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.
Answer: c)
2). Which of the following groups suffer the most from inflation
Answer: b)
3). “Currency Swap” is an instrument to manage ____?
Answer: d)
4). Currency notes issued by RBI are fully covered by:
Answer: b)
5). An unbanked customer can initiate IMPS transaction using the services of _______.
Answer: a)
6). In 1980, how many banks were nationalized?
Answer: b)
7). Among the following which is NOT a source of funds of a commercial bank?
Answer: b)
8). Special Drawing Rights (SDR) are supplementary foreign exchange reserve assets defined and maintained by ______
Answer: d)
9). Invisible export means export of _____.
Answer: a)
10). The Reserve Bank of India does NOT decide the ___
Answer: d)
Answer Key:
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1).Presently which Indian bank has the largest number of foreign branches?
a) SBI
b) Canara Bank
c) Bank of Baroda
d) Bank of India
e) None of the above
Answer: c)
2). Which of the following groups suffer the most from inflation
a) Debtors
b) Creditors
c) Business class
d) Holders of real assets
e) None of these
Answer: b)
3). “Currency Swap” is an instrument to manage ____?
a) Currency Risk
b) Interest Rate Risk
c) Currency and Interest Rate Risk
d) Cash Flows in different currencies
e) All of the above
Answer: d)
4). Currency notes issued by RBI are fully covered by:
a) Approved assets,
b) Gold
c) Foreign exchange
d) All of these
e) None of the above
Answer: b)
5). An unbanked customer can initiate IMPS transaction using the services of _______.
a) PPI
b) PCI
c) PFI
d) PDI
e) None of the Above
Answer: a)
6). In 1980, how many banks were nationalized?
e) None of these
Answer: b)
7). Among the following which is NOT a source of funds of a commercial bank?
a) Deposits
b) Call money borrowings
c) Loans
d) Borrowing from RBI
e) None of these
Answer: b)
8). Special Drawing Rights (SDR) are supplementary foreign exchange reserve assets defined and maintained by ______
a) Asian Development Bank
b) Reserve Bank of India
c) World Bank
d) International Monetary Fund
e) None of these
Answer: d)
9). Invisible export means export of _____.
a) Services
b) Prohibited goods
c) Unrecorded goods
d) Goods through smuggling
e) None of these
Answer: a)
10). The Reserve Bank of India does NOT decide the ___
a) Rate of Repo and Reserve Repo
b) Marginal standing Facility Rates
c) Bank Rate
d) Rate of Dearness Allowance for Government Employees
e) Statutory Liquidity Ratio
Answer: d)
Answer Key:
1).c 2).b 3).d 4).b 5).a 6).b 7).b 8).d 9).a 10).d
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