(QUIZ) Economy MCQs : Banking System In India

1. Consider the following.

1.  SBI
2.  IDBI
3.  IFCI
4.  SIDBI

2. Consider the following statements.

1. Banks are broadly classified into two types - scheduled & non scheduled Banks.
2. Banking sector reforms in India were conducted on the basis of Narasimhan Committee reports.

Which of the above statements is / are true.

1. 1 only
2. 2 only
3. Both 1 & 2
4. Neither 1 nor 2

3. Consider the following statements.

1. SARFAESI (Securitization & Reconstruction of Financial Assets & enforcement of Security Interest Act (2002) has given unprecedented powers to banks, financial institutions & asset reconstruction securitization companies to take over management control of a loan defaulter or even capture its assets.
2. GARR (General Anti Avoidance Rule) is related to curb black money.

Which of the above statements is / are true.

1. 1 only
2. 2 only
3. Neither 1 nor 2
4. Both 1 & 2

4. Consider the following statements about Basel Norms.

1. In 1988 Basel Committee gave the first set of norms (Basel I).
2. India adopted Basel Norms I in 1992.

Which of the above statements is / are true.

1. 1 only
2. 2 only
3. Neither 1 nor 2
4. Both 1 & 2

5. Consider the following statements.

1. Actual contributed equity plus retained earnings is called Tier I capital.
2. NBFC (Non Banking Financial Companies) are largely referred to as shadow banking.
3. Rate at which banks lend to the best customers is called SLR.

Which of the above statements is / are true.

1. 1, 2 & 3
2. 1 & 2
3. 1 & 3
4. 2 & 3

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