Daily GK Quiz 7th April 2015

Ques. : 1   What is the lock-in period for the investment made in re-launched Kisan Vikas Patra (KVP)?

1) one year

2) one and half years

3) two years

4) two and half years

5) Cannot be withdrawn before maturity

Ques. : 2   The ING Vysya Bank is being taken over by

1) HDFC Bank

2) Axis Bank

3) ICICI Bank

4) Kotak Mahindra Bank

5) None of these

Ques. : 3   What is the term used for the capital which is frequently transferred between financial institutions in an attempt to maximize interest or capital gain?

1) Hot money

2) Paper gold

3) Narrow money

4) Broad money

5) None of these

Ques. : 4   In the priority sector lending target of 40 per cent for certain scheduled commercial banks in India, what is the sub-limit for the farm sector?

1) 8 per cent

2) 10 per cent

3) 15 per cent

4) 18 per cent

5) 20 per cent

Ques. : 5   Which are the banks in which the govt of India infuses capital to help them maintain regulatory capital adequacy ratios?

1) Public Sector Banks

2) Small private sector banks

3) Regional Rural Banks

4) Cooperative Banks

5) All the above

Ques. : 6   The term EFTPOS stands for

1) Enabled Funds Transfer at Point of Sale

2) Exact Funds Transfer at Point of Sale

3) Express Funds Transfer at Point of Sale

4) Electronic Funds Transfer at Point of Sale

5) None of these

Ques. : 7   Which of the following is not a general insurance?

1) Motor insurance

2) Health insurance

3) Property insurance

4) Travel insurance

5) None of these

Ques. : 8   The Indian 100-rupee banknote is signed by the

1) Finance Minister

2) Finance Secretary

3) RBI’s Governor

4) One of RBI’s Deputy Governors

5) The President

Ques. : 9   Which of the following institutions is associated with the regulation of finance related activities in India?

1) FMC

2) IFFCO

3) IDBI

4) ICERT

5) None of these

Ques. : 10   Which of the following terms is NOT associated with banking sector?

1) Corporate finance

2) Syndication

3) Prime Meridian

4) Sub-prime

5) Sub-standard assets

Answer:-

1. (4) two and half years
2. (4) Kotak Mahindra Bank
3. (1) Hot money
4. (4) 18 per cent
5. (1) Public Sector Banks
6. (4) Electronic Funds Transfer at Point of Sale
7. (5) None of these
8. (3) RBI’s Governor
9. (1) FMC
10. (3) Prime Meridian