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BANKING NEWS MCQs

Banking, Banking Awareness

Total Questions : 234 | Page 17 of 24 pages
Question 161. GNP stands for
  1.    Gross National Product
  2.    Grand Nuclear Process
  3.    Group Net Product
  4.    Group Networking Process
 Discuss Question
Answer: Option A. -> Gross National Product




Question 162. NNP stands for
  1.    National New product
  2.    Net New product
  3.    Net National Product
  4.    Net National Income
 Discuss Question
Answer: Option C. -> Net National Product




Question 163. Net National Product (NNP) of a country is
  1.    GNP minus net income from abroad
  2.    GNP minus depreciation allowances
  3.    GDP minus depreciation allowances
  4.    GDP plus net income from abroad
 Discuss Question
Answer: Option B. -> GNP minus depreciation allowances




Question 164. Real national income growth refers to
  1.    National income growth adjusted for saving growth
  2.    National income growth adjusted for depreciation rate
  3.    National income growth adjusted for population growth
  4.    National income growth adjusted for inflation
 Discuss Question
Answer: Option D. -> National income growth adjusted for inflation




Question 165. Bank loans up to ____ per unit to Medium Enterprises under priority sector.
  1.    Rs. 10 crore
  2.    Rs. 18 crore
  3.    Rs. 15 crore
  4.    Rs. 20 crore
 Discuss Question
Answer: Option A. -> Rs. 10 crore


Bank loans up to Rs. 10 crores per unit to Medium Enterprises under priority sector.


Question 166. Loans to individuals up to ______ in metropolitan centers (with the population of ten lakh and above) under priority sector.
  1.    Rs. 25 lakh
  2.    Rs. 18 lakh
  3.    Rs. 15 lakh
  4.    Rs. 28 lakh
 Discuss Question
Answer: Option D. -> Rs. 28 lakh


Loans to individuals up to Rs. 28 lakh in metropolitan centres (with the population of ten lakh and above) under priority sector.


Question 167. Loans to individuals for educational purposes including vocational courses up to _______ irrespective of the sanctioned amount are eligible for classification under priority sector.
  1.    Rs. 5 lakh
  2.    Rs. 10 lakh
  3.    Rs. 15 lakh
  4.    Rs. 20 lakh
 Discuss Question
Answer: Option B. -> Rs. 10 lakh


Loans to individuals for educational purposes including vocational courses up to Rs.10 lakh irrespective of the sanctioned amount are eligible for classification under priority sector.


Question 168. Those amounts due to vendors or suppliers that must be paid within one year are known as ___________?
  1.    Debtors
  2.    Creditor
  3.    Accounts Payable
  4.    Current Assets
 Discuss Question
Answer: Option C. -> Accounts Payable




Question 169. Loans up to _______ in other centers for purchase/construction of a dwelling unit per family under priority sector.
  1.    Rs. 20 lakh
  2.    Rs. 18 lakh
  3.    Rs. 15 lakh
  4.    Rs. 28 lakh
 Discuss Question
Answer: Option A. -> Rs. 20 lakh


Loans up to Rs. 20 lakh in other centres for purchase/construction of a dwelling unit per family under priority sector.


Question 170. ______ is the rate of interest which is levied on Short-Term loans taken by commercial banks from RBI.
  1.    Bank Rate
  2.    Reverse Repo Rate
  3.    Base Rate
  4.    Repo Rate
 Discuss Question
Answer: Option D. -> Repo Rate




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