Banking Awareness Quiz for PO & Clerk Exam : Set 56 | GK Infopedia

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[1]Where is the central office of Asian Development Bank?
A. Tokyo
B. Manila
C. London
D. Dhaka
Ans: Manila
Explanation : 0

[2]In the acronym WEF, ‗E stands for…..
A. Exchange
B. Eternal
C. Existence
D. Economic
Ans: Economic
Explanation : 0

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

[4]Federal Reserve is the central bank of :
A. USA
B. Japan
C. India
D. China
Ans: USA
Explanation : 0

[5]Which of the following term is not associated with economy?
A. GDP
B. Hindu Growth
C. PPP
D. LED
Ans: LED
Explanation : 0

[6]In which of the following cities, The Head Office of FICCI is located?
A. Hyderabad
B. Chennai
C. Kolkata
D. New Delhi
Ans: New Delhi
Explanation : 0

[7]The Lead Bank Scheme was introduced on the basis of recommendations of
A. Reserve Bank
B. NABARD
C. Study group appointed by National Credit Council under the chairmanship of Prof. D. R. Gadgil
D. SIDBI
Ans: Study group appointed by National Credit Council under the chairmanship of Prof. D. R. Gadgil
Explanation : 0

[8]The definition of Banking is given in
A. Negotiable Instrument Act. 1881
B. RBI Act, 1934
C. The Banking Regulation Act, 1949
D. The Indian Contract Act, 1872
Ans: The Banking Regulation Act, 1949
Explanation : 0

[9]The RIDF is a fund maintained by the National Bank for Agriculture and Rural Development (NABARD). What does the letter R‖ denote in the term RIDF?
A. Regional
B. Rural
C. Referral
D. Railway
Ans: Rural
Explanation : 0

[10]Which facility was set up by State bank of India on recommendation of Iyer Committee in 1991?
A. RTGS
B. NEFT
C. BANKNET
D. Rupaya
Ans: BANKNET
Explanation : 0

[11]PAN card issued by the income tax debapartment cannot be used for which of the following purpose?
A. Proof of identity
B. Proof of a registered tax payer
C. Proof of address
D. Proof of date of birth
Ans: Proof of a registered tax payer
Explanation : 0

[12]In the case of a demand draft
A. Drawer, drawee and payee are the same
B. Drawer, drawee and payee are different
C. Drawer and drawee are the same but he payee is different
D. Drawer and payee are the same but the drawee is different
Ans: Drawer and drawee are the same but he payee is different
Explanation : 0

[13]The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act as present is not applicable to -
A. Public sector banks
B. Private banks
C. Non- banking financial companies
D. Financial institutes of the government
Ans: Non- banking financial companies
Explanation : 0

[14]Head Office of the Asian Development Bank located in
A. Jakarta
B. Manila
C. Nairobi
D. Tokyo
Ans: Manila
Explanation : 0

[15]What is ‗STT?
A. Standard Transaction Tax
B. Securities Transaction tax
C. Securities Transfer tax
D. Standard Transfer tax
Ans: Securities Transaction tax
Explanation : 0

[16]Which among the following body authorizes the credit limit to the national cooperative marketing federation?
A. reserve bank of India
B. debapartment of agriculture
C. NABARD
D. debapartment of finance
Ans: NABARD
Explanation : 0

[17]Which among the following is NOT a subsidiary of RBI?
A. National Housing Bank
B. NABARD
C. Bharatiya Reserve Bank Note Mudran Private Limited
D. SIDBI
Ans: SIDBI
Explanation : 0

[18]High powered money is:-
A. banks reserves at central bank
B. all loans and advances of banks.
C. money held by banks.
D. currency held by public and reserves with the central bank.
Ans: banks reserves at central bank
Explanation : 0

[19]Closed Economy is one in which:
A. only export takes place
B. money supply is fully controlled
C. deficit financing takes place
D. neither export nor import takes place
Ans: neither export nor import takes place
Explanation : 0

[20]Which of the following is NOT a retail banking product?
A. Fixed deposit account
B. Working capital finance
C. Personal loan
D. Housing loan
Ans: Working capital finance
Explanation : 0

[21]Which of the following rates is not decided by the RBI?
A. Bank Rate
B. Repo Rate
C. Reverse Repo Rate
D. Prime Lending Rate
Ans: Prime Lending Rate
Explanation : 0

[22]The head of the SBI is designated as:
A. Executive director
B. Governor
C. Deputy Governor
D. Chairman
Ans: Chairman
Explanation : 0

[23]‗Which bank launched smart star account?
A. HDFC Bank
B. HSBC
C. ICICI Bank
D. IDBI Bank
Ans: ICICI Bank
Explanation : 0

[24]Regional Rural Banks are sponsored by
A. Nationalised Commercial Bank
B. Reserve Bank of India
C. State Bank of India
D. Government of India
Ans: Nationalised Commercial Bank
Explanation : 0

[25]Mixed economy means?
A. Co-existence of public and private sectors
B. Co-existence of rich and poor
C. Co-existence of small and large industries
D. Co-existence of wholesale and retail markets
Ans: Co-existence of public and private sectors
Explanation : 0



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