Thursday, July 14, 2016

1. Which of the following committees recommended the revival of Cooperative Credit institutions in states?
(a) Vaidyanathan committee
(b) Rangarajan committee 
(c) Sachchar committee 
(d) None of the above 

 Which of the following organizations/agencies has established a fund known as ‘Investor protection fund’?
(a) SEBI
(d) AMFI

3. India has different categories of Commercial Banks. Which of the following is NOT one such category?
(a) Private Banks 
(b) Commodity Banks
(c) Nationalized Banks 
(d) Co-operative Banks

4. Which of the following types of Banks are allowed to operate foreign currency accounts?
I. Foreign Banks 
II. Regional Rural Banks 
III. Nationalized Banks 
(a) Only I
(b) Only II
(c) Only III
(d) All of the above

5. The money which Govt. of India spends on the development of infrastructure in country comes from which of the following sources? [Pick up the correct statements (s)]
I. Loan from World Bank/ADB etc.
II. Taxes collected from the people.
III. Loan from the RBI.
(a) Only I
(b) Only II
(c) Only III
(d) All of the above

6. Many times we read in financial newspapers about ‘FII’. What is the full form of FII?
(a) Final Investment in India 
(b) Foreign Investment in India 
(c) Formal Investment in India 
(d) Foreign Institutional Investment

7. Commission for Agricultural Costs and Prices (CACP) recommends...........?
(a) Comfort Price 
(b) State Advised Price 
(c) Minimum Support Price
(d) Minimum Export Price 

8. The Secure Electronic Transaction (SET) specification _____________?
(a) Is a notice, issued and verified by a certificate authority, that guarantees a user or Website is legitimate 
(b) Provides private-key encryption of all data that passes between a client and server 
(c) Allows users to choose an encryption scheme for the data that passes between a client and a server 
(d) Uses a public-key encryption to secure credit-card transaction systems

9. Lot of discussion is going on these days on the issue of ‘Participatory Note’ (P Notes) used in financial sector/money market. What is Participatory Note? [Pick up the correct statement (s)]

I. It is nothing but another name of the banking operation by which banks exchange Indian Rupee into US Dollars without depositing a single rupee in the account of the party who are NRIs. The entire operation is carried out by the banks solely on the basis of the credit and good, will of the NRI party.

II. It is an offshore derivative instrument used by overseas buyers/investors who buy shares of India companies listed in Indian Stock Exchange anonymously.

III. It is nothing but a type of undertaking given to the banks that they should continue investing money in stock markets on behalf of the NRIs and in case the market crashes  NRI’s will make the losses good without delay.
(a) Only I
(b) Only II
(c) Only III
(d) All of the above 

10. From the given options a tod, please find out the one which is not an objective of a central Bank of a country?
(a) The Central Bank of a county aims at profit
(b) The Central Bank is given powers to control and regulate the working of the commercial banks 
(c) Central Bank generally is a organ of the government and run by government officials
(d) Central Bank generally controls the credit

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