1. Which of the following is not a borrowing from overseas?
(a) External commercial borrowings (b) Indian depository receipts (c) Term loans from banks (d) None of the above
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2. Self help groups are an important borrower class of which of the following institutions?
(a) Banks (b) Micro finance institutions (c) SIDBI (d) All of the above
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3. The insurance sector in India is regulated by–
(a) RBI (b) IRDA (c) SEBI (d) AMFI
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4. Life insurance penetration in India is not satisfactory. What is the percentage of population who are covered by life insurance?
(a) Twenty per cent (b) Six per cent (c) Ten per cent (d) None of the above
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5. There are many indigenous bankers operating in the country. Who are they?
(a) Cooperative banks (b) Regional rural banks (c) micro finance institution (d) Moneylenders, shroffs etc
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6. Bouncing of cheques or cheques returned unpaid for insufficient funds is considered illegal. It is treated as–
(a) a criminal offence (b) a civil offence
(c) an offence under RBI rules (d) an offence under the Banking Regulation Act
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7. What is the official currency of China?
(a) Peso (b) Dinar (c) Baht (d) Renminbi
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8. How many countries are there in the Eurozone which have euro as their common currency ?
(a) 10 (b) 12 (c) 15 (d) 16
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9. Which body/official determines the risk coverage for calculation of premium for life insurance policies?
(a) Actuary of the life insurance company (b) IRDA
(c) The chief executive of the life insurance company (d) The board of directors of the life insurance company
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10. Which is the accepted document for establishing proof of identity of an individual for opening of bank accounts?
(a) PAN card (b) Electricity bill (c) School leaving certificate (d) LIC policy
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11. Which of the following is not a Chamber of commerce and industry?
(a) FICCI (b) CII (c) CRISIL (d) PHDCCI
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12. If the company is reporting loss for a financial year at what rate should it declare dividends for that year?
(a) 5% (b) 7% (c) 0% (d) 10%
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13. RBI has increased CRR by 0.25%. How is the increase expressed in terms of basis points?
(a) 25 basis points (b) 2.5 basis points (c) 40 basis points (d) None of these
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14. SEBI has recently reduced the time lag from closure of an issue and its listing from 22 days. What is the revised time period?
(a) 12 days (b) 7 days (c) 15 days (d) 10 days
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15. The Unique Identity project or UID has been given a brand name for ready identification. Which is the name approved?
(a) Abhigyan (b) Asmita (c) Aasha (d) Aadhaar
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16. SEBI allows retail investors to apply for shares of Initial Public Offerings without actual transfer of their funds from their accounts. What is this facility known as?
(a) Systematic transfer plans (b) Systematic investment plans (c) Hedge fund accounts (d) ASBA
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17. Which of the following is not plastic money?
(a) Credit cards (b) Debit cards (c) Gift cards (d) Recharge cards
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18. Service tax is collected by which government department?
(a) Customs and central excise (b) Income tax (c) Local corporation (d) RBI
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19. Out of the four entities mentioned below which is not a credit rating agency?
(a) CRISIL (b) ICRA (c) CIBIL (d) FITCH
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20. Which apex body regulates insurance companies in India?
(a) RBI (b) IRDA (c) PFRDA (d) SEBI
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