Banking Awareness Quiz: Set 348

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 348

1. When RBI desires to encourage banking system to create more credit in periods of depression, it
   A) Allows market forces to decide the bank rate
   B) Raises the bank rate
   C) Reduces the bank rate
   D) All the above
   View Answer

   C) Reduces the bank rate

    
2. Which of these instruments are used to control the money flow in the economy?
   A) Open Market Operations
   B) Bank Rate Policy
   C) Statutory Liquidity Ratio
   D) All of these
   View Answer

   D) All of these

    
3. The final authority to decide the design, form and material of the bank notes is vested with
   A) RBI
   B) Central Government
   C) Note Issuing Authority of India
   D) Indian Banks Association
   View Answer

   B) Central Government

    
4. _____________ is an indigenous bank aimed at catering banking needs of local, area specific requirement.
   A) Local Area Banks
   B) Industrial Banks
   C) Small Finance Banks
   D) Lead Banks
   View Answer

   A) Local Area Banks

    
5. The Central Office of the Reserve Bank was permanently moved to Mumbai in which year?
   A) 1940
   B) 1937
   C) 1942
   D) 1939
   View Answer

   B) 1937

    
6. Who chairs the Board for Financial Supervision (BFS)?
   A) Minister of Finance
   B) Deputy Governor of RBI
   C) Governor of RBI
   D) Non-Official Director of Central Board
   View Answer

   C) Governor of RBI

    
7. Which of these acts is not administered by the Reserve Bank of India?
   A) Government Securities Regulations, 2007
   B) Banking Regulation Act, 1949
   C) Foreign Exchange Management Act, 1999
   D) All are administered by RBI
   View Answer

   D) All are administered by RBI

    
8. RBI consists of 3 fully owned subsidiaries. Identify which is not its fully owned subsidiary?
   A) National Housing Bank
   B) Deposit Insurance and Credit Guarantee Corporation of India
   C) Reserve Bank Information Technology Private Limited
   D) Bharatiya Reserve Bank Note Mudran Private Limited
   View Answer

   A) National Housing Bank

    
9. The National Venture Capital Fund for Software and IT industry (NFSIT) has been set up by__________
   A) RBI
   B) SIDBI
   C) IRDAI
   D) NABARD
   View Answer

   B) SIDBI

    
10. In CRAR, what does A denotes when taken in context of banking?
    A) Assessment
    B) Account
    C) Assets
    D) Accrual
    View Answer

    C) Assets

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