Banking & Financial Awareness Quiz: We have created many quizzes on Banking Awareness and this set is one of them. These questions are most important for banking and insurance exams. The question asked in the Banking Awareness section are based both on static banking and that to current banking in news. These Banking Awareness sets will guide you in all banking exams like IBPS Clerk, IBPS PO, SBI Clerk, SBI PO, RRB Clerk and PO and other exams. So attempt all the sets now.
- 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
- 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
- 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
- _____________ 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
- The Central Office of the Reserve Bank was permanently moved to Mumbai in which year?
A) 1940
B) 1937
C) 1942
D) 1939
- 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
- 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
- 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
- The National Venture Capital Fund for Software and IT industry (NFSIT) has been set up by__________
A) RBI
B) SIDBI
C) IRDAI
D) NABARD
- In CRAR, what does A denotes when taken in context of banking?
A) Assessment
B) Account
C) Assets
D) Accrual