Daily GK Quiz - 13 December 2014

Q. : 1 The RBI issued final guidelines for payment banks recently. These banks will not be allowed to conduct which of the following?

1) Take deposits

2) Lend money

3) Distribute financial products such as insurance and mutual funds

4) Offer remittances up to a small limit (Rs 1 lakh currently)

5) Issue debit cards

Q. : 2 The payment banks, as per the guidelines of the RBI, cannot accept which of the following?

1) Current account deposits from individuals

2) Savings bank deposits from individuals, small businesses and other entities

3) Non-resident Indian deposits

4) All the above

5) Only 1) and 2)

Q. : 3 Which of the following requirements is/are NOT correct with respect to small banks as per the final guidelines issued by the RBI?

1) Foreign shareholding – 74 per cent

2) Priority sector lending – 40 per cent

3) Cash Reserve Ration – 4 per cent

4) Statutory Liquidity Ration – 22 per cent

5) None of these

Q. : 4 The QIP is considered as one of the most-favoured fund-raising instruments for the industry. What does QIP stands for?

1) Qualified Institutional Placement

2) Qualitative Institutional Placement

3) Quantitative Institutional Placement

4) Qualified Industrial Placement

5) None of these

Q. : 5 Madan Mitra, who has been arrested by the CBI in connection with the Saradha scam, is the current Transport Minister of

1) Odisha

2) Assam

3) West Bengal

4) Sikkim

5) Jharkhand

Q. : 6 The Lok Sabha passed the Coal Mines (Special Provisions) Bill recently. Which of the following is NOT a highlights of the Bill?

1) The Bill opens sector for commercial mining.

2) It will also set the stage for re-allocation of 204 cancelled coal blocks through a transparent e-auction process.

3) In first phase, 42 producing and 32 about-to-produce mines will be put up for bidding for end use in power, steel & cement sectors.

4) The Govt hopes to conclude e-auction process by Mar 11.

5) None of these

Q. : 7 A few states have achieved the target of complete financial inclusion under the scheme Pradhan Mantri Jan Dhan Yojana. Which of the following is NOT among them?

1) Madhya Pradesh

2) Kerala

3) Goa

4) Telangana

5) Other than those given as options

Answers:

1. (2) Lend money
2. (5) Only 1) and 2)
3. (2) Priority sector lending – 40 per cent
4. (1) Qualified Institutional Placement
5. (3) West Bengal
6. (5) None of these
7. (4) Telangana