Banking Awareness Quiz for PO & Clerk Exam : Set 19 | GK Infopedia

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[1]To maintain price stability, while keeping in mind the objective of growth, RBI Act 1934 has been amended by the finance Act, 2016 to provide for a statutory and institutionalized framework for MPC. In this context, MPC stands for
A. Money Policy Committee
B. Monetary Prime Committee
C. Monetary Public Committee
D. Monetary Policy Committee
Ans: Monetary Policy Committee
Explanation : 0

[2]Leasing, hire purchase and bill discounting are the domain of
A. Non banking companies
B. Mutual funds
C. Commercial banks
D. Development banks
Ans: Non banking companies
Explanation : 0

[3]In primary and secondary markets dealer of Government securities is known as?
A. Ledger
B. Corporate bond dealer
C. Primary dealer
D. Secondary dealer
Ans: Primary dealer
Explanation : 0

[4]First state cooperative bank to have its own RuPay‖ ATM cum Debit Card is ?
A. HP
B. Bihar
C. AP
D. Rajasthan
Ans: HP
Explanation : 0

[5]Fixed deposits are for the bank in general
A. Fixed Asset
B. Time liability
C. Demand liability
D. Current Assets
Ans: Time liability
Explanation : 0

[6]The government has allowed issue of Long- Term Bonds for Insurance Companies and others upto:
A. 10 years
B. 15 years
C. 25 years
D. 30 years
Ans: 25 years
Explanation : 0

[7]The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form
A. Reserve Bank of India
B. Imperial Bank of India
C. Bank of India
D. Union Bank of India
Ans: Imperial Bank of India
Explanation : 0

[8]What does ‗I in IDBI stand for?
A. International
B. Indian
C. Investment
D. Industrial
Ans: Industrial
Explanation : 0

[9]How many Deputy Governors are there in RBI?
A. Three
B. Two
C. Four
D. Six
Ans: Four
Explanation : 0

[10]PJ Naik committee is related to
A. Refinancing weak banks
B. Licensing to private bank
C. Governance of bank boards
D. Privatization of nationalized banks
Ans: Governance of bank boards
Explanation : 0

[11]Credit cards are cards which are also known as
A. Plastic cards
B. Card money
C. Plastic cards full of money
D. All of the above
Ans: Plastic cards
Explanation : 0

[12] Name of the bank which first time introduce the merchant banking in India is:
A. Imperial Bank of India
B. Grindlays Bank
C. United Bank
D. London Bank
Ans: Grindlays Bank
Explanation : 0

[13]Which of the following is correct about ATM:
A. ATM is a computer which is dedicated to perform certain specific Jobs only
B. ATM is a user friendly machine and the customer does not require any training to use it
C. ATM is totally menu driven which displays instructions to the customers step by step for operating the same
D. All of the above
Ans: All of the above
Explanation : 0

[14]Which of the following is NOT required for opening a bank account?
A. Identity Proof
B. Address Proof
C. Recent Photographs
D. Domicile Certificate
Ans: Domicile Certificate
Explanation : 0

[15]New Bank of India was merged with which bank?
A. Bank of Baroda
B. PNB
C. Central Bank of India
D. SBI
Ans: PNB
Explanation : 0

[16]Currency notes issued by RBI are fully covered by:
A. Approved assets,
B. Gold
C. Foreign exchange
D. All of these
Ans: Gold
Explanation : 0

[17]Gilt – edged securities can be used to maintain
A. Repo Rate
B. CRR
C. Reverse Repo Rate
D. SLR
Ans: SLR
Explanation : 0

[18]The Headquarters of Capital Local Area Bank is situated in
A. Amritstar, Punjab
B. Ludhiana, Punjab
C. Bathinda, Punjab
D. Jalandhar, Punjab
Ans: Jalandhar, Punjab
Explanation : 0

[19]The tax payers data flows directly from banks to Tax Information Network (TIN). Who maintains TIN?
A. RBI
B. National Securities Depository Ltd.
C. National Securities Defense Ltd.
D. Enforcement Directorate
Ans: National Securities Depository Ltd.
Explanation : 0

[20]Which among the following is/are the different type(s) of category under priority sector?
A. Agriculture
B. Micro, Small and Medium Enterprises
C. Export Credit
D. All of the Above
Ans: All of the Above
Explanation : 0

[21]Which of the following is not included in govt. securities?
A. Promissory notes
B. Debentures
C. Bearer bonds
D. all
Ans: Debentures
Explanation : 0

[22]The maximum Statutory Liquidity Ratio to be maintained by banks is
A. 0.25
B. 0.3
C. 0.35
D. 0.4
Ans: 0.4
Explanation : 0

[23]A demand draft issued by one bank branch on another branch is legally—
A. Cheque
B. Promissory note
C. Delivery order
D. Supply bill
Ans: Promissory note
Explanation : 0

[24]An Asset Management Company is promoted for which of the following purposes?
A. To manage the assets of insurance company
B. To manage the funds of a mutual fund
C. To manage loans taken from other banks
D. To manage the assets of NBFCs
Ans: To manage the funds of a mutual fund
Explanation : 0

[25]Headquarters of Canara Bank located in
A. Bangalore
B. Hyderabad
C. Mumbai
D. Vadodara
Ans: Bangalore
Explanation : 0



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