Banking Awareness Quiz (Set - 20)

Mentor for Bank Exams
Banking Awareness Quiz (Set - 20)
1. Reserve Bank of India was nationalised in?
a) 1945
b) 1949
c) 1950
d) 1955
e) None of these
Answer: b)
2. Which of the following is the most liquid money?
a) M1
b) M2
c) Securities
d) M3
e) Call Money
Answer: a)
3. Who decides the value and volume of bank notes to be printed and on what basis?
a) Finance Ministry
b) Planning Commission
c) RBI
d) Stock Exchange
e) None of these
Answer: c)
4. What is the purpose of KYC in banking?
a) It is used for customer identification
b) It is used for increasing the CRR of banks
c) It is used against money laundering
d) It is used by the central bank to control liquidity
e) Both (a) and (c)
Answer: e)
5. Which of the following is not a member of the World Bank Group?
a) International Bank of Reconstruction and Development
b) International Development Association
c) Bank of International Settlement
d) International Finance Corporation
e) None of these
Answer: c)
6.Which of the following types of cards is free from credit risk?
a) Credit card
b) Debit card
c) Prepaid cards
d) Charge cards
e) Both (c) and (d)
Answer: b)
7. Pledge means?
a) advance against goods
b) open working capital limits
c) bailment of goods as security for payment of a debt or performance of a promise
d) all of the above
e) none of these
Answer: c)
8. Inflation refers to a fall in the value of money.
Which of the following is the key measure of inflation in india?
a) Consumer price index
b) Wholesale price index
c) Personal consumption expenditures price index
d) GDP Deflator
e) All of the above
Answer: b)
9. The largest number of commercial banks offices are located in?
a) Karnataka
b) Maharashtra
c) Tamil Nadu
d) Uttar Pradesh
e) None of these
Answer: d)
10. A financial contract that derives its value from another asset or an index of asset values in known as_____________
a) Insurance policy
b) Security
c) Derivative
d) Share
e) None of the above
Answer: c)
11. Which of the following co-operative banks is considered as the first Co-operative Bank in India?
a) Amanath Co-operative Bank Ltd
b) Anyonya Co-operative Bank
c) Greater Bombay Co-operative Bank Ltd
d) Abhyudaya Co-operative Bank Ltd
e) None of these
Answer: b)
12. In India Agricultural Co-operative Banks was started at_________.
a) 1929
b) 1950
c) 1904
d) 1980
e) 1975
Answer: c)
13. Co-operative Banks in India are registered under__________.
i) Banking Laws (Co-Operative Societies) Act, 1965
ii) Banking Regulation Act, 1949.
iii) Companies Act, 1956.
a) Only i)
b) i) and ii)
c) ii) and iii)
d) i), ii) and iii)
e) None of these
Answer: a)
14. According to the Sarraya Committee, average membership of the society’s is______.
a) 19
b) 48
c) 25
d) 32
e) 45
Answer: d)
15. Monetary Policy as an arm of the economic policy is administered by_______.
a) Prime Minister of India
b) Government of India
c) State Bank of India
d) Reserve Bank of India
e) None of these
Answer: d)
16. Co-Operative Development Bank was set up by__________.
b) RBI
c) SBI
d) Central Government
e) State Government
Answer: a)
17. Co-Operative Banks in India do not finance rural areas under_______.
a) Personal Finance
b) Small Scale Unit
c) Farming
d) Cattle
e) None of these
Answer: b)
18. Co-Operative Bank in India has a________.
a) Four tier system
b) Two tier system
c) Three tier system
d) Five tier system
e) Six tier system
Answer: c)
19. Which of the following statements is TRUE about National Federation of State Co-Operative Banks?
a) Provides research and consultancy inputs to the member banks
b) Promotes and protects the interests of the member banks
c) Provides a common forum to the member banks
d) All of the above
e) None of these
Answer: d)
20. The State Co-Operative Bank, being the Apex Bank at the State level______.
a) Provides the link between the RBI and the money market on one hand, and the entire cooperative credit structure on the other
b) Acts as the custodian of the surplus resources and the reserves of the Central Co-operative Banks and supplements them by attracting sizeable deposits and by obtaining loans from RBI.
c) Operates as balancing centre for the movement of the resources in the entire state
d) All of the Above
e) None of these
Answer: d)