Banking Awareness Prayaas Test Sheet 1

10 Questions | Total Attempts: 26

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Banking Awareness Prayaas Test Sheet 1


Questions and Answers
  • 1. 
    When was Reserve Bank of India (RBI) Nationalized?
    • A. 

      1935

    • B. 

      1937

    • C. 

      1949

    • D. 

      1950

  • 2. 
    Who is the current RBI Governor?
    • A. 

      Lakshmi Kant Jha

    • B. 

      Manmohan Singh

    • C. 

      Urjit Patel

    • D. 

      Shaktikanta Das

  • 3. 
    The section 19 of the Reserve Bank of India Act, 1934 states that the Reserve Bank of India has been prohibited from?
    • A. 

      Making loans or advances

    • B. 

      Drawing  or accepting  bills payable  otherwise than on demand

    • C. 

      Allowing interest on deposits or current accounts

    • D. 

      All of the above

  • 4. 
    In terms of Section 24 of the Reserve Bank of India Act, 1934, the Reserve Bank of India may issue bank notes for the maximum denomination of?
    • A. 

      500 rupees

    • B. 

       5000 rupees                 

    • C. 

      10000 rupees

    • D. 

      1000 rupees

  • 5. 
    As per newspaper reports, inflation in India and China were at a very high level. In such a situation the Central Banks of these countries are required to follow?
    • A. 

      A more liberal credit policy

    • B. 

      Create an atmosphere of easy liquidity in the market

    • C. 

      A very tight credit policy

    • D. 

      None of the above

  • 6. 
    Reserve Bank of India is the lender of the last resort to scheduled commercial banks because
    • A. 

      The parties can approach R B I when their limits are exhausted

    • B. 

      They are not able to get loans from other banks

    • C. 

      R B I meets directly or indirectly all their reasonable demands for financial accommodation subject to certain terms and conditions which constitute its discount rate policy

    • D. 

      None of the above

  • 7. 
    Who introduced the Banking Ombudsman Scheme ?  
    • A. 

      RBI

    • B. 

      SIDBI

    • C. 

      SBI

    • D. 

      ICICI

  • 8. 
    The Imperial Bank of India, after its nationalization came to be known as
    • A. 

      State Bank of India

    • B. 

      Reserve Bank of India

    • C. 

      United Bank of India

    • D. 

      Indian Overseas Bank

  • 9. 
     Which of the following banks was inaugurated by Mahatma Gandhi in 1919?
    • A. 

      Bank of Maharashtra

    • B. 

      Bank of Baroda

    • C. 

      State Bank of Saurashtra

    • D. 

      Union Bank of India

  • 10. 
    Which of the following is the apex institution which handles refinance for agriculture and rural development in India?
    • A. 

      RBI

    • B. 

      SIDBI

    • C. 

      NABARD

    • D. 

      SEBI

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