Banking Awareness

Banking Awareness set 01:

1. Which of the following is not the Traditional function of RBI?
1) Issue of Currency Notes
2) Banker to the Government
3) Subsidies to people
4) Banker to Bank
5) None

2. Exchange Rate Management is the ………………… function of RBI.
1) Promotional
2) Elective
3) Ethical
4) Non-supervisory
5) Traditional

3. Which Paper Currency denomination not issued by RBI?
1) Rs.5
2) Rs.10
3) Rs.1
4) Rs.100
5) Rs.500

4. Currency issued by RBI (and also by government of India) is called ………….
1) Auction Tender
2) Trade Tender
3) Legal Tender
4) Bound Tender
5) None

5. On the RBI issued paper currency, who put the signature?
1) Deputy Governor, RBI
2) President of India
3) Prime Minister
4) Finance Secretary
5) Governor

6. Rs.1 paper currency issued by …………
1) RBI
2) SIDBI
3) Government of India
4) Indian Banks Association
5) All of above

7. Rs. 1 paper currency sign by ………..
1) Governor of RBI
2) Prime Minister
3) Finance Secretary
4) Finance Minister
5) IBA Chairman

8. Which Act conferred the monopoly on Government of India to issue currency notes, ending the issue of currency by presidency and private banks?
1) Paper Currency Act 1961
2) Paper Currency Act 1891
3) Paper Currency Act 1861
4) Paper and Coins Act 1861
5) None

9. Government of India issued the entire currency notes till ………….
1) establishment of State Bank of India
2) establishment of RBI
3) establishment of Ministry of Finance
4) establishment of Indian Banks Association
5) None

10. In which year the RBI first time issued Rs.5 Bank Note bearing the portrait of George VI?
1) 1935
2) 1936
3)1937
4) 1938
5) 1947

11.The denomination of any paper currency to be minted by RBI decides by …
1) State Bank of India
2) Indian Banks Association
3) Bank Chairman’s
4) Planning Commission
5) Government of India

12. As per the present rules, RBI can issue the paper currency denomination up to the value of ………….
1) Rs.10,000
2) Rs.20,000
3) Rs.50,000
4) Rs.40,000
5) None

13. First time Rs.1000 and Rs.10000 bank notes were demonetized in……..
1) 1946
2) 1957
3) 1949
4) 2000
5) 2001

14. In which year again the large value denomination bank notes Rs. 1000, Rs.5000 and Rs. 10000 were reintroduced?
1) 1957
2) 1969
3) 1965
4) 1954
5) 2000

15. Second time Rs. 1000 and Rs.10000 (also Rs.5000) demonetized in the year of …..
1) 1996
2) 2000
3) 1984
4) 1978
5) 2003

16. Who decides the volume and value of bank notes to be printed each year?
1) Ministry of Commerce and Trade
2) Finance Minister
3) RBI
4) EXIM bank
5) Leading Bank

17. Which NBFC got the permission from RBI to establish 9000 White Label ATMs in the coming 3 years?
1) Manappuram Finance
2) Mahendra Finance
3) Muthoot Finance
4) Sri Ram Finance
5) GMR Infra

18. Voluntary Compliance Encouragement scheme applicable to ……….
1) Sales Tax
2) Service Tax
3) Customs Duty
4) Excise Duty
5) None

19. Which Multi brand retail company was fined for $110 million for the breaking of environmental laws?
1) IKEA
2) BATA
3) Walmart
4) Forbes
5) None

20. DICCI SME Fund is India’s first ………..
1) Stock Exchange
2) RBI recent Inflation bond
3) SBI bond for the benefit of Small Scale Industries
4) SEBI registered fund for Dalits
5) None

21. In which following group/organization/summit India got observer status recently?
1) NAM
2) SAARC
3) UNESCO
4) Arctic Council
5) UNO

22. Thomas Cup 2014 host by India. It is an ………
1) International Badminton event for women
2) International Cricket event for women
3) International Squash event for women
4) International Athletics event for women
5) International Badminton event for men

23. ………….. has been granted the Associated Membership in ICC (International Cricket Council)
1) Pakistan
2) India
3) Afghanistan
4) West Indies
5) USA

24. India’s first tourist seaplane service launched in ………
1) Tamilnadu
2) AP
3) Sikkim
4) Kerala
5) None

25. 2014 Indian science congress summit to be held in …………
1) Andhra Pradesh
2) Jammu and Kashmir
3) UP 4) Rajasthan
5) West Bengal

26. Central government given nod to grant Tiger Reserve status to Rajaji National Park. It is in …………….
1) Tamilnadu
2) Karnataka
3) Uttarakhand
4) Jharkhand
5) Sikkim

27. Atal Bihari Vajapayee University to be established at …………
1) Bhopal
2) Chennai
3) Lucknow
4) Varanasi
5) New Delhi

28. In which bank recently, LIC purchased Rs.500 crore non-convertible bonds?
1) SBI

2) ICICI bank
3) Union Bank of India
4) United Bank of India
5) Dena Bank

29. Certificates of Deposit (CDs) were introduced in India in ………..
1) 1991
2) 1994
3) 1989
4) 2000
5) 2001

30. Certificates of Deposit is a ………
1) negotiable money market instrument or currency issued against funds deposited at a bank
2) negotiable money market instrument or a Promissory Note against funds deposited in NBFC
3) negotiable money market instrument or a Promissory Note against funds deposited at a bank
4) negotiable money market instrument issued by Stock Exchanges against the back drop of market
5) None

31. Certificate of deposit issued by banks except ………..
1) Public Sector Banks
2) Private Sector Banks
3) Regional Rural Banks
4) all of above
5) None

32. The minimum amount of Certificate of Deposit can be issued Rs …….. (In lakhs)
1) 5
2) 10
3) 2
4) 15
5) 1

33. Bank’s Certificate of Deposit maturity period minimum period is 7 days and maximum period is …………..(in years)
1) 5
2) 1
3) 4
4) 10
5) 7

34. Financial Institutions’ Certificate of Deposits minimum period is 1 year and maximum period is ………….. (in years)
1) 3
2) 2
3) 5
4) 7
5) 10

35. As per RBI order, whether loan can be granted against the Certificate of Deposit…
1) loan cannot be granted
2) loan can be granted
3) loan can be granted up to 50 % value
4) loan can be granted up to 75 % of value
5) None


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