GK FOR BANKING EXAM QUIZ - 4

BANKING GK QUIZ - 4

1. Why the Indirect taxes are termed regressive taxing mechanisms?

[A]They are charged at higher rates than direct taxes 

[B]They are charged the same for all income groups 

[C]They are charged the same for all income groups 

[D]None of the above is a correct reason

2. What is the minimum public shareholding (MPS) mandated by SEBI for Private Companies and PSUs respectively?

[A]75% and 90%                    [B]90% and 75%

[C]10% and 25%                    [D]25% and 10%

3. What is the least average daily per capita expenditure (DPCE) for village and cities respectively as per the latest data released by the National Sample Survey Office?

[A]Rs.17 and Rs.23                           [B]Rs.21 and Rs.25

[C]Rs.15 and Rs.21                           [D]None of the above

4. The RBI has decided to auction Inflation Indexed Bonds. The index of these Inflation Indexed Bonds is pegged to ___?

[A]WPI                                             [B]CPI

[C]Both WPI and CPI                       [D]None of the above

5. Currently, which among the following products is facing imports ban from China?

[A]Milk and Milk products                                [B]Rice

[C]Telecom equipment                                       [D]Heavy electrical engineering equipment

6. The Cabinet Committee on Investments has been set-up to address which of the following___?

[A]To submit a report on the hurdles creating bottle-necks on the economy

[B]To boost big ticket investments and untangle red-tapism

[C]To fast track disinvestment in PSUs

[D]To attract foreign investment into India to attract foreign investment into India

7. The Mayaram panel was constituted to look into which one of the following areas?

[A]FDI limits in multi brand retail                                   [B]FDI limits across various sectors

[C]FII limits in stock market investment                         [D]None of the above

8. Which of the following best defines a floating-rate bond?

[A]A bond with a fixed interest rate and has better yield than varying interest rate bond

[B]A bond with a fixed interest rate and has lower yield than varying interest rate bond

[C]A bond with a varying interest rate and has better yield than fixed interest rate bond

[D]A bond with a varying interest rate and has lower yield than fixed interest rate bond

9. Recently US law makers and businesses have accused both the Indian policy makers as well as Courts stating “India is the international outlier” when it comes to protecting intellectual property (IP) rights. Such accusations have been made in reference to which among the following sectors?

[A]IT and Communications sector                                 [B]Pharma sector

[C]Education sector                                                      [D]Manufacturing Sector

10. Indian Rupee has touched all-time lows in recent times. Which of the following holds true in view of falling rupee?

[A]Helps exports                                           [B]Helps imports

[C]Helps FDI/FII inflows                               [D]None of the above

           ANSWER

1	C	6	B
2	D	7	B
3	A	8	D
4	A	9	B
5	A	10	A