Banking Awareness Quiz – Set 77 – 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.  The set will be beneficial for the Banking and financial awareness section of LIC AAO. So attempt all the sets now.

1. Which of the following is responsible for the issue of currency in India?
   A) Government of India
   B) Reserve Bank of India
   C) Controller Of Currency
   D) All of the above
   
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   Option B
   
2. Define Mixed Economy.
   A) Co-existence of small and large industries
   B) Promotion of both agriculture and industry in the economy
   C) Co-existence of public and private enterprises
   D) Co-existence of wholesale and retail markets
   
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   Option C
   
3. The Reserve Bank of India has recently permitted merchant exporters, an interest equalisation at the rate of ____ on credit for export of products.
   A) 3%
   B) 2%
   C) 5%
   D) 6%
   
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   Option A
   Explanation: The Reserve Bank on January 9, 2019, in exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, amended the Reserve Bank of India Gold Monetization Scheme, 2015 with immediate effect
4. The rate of interest charged by banks to its major and prime customers is generally termed as ________
   A) Repo Rate
   B) Cost of Fund
   C) Base Rate
   D) Prime Lending Rate
   
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   Option D
   
5. Which among the following is not one of the measures to control inflation?
   A) Monetary Policy
   B) Fiscal Policy
   C) Financial Inclusion
   D) Price Control
   
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   Option C
   
6. The Centurion Bank of Punjab was acquired by which bank?
   A) IDBI Bank
   B) HDFC Bank
   C) ICICI Bank
   D) Axis Bank
   
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   Option B
   
7. The Banking Regulation Act came into force in which year?
   A) 1949
   B) 1952
   C) 1934
   D) 1965
   
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   Option A
   
8. Which committee recommended for banks to have access to Capital Market?
   A) C D Deshmukh Committee
   B) YH Malegam Committee
   C) Narasimhan Committee
   D) Rangarajan Committee
   
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   Option C
   
9. The Imperial Bank of India was subsequently transformed into the State Bank of India in which year?
   A) 1962
   B) 1955
   C) 1948
   D) 1936
   
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   Option B
   
10. Which among the given is not an organised sector in India?
    A) Cooperative Banks
    B) NBFCs
    C) Nationalized Banks
    D) Chits and Money Lenders
    
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    Option D
    

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