General Banking Awareness - MCQs with answers - Part III
1. Where is NDB headquartered?a) Beijing
b) Chengdu
c) Hong Kong
d) Shanghai
View Answer / Hide AnswerANSWER: d) Shanghai
The New Development Bank is multilateral development bank. It is operated by BRICS states (Brazil, Russia, India, China and South Africa).
a) Governor of RBI
b) Finance Secretary
c) Finance Minister
d) The President
View Answer / Hide AnswerANSWER: b) Finance Secretary
The Ministry of Finance concerns itself with taxation, financial legislation, capital markets, centre and state finances, and the Union Budget.
a) Afghanistan
b) Argentina
c) Australia
d) Austria
View Answer / Hide AnswerANSWER: c) Australia
The Reserve Bank of Australia released the world's first long lasting and counterfeit resistant polymer (plastic) banknotes in 1988.
a) IRDA
b) RBI
c) SEBI
d) SIDBI
View Answer / Hide AnswerANSWER: b) RBI
Monetary policy is the process by which the monetary authority of a country controls the supply of money.
a) Finance Minister
b) Finance Secretary
c) RBI Governor
d) The President
View Answer / Hide AnswerANSWER: c) RBI Governor
The Reserve Bank derives its role in currency management from the Reserve Bank of India Act, 1934.
a) 2
b) 4
c) 5
d) 10
View Answer / Hide AnswerANSWER: b) 4
The general superintendence and direction of the RBI is entrusted with the 21-member Central Board of Directors. They are the Governor, 4 Deputy Governors, 2 Finance Ministry representatives, 10 government-nominated directors, and 4 directors to represent local boards headquartered at Mumbai. Kolkata, Chennai and New Delhi.
a) Tokyo Interbank Offered Rate
b) Tokyo-India Bureau Of Regulations
c) The Interbank Offered Rate
d) None
View Answer / Hide AnswerANSWER: a) Tokyo Interbank Offered Rate
It is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks.
a) Foreign Currency Convertible Bond
b) Foreign Currency Convertible Bank
c) Foreign Currency Convertible Board
d) Foreign Convertible Currency Board
View Answer / Hide AnswerANSWER: a) Foreign Currency Convertible Bond
Corporates issue Foreign Currency Convertible Bonds (FCCBs) to raise money in foreign currencies.
a) Basel II norms
b) Basel III norms
c) Basel I norms
d) Solvency II norms
View Answer / Hide AnswerANSWER: b) Basel III norms
Basel III or the Third Basel Accord is a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk.
a) Call Detail Swap
b) Corporate Debt Swap
c) Credit Default Swap
d) None
View Answer / Hide AnswerANSWER: c) Credit Default Swap
The first Credit Default Swap (CDS) contract was introduced by JP Morgan in 1997.
