Banking Awareness Quiz: Set 232

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Welcome to the 2021 Daily Banking Awareness Quiz Question & Answers Section of ExamsCart. Banking Awareness Quiz will Boost Your Banking Awareness Section.

The Banking Awareness Section of Banking Exams covers various segments in it like Banking Awareness, Static GK, In any case, the most imperative thing that you may have seen is that both the Banking Awareness and Static Awareness questions asked in the Banking Awareness Section depend on Current Banking Affairs as it were.

Here is a test on Banking Awareness to give you a chance to survey your Banking Awareness Knowledge. This post contains important Banking Awareness Quiz. A brief explanation of every Quiz is provided to further enhance your general knowledge. 

Banking Awareness Quiz: Set 232

1. Which of these is India’s oldest Joint Stock bank in India?
   A) State Bank of India
   B) Allahabad Bank
   C) Punjab National Bank
   D) Syndicate Bank
    
2. Cash reserve ratio as a weapon of credit control denotes which of these functions of the RBI?
   A) Controller of credit
   B) Banker’s Bank
   C) Lender of Last Resort
   D) Banker to the Government
    
3. Which of the given instruments is most likely to be used by a corporate entity who wishes to raise money from the market?
   A) Commercial Papers
   B) National Savings Certificates
   C) Treasury Bills
   D) Kisan Vikas Patra
    
4. The Price at which government purchases the food grains for maintaining the public distribution system is known as _______.
   A) Ceiling price
   B) Procurement price
   C) Issue price
   D) Cost price
    
5. Which of the following is the first Indian state to introduce the e-GPF?
   A) Punjab
   B) Andhra Pradesh
   C) Maharashtra
   D) Arunachal Pradesh
    
6. The interest rate on savings banks account in all nationalized commercial banks is fixed by _________
   A) Indian Banks’s Association
   B) Ministry of Finance
   C) RBI
   D) Individual Banks itself
    
7. What does SCRA stands for?
   A) Securities Contracts (Regulation) Act,
   B) Statutory Contracts (Regulation) Act,
   C) Special Contracts (Regulation) Act,
   D) Sovereign Contracts (Regulation) Act,
    
8. Who presents the Economic Survey in India annually?
   A) Central Statistics Office
   B) RBI
   C) Ministry of Finance
   D) Central Board of Direct Taxes
    
9. The foreign currency having the tendency of quick migration is known as ______
   A) Soft money
   B) Hot money
   C) Hard money
   D) Fiat money
    
10. The Bhore Committee was formed by the government in the year 1943 to _____.
    A) Disinvestment in Public Enterprises
    B) Control Liquidity in the market
    C) Enhance Foreign Exchange Reserve of the country
    D) Improve public health system in India

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