Important Banking Awareness Questions for IBPS Clerk Mains 2016 Set-90:
Dear Readers, The List of important Banking Awareness Quiz for upcoming IBPS Clerk Mains exams was given here. Candidates those who are preparing for the exams can use this.
1). Monetary Policy of RBI does not include ______?
Answer: b)
2). Monetary policy committee will consist of how many members?
Answer: c)
3). The ______ is the apex organization in the Indian money market?
Answer: b)
4). If the RBI increase reverse repo rate, consequently
Answer: a)
5). National Payments Corporation of India (NPCI) is being used by banks for ___________.
Answer: b)
6). If the stock markets are declining then it is called as ___________.
Answer: c)
7). To maintain price stability, while keeping in mind the objective of growth, RBI Act 1934 has been amended by the finance Act, 2016 to provide for a statutory and institutionalized framework for MPC. In this context, MPC stands for ______.
Answer: e)
8). RBI issue currency rupee notes on bases of ___________.
Answer: d)
9). Who is the ex-officio chairperson of the Monetary policy Committee (MPC)?
Answer: c)
10). What is inflation?
Answer: c)
1). Monetary Policy of RBI does not include ______?
a) Control the supply of Money
b) Reduction of taxes
c) Fixation of rate of interest (least in some categories)
d) Fixation of Repo rate and Reverse Repo rate
e) Fixation of Cash
Answer: b)
2). Monetary policy committee will consist of how many members?
Answer: c)
3). The ______ is the apex organization in the Indian money market?
a) SBI
b) RBI
c) ICICI
d) IDBI
e) None of these
Answer: b)
4). If the RBI increase reverse repo rate, consequently
a) Banks will have less money to lend
b) Banks will have more money to lend
c) Banks will decrease interest rates
d) Liquidity in the economy will increase
e) None of these
Answer: a)
5). National Payments Corporation of India (NPCI) is being used by banks for ___________.
a) Remittance
b) Clearing and settlement
c) Payments and settlements
d) Advisory service
e) None of these
Answer: b)
6). If the stock markets are declining then it is called as ___________.
a) Bull run
b) Down run
c) Bear run
d) Stage
e) None of these
Answer: c)
7). To maintain price stability, while keeping in mind the objective of growth, RBI Act 1934 has been amended by the finance Act, 2016 to provide for a statutory and institutionalized framework for MPC. In this context, MPC stands for ______.
a) Money Policy Committee
b) Monetary Prime Committee
c) Monetary Public Committee
d) Maintain Policy Committee
e) Monetary Policy Committee
Answer: e)
8). RBI issue currency rupee notes on bases of ___________.
a) By holding minimum value of gold coins and bullion
b) By holding minimum foreign securities as a part of the total approved assets
c) By holding minimum amount of commodities which are trading in commodity exchanges
d) Only a and b
e) All the above
Answer: d)
9). Who is the ex-officio chairperson of the Monetary policy Committee (MPC)?
a) Finance secretary, Government of India
b) Finance Minister
c) RBI Governor
d) Chief Economic Advisor to Government of India
e) Prime Minister
Answer: c)
10). What is inflation?
a) increase in value of currency
b) decrease in value of currency
c) increase in value of commodities
d) decrease in value of commodities
e) None of the above
Answer: c)
1)b 2)c 3)b 4)a 5)b 6)c 7)e 8)d 9)c 10)c
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