Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017

Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017:

Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS Exams 2017 can make use of it.

Currency System

1. The Reserve Bank of India has sole right to issue currency note, it comes under _______ section of RBI Act 1934.

1). The Reserve Bank of India has sole right to issue currency note under section 22 of RBI Act 1934.
Answer: B

2. RBI can issue any note of any denominations but not exceeding Rs 10,000 this restriction is as per the provision of _______.

2).
Answer: B

3. Under Bretton Woods System, as a member of IMF, India declared its par value of rupee in terms of_______.

3).
Answer: E

4. In India the decimal system of note and coin issue was started in _______.

4).
Answer: A

5. In India _______ is responsible person to decide the quantity of the coins to be minted.

5).
Answer: A

6. Which of the following methods is currently used in India to issue note?

6).
Answer: C

7. How many coin minting places are in India?

7). Coins are minted at the four Indian Government Mints that are Mumbai, Alipore (Kolkata), Saifabad (Hyderabad), Cherlapally (Hyderabad) and Noida (UP).
Answer: C

8. First country to introduce Plastic Currency Notes is _______.

8).
Answer: B

9. The Reserve Bank has introduced banknotes in the Mahatma Gandhi Series since _______.

9). The Reserve Bank has introduced banknotes in the Mahatma Gandhi Series since 1996 and has so far issued notes in the denominations of Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500, Rs 1000 and Rs.2000 in this series.
Answer: C

10. ‘Fall of the Rupee’ refers to

10).
Answer: C

11. 1000 rupee coins were minted to commemorate 1000 years of which of these temples?

11).Brihadeeswara Temple is located in Tanjavur, Tamil Nadu and is dedicated to Lord Shiva. It was built during the Chola Empire and is over 1000 years old. In the year 2010-11, the Reserve Bank of India minted ₹1000 coins to commemorate 1000 years of this temple.
Answer: D

12. Image of Himalayas can be seen on the reverse of which of these notes?

12).The 100 rupee banknote has image of Himalayas on the reverse.
Answer: A

13. The One Rupee note is issued by Ministry of Finance and it bears the signatures of _______.

13).The One Rupee note is issued by Ministry of Finance and it bears the signatures of Finance Secretary, while other notes bear the signature of Governor RBI.
Answer: E

14. How does the RBI estimate the demand for bank notes?

14).
Answer: E

15. RBI can withdraw the legal tender character of bank notes as per ________ of RBI Act, 1934.

15).RBI can withdraw the legal tender character of bank notes as per Section 26(2) of RBI Act, 1934.
Answer: E