Banking Awareness Quiz : Part 112

Banking Awareness Quiz
Ques 1.
The term '' Paper  Gold '' means :
(a)  paper currency fully backed by gold reserve
(b) paper currency partially backed  by gold  reserve
(c) international paper  currency  fully convertible into gold.
(d)special drawing rights of the IMF


Ques 2.
The previous name of state  Bank of  India was:
(a) National Bank of India
(b)Premier Bank of India
(c) Imperial Bank of India


Ques 3.
Reserve  Bank of India was nationalised  in :
(a) 1945
(b) 1949
(c) 1950
(d) 1955


Ques 4.
Prior to the establishment of the Reserve  Bank of India , the government banking business was conducted by :
(a) Bank of India
(b) Central Bank of India
(c) National Bank of India
(d) Imperial Bank of India


Ques 5.
Which of the  following is not a  general credit control measure:
(a) Bank rate 
(b) variable reserve ration
(c) open market  operation
(d) regulation of margin requirements on advance  against agricultural commodities 


Ques 6.
When was  the currency system in India converted into decimal system :
(a) From 1st April, 1957
(b) From 1st April, 1959
(c) From 1st April , 1961
(d) From 1st April, 1963


Ques 7.
Statutory cash reserve ratio for non- scheduled banks is regulated by the Reserve Bank of India under power conferred upon it by :
(a)Reserve Bank of India Act, 1934
(b) Banking  Regulation Act , 1949
(c) companies Act , 1956
(d) Union Ministry of finance 


Ques 8.
Which of the following is not a member  of the world Bank group :
(a) International Bank for Reconstruction and Development
(b) International Development Association
(c) Bank of International Settlement 
(d) International Finance Corporation 


Ques 9.
Kisan credit card can be  used for financing :
(a) production needs
(b) Consumption needs
(c) Both A and B
(d) None of these


Ques 10.
Who is the authorised  to sign ' one - rupee '  note ;
(a) Secretary , Ministry  of Finance 
(b) RBI Governor
(c) Primer  minister
(d) Finance Minister


Ques 11.
Nominee 's  Signature is to be obtained on :
(a) Account Opening form 
(b) Nomination Form 
(c) Speciman  Signature Card 
(d) Need not to be obtained 


Ques 12.
Who decide on 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


Ques 13.
Indian Banking Regulation Act  was passed in the year :
(A)  1971
(b) 1969
(c) 1949
(d) 1947


Ques 14.
Authorised, subscribed and paid up share capital of Reserve Bank of India is :
(a) 1 crore 
(b) 5 crore
(c) 50 crore
(d) 100 crore


Ques 15.
Cash Reserve Ratio in maintained in the form of :
(a) Government Securities 
(b) Balance with Reserve Bank of India 
(c) Balance  with State Bank of India 
(d) All of the above 

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