ECONOMICS QUIZ #3
BANKING & FINANCE
Q1) What is true about Wholesale Bank?a) It is proposed bank on recommendation of Nachilket Mor Committee.b) It would finance large Infra Projects.c) It can take deposits from common people.
1. Only a
2. a & b
3. All the above
4. Only b
Q2) Which of the following grant direct credit to rural household?
3)Only 1 and 2
4)None of these
Q3) Assertion(A): State governments are net debtors to cooperative banks. Reason(R): Co-operative banks park their surplus funds into bonds of state government.
1) Both A & R are correct, and R explains A
2) Both A & R are correct, and R doesn't explain A
3) Both A & R are wrong
4) None of the above
Q4) Which of the following are All india financial institute (AIFI) in India? 1) EXIM 2)NABARD 3)NHB 4) Land Development Bank
a) 1 & 2
b) 1, 2, & 3
c) All of the above
d) 1 & 3
Q5) The National housing board (NHB) was setup in India as a wholly owned subsidy of:
Q6) What is true about Mudra Bank: a) Can take deposits from people b)It finances micro enterprises indirectly c) It is a subsidiary of SIDBI.
4. All of the above
Q7) What is false about Islamic banking:
1. It provides interest free loans
2. It is legal in india
3. It does not allow investment in speculative trading, gambling, etc.
4. All of the above
Consider following statements about Non Performing Assets (NPAs). 1) An asset turns into NPA if Principal/Interest not deposited for 60 days 2) Asset restructuring Companies deal with NPA 3)A para bank has been established to deal with NPA and is regulated by RBI
Which option is true?
b. Only 1
c. All of the above
Q9) What are BASEL Norms?
1. They are norms that regulate use of nuclear material
2. Set of agreement which deals with regulation of banking and financial system
3. They regulate use of chemical weapons
4. None of these
Q10) What is true about 'Twin Balance sheet' problem? 1)It highlights the growing problems in India with respect to stressed balance sheets of corporates and banks 2)Main cause of it is the growing NPA 3).'Twin deficit' problem is directly linked to it
a. All of the above
b. 1 & 3
c. 1 & 2
d. Only 1
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