Banking Awareness Quiz for PO & Clerk Exam : Set 28 | GK Infopedia

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[1]Which of the following is a stipulation under the Basel III norms?
A. The total minimum capital adequacy ratio to be 9%
B. Banks to maintain an overall minimum capital adequacy ratio of 11.5%
C. Banks to reach the minimum capital adequacy ratio of 11.5% by 31st March, 2018
D. Banks to maintain a capital adequacy ratio of 10% by 2013
Ans: Banks to reach the minimum capital adequacy ratio of 11.5% by 31st March, 2018
Explanation : 0

[2]The primary relationship between the banker and the customer is that of
A. Trustee and beneficiary
B. Debtor and creditor
C. Principal and agent
D. Lessor and lessee
Ans: Debtor and creditor
Explanation : 0

[3]Currency Chest is the property of
A. SBI
B. Government of India
C. RBI
D. CSO
Ans: RBI
Explanation : 0

[4]Who amongst the following has suggested to the banks in India to give details of fund transfers to customers via SMS/E-mails?
A. Reserve Bank of India (RBI)
B. India Banks Association (IBA)
C. Indian Institute of Banking and Finance
D. Securities and Exchange Board of India
Ans: Reserve Bank of India (RBI)
Explanation : 0

[5]AER stands for
A. Average Equivalent rate
B. Annual Equivalent Rate
C. Appropriate Equivalent Rate
D. Approximate Equivalent Rate
Ans: Annual Equivalent Rate
Explanation : 0

[6]What is the most powerful tool used by the Reserve Bank of India to control inflation?
A. Raise interest rates
B. Raise current supply
C. Reduce current supply
D. Reduce interest rates
Ans: Raise interest rates
Explanation : 0

[7]While discussing investments there is mention of short term government security. What is this type of investment known as
A. Debenture
B. Share
C. Mutual Funds
D. Treasury Bill
Ans: Treasury Bill
Explanation : 0

[8]Which of the following banks was first to establish merchant banking business in India?
A. ABN Amro Bank
B. Citibank
C. HDFC Bank
D. Grindlays Bank
Ans: Grindlays Bank
Explanation : 0

[9]Which of the following is/are the subsidiaries of RBI?
A. DICGC
B. NHB
C. NABARD
D. All of these
Ans: All of these
Explanation : 0

[10]260)Union Budget which is presented every year in the parliament is also known as
A. Annual Budget
B. Common Budget
C. General Budget
D. Finance Report of the year
Ans: General Budget
Explanation : 0

[11]273)Where is the headquarter of Asian Development Bank (ADB) located?
A. Manila
B. Singapore
C. Frankfurt
D. Bangkok
Ans: Manila
Explanation : 0

[12]RBI was established on
A. 45748
B. 12875
C. 16528
D. 20180
Ans: 12875
Explanation : 0

[13]Which of the followings can be used for Current Account Deficit financing?
A. FII only
B. FDI only
C. ECB only
D. All FII, FDI and ECB
Ans: All FII, FDI and ECB
Explanation : 0

[14]As per RBI statement, the proposed Universal Bank shall have a minimum net worth of
A. Rs. 500 crore
B. Rs. 100 crore
C. Rs. 50 crore
D. Rs. 10 crore
Ans: Rs. 500 crore
Explanation : 0

[15]Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements as measures of credit control are classified as :-
A. quantitative methods
B. qualitative methods
C. weighted average method
D. both 1 and 2
Ans: quantitative methods
Explanation : 0

[16]What is the full form of ECB?
A. Extra Commercial Banking
B. Extra Commercial Borrowings
C. External Commercial Borrowings
D. All of the above
Ans: External Commercial Borrowings
Explanation : 0

[17]NAMA word is related to which organisation ?
A. World Trade Organisation
B. UNCTAD
C. International Monetary Fund
D. World Bank
Ans: World Trade Organisation
Explanation : 0

[18]The India post Payments Bank (IPPB) launched its operations recently. The paid-up equity of the IPPB is
A. Rs. 500 cr
B. Rs. 800 cr
C. Rs. 1000 cr
D. Rs. 1200 cr
Ans: Rs. 800 cr
Explanation : 0

[19]When the banker talks about CDR, what is he talking about?
A. Corporate Debt Restructuring
B. Corporate Debt Roll over
C. Company Debt Roll over
D. Corporate Deposit Restructuring
Ans: Corporate Debt Restructuring
Explanation : 0

[20]National Housing Bank(NHB) was set up under
A. National Housing Bank Act, 1987
B. National Housing Bank Act, 1977
C. National Housing Bank Act, 1967
D. National Housing Bank Act, 1957
Ans: National Housing Bank Act, 1987
Explanation : 0

[21] Which among the following is correct about slogans of different banks:
A. State Bank of Travancore - A Long Tradition of Trust
B. Syndicate Bank - Your Faithful and Friendly Financial bapartner
C. UCO Bank - Honours Your Trust
D. All of The Above
Ans: All of The Above
Explanation : 0

[22]Director General of Foreign Trade is working under
A. Ministry of Finance
B. Ministry of Commerce
C. Ministry of External Affairs
D. Reserve Bank of India
Ans: Ministry of Commerce
Explanation : 0

[23]The BFSs board member are appointed for term of :
A. 2 years
B. 3 years
C. 4 years
D. None of These
Ans: 2 years
Explanation : 0

[24]Interest on saving bank account is now calculated by banks on
A. Minimum balance during the month
B. Minimum balance from 7th to last day of the month
C. Minimum balance from 10th to last day of the month
D. Daily product basis
Ans: Daily product basis
Explanation : 0

[25]The CRR and SLR maintenance is on the
A. NDTL
B. DTL
C. Total Deposits
D. CASA
Ans: NDTL
Explanation : 0



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