Banking Quiz - RRB 2015

1. Which of the statements mentioned below is/are correct?
   1. T-bills are issued by the Government of India on behalf of the RBI
   2. T-bills are short-term money market instruments
   3. T-bills cannot be purchased by a resident of India
   A.All are correct
   B.2 & 3 are correct
   C.Only 2 is correct
   D.Only 3 is correct
2. Which of the following is an incorrect statement?
   A. Reverse Repurchase operation by RBI is aimed at increasing the liquidity in the banking system
   B. Special Drawing Rights (SDR) are issued by IMF
   C. Rupee appreciation results in decrease in imports
   D. Increase in the inflation rate leads to decline in real interest rate
3. What purpose does the MICR number, which is present on a cheque, serve?
   A. It is used to identify the genuineness of the cheque
   B. It is used to identify the bank branch
   C. It is nothing but a type of cheque number
   D. Both (a) and (b)
4. In TRIPS, what does ‘I’ stand for?
   A.Intellectual
   B.Information
   C.Indian
   D.Infra
5. Insurance companies use the bank sales channels to sell their products. Which of the following terms describes this selling process?
   A.Scheduled banking
   B.Scheduled Insurance
   C.Bankinsuring
   D.Bancassurance
6. Which of the following acts is useful in controlling HAWALA transactions?
   A.FEMA Act
   B.RBI Act
   C.DICGC Act
   D.Banking Regulation Act
7. ‘CAMELS’ is a type of Bank Rating System. In CAMELS, what does ‘C’ stand for?
   A.Currency
   B.Compensation
   C.Capital Adequacy
   D.Capitalisation
8. A Eurobond is.......
   A.A bond released in a currency of the European countries
   B.A bond released in an Indian currency in European nations
   C.A bond released in Euro in our country
   D.A bond released in a currency other than the currency of the country in which it is issued
9. In banking parlance, ‘NPA’ stands for.....
   A.Non Performing Asset
   B.Net Producing Asset
   C.Net Performing Asset
   D.Not Promoting Asset
10. LAF is an indirect instrument of monetary policy, which is used by \RBI to regulate the liquidity in banking system. ‘LAF’ stands for:
    A.Liquidity Adjustment Facility
    B.Liquidity Account Facility
    C.Liquidity Allotment Facility
    D.Long Adjustment Facility