Banking Awareness Quiz for PO & Clerk Exam : Set 34 | GK Infopedia

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[1]What kind of Treasury Bills T-Bills) is/ are issued by State Government?
A. No Treasury Bills issued by State Government
B. Q) - days
C. 91 - days
D. 364 - days
Ans: No Treasury Bills issued by State Government
Explanation : 0

[2]Which of the following is foreign bank having offices/branches in India?
A. Yes Bank
B. HDFC Bank
C. IDBI Bank
D. Standard Chartered Bank
Ans: Standard Chartered Bank
Explanation : 0

[3]YES Bank recently deferred its $1-bn equity raising plan. The bank was panning to raise money through QIP, which means
A. Quantitative Institutional Placement
B. Qualitative Institutional Placement
C. Quintessential Institutional Placement
D. Qualified Institutional Placement
Ans: Qualified Institutional Placement
Explanation : 0

[4]Whose signature appears on Indian Rs. 100 note?
A. Finance Minister
B. RBI Governor
C. Finance Secretary
D. Chairman, Planning Commission
Ans: RBI Governor
Explanation : 0

[5]According to RBI guidelines the term ‗bulk deposit is used for single rupee term deposit of
A. Rs. 1 crore and above
B. Rs, 25 lakh and above
C. Rs, 75 lakh and above
D. Rs, 50 lakh and above
Ans: Rs. 1 crore and above
Explanation : 0

[6]Which of the following forms of securing a loans is the safest one?
A. Line
B. Assignment
C. Pledge
D. Hypothecation
Ans: Pledge
Explanation : 0

[7]On 4th September, 1993. a loss making nationalised bank was merged with Punjab National Bank by government of India. The name of the bank was
A. Lakshmi Was Bank
B. New Bank of India
C. Sangali Bank
D. State Bank of Saurashtra
Ans: New Bank of India
Explanation : 0

[8]Goods and services tax would replace which tax?
A. Custom duty
B. Excise duty
C. Value added tax
D. Service tax
Ans: Value added tax
Explanation : 0

[9]Banks generally borrow funds from which of the following money markets to meet the mandatory Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements as stipulated by the Central bank?
A. Notice Money Market
B. Call Money Market
C. Bill Market
D. Money Market
Ans: Call Money Market
Explanation : 0

[10]Which of the following is not the function of Payment bank?
A. Issue of ATM /Debit card
B. Issue of Credit Card
C. Accepts Deposits
D. Provides remittances
Ans: Issue of Credit Card
Explanation : 0

[11]The term
A. Depository
B. Instrument
C. Institutions
D. All of the above
Ans: Depository
Explanation : 0

[12]What is the full form of FATCA?
A. Forex Account Tax Compliance Act
B. Foreign Account Tax Compliance Act
C. Forex Account Total Compliance Act
D. Foreign Account Total Compliance Act
Ans: Foreign Account Tax Compliance Act
Explanation : 0

[13]The Head of the Reserve Bank of India is designated as the
A. Chief Executive Officer
B. Managing Director
C. Chief Banking Officer
D. None of these
Ans: None of these
Explanation : 0

[14]Which of the following sectors makes maximum contribution to the National Income of India?
A. Agriculture
B. Service
C. Industry
D. Both a) and c)
Ans: Service
Explanation : 0

[15]Demand deposits mean
A. Deposits withdrawable on demand by the depositor
B. Current deposits
C. Fixed deposits
D. Short deposits
Ans: Deposits withdrawable on demand by the depositor
Explanation : 0

[16]The logo of Bank of Baroda is known as—
A. Sun of Bank of Baroda
B. Baroda Sun
C. Bank of Baroda’s Rays
D. Sunlight of Bank of Baroda
Ans: Baroda Sun
Explanation : 0

[17]The proposed Universal Banks shall be governed by
A. Banking Regulation Act, 1949
B. Reserve Bank of India Act, 1934
C. Foreign Exchange Management Act, 1999
D. All of above Acts govern these banks.
Ans: All of above Acts govern these banks.
Explanation : 0

[18]The RBI has decided to stop circulation of the coin of which of the following denominations from June 2011 ?
A. 50 p.
B. Rs 1
C. Rs 2
D. 25 p.
Ans: 25 p.
Explanation : 0

[19]Expand FRBM.
A. Financial Responsibility and Budget Management
B. Fiscal Responsibility and Budget Maintenance
C. Fiscal Responsibility and Budget Management
D. Fiscal Risk and Budget Management
Ans: Fiscal Responsibility and Budget Management
Explanation : 0

[20]In which year does the Differential Rate of Interest Scheme was introduced?
A. 1972
B. 1982
C. 1978
D. 1988
Ans: 1972
Explanation : 0

[21]The first nationalisation of banks exercise was done on:
A. A. 19.07.1969
B. B. 19.07.1970
C. C. 19.07.1967
D. D. 15.08.1967
Ans: A. 19.07.1969
Explanation : 0

[22]When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called
A. Revenue Deficit
B. Budgetary Deficit
C. Zero Budgeting
D. Trade Gap
Ans: Budgetary Deficit
Explanation : 0

[23]A company which pools money from investors and invests in stocks, bonds, shares is called
A. A bank
B. An insurance company
C. Bancassurance
D. Mutual Fund
Ans: Mutual Fund
Explanation : 0

[24]On which one of the following issues IMF has supported monetary policy of India?
A. Introduction of GST.
B. Stimulus for agriculture sector
C. Concessions for foreign investment
D. Tightening of monetary policy
Ans: Tightening of monetary policy
Explanation : 0

[25]Which type of risk arises before a bank that trades in government securities?
A. Liquidity risk
B. Market risk
C. Credit risk
D. Trade risk
Ans: Market risk
Explanation : 0



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