Banking Awareness Quiz for PO & Clerk Exam : Set 58 | GK Infopedia

Spread the love

[1]Which one of the following statements is correct regarding increase in the CRR in India?
A. It increases credit creation
B. It reduces credit creation
C. It does not affect credit
D. It denoted liberal monetary policy
Ans: It reduces credit creation
Explanation : 0

[2]Finance Ministry advised RBI to allow common ATMs to be owned and managed by Non Banking Institutions. Such ATMs are called:
A. NBFC ATMs
B. Off Site ATMs
C. Third baparty ATMs
D. White Label ATMs
Ans: White Label ATMs
Explanation : 0

[3]An average citizen cannot a savings account in which of the following?
A. Commercial Bank
B. Post office
C. Cooperative bank
D. RBI
Ans: RBI
Explanation : 0

[4]When it comes to unorganized sector, which among the following is not true?
A. Indigenous bankers
B. Money lenders
C. Chit funds
D. Cooperative bank
Ans: Cooperative bank
Explanation : 0

[5]The Imperial Bank of India was renamed as?
A. Reserve Bank of India
B. IDBI
C. Union Bank of India
D. State Bank of India
Ans: State Bank of India
Explanation : 0

[6]Electronic fund transfers like RTGS and NEFT are operated and maintained by
A. National Payments Corporation of India (NPCI)
B. Bharat Bill Payment System (BBPS)
C. Reserve Bank of India (RBI)
D. Clearing Corporation of India Limited (CCIL)
Ans: Reserve Bank of India (RBI)
Explanation : 0

[7]Merchant banking in India is governed by:-
A. SEBI
B. RBI
C. IRDA
D. ministry of finance
Ans: SEBI
Explanation : 0

[8]Which is the first Committee that gave its recommendations relating to Mechanization of Banking System?
A. Saraf Committee
B. Rangarajan Committee
C. Kishore Committee
D. Narsimhan Committee
Ans: Rangarajan Committee
Explanation : 0

[9]DICGC stands for -----
A. Demand insurance and Credit guarantee Corporation
B. Demand insured and Current guarantee Corporation
C. Deposit insured and Credit guarantee Corporation
D. Deposit insurance and Credit guarantee Corporation
Ans: Deposit insurance and Credit guarantee Corporation
Explanation : 0

[10]Which of the following is not classified as a commercial Bank ?
A. Regional Rural Bank
B. Private Sector Bank
C. Foreign Bank
D. Co-operative Bank
Ans: Co-operative Bank
Explanation : 0

[11]The National Stock Exchange (NSE) has selected who among the following as its new CEO and Managing Director?
A. Ashok Chawla
B. Subrato Das
C. Ashish Chauhan
D. Vikram Limaye
Ans: Vikram Limaye
Explanation : 0

[12]Which among the following is known as pre paid negotiable instrument?
A. Cheque
B. Promissory note
C. Bankers cheque/ Pay order
D. Fixed deposit
Ans: Bankers cheque/ Pay order
Explanation : 0

[13]In India, forex rates are determined by
A. Demand and supply forces
B. Importers
C. Ministry of commerce
D. Exporters
Ans: Demand and supply forces
Explanation : 0

[14]The main mandate of Payments Banks is to offer which of the following?
A. Lending services
B. Credit cards
C. Bancasurance service
D. Remittance services
Ans: Remittance services
Explanation : 0

[15]India Millennium deposit Scheme was introduced by
A. ICICI
B. SBI
C. Axis
D. IOB
Ans: SBI
Explanation : 0

[16]When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as
A. Internet banking
B. Universal banking
C. Virtual Banking
D. Wholesale banking
Ans: Universal banking
Explanation : 0

[17]IPPBL has received the Certificate of Incorporation from the Registrar of Companies and has become the first PSU under the Debapartment of posts. What is the full form of IPPBL?
A. India Post Paying Bank Limited
B. India Post Payments Bank Limited
C. India Post-Office Payments Bank Limited
D. International Post Payments Bank Limited
Ans: India Post Payments Bank Limited
Explanation : 0

[18]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

[19]What does I‖ stand for in ULIP?
A. Investment
B. Inflation
C. Insurance
D. Instrument
Ans: Insurance
Explanation : 0

[20]Which of the following terms is NOT used in the field of banking?
A. Moral Suasion
B. Assignment
C. NAV
D. Knot
Ans: Knot
Explanation : 0

[21]Which among the following is short term borrowings for any firm?
A. Debentures
B. Shares
C. Long term loans availed from banks
D. Sundry creditors
Ans: Sundry creditors
Explanation : 0

[22] assumed charge as the Minister of State for Micro, Small & Medium Enterprises (MSME) on 11th November 2014.
A. Gopal Singh
B. Veerabhadra Singh
C. Manoj Tiwari
D. Giriraj Singh
Ans: Giriraj Singh
Explanation : 0

[23]When RBI reduce the CRR it results into
A. Increase in lendable resources
B. Decrease in lendable resources
C. Increase in deposit
D. Decrease in deposit
Ans: Increase in lendable resources
Explanation : 0

[24]A tradition of trust is the tagline of
A. Bank of Maharashtra
B. Syndicate Bank
C. Allahabad Bank
D. Andra Bank
Ans: Allahabad Bank
Explanation : 0

[25]India has emerged as the worlds
A. Fifth
B. Seventh
C. First
D. Third
Ans: Third
Explanation : 0



Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *