General Awareness - MCQ Test(1)


20 Questions MCQ Test | General Awareness - MCQ Test(1)


Description
This mock test of General Awareness - MCQ Test(1) for Banking Exams helps you for every Banking Exams entrance exam. This contains 20 Multiple Choice Questions for Banking Exams General Awareness - MCQ Test(1) (mcq) to study with solutions a complete question bank. The solved questions answers in this General Awareness - MCQ Test(1) quiz give you a good mix of easy questions and tough questions. Banking Exams students definitely take this General Awareness - MCQ Test(1) exercise for a better result in the exam. You can find other General Awareness - MCQ Test(1) extra questions, long questions & short questions for Banking Exams on EduRev as well by searching above.
QUESTION: 1

which of the following is NoT one of the
Recommendations of the committee set up on Financial Sector Reforms under the Chairmanship of Raghuram G. Rajan?

(A) Give more freedom to banks to set up branches and ATMs anywhere.
(B) Set up an office of the financial ombudsmen.
(C) All deposits taking institutions should be free from the supervision of the RBI.

Solution:
QUESTION: 2

The RBI reviews its credit and monetary policy at regular intervals and also in between. What is the purpose of the same?
A- To ensure that inflation does not cross the limit.
B- To ensure that banks have enough liquidity.
C- To ensure that cost of the fund does not reach a very high level.

Solution:
QUESTION: 3

The investments done by "Those financial entities which were launched or incorporated in a foreign country but are investing in an Indian venture in India" are generally known as ......

Solution:
QUESTION: 4

In which of the following accounts is operation by cheques permitted?

Solution:
QUESTION: 5

Banks cannot do which of the following businesses?

Solution:
QUESTION: 6

In the Banking context, ‘Write Off’ refers to?

Solution:
QUESTION: 7

In the term FEDAI, D stands for?

Solution:
QUESTION: 8

What does ‘F’ stand for in the term SWIFT?

Solution:
QUESTION: 9

Plastic Currency Notes were first issued in?

Solution:
QUESTION: 10

Millicom International Cellular SA has recently signed an agreement with which of the following organisation to start combined operations in Ghana?

Solution:
QUESTION: 11

An Indian Company can receive foreign investment by issue of Equity shares issued in accordance with the provisions of the _______

Solution:

An Indian Company can receive foreign investment by issue of Equity shares issued in accordance with the provisions of the Companies Act, 2013

QUESTION: 12

Who among the following can invest in a convertible Note?

Solution:

A person resident outside India (other than an individual who is citizen of Pakistan or Bangladesh or an entity which is registered/ incorporated in Pakistan or Bangladesh), may purchase convertible notes issued by an Indian start-up company.

QUESTION: 13

Foreign investment is prohibited in _________

Solution:

Lottery Business including Government / private lottery, online lotteries, etc.
Gambling and Betting including casinos etc.
Chit funds
Nidhi company
Trading in Transferable Development Rights (TDRs)
Real Estate Business
Manufacturing of tobacco or of tobacco substitutes
Activities / sectors not open to private sector investment- Atomic energy and Railway operations.

QUESTION: 14

The term ‘transfer’ is defined under _______

Solution:

The term ‘transfer’ is defined under FEMA, 1999 as “sale, purchase, acquisition, mortgage, pledge, gift, loan or any other form of transfer of right, possession or lien.

QUESTION: 15

Convertible notes issued by an Indian start-up company for an amount of _______

Solution:

Convertible notes issued by an Indian start-up company for an amount of twenty five lakh rupees.

QUESTION: 16

Which of the following is an instrument issued by a start-up company?

Solution:

Convertible Note is an instrument issued by a start-up company.

QUESTION: 17

Tenor of convertible instruments will be guided by the instructions framed under the _______

Solution:

Tenor of convertible instruments will be guided by the instructions framed under the Companies Act, 2013.

QUESTION: 18

Who can purchase or sell FDI compliant instruments of Indian companies on the Stock Exchanges under the Portfolio Investment Scheme?

Solution:

NRI can purchase or sell FDI compliant instruments of Indian companies on the Stock Exchanges under the Portfolio Investment Scheme.

QUESTION: 19

An NRI can purchase shares up to ____ per cent of the paid up capital of an Indian company on a fully diluted basis.

Solution:

An NRI can purchase shares up to 5 per cent of the paid up capital of an Indian company on a fully diluted basis.

QUESTION: 20

All NRIs taken together cannot purchase more than ____ per cent of the paid up value of the company.

Solution:

All NRIs taken together cannot purchase more than 10 per cent of the paid up value of the company.