Exercise Quiz & Test -4


1. NEFT(National Electronic Fund Transfer) is used for electronic transfer of funds between two bank accounts. Which of the following is not mandatory for a NEFT transaction?
1)IFSC code
2)MICR code
3)Funds recipient’s Bank account number
4)Funds recipient’s Bank account name

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2. The recent Gold scheme will offer option to resident Indians to deposit gold and earn an interest of ……….percent.
1)2.7
2)2.5
3)3.5
4)2.6

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3. RBI has imposed Rs. 1 crore penalty on which bank?
1)Bank of Baroda
2)Bank of India
3)Dhanalakshmi Bank
4)None of these

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4. Why can’t any country print the money instead of borrowing it?
1)Cause inflation
2)Decrease economic output
3)Both A and B
4)None of these

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5.Who is the Corporation Bank chairman and MD?
1)Amit chowdhary
2)S R Bansal
3)Mohan Kumar
4)None of these

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6. IFMR capital, Asian Development Bank(ADB) and ………. Signed a partial guarantee programme to provide local currency financing to Microfinance Institutions(MFI)
1)YES Bank
2)IndusInd Bank
3)Axis Bank
4)ICICI Bank

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7. Recently, RBI has allowed ……. to subscribe to the National Pension System(NPS).
1)NRIs
2)Foreign residents
3)Both A and B
4)None of these

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8. HDFC ranked ………. globally among 250 banks as the safest bank in the world.
1)71
2)82
3)27
4)85

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9. RBI recently signed MOU with which country for exchange of supervisory information.
1)Maldives
2)Canada
3)Russia
4)Bangladesh

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10. Which bank is among the scrutiny of SEBI and stock exchanges in the alleged Forex based Black money case.
1)HDFC
2)Bank of Baroda
3)AXIS bank
4)None of these

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