in India are operated on sound health and financial standard?

1) National Bank for Agriculture and Rural Development

2) SIDBI

3) Reserve Bank of India

4) IDBI Bank

5) National Housing Bank

2. In case of increase in inflation, the purchasing power _________

1) Increases

2) Increases to a certain limit and then decreases

3) Decreases

4) Does not get affected

5) Other than those given in options

3. On what basis, the Index of Industrial Production is published by the Central Statistical Organization?

1) Monthly Basis

2) Yearly Basis

3) Quarterly Basis

4) Half yearly Basis

5) Weekly Basis

4. Under the DRI Scheme, the maximum amount can be provided by banks at a concessional rate to the weaker sections is ________.

1) Rs. 12000

2) Rs. 20000

3) Rs. 10000

4) Rs. 18000

5) Rs. 15000

5. OLTAS stands for which among the following?

1) Online Tax Accounting Server

2) Online Tax Accounting System

3) Online Tax Accounting Service

4) Online Tax Access Service

5) Other than those given in options

6. What are the maturity period and the fixed interest rate of Sovereign Gold Bond Scheme?

1) 3 years and 1.5%

2) 5 years and 4.5%

3) 8 years and 2%

4) 8 years and 2.5%

5) 5 years and 1.5%

7. QFI scheme was introduced by the government in consultation with RBI and SEBI. In QFI, ‘I’ represents ________.

1) Interest

2) Investor

3) Investment

4) Index

5) Information

8. Which among the following is authorized by RBI to store rupee notes and coins?

1) Currency Bag

2) Currency Block

3) Currency Chest

4) Currency Reserve

5) None of these

9. The Ombudsman Scheme for Non-Banking Financial Companies has introduced under which section of the Reserve Bank of India Act, 1934?

1) Section 46A

2) Section 45L

3) Section 45A

4) Section 58C

5) Section 58G

10. The maximum amount of money that can be insured in case of a person holding money at different branches of a bank is –

1) Rs 25000

2) Rs 50000

3) Rs 1 lakh

4) Rs 2 lakhs

5) Other than those given in options