Free Banking Quiz – 2 Answers

 

11 Which of the following organizations looks after the credit needs of agriculture and rural development in India?Ans) NABARD
12Head of the six-member Committee to set out the framework for fuller capital account, convertibility (CAC) appointed by RBI?Ans) Mr. S. S. Tarapore
13Imperial bank of India was later renamed asAns) SBI
14 SDR, the currency of the IMF, is in the form ofAns) Book keeping entry only
15 Who declares the Credit Policy of India?Ans)Reserve Bank of India
16What is full form of NBFC as used in financial sector?Ans)Non-Banking financial companies
17Narshimhan Committee is related toAns) Banking
18An agreement whereby an issuing Bank at the request of the Importer undertakes to take payment to the exporter against stipulated documents for overseas trading?Ans)Letter of Credit
19Which among the following correctly defines the Net Interest Income (NII) for banks?Ans) Difference between interest earned and interest paid
20When there is an inflationary trend in the economy what would be trend in the pricing of the Bank products?Ans) Increasing trend