GK Insurance quiz

1.Which of the following banks has taken over the Centurion Bank of Punjab?

ICICI Bank IDBI Bank HDFC Bank AXIS Bank

2.The rate of interest on Savings Bank Account is stipulated by

The concerned bank RBI Indian Banks Association Government of India

3.Many times we read a term CBS used in banking operation.What is the full form of the letter 'C' in the term 'CBS' ?

Core Credit Continuous Complete

4.The securities & Exchange Board of India (SEBI) has asked all Falls to divulge the structure of their offshore entities .What purpose will it serve ? 

(a) To identify if there is any flow of funds from some questionable sources 

(b)To know how much money Falls are planning to invest in India in 2010-11. 

(c) To forecast the possibility of any financial crisis in near future.

Only 1 Only 2 Only 3 All of these

5.Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points.What is basis point ?

Ten percent of one-hundredth point One hundredth of 1% One hundredth of 10% Ten per cent of 1000