Question 1 of 29

1. Question

1 points

Reverse repo is a tool used by RBI.

Inject liquidity
Absorbed liquidity
Increase liquidity with banking system
To maintain liquidity at a level

Question 2 of 29

2. Question

1 points

Which of the following offers personal loans at high rates of interest:

Bank
Chit fund
Money lender
Money lender

Question 3 of 29

3. Question

1 points

What is Atal Pension Yojana (APY)?

Provides social security to the unorganized sector
Encourages workers to voluntarily save for their retirement
Fixed pension is paid on attaining 60 years of age
All of the above

Question 4 of 29

4. Question

1 points

Traveler’s checks are valid ……

three months
Six months
One year
No limit is valid until encoded

Question 5 of 29

5. Question

1 points

Which of the following is the pension scheme of the Government of India for the weaker and economically deprived sections of the society?

NPS-Main
Nps-lite
National Pension System-Chief
None of these

Question 6 of 29

6. Question

1 points

Which of the following cannot be a bank friend?

Retired bank employee
retired teacher
Retired government employee
Local panchayat secretary

Question 7 of 29

7. Question

1 points

Can a debit card be issued to illiterate person?

No
Yes
Only in case of joint account
Only when he is the head of the family

Question 8 of 29

8. Question

1 points

Aadhaar number is a __digit number.

8
10
12
15

Question 9 of 29

9. Question

1 points

More broadly, in economics, savings refer to any income that is not used for immediate consumption.

truth
FALSE

Question 10 of 29

10. Question

1 points

What are the modalities covered under DBT of LPG subsidy scheme?

If the customer has an Aadhaar number then the Aadhaar number should be linked to their bank account and LPG distributor.
If the customer does not have an Aadhaar number, they should link their bank account number with their LPG distributor.
LPG consumers can also get subsidy by linking LPG consumer ID with their bank account
All of the above.

Question 11 of 29

11. Question

1 points

Which of the following payments does a lender receive for lending his money for four years?

PV (1 + i) 4
PV / (1 + i) 4
4PV
PV / (1 - i) 4

Question 12 of 29

12. Question

1 points

For zero coupon bonds, the relationship between price and interest rate is best described as:

Variable
Fixed
Non-existent
In reverse

Question 13 of 29

13. Question

1 points

The ground level survey under PMJDY is to be completed within ___ during the beginning of the campaign.

1 year
6 months
Four months
3 months

Question 14 of 29

14. Question

1 points

In view of the liquidity premium theory, if investors expect short term interest rates to decrease:

The yield curve must have a positive slope
Yield curve must be upside down
The yield curve may be flat
The slope of the yield curve must actually increase

Question 15 of 29

15. Question

1 points

Regional rural banks are classified into the following –

Land development bank
Cooperative bank
Commercial Bank
Public sector banks

Question 16 of 29

16. Question

1 points

What is true about the relation between standard deviation and risk?

The greater the standard deviation the greater the risk
Greater standard deviation will be less risk
Greater standard deviation risk remains the same
No connection between them

Question 17 of 29

17. Question

1 points

Investors will keep more compensation for __________ investment.

More risky
Low risk
Fixed return
Low dividend

Question 18 of 29

18. Question

1 points

A scheduled bank is one that includes-

Schedule of banking regulation act
Constitution schedule
Second Schedule of RBI Act
None of these

Question 19 of 29

19. Question

1 points

On which of the following deposit schemes are the interest rates determined by the Reserve Bank of India?

Fixed deposit after maturity of 5 years
Recurring deposit
savings Bank
Flexi deposit scheme

Question 20 of 29

20. Question

1 points

Debt instruments are classified on the basis of which of the following?

Debt maturity period
Rate of interest
Mode of payment of interest
Amount of loan taken

Question 21 of 29

21. Question

1 points

Which of the following do we mean by direct finance?

Individuals (or firms) borrow directly from savers
Individuals (or firms) borrow directly from banks.
Individuals deposit directly in savings banks.
Firms deposit savings directly in banks.

Question 22 of 29

22. Question

1 points

Overdraft facility of Rs.10000 / – is available in PMJDY account for whom?

After 6 months of satisfactory operation of the account
One account per family
Customers in the age group of 18-60 years
All of the above

Question 23 of 29

23. Question

1 points

What is the target group for internet banking marketing?

All customers
All literate customers
All Computer Graphics Customers
Only indebted

Question 24 of 29

24. Question

1 points

EBT stands for _____

Economic benefit transfer
Excess profit transfer
Electronic benefit transfer
Electronic board for transaction

Question 25 of 29

25. Question

1 points

The interest rate is determined by whom?

Money and labor market
Goods market
Goods and labor market
Money market

Question 26 of 29

26. Question

1 points

Bank charges interest

On deposit
on loan
Both (A) and (B)
None of these

Question 27 of 29

27. Question

1 points

What documents need to be submitted for getting loan under MUDRA?

Standard loan application
KYC and other documents may be required as per the internal guidelines of the bank / NBFC / MFI
Both of the above
None of these

Question 28 of 29

28. Question

1 points

What is the role of MUDRA under PMMY loan?

MUDRA is a direct lending institution and lends directly to PMMY to entrepreneurs of small / micro units.
Acts as a refinance agency and all banks, NBFC, MFI as per the requirement of the customer, for further lending to customers under different categories of PMMY loans
MUDRA is the regulator of banks
None of these

Question 29 of 29

29. Question

1 points

NEFT Bank provides the facility to customers to transfer funds easily and securely.

truth
FALSE

IIBF English Test 6