Banking and Financial Awareness - Online Test
Q1. The fraction of deposits is kept as Cash Reserves by the commercial banks with the
Answer : Option B
Explaination / Solution:
No Explaination.
Q2. Dutch Disease” is commonly referred to
Answer : Option D
Explaination / Solution:
In economics, the Dutch disease is the apparent causal relationship between the increase in the economic development of a specific sector (for example natural resources) and a decline in other sectors (like the manufacturing sector or agriculture).
Q3. The fraction of deposits kept as Cash Reserves by the commercial banks is called
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. Which body under WTO acts as a dispute settlement body-
Answer : Option B
Explaination / Solution:
It’s the General council which acts as a Dispute settlement body and trade policy review body. It helps member countries to resolve issues and also review trade policy of member countries to ensure that they are WTO compliant.
Q5. The fraction of deposits kept as Cash Reserves by the commercial banks with themselves is called
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. Priority Sector Lending includes which of the following sectors in India
a) Education
b) Export
c) Social Infrastructure
d) Renewable Energy
a) Education
b) Export
c) Social Infrastructure
d) Renewable Energy
Answer : Option D
Explaination / Solution:
PRIORITY SECTOR LENDING means provide credit to the needy sectors of the society.
These sectors are:
• Agriculture • Micro & Small Enterprises
• Education • Housing
• Export • Weaker Sections
• Social Infrastructure • Renewable Energy
Q7. The fraction of deposits kept as Cash Reserves by the commercial banks is a
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. What are the minimum requirements for setting up of a payment bank.
a) Maintenance of CRR 4%
b) Minimum 21% of its "demand deposit balances" in SLR
c) The minimum paid-up equity capital shall be Rs. 100 crore
a) Maintenance of CRR 4%
b) Minimum 21% of its "demand deposit balances" in SLR
c) The minimum paid-up equity capital shall be Rs. 100 crore
Answer : Option A
Explaination / Solution:
Apart from amounts maintained as CRR (4%) on its outside demand& time liabilities, payment banks will be required to invest minimum 75% of its "demand deposit balances" in SLR eligible. The minimum paid-up equity capital shall be Rs. 100 crore.
Q9. The fraction of deposits kept as Cash Reserves by the commercial banks are also called as
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. India got which rank in world bank’s ‘Ease of doing Business’ 2018 report which was released recently?
Answer : Option E
Explaination / Solution:
India climbed 30 positions in the latest ease of doing business ranking by the World Bank, in its ‘Ease of doing Business’ 2018 report. The report ranks India at 100 among 190 countries. Last year, India was ranked 130. New Zealand, Singapore and Denmark retained their first, second and third spots.
