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Banking Awareness
1➤ The Reserve Bank of India tabulates the Rupee’s Nominal Effective Exchange Rate (NEER) in relation to the currencies of _____ countries.
The Reserve Bank of India tabulates the rupee’s Nominal Effective Exchange Rate (NEER) in relation to the currencies of 36 trading partnercountries.
2➤ An NPA is a loan or advance for which the principal or interest payment remained overdue for a period of
ⓐ 60 days ⓑ 70 days ⓒ 80 days ⓓ 90 days
➤ 90 days
A NPA is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days.
3➤ Bonds like Zero coupon and T-Bills are issued by whom first in 1996.
ⓐ RBI ⓑ Government of India ⓒ SEBI ⓓ SIDBI
➤ Government of India
Zero coupon bonds are bonds with no coupon payments. However, like T- Bills, they are issued at a discount and redeemed at face value. The Government of India had issued such securities in 1996. It has not issued zero coupon bonds after that.
4➤ SMILE is a new scheme offered by SIDBI. What is the full firm of M in SMILE.
ⓐ Micro ⓑ MSME ⓒ Medium ⓓ Make
➤ Make
SIDBI Make in India Soft Loan Fund for MSME (SMILE): It is having minimum loan amount of INR 10 Lakh for equipment finance and INR 25 lakh for other purpose.
5➤ RBI shares how much percent of the share in National Bank for Agriculture and Rural Development?
ⓐ 51% ⓑ 0.7% ⓒ 65% ⓓ 99.3%
➤ 99.3%
National Bank for Agriculture and Rural Development – Established in 1982
Controlled by → GoI (99.3%) + RBI (0.7%)
Regulatory authority of Cooperative banks + RRBs
Manage Rural infra. Development fund (RIFD)
Finances State cooperative banks (SCB), RRBs, MFIs, Cottage/handicraft (SHG) etc.
6➤ A micro-enterprise, where the investment in Plant and Machinery or Equipment does not exceed ________ and turnover does not exceed _________.
A micro-enterprise, where the investment in Plant and Machinery or Equipment does not exceed one crore rupees and turnover does not exceed five crore rupees.
7➤ There are how many printed currency presses in India?
ⓐ 2 ⓑ 3 ⓒ 4 ⓓ 6
➤ 4
Bank notes are printed at four currency presses, two of which are owned by the Government of India through its Corporation, Security Printing and Minting Corporation of India Ltd. (SPMCIL) and two are owned by the Reserve Bank, through its wholly owned subsidiary, Bharatiya Reserve Bank Note Mudran Private Ltd. (BRBNMPL). The currency presses of SPMCIL are at Nasik (Western India) and Dewas (Central India). The two presses of BRBNMPL are at Mysuru (Southern India) and Salboni (Eastern India).
8➤ What is the authorised share capital of NaBFID?
The National Bank for Financing Infrastructure and Development (NBFID) is set up as the principal development financial institution (DFIs) for infrastructure financing.NBFID is set up as a corporate body with authorised share capital of one lakh crore rupees.
9➤ Which among the following is not the type of PSLCs?
ⓐ Agriculture ⓑ Small/Marginal Farmers ⓒ Micro Enterprises ⓓ None of the above
➤ None of the above
There are four types of PSLCs: Agriculture, Small/Marginal Farmers (PSLC–SF/MF), Micro Enterprises and General — that is, other than loans to agriculture and micro enterprises.
10➤ To improve the performance of ARCs, the RBI has appointed the committee headed by whom to examine the issues and recommend measures for enabling ARCs?
ⓐ Dhananjay Jain ⓑ Sudarshan Sen ⓒ Nirmala Sitharaman ⓓ Shaktikanta Das
➤ Sudarshan Sen
To improve the performance of ARCs, the RBI had appointed the committee (headed by Sudarshan Sen) to examine the issues and recommend measures for enabling ARCs to meet the growing requirements of the financial sector.
