Banking Awareness Quiz for NIACL AO MAINS|18th February 2019

Banking Awareness Quiz for NIACL AO MAINS

Improve your Banking with Banking quiz. Banking Quiz to help you improve your score for exams like Bank, SSC, Railway, UPSC, UPSSSC, CDS, UPTET, KVS, DSSSB and other Government exams.

Q1. ADB was conceived in the early 1960s as a financial institution. ADB stands for-

(a) Asian Department Bank

(b) Asian District Bank

(c) African Development Bank

(d) American Development Bank

(e) Asian Development Bank

Q2. NDB, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states. What is the full form of NDB?

(a) New Department Bank

(b) Nominal Development Bank

(c) New Development Basel

(d) New Development Bank

(e) National Development Bank

Q3. Where is the head office of ADB?

(a) New Delhi

(b) Vienna

(c) Manila

(d) Beijing

(e) Tokyo

Q4. Who is the first President of NDB?

(a) Rakesh Sethi

(b) KV Kamath

(c) Arun Jaitley

(d) Raghuram Rajan

(e) Pratip Chaudhury

Q5. The AIIB is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region. AIIB stands for-

(a) Asian Infrastructure Investment Bank

(b) African Infrastructure Investment Bank

(c) Asian International Investment Bank

(d) Asian Indian Investment Bank

(e) Asian Infrastructure Important Bank

Q6. In which year National Company Law Tribunal (NCLT) was set up-

(a) 2012

(b) 2013

(c) 2014

(d) 2015

(e) 2016

Q7. In the first phase of National Company Law Tribunal the Ministry of Corporate Affairs have set up eleven Benches, one Principal Bench. The Principal Bench is located in-

(a) Bengaluru

(b) Kolkata

(c) Mumbai

(d) New Delhi

(e) Chennai

Q8. The NCLAT was constituted under Section 410 of the Companies Act, 2013. What is the meaning of “A” in NCALT?

(a) Agreement

(b) Association

(c) Appellate

(d) Agency

(e) Authority

Q9. Who is the chairperson of NCLAT?

(a) Balvinder Singh

(b) Sudhansu Jyoti Mukhopadhaya

(c) Bansi Lal Bhat

(d) AIS Cheema

(e) M S Sundara Rajan

Q10. Serious Fraud Investigation Office (SFIO) has been established and it has started functioning since-

(a) 1st October 2003

(b) 1st October 2004

(c) 1st October 2007

(d) 1st October 2012

(e) 1st October 2015

Solution

Ans.1.(e)

Exp.The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world.

Ans.2.(d)

Exp.The New Development Bank or NDB, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states.

Ans.3.(c)

Exp.The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines.

Ans.4.(b)

Exp.KV Kamath is the first President of New Development Bank (NDB).

Ans.5.(a)

Exp.The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region.

Ans.6.(e)

Exp.The Central Government has constituted National Company Law Tribunal (NCLT) under section 408 of the Companies Act, 2013 (18 of 2013) w.e.f. 01st June 2016.

Ans.7.(d)

Exp. In the first phase of the National Company Law Tribunal, Ministry of Corporate Affairs have set up eleven Benches, one Principal Bench at New Delhi and ten Benches at New Delhi, Ahmadabad, Allahabad, Bengaluru, Chandigarh, Chennai, Guahati, Hyderabad, Kolkata and Mumbai. These Benches will be headed by the President and 16 Judicial Members and 09 Technical Members at different locations.

Ans.8.(c)

Exp.National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s) (NCLT), with effect from 1st June, 2016.

Ans.9.(b)

Exp.Sudhansu Jyoti Mukhopadhaya is present chairperson of NCLAT.

Ans.10.(a)

Exp.The Government in the backdrop of major failure of non-banking financial institutions, phenomenon of vanishing companies, plantation companies and the recent stock market scam had decided to set up Serious Fraud Investigation Office (SFIO), a multi-disciplinary organization to investigate corporate frauds. The Organization has been established and it has started functioning since 1st October, 2003.

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