Exercise Quiz & Test – 14


1.  Which committee is heading the conversion of Urban Cooperative Banks into Regular Banks?
A. R Gandhi
B. H R Khan
C. Urjit R. Patel
D. S. S. Mundra

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2. How many entities have been barred recently for trading, buying, selling or dealing in the securities markets, either directly or indirectly by Securities and Exchange Board of India for manipulating markets and evading taxes?
A. 60
B. 55
C. 59
D. 45

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3. The announcement of Bank holidays on 2nd and 4th Saturday will be effective from-
A. 31st August 2015
B. 1st September 2015
C. 30th August 2015
D. 30th September 2015

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4. When the conversion rate of our currency goes high in compared to other currency , it is known as-
A. Rupee Appreciation
B. Rupee Devaluation
C. Rupee Demodulation
D. Rupee Depreciation

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5. In which of the following market does devaluation of currency happen?
A. Fixed exchange rate
B. Floating exchange rate
C. Pegged exchange rate
D. Either A or B

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6. Which of the following is not the function of Payment bank?
A. Issue of ATM /Debit card
B. Issue of Credit Card
C. Accepts Deposites
D. Provides remittances

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7. At Present, What is the maximum amount that a payment bank can accept from a depositer?
A. Rs.5 lakhs
B. Rs.1 lakh
C. Rs.2 lakhs
D. Rs.75000

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8. M-wallet (mobile wallet) application called Buddy lauched by which of the following bank?
A. Axis
B. State bank of Travancore
C. ICICI
D. SBI

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9. Which of the following will be the co-investor for India Aspiration Fund (IAF) and SIDBI Make In India Loan For Enterprises (SMILE),funds launched by SIDBI?
A. GIC
B. LIC
C. SBI Finance
D. Tech M

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10. Which of the following Indian company sets it record to be the first comapany to over take its parent company in terms of ‘market valuation’?
A. Mahindra & Mahindra
B. Tata Motors
C. Ashok Leyland
D. Maruti suzuki

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