Banking and Financial Awareness - Part 25

Daily Banking and Financial Awareness Quiz - Part 25

Effective For SBI PO - IBPS PO - Bank Exams - Insurance Exams

Dear Reader, 

As SBI PO/CLERK, IBPS PO/CLERK Prelims & Mains Exams is scheduled tentatively in the month of May to December. Start daily practice for your upcoming Banking Exams.  It will help you to boost your score. In this section you will get daily 15 questions in the form of Multiple Choice Questions (MCQs).

Q1.Banks in India are governed by BR Act, 1949. What does BR stand for ?
A. Banks Regulation
B. Banking Re-organization
C. Banking Regulation
D. Banking Rights
E. None of these


Q2.Which of the following is the first universal bank established in India ?
A. IDBI Bank Limited
B. Reserve Bank of India
C. ICICI Bank LImited
D. HDFC
E. None of these


Q3.Which of the following types of institutions operate in call money market as lender ?
A. Primary dealers
B. SBI
C. Commercial banks
D. Insurance companies
E. None of these


Q4.As per the information provided by the RBI Deputy Governor K.C. Chakrabarty recently, how many out of 600,000 village in India have bank branches ?
A. 40,000
B. 50,000
C. 60.000
D. 80,000
E. None of these


Q5.Which of the following book is written by Ashutosh ?
A. Zohra Sehgal: Fatty
B. The Immortals
C. Anna: 13 Days that Awakened India
D. Satanic Verses
E. None of these


Q6.'Refund Banker Scheme' has been launched by ?
A. IBA
B. SEBI
C. RBI
D. Income tax
E. LIC


Q7.State Bank of India's new floating rate is directly linked to ?
A. Base rate
B. BPLR
C. Bank rate
D. Inflation rate
E. None of these


Q8.Which of the following rates are not directed by Reserve Bank of India?
A. CRR
B. SLR
C. Repo rate
D. Base rate
E. None of these


Q9. In banking, we most of the time across a term dichotomy, what does it mean?
A. existence of two markets
B. existence of only one market
C. existence of more than three markets
D. existence of more than four markets
E. None of these


Q10.RBI does not transact the business of which of the following State Government ?
A. Nagaland
B. Delhi
C. Jammu and Kashmir
D. Sikkim
E. None of these


Q11.Which of the following organizations is established mainly to promote micro, small and medium industrial sector in India ?
A. NABARD
B. SIDBI
C. IDBI
D. EXIM BANK
E. None of these


Q12.Which among the following is not an economist ?
A. Amartya Sen
B. Montek Singh Ahluwalia
C. Salman Khurshid
D. D.V. Subbarao
E. P. Chidambaram


Q13.The national housing bank is a subsidiary of ?
A. RBI
B. NABARD
C. SBI
D. IFCI
E. None of these


Q14. In case demand draft is issued, the liability of the bank will be?
A. Demand liability
B. Time liability
C. Current liability
D. Long term liability
E. None of these


Q15.Commercial paper was introduced in India in ?
A. 1995
B. 1992
C. 1990
D. 1991
E. None of these