TRADE AND INDUSTRY

1. Which of the following is not a borrowing from overseas?

(a) External commercial borrowings (b) Indian depository receipts (c) Term loans from banks (d)
None of the above
Answer : Term loans from banks

2. Self help groups are an important borrower class of which of the following institutions?
(a) Banks (b) Micro finance institutions (c) SIDBI (d) All of the above
Answer : All of the above

3. The insurance sector in India is regulated by

(a) RBI (b) IRDA (c) SEBI (d) AMFI
Answer : RBI

4. Life insurance penetration in India is not satisfactory. What is the percentage of population
who are covered by life insurance?
(a) Twenty per cent (b) Six per cent (c) Ten per cent (d) None of the above
Answer : Ten per cent

5. There are many indigenous bankers operating in the country. Who are they?
(a) Cooperative banks (b) Regional rural banks (c) micro finance institution (d) Moneylenders,
shroffs etc
Answer : Moneylenders, shroffs etc

6. Bouncing of cheques or cheques returned unpaid for insufficient funds is considered illegal. It
is treated as
(a) a criminal offence (b) a civil offence

(c) an offence under RBI rules (d) an offence under the Banking Regulation Act
Answer : a civil offence

7. What is the official currency of China?

(a) Peso (b) Dinar (c) Baht (d) Renminbi
Answer : Dinar

8. How many countries are there in the Eurozone which have euro as their common currency ?
(a) 10 (b) 12 (c) 15 (d) 16
Answer : 16

9. Which body/official determines the risk coverage for calculation of premium for life insurance
policies?
(a) Actuary of the life insurance company (b) IRDA
(c) The chief executive of the life insurance company (d) The board of directors of the life
insurance company
Answer : Actuary of the life insurance company

10. Which is the accepted document for establishing proof of identity of an individual for
opening of bank accounts?
(a) PAN card (b) Electricity bill (c) School leaving certificate (d) LIC policy
Answer : PAN card

11. Which of the following is not a Chamber of commerce and industry?

(a) FICCI (b) CII (c) CRISIL (d) PHDCCI
Answer : CRISIL

12. If the company is reporting loss for a financial year at what rate should it declare dividends
for that year?
(a) 5% (b) 7% (c) 0% (d) 10%
Answer : 0%

13. RBI has increased CRR by 0.25%. How is the increase expressed in terms of basis points?
(a) 25 basis points (b) 2.5 basis points (c) 40 basis points (d) None of these
Answer : 25 basis points

14. SEBI has recently reduced the time lag from closure of an issue and its listing from 22 days.
What is the revised time period?
(a) 12 days (b) 7 days (c) 15 days (d) 10 days
Answer : 12 days

15. The Unique Identity project or UID has been given a brand name for ready identification.
Which is the name approved?
(a) Abhigyan (b) Asmita (c) Aasha (d) Aadhaar
Answer : Aadhaar

16. SEBI allows retail investors to apply for shares of Initial Public Offerings without actual
transfer of their funds from their accounts. What is this facility known as?
(a) Systematic transfer plans (b) Systematic investment plans (c) Hedge fund accounts (d) ASBA
Answer : ASBA

17. Which of the following is not plastic money?

(a) Credit cards (b) Debit cards (c) Gift cards (d) Recharge cards

Answer : Recharge cards

18. Service tax is collected by which government department?

(a) Customs and central excise (b) Income tax (c) Local corporation (d) RBI
Answer : Customs and central excise

19. Out of the four entities mentioned below which is not a credit rating agency?
(a) CRISIL (b) ICRA (c) CIBIL (d) FITCH
Answer : CIBIL

20. Which apex body regulates insurance companies in India?

(a) RBI (b) IRDA (c) PFRDA (d) SEBI
Answer : IRDA