Banking Awareness Quiz for PO & Clerk Exam : Set 26 | GK Infopedia

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[1]Which state is called the ‗Cradle of Banking in India, as seven leading banks of India have originated from this state?
A. Gujarat
B. Karnataka
C. Maharashtra
D. West Bengal
Ans: Karnataka
Explanation : 0

[2]According to Reserve Bank of India Regulations, Universal Banks‖ are permitted to pick up stake in Payment Banks up to
A. 0.35
B. 0.25
C. 0.2
D. 0.3
Ans: 0.3
Explanation : 0

[3]Sovereign Gold Bond(SGB) will be tradable on
A. SEBI
B. RBI
C. NABARD
D. Stock Exchange
Ans: Stock Exchange
Explanation : 0

[4]Among the following which is NOT a source of funds of a commercial bank?
A. Deposits
B. Call money borrowings
C. Loans
D. Borrowing from RBI
Ans: Call money borrowings
Explanation : 0

[5]A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as
A. Off-shore Banking
B. Investment Banking System
C. Shadow Banking System
D. Conventional Banking
Ans: Shadow Banking System
Explanation : 0

[6]Rise in inflation rate leads to decline in
A. Interest rate
B. Raise in the deposits in the banks
C. Decrease the real interest rate
D. Raise the credit growth by banks
Ans: Decrease the real interest rate
Explanation : 0

[7]Pawan Kumar Bajaj is the MD and CEO of
A. United Bank of India
B. Dena Bank
C. Bank of Maharashtra
D. Allahabad Bank
Ans: United Bank of India
Explanation : 0

[8]When the Government of India cannot raise enough financial resources through taxation, it finances its expenditure through various means like borrowing from market, running down its balances with RBI etc. This can be exactly called as
A. Fiscal Deficit Financing
B. Deficit Financing
C. Capital Infusion
D. Restructuring
Ans: Deficit Financing
Explanation : 0

[9]Which of the following public sector banks has recently celebrated it centenary year?
A. Central Bank of India
B. Allahabad Bank
C. State Bank of India
D. Bank of Maharashtra
Ans: Allahabad Bank
Explanation : 0

[10]Find the odd man out when it comes to sanctioning of loans to a customer?
A. Borrowing
B. Lending
C. Advancing
D. Procuring
Ans: Procuring
Explanation : 0

[11]Which of the following Acts is specially launched to facilitate banks in recovery of bad loans?
A. RBI Act
B. Banking Regulation Act
C. SARFAESI Act
D. Companies Act
Ans: SARFAESI Act
Explanation : 0

[12]Which of the following organization / agencies has established a fund known as Investor Protection Fund?
A. RBI
B. SIDBI
C. Bombay Stock Exchange
D. Ministry of Finance
Ans: Bombay Stock Exchange
Explanation : 0

[13]Which of the following is the most active segment of the money market in India?
A. Commercial Paper(CP)
B. Certificate of Deposit(CD)
C. Call Money
D. All of the above
Ans: Call Money
Explanation : 0

[14]Expand the term FRBM?
A. Financial Responsibility and Business management
B. Fiscal Responsibility and Business management
C. Financial Responsibility and Budget Management
D. Fiscal Responsibility and Budget Management
Ans: Fiscal Responsibility and Budget Management
Explanation : 0

[15]The currency notes of which of the following denominations are not printed in India ?
A. Rs 5
B. Rs 10
C. Rs 50
D. Rs 2,500
Ans: Rs 2,500
Explanation : 0

[16]A Co-Operative Bank operating in different States is regulated by
A. State Co-Operative Societies Act
B. Banking Regulation Act
C. Multi Unit Co-Operative Societies Act
D. Banking Laws (applicable to Co-Operative Societies)
Ans: Multi Unit Co-Operative Societies Act
Explanation : 0

[17]Interest payable on savings bank accounts is?
A. Regulated by Central Govt
B. Regulated by RBI
C. Regulated by Finance Minister
D. De-regulated by RBI
Ans: De-regulated by RBI
Explanation : 0

[18]Largest shareholder (in percentage shareholding) of a Nationalized bank is ?
A. RBI
B. NABARD
C. LIC
D. Govt of India
Ans: Govt of India
Explanation : 0

[19]Who is having the major stakes in NABARD?
A. RBI
B. Central Government
C. SBI
D. Ministry of Finance
Ans: Central Government
Explanation : 0

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

[21]Which of the following payment instrument introduced by the banks is known as plastic money?
A. Bearer Cheques
B. Credit Cards
C. Demand Drafts
D. Gift cheques
Ans: Credit Cards
Explanation : 0

[22]What is the full form of CBS?
A. Cash Banking Solutions
B. Core Banking Solutions
C. Cash Balance Solutions
D. Capital Banking Solutions
Ans: Core Banking Solutions
Explanation : 0

[23]Who is the MD and CEO of Syndicate Bank?
A. Rakesh Sethi
B. Arun Shrivastava
C. Melwyn Oswald Rego
D. Mahesh Kumar Jain
Ans: Arun Shrivastava
Explanation : 0

[24]After the recommendations of which of the following committee the Regional Rural Banks were setup?
A. Sarayya Committee
B. Kapoor Committee
C. Narasimhan Committee
D. Rangarajan Committee
Ans: Narasimhan Committee
Explanation : 0

[25]In TRIPS, what does ‗I stand for?
A. Intellectual
B. Information
C. Indian
D. Infra
Ans: Intellectual
Explanation : 0



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