Exercise Quiz & Test – 28


1. Which of the following is not meant for the purpose of investment?
A. Mutual funds
B. Infrastructure funds
C. National Saving certificate
D. Letter of credit
E. None of these

Answer & Solution

2. First Indian bank to open overseas branch?
A. Bank of India
B. Punjab National Bank
C. Bank of Baroda
D. Bank of India
E. None of these

Answer & Solution

3. ECS stand for
A. External Commercial System
B. Electronic Clearing System
C. Electronic Commercial System
D. Electrical Clearing Service
E. Electronic Clearing Service

Answer & Solution

4. Conversion of physical form of share into electronic form is called
A. Demat
B. Exchange
C. Materialization
D. None of these
E. Clearance

Answer & Solution

5. Which of the following is not correctly matched?
A. ICICI-1956
B. IDBI- 1964
C. IFCI- 1948
D. SIDBI- 1988
E. None of these

Answer & Solution

6. FINO stands for
A. Final Inclusion Network & operation
B. Finance Investment Network operation
C. Financial Inclusion Network Operation
D. Foreign Investment Network Operation
E. None of these

Answer & Solution

7. Nationalization of banks took place in India in how many phases?
A. 2
B. 1
C. 3
D. 4
E. None of these

Answer & Solution

8. A closed economy is
A. Only Exports take place
B. Only Imports take place
C. Imports and exports take place
D. Neither Imports nor Exports take place
E. None of these

Answer & Solution

9. Who carry out open market operations?
A. SEBI
B. SIDBI
C. RBI
D. NABARD
E. None of these

Answer & Solution

10.Purpose of setting up Narsimhan committee-2?
A. Efficiency and productivity
B. Banking reform process
C. Export of IT sector
D. Fiscal Reform process
E. None of these

Answer & Solution