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Banking Awareness Questions :: Banking Awareness Question And Answers

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1. Through open market operations, RBI plays a very important role in which of the following markets?
A. Gilt edged market B. Primary market
C. Secondary Market D. Share market
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2. The Union Budget of the Government presented every year contains _____________
A. Estimates for the following year
B. Revised estimates for the current year
C. Actual figures of last year
D. Budget estimates and actual figures of last year
A. A, B and D B. B and C
C. A, B and C D. A and B
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3. Certificates of Deposits can be issued for a minimum period of _______
A. 1 year B. 6 months
C. 4 months D. 3 months
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4. As we all know, when we doposit a cheque issued in oru name in the bank, the bank always checks if the cheque has been crossed or not. Why is this done?
A. It ensures that the money is deposited only in the account of the person in whose name the cheque has been drawn. B. It is a process by which the person who has issued the cheque comes to know whether the cheque is encashed or not.
C. The bank insists on it only when the party wants the payment immediately and that too in cash only. D. This is the instruction of RBI that all the cheques of the amount of Rs. 10,000 should be accepted only if they are crossed.
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5. Foreign Exchange Reserves of India are kept in the custody of which of the following?
A. International Bank for Reconstruction and Development B. Internatinal Monetary Fund
C. Goverment Treasury D. RBI
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6. Which public sector bank has become only the second bank in the world who have above 10,000 branches?
A. Punjab National Bank B. State Bank of India
C. Bank of Baroda D. Bank of India
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7. "The set of directive principles issued by the central Bank of a country or process adopted by it to control the supply of money, availablity of money, cost of money and rate of interest, etc. in order to bring stability and growth of the economy" are commonly knwon as ___________
A. Monetary Policy of the Central Bank of the country B. Budget of the Government
C. Profit and Loss Account D. Business Policy of the Bank
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8. Which book was written by Dadabhai Nauroji on Indian Poverty and Economic order before Independence?
A. Notes on Poverty in British Rule in India B. Indian Economy in British India
C. Poverty and Un-British Rule in India D. Poverty in British India
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9. To curb inflation one of the methods is
A. Bank rate must be made equal to long term lending rates B. Bank rate must be kept even
C. Bank rate must be raised D. Bank rate must be lowered
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10. A currency swap is refer to __________________
A. A spot sale of currency combined with a forward repurchase of the same currency-as part of single transaction. B. A forward sale of currency combined with a forward repurchase of the same currency -as part of a single transaction.
C. A forward sale of currency combined with a forward repurchase of the same currency - in two different transactions D. All of these
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