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BANKING AWARENESS - OBJECTIVE QUESTIONS
 
Choose the correct option from the choices given under the question.
1. Where is central office of Asian Development Bank?
  1. Tokyo 2. Manila
  3. London 4. Dhaka
 
2. Which of the following is an authority to issue notes less than Rs.2?
  1. Reserve Bank Of India 2. State Bank Of India
  3. Finance Secretary 4. Finance Minister
 
3. Which of the following is not a Negotiable Instrument?
  1. Fixed Deposit Receipt 2. Demand Draft
  3. Cheque 4. Bill of Exchange
 
4. Which of the following is not a Private Sector Bank?
  1. ICICI 2. AXIS
  3. Repco Bank 4. City Union Bank
 
5. Where is the Head Office of Repco Bank?
  1. Gauhathi 2. Chennai
  3. Puducherry 4. Cochi
 
6. Who does sign on Currency Notes greater than Rs.1?
  1. RBI Governor 2. The Chairman of SBI
  3. The finance secretary 4. Finance Minister
 
7. Where is central office of Asian Development Bank?
  1. Tokyo 2. Manila
  3. London 4. Dhaka
 
8. When Imperial Bank was named as State Bank Of India?
  1. 1st July, 1956 2. 1st June, 1956
  3. 2nd August, 1958 4. 3rd August, 1958
 
9. When the Government of India did set up Regional Rural Banks (RRBs) by issuing oridinance by central government?
  1. February 2, 1975 2. August 15, 1976
  3. October 2, 1975 4. September 26, 1976
 
10. Who contributes the share capital to Regional Rural Banks?
  1. GOI 50%, Sponsored Bank 35% and State Government 15% 2. RBI 50%, Sponsored Bank 35% and State Government 15%
  3. GOI 50%, Sponsored Bank 15% and State Government 35% 4. NABARD 50%, Sponsored Bank 35% and State Government 15%
 
11. Regional Rural Banks are functioning under the ___________ ACT
  1. RRB act 1974 2. RRB act 1975
  3. RRB act 1976 4. RRB act 1977
 
12. When was Reserve Bank of India established?
  1. 1-04-1934 2. 1-04-1935
  3. 1-01-1949 4. 01-01-1951
 
13. Which of the following is called APEX Bank?
  1. Reserve Bank Of India 2. Development Bank of India
  3. State Bank of India 4. NABARD
 
14. Which of the following is not the function of Reserve Bank of India?
  1. Monetary Management 2. Maintaining Foreign Exchange Reserves
  3. Government Debt Management 4. Regulating Diesel and Petroleum prices
 
15. Which of the following are not the Scheduled Commercial Banks?
  1. Urban Co-Operative Banks 2. Regional Rural Banks
  3. State Bank of India and Associates 4. Nationalised Banks
 
16. In which section Non-Scheduled Commercial Banks are defined?
  1. Clause (c) of section 6 of the Banking Regulation Act, 1949 (10 of 1949) 2. Clause (c) of section 5 of the Banking Regulation Act, 1949 (11 of 1949)
  3. Clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949) 4. Clause (c) of section 6 of the Banking Regulation Act, 1949 (10 of 1949)
 
17. How many banks were Nationalised in the second phase of Nationalisation in 1980?
  1. 3 2. 4
  3. 5 4. 6
 
18. The acronym NABARD stands for……
  1. Nationalised Agricultural Bank for Regional Development 2. National Bank for Agricultural And Rural Development
  3. National Bank for Agricultural And Regional Development 4. None
 
19. Which of the following is the role of NABARD?
  1. Providing refinance to lending institutions in rural areas 2. Bringing about or promoting institutional development and
  3. Evaluating, monitoring and inspecting the client banks 4. All the above
 
20. Lead Bank Scheme was implemented in 1969. Which Committee proposed the Lead Bank Scheme?
  1. Narasimham Committee 2. M. Damodaran Committee
  3. Dr Gadgil Committee 4. Goyal Committee
 
21. Which Act empowered the Reserve Bank of India (RBI) “to regulate, control, and inspect the banks in India?
  1. BR Act 1935 2. RBI Act 1935
  3. BR Act 1949 4. None
 
22. Who will appoint the Banking Ombudsman to redress customer complaints against certain deficiency in banking Services?
  1. Ministry of Finance 2. Reserve Bank of India
  3. Chief Justice, Supreme Court 4. Chief Justice, High Court of a state
 
23. Under which act holidays are declared for Banking and Financial Institutions in India?
  1. Banking Regulation Act, 1949 2. Reserve Bank Of India Act, 1935
  3. Negotiable Instruments Act, 1881 4. None
 
24. Which committee recommended the formation of NABARD?
  1. B.Sivaraman Committee 2. B. Narasimham Committee
  3. Goyal Committee 4. Gosh Committee
 
25. In which year NABARD Act was enacted by the parliament?
  1. 1968 2. 1976
  3. 1981 4. 1986
 
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