Banking Awareness Quiz (Set – 29)

Mentor for Bank Exams
Banking Awareness Quiz (Set – 29)
1. Which of the following is not the name of a bank, functioning in India?
A) Central Bank of India
B) Aegon Religare                                      
C) United Bank of India
D) Dena Bank
E) Citi Bank
Answer: b)
2. 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
E) Bank of Baroda
Answer: a)
3. The primary function of a central co-operative bank is to
A) to channelize the flow of funds from the State cooperative banks
B) mobilize the resources in the district for financing its members to the maximum extent possible
C) Both of these
D) Only 2
D) None of the above
Answer: c)
4. Which of the following Bank in 2012 has celebrated it 30th year of continuous service?
C) Central Bank of India
Answer: d)
5. All regional rural banks (RRB’s) are required to maintain their entire statutory liquidity ratio (SLR) In
A) current accounts with sponsor banks
B) time deposits with sponsor banks
C) government and other approved securities
D) gold holdings only
E) All of the above
Answer: c)
6. The Regulatory Authority for Regional Rural Banks is
B) Central Government
C) State Government
D) Sponsor bank
E) All of the above
Answer: a)
7. Through which of the following the funds to the projects aided by the World Bank and the International Monetary Fund (IMF) are distributed?
A) Regional Branches of RBI
C) Integrated Rural Development Programme
D) Agriculture Refinance and Development Corporation
E) Ministry of Finance
Answer: d)
8. Which of the following conditions are required to be fulfilled by a Regional Rural Bank to be eligible for opening of new branches?
A) It should not have defaulted in maintenance of SLR and CRR during the last two years
B) Its net worth should show improvement and its net NPA ratio should not exceed 8 per cent
C) It should be making operational profits
D) Only (1) and (2)
E) All of the above
Answer: e)
9. Co-operation as a form of economic activity was formally recognized in India in the year 1904 when
A) Mahatma Gandhi inaugurated the first Indian cooperative bank
B) the first co-operative bank was established in Bombay
C) the first Co-operative Societies Act was passed
D) All of the above
E) None of the above
Answer: c)
10. Which of the following is NOT a part of India‘s Money Market?
A) Bill Market
B) Call Money Market
C) Banks
D) Mutual Funds
E) Indian Gold Council
Answer: e)
11. Under the Banking Regulation Act, 1949, which of following is not qualified to be called as banks in the co-operative sector?
A) Urban Co-operative Banks
B) Primary Agricultural Credit Societies
C) State Co-operative Banks
D) Central Co-operative Banks
E) All of the above
Answer: b)
12. On the current account balances maintained by the Regional Rural Banks with them, the commercial banks may
A) pay interest up to 9 per cent
B) pay interest at such rates as may be mutually agreed to
C) pay interest as applicable to savings accounts
D) waive incidental charges
E) All of the above
Answer: b)
13. Where is the headquarter of Asian Development Bank (ADB) located?
A) Manila
B) Singapore
C) Frankfurt
D) Bangkok
E) Kathmandu
Answer: a)
14. The headquarter of Bank of India is located in which of the following city?
A) Kolkata
B) New Delhi
C) Mumbai
D) Manipal
E) Chennai
Answer: c)