This Banking Awareness Quiz consists of 10 Questions on topics like Banking, Financial Markets, Banking and Financial Regulators etc.
Q1.FEMA Stands for ______________
- Financial Exchange Management Act
- Foreign Exchange Management Act
- Foreign Exchange Money Act
- Financial Exchange Money Act
- Foreign External Management Act
View Answer / Explanation
Foreign Exchange Management Act
Q2.Primary Activities of RBI are _____________
- Managing Foreign Exchanges
- Issuing Currency Notes
- Maintaining Financial Stability
- Regulating Banking System in India
- All The Above
View Answer / Explanation
Option 5 – RBI manages all the above mentioned activities.
Q3.Maintaining cash balance with RBI as a share of demand and time liabilities of bank is known as
- CRR
- SLR
- LAF
- MSF
- Bank Rate
View Answer / Explanation
Option 1- CRR – Cash Reserve Ratio.
Q4.Identify RBI Regulatory role from the following
- Licensing
- Monitoring Governance
- Regulating Interest Rates
- Prescribing Capital Requirements
- All the above
View Answer / Explanation
All the above
Q5.What are the principles that guide RBI in investing its foreign assets
- Safety and Liquidity
- Safety and Returns
- Liquidity and Returns
- Safety, Liquidity and Returns
- None of the above
View Answer / Explanation
Safety, Liquidity and Returns
Q6.Larger value settlement of inter-bank transactions from financial markets is done through ____________________
- RTGS
- IPS
- RuPay
- NEFT
- RBI Payment System
View Answer / Explanation
RTGS – Real Time Gross Settlement
Q7.National Bank for Agriculture and Rural Development ( NABARD ) is established for ______________________
- Promoting Mutual Funds in India
- Promoting and Regulating Housing Finance in Rural Areas
- Promoting Rural and Agricultural Credit
- Regulating Agriculture in Rural Areas
- Regulating Agriculture in Rural and Semi-Urban Areas
View Answer / Explanation
NABARD is established for Promoting Rural and Agricultural Credit
Q8.Cash Reserve consists of ____________
- Cash
- Money Market Instruments
- Treasury Bill
- Option 1 and 3
- All the above
View Answer / Explanation
Cash Reserve consists of Cash, Money Market Instruments and Treasury Bills
Q9.Main instrument(s) available with the Central Banks to control prime rates of leading banks is _____________
- Repo Rate
- Reverse Repo Rate
- CRR
- SLR
- All the above
View Answer / Explanation
Central Banks uses All the above instruments to control the prime lending rates of banks.
Q10.Acceptance of deposits from public for the purpose of lending and investments is the main activity of _____________
- Commercial Banks
- Financial Institutions
- Primary Dealers
- NBFC
- MFI
View Answer / Explanation
Commercial Banks
