1. Proportional Reserve System was replaced in 1956 by Minimum of Foreign Reserve System. It means....
1) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 115 Cr. of gold and Rs. 400 Cr. of foreign securities must be maintained.
2) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 115 Cr. of gold and Rs. 400 Cr. Dollars must be maintained.
3) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 400 Cr. of gold and Rs. 115 Cr. of foreign securities must be maintained.
4) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in which Rs. 200 Cr. of gold and Rs. 315 Cr. of foreign direct investments.
5) RBI to hold assets minimum of Rs. 515 crores worth of foreign reserves in any mode.
2. 1956 Minimum of Foreign Reserve System of RBI was diluted in 1957. It says .....
1) RBI should maintain Rs. 115 crore worth of Gold.
2) RBI should maintain Rs. 150 crore worth of Gold and Rs. 450 Cr. worth of Government bonds.
3) RBI should maintain Rs. 1000 Cr. worth of Gold or Rs. 1000 crore worth of Government securities.
4) RBI should maintain Rs. 100 Cr. worth of Gold or Rs. 1000 crore worth of foreign securities.
5) RBI need not maintain any worth of Gold or Government securities.
3. Currency paper is composed of ......
1) Flax seed pulp
2) Soya seed pulp
3) Cotton and cotton rag
4) Jute
5) None
4. Who determines the denominations of Paper currency?
1) RBI
2) Ministry of Commerce
3) Government of India
4) Deputy Governor
5) None of above
5. To cancel the disadvantages of Paper Currency Plastic currency mooted. Which is the first country to mint Plastic money?
1) India
2) New Zealand
3) China
4) Spain
5) Australia
6. India moots to mint ........ rupee plastic money first?
1) 5
2) 2
3) 100
4) 10
5) 500
7. In the five cities/ towns, the Rs. 10 plastic paper currency to be introduced for the valuation of up to Rs. 100 crores. They are Kochi, Mysore, Bhubaneswar, Jaipur and....
1) New Delhi
2) Hyderabad
3) Visakhapatnam
4) Shimla
5) Pune
8.Virtual Currency is .....
1) coins
2) Bit coin
3) Rs. 1000 currency note
4) Rs. 1 coin
5) None
9. Bit coin invented by ........
1) John Shepherd - Barron
2) Satoshi Nakamoto
3) Tim Berners-Lee
4) Charles Babbage
5) None of above
10. Who has the sole right to mint coins in India?
1) RBI
2) MMTC
3) Government of India
4) SBI
5) Department of Post
11. Palatana Power Plant is situated in which of the following States?
1) Jharkhand
2) Chhattisgarh
3) Tripura
4) West Bengal
5) Assam
12. Which bank has launched ‘Bank Aap Ki Muththi Mein’ a mobile banking initiative, in December 2014?
1) ICICI Bank
2) Yes Bank
3) Axis Bank
4) HDFC Bank
5) None of these
13. With effect from 2014 December29, the Real Time Gross Settlement (RTGS) business hours on week days have been increased to?
1) 10 hours
2) 9 hours
3) 12 hours
4) 11 hours
5) 8 hours
14. Which private bank launched India’s first credit card with a transparent design in December 2014?
1) ICICI Bank
2) HDFC Bank
3) Axis Bank
4) Yes Bank
5) Karur Vysya Bank
15. A government constituted task force has suggested creation of a Postal Bank of India (PBI). The task force is headed by?
1) Ravindra Dholakia
2) G. N. Bajpai
3) T.V. Mohandas Pai
4) T.S.R. Subramanian
5) Rakesh Garg
16. India defeated which of the following teams in the final to win the men’s World Cup Kabaddi in December 2014?
1) Bangladesh
2) Pakistan
3) Sri Lanka
4) Nepal
5) China
17. Which country won the women’s World Cup Kabaddi in December 2014?
1) New Zealand
2) Pakistan
3) India
4) Japan
5) China
18. Which country won the fourth Cricket World Cup for the visually challenged in Cape Town, South Africa on December 7, 2014?
1) India
2) Pakistan
3) Sri Lanka
4) Australia
5) South Africa
19. Who became the oldest player to score a one day international cricket century in November 2014?
1) Ahmed Nadeem
2) Arshad Ali
3) Ali Asad
4) Mohammad Tauqir
5) Khurram Khan
20. The 2016 Rio Summer Olympic Games mascot has been named?
1) Tom
2) Vinicius
3) Oba
4) Eba
5) Tiba
21. Which of the following is a public sector bank?
1) Axis Bank
2) South Indian Bank
3) Nainital Bank
4) Karnataka Bank
5) IDBI Bank
22. Human Rights Day is observed on?
1) December 5
2) December 20
3) December 7
4) December 10
5) December 24
23. Carolina Marin is a badminton champion from?
1) Denmark
2) Australia
3) Spain
4) Norway
5) Ireland
24. The abbreviation NTCA stands for?
1) National Thermal Control Authority
2) National Tiger Conservation Authority
3) National Terrorist Control Authority
4) National Transport Control Authority
5) None of these
Answers will be provided soon!!!
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