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
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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