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Banking Awareness Quiz For Competitive Exams 2017


Banking Awareness Quiz For Competitive Exams 2017

Q1. India changed over to the decimal system of coinage in ?
A. April 1995
B. April 1957
C. April 1958
D. April 1959

Q2. The association of the Indian ruoee with the pound sterling was broken in which year ?
A. 1990
B. 1991
C. 1992
D. 1995

Q3. On july 12, 1982 the ARDC was merged into ?
C. EXIM Bank

Q4. Which of the following is the most appropriate cause of exports surplus ?
A. Country's export promotion value
B. Country's stringent import policy
C. Development in national and international market
D. High prices of product in other countries

Q5. If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to ?
A. increase it
B. decrease it
C. no impact
D. first decrease then increase

Q6. Which of the following items would not appear in a company's balance sheet ?
A. Value of stocks of raw materials held
B. Total issued capital
C. Revenue from sales of the company's balance sheet
D. All of these

Q7.The currency convertibility concept in its original form was originated in ?
A. Wells Agreement
B. Bretton Woods Agreement
C. Taylors Agreement
D. Hilton Young Agreement

Q8. In the state of India, the State Financial Corporation have given assistance mainly to develops ?
A. agriculture farms
B. cottage industry
C. large-scale industries
D. medium and small-scale industries

Q9. The first wholly Indian Bank was set up in ?
A. 1794
B. 1896
C. 1894
D. 1902

Q10. States earn maximum revenue through ?
A. land revenue
B. custom revenue
C. commercial taxes
D. excise duties on intoxicants

Q11. Which of the following is not viewed as a national debt ?
A. Provident Fund
B. Life Insurance Policies
C. National Savings Certificate
D. Long Term Government Bonds

Q12. The contribution of indirect taxes revenue is approximately ?
A. 70%
B. 75%
C. 80%
D. 86%

Q13. Debenture holders of a company are its ?
A. shareholders
B. creditors
C. debtors
D. directors

Q14. Our financial system has provided for the transfer of resources from the centre to the state; the important means of resource transfer are ?
A. tax sharing
B. grant in aids
C. loans
D. All of these

Q15. To co-operative credit societies have a ?
A. Two-tier structure
B. Three-tier structure
C. Four-tier structure
D. Five-tier structure

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