Banking Awareness Quiz: Set 329

Banking Awareness Quiz

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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 329

1. Which of the following do not fall within the functions of the Reserve Bank of India?
(a) Regulation of currency
(b) Control of credit
(c) Banker to the government, banker’s bank and lender of the last resort.
(d) Accepting deposits and making loans and advances to public
(e) None of the given options is true

2. Which of the following are the main functions of the Reserve Bank of India?
(a) Granting licenses to commercial banks for opening branches in rural areas
(b) Accepting deposits from the public
(c) Regulating foreign exchange business
(d) Acting as note issuing authority, bankers’ bank and banker to the government
(e) None of the given options is true

3. The approved assets against which currency notes are issued by RBI comprise of-
(a) gold coin and bullion and rupee coin
(b) foreign securities and Government of India rupee securities of any maturity
(c) bills of exchange and promissory notes payable in India which are eligible for purchase by RBI
(d) All of the above
(e) None of the given options is true

4. What is the Public Debt Office of Reserve Bank of India?
(a) is a central depository for all types of Government securities except Treasury Bills
(b) attends to the function of note issue the Reserve Bank of India
(c) is responsible for maintaining external value of the rupee
(d) controls balance of payment position of the Government of India
(e) None of the given options is true

5.  Which of the followings is/are component(s) of Current Account?
i.  Goods
ii.  Services
iii.  Income
iv.  Current transfers, like remittances, donations, aids, etc.

a.  All except (iv)
b.  Only (i) and (ii)
c.  Only (iii) and (iv)
d.  All (i), (ii), (iii) and (iv)

6.  Current Account Deficit (CAD) will happen, if –
a.  outflow from Current Account is greater than inflow in that account
b.  inflow to Current Account is greater than outflow from that account
c.  inflow and outflow is balanced in Current Account
d.  none of the above

10. RBI has directed banks that the exercise of verification of asset classification and income recognition should be done as part of the audit work by the branch and statutory Auditors work by the branch and statutory Auditors effective from the year ending-
(a) 31st March 1993
(b) 31st March 1994
(c) 31st March 1995
(d) 31st March 1996
(e) 31st March 1997

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