Thursday, November 28, 2013
Banking Awareness
1. First Governor of RBI was –
a) Hilton Young
b) Paul Samuelson
c) C.D.Deskmukh
d) O.A Smith
2. At the time of nationalization who was the Governor of RBI-
a) O.A Smith
b) J.B Taylor
c) C.D. Deshmukh
d) K.C.Neog
3. The RBI was nationalized in the year –
a)1949
b)1956
c)1959
d)1947
4. The general superintendence and director of the bank is entrusted to central board of directors of –
a) 10 members
b) 20 members
c) 25 members
d) 30 members
5. Paper currencies of our country are issued by RBI under –
a) Section- 22 of the RBI act -1934
b) Section- 24 of the RBI act -1934
c) Section- 28 of the RBI act -1934
d) None of these
6. One rupee currency notes bear the signature of -
a) PM
b) President of India
c) Governor of RBI
d) Finance Secretary of India
7. Ten rupees notes bear the signature of –
a) President
b) Finance Minister
c) Secretary of Ministry of finance
d) Governor of RBI
8. Which of the following is the banker of the banks –
a) IDBI
b) SBI
c) RBI
d)UTI
9. In which of the following banks one can’t open a personal account –
a) Co-Operative Banks
b) Commercial banks
c) Regional Rural Banks
d) RBI
10. Which of the following banks is the banker to the government –
a) SBI
b) SEBI
c) RBI
d) IRDA
11. Which of the followings are the function of RBI –
a) Regulation of currency and flowing of credit system
b) Maintaining exchange values of rupee
c) Formulating monetary policy of India
d) All of these
12. Credit rationing in India is done by –
a) SBI
b) LIC
c) UTI
d) RBI
13. The first bank of India was –
a) Bank of Hindusthan
b) Imperial Bank
c) Bank of Bengal
d) Oudh Commercial Bank
14. The first Indian fully liability and managed bank was –
a) PNB
b) Traders Bank
c) SBI
d) Presidency Bank of India
15. The rates at which the RBI extends credit to the commercial bank is called –
a) Bank Rate
b) Reverse Repo Rate
c)Interest Rate
d) None of these
16. In which of the following is not the any element of monetary policy of RBI –
a) Bank rate
b) Open Market Operation
c) Public Expenditure
d) All of these
17. The head of the RBI is called as –
a) Governor of RBI
b) Chairman of RBI
c) Finance Head
d) Managing Director
18. Which of the following is the last lender of the last resort of commercial bank-
a) SBI
b) Union Govt.,
c) RBI
d) UTI
19. The RBI is agent of central government and of all state government except –
a) Bihar
b) Goa
c) Jammu and Kashmir
d) Mizoram
20. Raghuram G Rajan is RBI’s ________ Governor.
a) 23rd
b) 21st
c) 15th
d) 26th
21. The Banking Concept in India was first developed by –
a) British
b) French
c) Indian
d) None of these
22. The rate at which RBI gives short term credit to the commercial banks against government securities with buy back provision is called –
a) Bank Rate
b) Repo Rate
c) Reverse repo rate
d) Interest rate
23. The rate at which RBI takes loans from commercial banks is called –
a) Repo Rate
b) Reverse Repo Rate
c) Bank Rate
d) Interest Rate
24. At present the Reverse Repo Rate of RBI is –
a) 8.25
b) 7.25
c) 7.50
d) 6.75
25. Bank rate of RBI is also known as –
a) Interest Rate
b) Discount Rate
c) fed rate
d) bid rate
26. Which of the following is not the any element of quantitative credit control policy of RBI –
a) CRR
b) SLR
c) Selective credit control
d) open market operation.
27. At present CRR of RBI is –
a) 4%
b) 7.5%
c) 8.5%
d) none of these
28. At present SLR of RBI is –
a) 23%
b) 21.5%
c) 23.5%
d) none of these
29. The apex organization of Indian money market is –
a)SBI
b) SEBI
c) RBI
d) IRDA
30. If the cash reserve is lowered by RBI, what will be its effect on credit creation –
a) Decrease
b) Increase
c) No Change
d) None of these
31. The expansion of money supply of an economy depends on –
a) The policy of CRR
b) The bank rate policy
c) Open market operation
d) All of these
32. Among the following who are eligible to benefit from the Mahatma Gandhi National Rural Employment Guarantee Act? –
a) Adult Members of only the scheduled caste and scheduled tribe holders
b) Adult of below poverty line household
c) Adult members of household of all backward community
d) adult members of any rural household
33. Which of the following banks merged with Punjab national banks in 1993 –
a) New bank of India
b) Central Bank of India
c) Imperial Bank of India
d) Common bank of India
34. A currency, the exchange values of which is expected to remain stable due to strong performance by it’s economy. This currency is –
a) Soft Currency
b) Hot currency
c) Fiat currency
d) None of these (Hard Currency)
35. The Reserve Bank of India issues under the following note issue method? –
a) Proportional Reserve System
b) Minimum Reserve System
c) Maximum Reserve System
d) Fixed Fiduciary System
36. What is a Scheduled Bank? –
a) A bank having Rs 10 Crore deposits
b) A bank having Rs 100 Crore deposits
c) A bank having Rs 5 Crore deposits
d) A bank included in the second schedule of RBI act 1934.
37. How many languages are used on a Ten Rupee note? –
a) 2
b) 7
c) 10
d) 15
38. The place where bankers meet and settle their mutual claims and accounts is known as –
a) Treasury
b) Clearing House
c) Dumping House
d) Collection centre
39. The largest Public sector bank in India –
a) SBI
b) PNB
c) RBI
d) ICICI
40. Which of the following is not the function of RBI –
a) Banker’s bank
b) Banker to public
c) custodian of foreign exchange
d) Bankers to Govt.
41. Who is responsible for the collection and publication of monetary and financial information-
a) Finance Commission
b) Finance ministry
c) RBI
d) Auditor and Comptroller general of India
42. Which of the following regulatory authority to oversee the new issues, protect the investment and investors, promote the development of Capital Market and regulate the working of Stock Exchange –
a) UTI
b) IRDA
c) RBI
d) SEBI
43. After a long span of 22 years, RBI released Rs.1000/- currency note for circulation in –
a) 2000
b) 2002
c) 2005
d) 2008
44. Regional Rural banks are working in all states of the country except –
a) Sikkim and Goa
b) Sikkim and Manipur
c) Manipur and Nagaland
d) Jammu and Kashmir
45. The National Housing Bank is a subsidiary of –
a) RBI
b) NABARD
c) IDBI
d) UTI
46. At present the ceiling of Foreign Direct Investment (FDI)** in insurance sector in India is –
a) 26%
b) 49%
c) 51%
d) 74%
47. Rs. 25 Paisa was ceased by the Govt of India on –
a) 30th june 2011
b) 30th July 2011
c) 1st January 2011
d) 1st July 2011
48. Initial Public Offering (IPO) is associated with –
a) RBI
b) Stock Exchange
c) IRDA
d) Indian Postal Service
49. The Basic regulatory authority for mutual funds and stock markets lies with the –
a) Government of India
b) Reserve Bank of India
c) Securities and Exchange Board of India (SEBI)
d) Stock Exchange
50. Monetary policy Referes to the policy of –
a) Money Lenders
b) Government
c) Commercial Banks
d) RBI
1. First Governor of RBI was –
a) Hilton Young
b) Paul Samuelson
c) C.D.Deskmukh
d) O.A Smith
2. At the time of nationalization who was the Governor of RBI-
a) O.A Smith
b) J.B Taylor
c) C.D. Deshmukh
d) K.C.Neog
3. The RBI was nationalized in the year –
a)1949
b)1956
c)1959
d)1947
4. The general superintendence and director of the bank is entrusted to central board of directors of –
a) 10 members
b) 20 members
c) 25 members
d) 30 members
5. Paper currencies of our country are issued by RBI under –
a) Section- 22 of the RBI act -1934
b) Section- 24 of the RBI act -1934
c) Section- 28 of the RBI act -1934
d) None of these
6. One rupee currency notes bear the signature of -
a) PM
b) President of India
c) Governor of RBI
d) Finance Secretary of India
7. Ten rupees notes bear the signature of –
a) President
b) Finance Minister
c) Secretary of Ministry of finance
d) Governor of RBI
8. Which of the following is the banker of the banks –
a) IDBI
b) SBI
c) RBI
d)UTI
9. In which of the following banks one can’t open a personal account –
a) Co-Operative Banks
b) Commercial banks
c) Regional Rural Banks
d) RBI
10. Which of the following banks is the banker to the government –
a) SBI
b) SEBI
c) RBI
d) IRDA
11. Which of the followings are the function of RBI –
a) Regulation of currency and flowing of credit system
b) Maintaining exchange values of rupee
c) Formulating monetary policy of India
d) All of these
12. Credit rationing in India is done by –
a) SBI
b) LIC
c) UTI
d) RBI
13. The first bank of India was –
a) Bank of Hindusthan
b) Imperial Bank
c) Bank of Bengal
d) Oudh Commercial Bank
14. The first Indian fully liability and managed bank was –
a) PNB
b) Traders Bank
c) SBI
d) Presidency Bank of India
15. The rates at which the RBI extends credit to the commercial bank is called –
a) Bank Rate
b) Reverse Repo Rate
c)Interest Rate
d) None of these
16. In which of the following is not the any element of monetary policy of RBI –
a) Bank rate
b) Open Market Operation
c) Public Expenditure
d) All of these
17. The head of the RBI is called as –
a) Governor of RBI
b) Chairman of RBI
c) Finance Head
d) Managing Director
18. Which of the following is the last lender of the last resort of commercial bank-
a) SBI
b) Union Govt.,
c) RBI
d) UTI
19. The RBI is agent of central government and of all state government except –
a) Bihar
b) Goa
c) Jammu and Kashmir
d) Mizoram
20. Raghuram G Rajan is RBI’s ________ Governor.
a) 23rd
b) 21st
c) 15th
d) 26th
21. The Banking Concept in India was first developed by –
a) British
b) French
c) Indian
d) None of these
22. The rate at which RBI gives short term credit to the commercial banks against government securities with buy back provision is called –
a) Bank Rate
b) Repo Rate
c) Reverse repo rate
d) Interest rate
23. The rate at which RBI takes loans from commercial banks is called –
a) Repo Rate
b) Reverse Repo Rate
c) Bank Rate
d) Interest Rate
24. At present the Reverse Repo Rate of RBI is –
a) 8.25
b) 7.25
c) 7.50
d) 6.75
25. Bank rate of RBI is also known as –
a) Interest Rate
b) Discount Rate
c) fed rate
d) bid rate
26. Which of the following is not the any element of quantitative credit control policy of RBI –
a) CRR
b) SLR
c) Selective credit control
d) open market operation.
27. At present CRR of RBI is –
a) 4%
b) 7.5%
c) 8.5%
d) none of these
28. At present SLR of RBI is –
a) 23%
b) 21.5%
c) 23.5%
d) none of these
29. The apex organization of Indian money market is –
a)SBI
b) SEBI
c) RBI
d) IRDA
30. If the cash reserve is lowered by RBI, what will be its effect on credit creation –
a) Decrease
b) Increase
c) No Change
d) None of these
31. The expansion of money supply of an economy depends on –
a) The policy of CRR
b) The bank rate policy
c) Open market operation
d) All of these
32. Among the following who are eligible to benefit from the Mahatma Gandhi National Rural Employment Guarantee Act? –
a) Adult Members of only the scheduled caste and scheduled tribe holders
b) Adult of below poverty line household
c) Adult members of household of all backward community
d) adult members of any rural household
33. Which of the following banks merged with Punjab national banks in 1993 –
a) New bank of India
b) Central Bank of India
c) Imperial Bank of India
d) Common bank of India
34. A currency, the exchange values of which is expected to remain stable due to strong performance by it’s economy. This currency is –
a) Soft Currency
b) Hot currency
c) Fiat currency
d) None of these (Hard Currency)
35. The Reserve Bank of India issues under the following note issue method? –
a) Proportional Reserve System
b) Minimum Reserve System
c) Maximum Reserve System
d) Fixed Fiduciary System
36. What is a Scheduled Bank? –
a) A bank having Rs 10 Crore deposits
b) A bank having Rs 100 Crore deposits
c) A bank having Rs 5 Crore deposits
d) A bank included in the second schedule of RBI act 1934.
37. How many languages are used on a Ten Rupee note? –
a) 2
b) 7
c) 10
d) 15
38. The place where bankers meet and settle their mutual claims and accounts is known as –
a) Treasury
b) Clearing House
c) Dumping House
d) Collection centre
39. The largest Public sector bank in India –
a) SBI
b) PNB
c) RBI
d) ICICI
40. Which of the following is not the function of RBI –
a) Banker’s bank
b) Banker to public
c) custodian of foreign exchange
d) Bankers to Govt.
41. Who is responsible for the collection and publication of monetary and financial information-
a) Finance Commission
b) Finance ministry
c) RBI
d) Auditor and Comptroller general of India
42. Which of the following regulatory authority to oversee the new issues, protect the investment and investors, promote the development of Capital Market and regulate the working of Stock Exchange –
a) UTI
b) IRDA
c) RBI
d) SEBI
43. After a long span of 22 years, RBI released Rs.1000/- currency note for circulation in –
a) 2000
b) 2002
c) 2005
d) 2008
44. Regional Rural banks are working in all states of the country except –
a) Sikkim and Goa
b) Sikkim and Manipur
c) Manipur and Nagaland
d) Jammu and Kashmir
45. The National Housing Bank is a subsidiary of –
a) RBI
b) NABARD
c) IDBI
d) UTI
46. At present the ceiling of Foreign Direct Investment (FDI)** in insurance sector in India is –
a) 26%
b) 49%
c) 51%
d) 74%
47. Rs. 25 Paisa was ceased by the Govt of India on –
a) 30th june 2011
b) 30th July 2011
c) 1st January 2011
d) 1st July 2011
48. Initial Public Offering (IPO) is associated with –
a) RBI
b) Stock Exchange
c) IRDA
d) Indian Postal Service
49. The Basic regulatory authority for mutual funds and stock markets lies with the –
a) Government of India
b) Reserve Bank of India
c) Securities and Exchange Board of India (SEBI)
d) Stock Exchange
50. Monetary policy Referes to the policy of –
a) Money Lenders
b) Government
c) Commercial Banks
d) RBI
