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MoneyBytes Weekly Quiz #4

What is the full form of ASBA?

Applications Supported by Blocked Assets

Applications Supported by Brokerage Assets

Applications Supported by Brokerage Amount

Applications Supported by Blocked Amount

Which banks were issued universal banking licenses in 2014?

IDFC and Bandhan Bank

Paytm and PhonePe

Reliance & Airtel

HDFC and ICICI

How many stocks are there in the BSE index - Sensex?

100

Which was the first Mutual Fund house in India?

Unit Trust of India(UTI)

State Bank of India(SBI) Mutual Fund

Zurich Mutual Fund

Taurus Mutual Fund

What is the function of Banking Ombudsman?

Regulator of all banks

To monitor high value banking transactions

To redress customer complaints against deficiency in certain banking services

To resolve disputes between banks

Who said "Compound Interest in the 8th Wonder of the World"?

Warren Buffet

Raghuram Rajan

Albert Einstein

Charlie Munger

Which country had issued the highest denomination bank note in the world?

Iran

USA

Singapore

Zimbabwe

In India, any individual or company can collect deposits from investors and pay interest to them.

True

False

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