Banking Questions with Answers

1. Maximum Number Of Partners In Banking System

[A] 10

[B] 25

[C] 20

[D] 50

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2. Recently, which among the following banks has organised “The Banking and Economics Conclave 2014” a national level banking conclave for the first time?

[A] State Bank of India

[B] Canara Bank

[C] State Bank of Mysore

[D] Vijaya Bank

[E] None of the above

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3. Which one of the following is not a financial regulatory body in India?

[A] RBI

[B] SEBI

[C] CCI

[D] IRDA

[E] None of the above

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4. As per the RBI latest decision residents and non residents can carry up to Rs ___ in Indian currency notes while leaving the country. Fill the blank with correct option?

[A] 25,000

[B] 15,000

[C] 30,000

[D] 50,000

[E] None of the above

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5. Who among the following can invest in capital markets in India through Portfolio Investment?1. Non Resident Indians (NRIs)2. Foreign Institutional Investments (FIIs)3. Persons of Indian Origins (PIO) Choose the correct answer from the option given below:

[A] Only 1 & 2

[B] Only 2 & 3

[C] Only 1 & 3

[D] 1, 2 & 3

[E] None of the above

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6. Recently, the RBI has recognized Micro Finance Institution Network (MFIN), as the Self Regulatory organization for NBFC-MFIs. The decision was taken by RBI based on the recommendations made by which committee?

[A] Y H Malegam committee

[B] Parthasarthi Shome committee

[C] Chakrabharthy committee

[D] Khan committee

[E] None of the above

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7. Recently, the Finance Ministry has decided to go in OFS route to sell its stake in the state-owned companies. What does the OFS stands for _____?हाल ही में, वित्त मंत्रालय ने राज्य के स्वामित्व वाली कंपनियों में अपनी हिस्सेदारी बेचने के लिए OFS मार्ग में जाने का फैसला किया गया है। OFS का अर्थ क्या है?

[A] Opportunity for Saleओप्पोर्तुनिटी फ

[B] Offer for Saleऑफर फॉर सेल

[C] Offer for Stockholdingsऑफर फॉर स

[D] Open for Saleओपन फॉर सेल

[E] None of the aboveइनमें से कोई भी नहीं

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8. The Transatlantic Trade and Investment Partnership (TTIP), is a trade and investment agreement under negotiation between which organisations?

[A] EU and US

[B] EU and India

[C] WTO and India

[D] EU and China

[E] None of the above

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9. What is the minimum number of employees in a firm covered by the retirement fund body Employees Provident Fund Organisation (EPFO) for providing social security net?

[A] Ten

[B] Twenty

[C] Thirty

[D] Fifteen

[E] None of the above

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10. The Reserve Bank of India is planning to launch a new category of banks called D-SIB. What does D-SIB stands for ___?

[A] Domestic Systemically Important Banks

[B] Domestic Systematically Improvised B

[C] Domestic Synchronised Important Banks

[D] Domestic Synchronised Improvised Banks

[E] None of the above

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