Important Banking Awareness Questions for Upcoming Exams 2017 Set-154:
Dear Readers, The List of important Banking Awareness Quiz for upcoming exams was given here. Candidates those who are preparing for the exams can use this.
1). A rise in the reserve ratio of banks ______?
a) Will lead to an increase in the money supply
b) Will lead to a proportionate increase in the money supply
c) Will lead to a decrease in the money supply
d) Will have no impact on money supply
e) None of the above
Answer: c)
2). Headquarters of Indian Bank in ________?
a) Chennai
b) Mangalore
c) Mumbai
d) New Delhi
e) none of these
Answer: a)
3). Devaluation of money means
a) Decrease in the internal value of money
b) Decrease in the external value of money
c) Decrease in the internal and external value of money
d) The government takes back currency notes of any denominations
e) None of these
Answer: b)
4). What is the full form of POPs?
a) Presence of Point
b) Points of Private
c) Presence of Presence
d) Points of Presence
e) Points of Public
Answer: d)
5). Savings bank accounts are generally opened by
a) firms
b) companies
c) association of persons
d) individuals
e) none of these
Answer: a)
6). Which of the following is the authority for effecting changes in the Cash Reserve Ratio and Statutory Liquidity Ratio?
a) Reserve Bank of India
b) Indian Bank’s Association
c) Government of India
d) IDBI
e) None of the above
Answer: d)
7). Which of the following is Annuity Service Provider?
a) Life Insurance Companies
b) Public Sector Banker
c) Private Sector Banks
d) NBFCs
e) None of these
Answer: a)
8). A commercial bank law creates credit only if it has
a) Cash in the vault
b) Excess reserves
c) Permission of Reserve Bank of India
d) Cooperation of other banks
e) None of these
Answer: a)
9). Group of people such as workers who pool their money together for savings and to make loan is called a/an ___________
a) Public Union
b) Credit Union
c) Labour Union
d) Cooperative Union
e) None of these
Answer: b)
10). Which of the following is the Statutory Liquidity ratio (SLR), at present?
a) 10%
b) 21.5%
c) 20.50%
d) 24%
e) 33%
Answer: c)
Answer Key:
1).c 2).a 3).b 4).d 5).a 6).d 7).a 8).a 9).b 10).c
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