Thursday 19 February 2015

BANKING AWARENESS QUIZ

1.Who works as RBI's agent at places where it has no office of its own?
1. State Bank of India
2. Ministry of Finance
3. Government of India
4. International Monetary Fund
5. Ministry of commerce and Trade


2. Which of the following is true about the functions performed by RBI - 
(i) It is the Bank of Issue
(ii) It acts as banker to the Government
(iii) It is the banker of other banks
(iv) It regulates the flow of credit
1. Both (i) and (ii)
2. Both (iii) and (iv)
3. All the Above
4. None of the above
5. Both (i) and (iii)

3. Which among the following is incorrect?
1. RBI is the Bank of Issue
2. RBI acts as Banker to the Government
3. RBI is Banker's Bank
4. RBI does not regulate the flow of credit--
5. None of these

4. India is a member of the International Monetary Fund since _____.
1. 1934
2. 1935
3. 1947
4. 1949
5. 1953

5. Which of the following is true about the restrictions on RBI?
(i) It is not to compete with the commercial banks. 
(ii) It is not allowed to pay interest on its deposits. 
(iii) It cannot engage directly or indirectly in trade. 
(iv) It cannot acquire or advice loans against immovable property. 
(v) It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security.
1. only (i),(ii),(iii), and (iv)
2. only (v)
3. all the above
4. none of the above
5. both (ii) and (iii)

6. When did the Reserve Bank of India notify the draft regulations relating to the Credit Information Companies (Regulation) Act, 2005?
1. April 5, 2006
2. May 26, 2006
3. June 29, 2007
4. September 30, 2005
5. October 30, 2002

7. When did the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) publish?
1. April 5, 2006
2. May 26, 2006
3. June 29, 2007
4. September 30, 2005
5. June 25, 2002

8. When did the Centre acquire the Reserve Bank of India's entire 59.73% equity stake in the State Bank of India (SBI) at over Rs. 35,531 crore in New Delhi?
1. April 5, 2006
2. May 26, 2006
3. June 29, 2007
4. September 30, 2005
5. June 02, 2000

9. According to which guidelines did the Government pick up the entire SBI shares held by the RBI?
1. National Stock Exchange of India
2. Securities Commission
3. Financial Regulations
4. Securities and Exchange Board of India (SEBI)
5. IRDAI

10. The performance of which scheme does the National Housing Bank monitor?
1. Liberalized Finance Scheme
2. Golden Jubilee Rural Housing Finance Scheme
3. Energy Efficient Housing Finance Scheme
4. Finance scheme for indirect loans
5. None of above

11. When did the National Bank of Agriculture and Rural Development establish?
1. July, 1982
2. July, 1969
3. June, 1951
4. June, 1961
5. June, 1955

12. When did the government acquire RBI's shareholding (72.5%) in NABARD?
1. May, 2008
2. June, 2008
3. August, 2008
4. March, 2009
5. July, 2007

13. The duration of fund raising from the commercial banks to the extent of RIDFs shortfall in agricultural lending is _________.
1. daily
2. weekly
3. monthly
4. yearly
5. Quarterly

14. When did the Government of India set up the Export-Import Bank of India?
1. January, 1982
2. January, 1993
3. March, 1971
4. June, 1969
5. March 1976

15. The main objectives of the Export-Import Bank (EXIM Bank) are:
(i) to ensure an integrated and coordinated approach to solving the problems of exporters
(ii) to provide special attention to capital goods export and export of technical services
(iii) to tap domestic and overseas markets for resources, undertake development and finance activities in the areas of exports.
(iv) to provide financial assistance to the exporters and importers and act as the principal financial institution for coordinating the working of other institutions engaged in financing exports and imports.
(v) to provide refinance facilities to commercial banks and financial institutions against their export-import financing activities

1. both (i) and (ii)
2. only (iii), (iv), and (v)
3. All the above
4. None of the above
5. Both (ii) and (iv)

16. Which movement encouraged the formation of commercial banks?
1. Swadeshi movement
2. Quit India Movement
3. Non Cooperation Movement
4. Civil Disobedience Movement
5. None of these


17. When did the Government of India appoint a committee under the chairmanship of Shri M.Narasimham to strengthen the banking system?
1. May, 2006
2. April, 1998
3. December, 1997
4. September, 2005
5. March, 2002

18. Which is the largest commercial bank of the country?
1. Bank of India
2. Canara Bank
3. State Bank of India
4. Union Bank of India
5. Bank of Baroda

19. When did the National Housing Bank start its operations?
1. July, 1982
2. July, 1988
3. April, 1980
4.  March, 1971
5. April, 1992

20. The RBI sanctioned the amalgamation of the Centurion Bank with the HDFC Bank on ______.
1. May 23, 2008
2. August 13, 2008
3. June 30, 2009
4. March 31, 2009
5. April 12, 20008

Answers
1.A
2.C
3. D
4.C
5. C
6. A
7. B
8. C
9. D
10. B
11. A
12. B
13. D
14. A
15.C
16.A
17. C
18. A
19. B
20. B

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