Foreign exchange management has a term Dirty Float which stands for _________.
When exchange rate is manipulated to take leverage in external transactions
When exchange rate is not at all managed by authorities
When country's regulation over foreign exchange market is weak
When a country allows free floating exchange rate
When Capital account convertibility allows free movement of capital with minimal regulations
Q.2.
Which of the following goods are considered as the intermediate goods:
All goods which are meant for further production
All goods which are meant for resale in the same year
All goods which are meant for consumption by consumers
Both (1) and (2)
None of the above
Q.3.
The Rural Banks came into existence inwith the formation of which of the following banks?
Kamraz Rural Bank
Kakathiya Grameen Bank
Prathama Bank
Kanakdurga Grameen Bank
Q.4.
Which among the following was the main recommendation of the Narsimhan Committee-II in 1998?
It recommended doing away with the Priority Sector Lending system
It recommended merger of banks and finance institutions, NBFCs etc. on the basis of synergy and operational efficiency
Both 1 and 2
None of the above
Q.5.
A ________ is a relative amount of capital to total assets (not risk-weighted).
Leverage ratio
Capital adequacy ratio
Liquidity ratio
Net Stable Funding Ratio
None of the above
Q.6.
Where is the headquarters of Small Industries Development Bank of India (SIDBI)?
Kolkata
New Delhi
Mumbai
Hyderabad
Lucknow
Q.7.
Which of the following is not true about Bharat Interface for Money (BHIM) app?
BHIM is a digital payments solution app, for easy and quick transactions, based on the Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI).
Money can also be sent to non-UPI supported banks using IFSC code and account number.
BHIM allows daily transaction limit of Rs 20,000.
Transaction Limits: Maximum of Rs. 20,000 per transaction and Rs. 30,000 within 24 hours.
BHIM framework allows its usage without internet also.
Q.8.
What is the main objective behind the introduction of Payments Bank?
To generate funds for entrepreneurs
To increase government tax base
To promote the idea of Make in India
To increase the penetration level of financial services to the remote areas of the country.
None of the above
Q.9.
The new Rsbanknote has the motif of _______ on the reverse side of it.
Mangalyaan
Taj Mahal
The Bay of Bengal
Mount Everest
None of the above
Q.10.
NRO Account can be opened in the form of:
Saving Account
Current Account
Fixed Deposit Account
All of the above
None of the above
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