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Banking Awareness Questions :: Banking Awareness Question And Answers

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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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11. Many banks have adopted / launched 'Core Banking Solutions' (CBS). Core Banking solution is?
A. A marketing strategy adopted by the banks B. A new type of ATM useful for rural population
C. A delivery channel for quick and fast delivery D. A new product launched to help senior citizens only as they are not able to visit branches / ATMs frequently.
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12. The bank rate means ___________
A. Rate of Interest charged by commercial banks from borrowers B. Rate of Interst at which commercial banks discounted bills of their borrowers
C. Rate of interest allowed by commercial banks on their deposits D. Rate at which RBI purchases or rediscounts bills of exchange of commercial banks
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13. As per the revised guidliens issued by RBI on 3rd January, 2001?
A. the minimum paid-up capital requirement of a newly set up private sector bank shoudl be atleast Rs. 200 crore and it should be raised to Rs. 300 crore within three years of commencement of business. B. the minimum capital adequacy ratio for newly set up private sector bank shas been fixed at 10 percent on a continuous basis from the commencement of operations
C. Only 1 D. Both 1 and 2
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14. Which of the following are the recommendations of the International Group (Chairman : Shri A. V. Sardesai) set up by RBI in regard to strengthening and viability of RRBs?
A. Merger/ amalgamation of RRBs to improve operational viability B. Change of sponsor banks to enhance competitiveness
C. Governance and management and scope for improving profitability D. All of these
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15. Fixing of charges for various types of services like issuance of demand draft etc. except cheques collection provided by urban co-operative banks is done by
A. Reserve Bank of India B. the Indian Bank's Association
C. NABARD D. the bank itself which should not be out of line with the average cost of providing the services
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