Banking Awareness Quiz – Set 64 – Miscellaneous

Banking 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.

1. Which among the following decides the value and volume of bank notes to be printed?
   A) Reserve Bank of India
   B) Ministry of Finance 
   C) Planning Commission
   D) Indian Banks’ Association
   
   View answer

   Option A
   
2. In which way does a bank maintains the Cash Reserve Ratio (CRR)?
   A) Banks maintains CRR in the form of reserve of gold with RBI
   B) Banks keep the specified portion of the total deposit at its respective head office
   C) Banks maintains a specific share of its total deposit in liquid cash form with RBI
   D) Banks invest in government bonds 
   
   View answer

   Option C
   
3. The Special Drawing Rights (SDR) is also termed as ___________
   A) Sovereign Bond
   B) Paper Gold
   C) Exclusive Money
   D) Intangible Cash
   
   View answer

   Option B
   
4. Name the Indian states which do not have Regional Rural Banks (RRBs)?
   A) Goa
   B) Jammu & Kashmir
   C) Sikkim
   D) Both A and C
   
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   Option D
   
5. Who is the current Chief Economic Adviser to the Government of India?
   A) Kaushik Basu
   B) Arvind Subramanian
   C) Krishnamurthy Subramanian
   D) Shankar Acharya
   
   View answer

   Option C
   
6. Which among the following has been introduced to increase financial inclusion?
   A) Business Correspondent
   B) Internet Banking
   C) ATM Cards
   D) All the above
   
   View answer

   Option A
   
7. ASBA is a process developed by SEBI for applying to IPO. What is the full form of ASBA?
   A) Authorized System for Banking Applications
   B) Applications Supported by Blocked Amount
   C) Automatic System for Banking Aspects
   D) Association of Systematic Banking Agenda
   
   View answer

   Option B
   
8. Which among the following is the objective of the Monetary Policy?
   A) To anchor inflation expectation
   B) Maintain interest rate regime consistent with price output and Financial stability
   C) To actively manage liquidity
   D) All the above
   
   View answer

   Option C
   
9. India’s first share market was set up in which city?
   A) Mumbai
   B) Kolkata
   C) Chennai
   D) Delhi
   
   View answer

   Option A
   Explanation: The National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai. The NSE was established in 1992 as the first demutualized electronic exchange in the country.
10. The unit linked insurance products (ULIPs) is regulated by which body?
    A) RBI
    B) SEBI
    C) IRDA
    D) None of the above
    
    View answer

    Option C
    

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