Daily GK Quiz 25th March 2015

Q. : 1 Which of the following is NOT a component of Foreign Reserves of India?

1) Reserve Position in IMF Trench 

2) Special Drawing Rights (SDRs)

3) Gold 

4) Foreign Currency Assets

5) None of these 

Q. : 2 People in India are NOT allowed to carry out banking transactions through which of the following means?

1) Mobile 

2) Internet banking

3) Personal visit 

4) Business correspondent

5) None of these 

Q. : 3 According to current regulations for banks, an asset is classified as non-performing asset (NPA) when it remains overdue for ______ days.

1) 30 

2) 60

3) 90 

4) 120

5) 180 

Q. : 4 Which of the following is the rate at which local currency can be converted into a foreign currency and vice-versa?

1) MIBOR 

2) LIBOR

3) Interbank exchange rate 

4) Exchange rate

5) Base rate 

Q. : 5 Which of the following is NOT a job undertaken by commercial banks in India?

1) Issuing credit card 

2) Setting up ATMs

3) Determining CRR, SLR 

4) Selling insurance policies

5) None of these 

Q. : 6 The small credits given to people belonging to low income groups, is called

1) Cash credit 

2) Overdraft

3) No frills loan 

4) Micro credit

5) Agricultural credit 

Q. : 7 Ringgit is the currency of which of the following countries?

1) Malaysia 

2) Saudi Arabia

3) Philippines 

4) Thailand

5) Indonesia 

Q. : 8 Which of the following agencies provides insurance cover to the deposits made with the banks?

1) LIC 

2) GIC

3) DICGC 

4) Tata AIG

5) HDFC Ergo

Q. : 9 Which of the following words is NOT used in banking?

1) Epicenter 

2) CBS

3) EFTPOS 

4) SWIFT

5) Priority sector 

Q. : 10 Which of the following is the regulator of credit rating agencies in India?

1) RBI 

2) IBA

3) SEBI 

4) FMC

5) NABARD 

Answer:-

1. (5) None of these
2. (5) None of these
3. (3) 90
4. (4) Exchange rate
5. (3) Determining CRR, SLR
6. (4) Micro credit
7. (1) Malaysia
8. (3) DICGC
9. (1) Epicenter
10. (3) SEBI