Banking Awareness Quiz for RBI Grade B

banking awareness
Ques 1.
Which of the following services is introduced recently by the Reserve Bank of India and SEBI in India for the first time ?
(a) Trading of Currency futures.
(b) Opening of NRI Accounts in Indian Currencies
(c) Foreign Direct Investment through participatory Notes(PNs) by the Foreign Institutional Investors.
A. Only 1
B. Only 2
C. Only 3
D. All of these

Ques 2.
Which of the following is NOT the part of the organized sector of Indian Money Market ?
(a) Mutual Funds
(b) Non-Banking Financial Campanies
(c) Unit Trust of India
(d) Chit Funds

Ques 3.
Which of the following banks has taken over the Centurion Bank of Punjab >
(a) ICICI Bank
(b) IDBI Bank
(c) HDFC Bank
(d) AXIS Bank

Ques 4.
The rate of interest on Savings Bank Account is stipulated by :
(a) The concerned bank
(b) RBI
(c) Indian Banks Association
(d) Government of India

Ques 5.
Many times we read a term CBS used in banking operation.What is the full form of the letter 'C' in the term 'CBS' ?
(a) Core
(b) Credit
(c) Continuous
(d) Complete

Ques 6.
The securities & Exchange Board of India ( SEBI) has asked all Flls to divulge the structure of their offshore entities .What purpose will it serve ?
(a) To identify if there is any flow of funds from some questionable sources
(b)To know how much money Flls are planning to invest in India in 2010-11.
(c) To forecast the possibility of any financial crisis in near future.
A. Only 1
B. Only 2
C. Only 3
D. All of these

Ques 7.
Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points.What is basis point ?
(a) Ten per cent of one hundredth point
(b) One hundredth of 1%
(c) One hundredth of 10%
(d) Ten per cent of 1000

Ques 8.
Which one of the following is/are implications (s) of large inflow of foreign exchange into the country ?
(a) It makes monetary management difficult for RBi.
(b) It creates money supply,asset bubbles and inflation.
(c) It weakens the competitiveness of Indian exports.
A. Only 1.
B. Only 2.
C. Only 3.
D. All of these

Ques 9.
Nowadays  we frequently read news items about "Dervatives" as used in the world of Finance and money market, which of the following statement (s) correctly describes what a derivative is and how if affects money/ finance market ?
(a) Derivatives enable individuals and companies to insure themselves agains financial risk.
(b) Derivatives are like fixed deposits in a bank and are the safest way to invest one's idle money lying in a bank.
(c) Derivatives are the financial instruments which were used in India even during the British Raj.
A. Only 3
B. Only 2 
C. Only 1
D. All of these

Ques 10.
The IMF and the world Bank were conceived as institutions to :
'(a) Strengthening international economic co-operation and to help create a more stable and prosperous global economy
(b) IMF promotes international monetary cooperation
(c) The World Bank promotes long term economic development and poverty reduction
(d) All of these

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