Banking Awareness Quiz: Set 241

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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 241

1. Which of these are not traded in the Indian Stock Market?
   A) Debentures
   B) Mutual Funds
   C) Forward Contracts
   D) All of these are traded
    
2. Identify the Direct Instrument of the Monetary Policy.
   A) Cash Reserve Ratio
   B) Repo Rate
   C) Bank Rate
   D) Open Market Operation
3. Which of these banks comes under the Commercial Banks category?
   I. Nationalized Banks
   II. SBI Group
   III. RRBs
   IV. Private Banks
   A) I, III & IV
   B) I & III
   C) Only I, II & III
   D) All of the above
    
4. Gold, Silver, Copper, Salt, Rice, Large Stones can be categorized as which type of money?
   A) Commodity money
   B) Representative money
   C) Fiat money
   D) Broad money
    
5. Which Section of the Negotiable Instruments Act, 1881 defines Negotiable Instrument?
   A) Section 2
   B) Section 13
   C) Section 8
   D) Section 17
    
6. Which of the following is not true regarding Bank Draft?
   A) DD is always honored
   B) DD is backed by bank guarantee
   C) DD can be made payable to bearer
   D) DD can be cleared in a specified branch of issuer bank
    
7. Which of these denotes general decline in stock market over a period of time?
   A) Bull market
   B) Blue Chip stock market
   C) Initial Margin market
   D) Bear market
    
8. Name the finance minister of India who has presented the Union Budget highest number of times in the country?
   A) CD Deshmukh
   B) Morarji Desai
   C) Manmohan Singh
   D) Yashwant Sinha
    
9. Walking Inflation is also known as________
   A) Trotting Inflation
   B) Hyper Inflation
   C) Sporadic Inflation
   D) Suppressed Inflation
    
10. What is the objective of Selective Credit Control?
    A) Raise the Cost of Credit
    B) Decrease total supply of credit in the economy
    C) Regulate the manner of channelizing of cash and credit in the economy
    D) Giving large share in the total credit to big capitalists

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