GK BANKING QUIZ - 1

GK  BANKING QUIZ - 1

1.Which of the following organizations/ bodies formulates the rule of international trade among/ between the nations ?

[A]World Trade Organization

[B] Asian Development Bank

[C] International Monetary Fund

[D] World Bank

[E] UN Development Programme

2. Which of the following services is provided only by the RBI ?

[A] Compilation of economic data

[B] Issue of currency notes

[C] Purchase and sale of gold/ gold coins

[D] Sale of Demand Drafts

[E] safe deposit lockers for keeping valuables

3. Which of the following Committees/Task Force was set up to suggest reforms in Banking sector?

[A] Task Force on Infrastructure

[B] Narasimham Committee

[C] Rajinder Sachar committee

[D] Swaminathan Committee

[E] None of these

4. Which of the following is decided by the RBI?

[A] Interest rate on time deposits

[B] Rent of safe deposit values

[C] Inflation Rate

[D] Dearness Allowance to Govt. Employees

[E] Cash Reserve Ratio

5. What does the letter ‘C’ denote in the term CBS as used in banking operations?

[A] Central                          

[B] Critical

[C] Commercial                       

[D] Core

[E] Capital

6. Which of the following terms is not associated with banking/finances ?

[A] RTGS                   

[B] SLR

[C] Repo Rate             

[D] Credit

[E] LBW

7. Fiscal Policy refers to

[A] Government borrowings from abroad

[B] Sharing of its revenue by Central Government with States.

[C] Sale and purchase of securities by RBI

[D] Government taxes, expenditure and borrowings

8. Consider the following liquid assets:

1. Demand deposits with the banks

2. Time deposits with the banks

3. Saving deposits with the banks

4.currency

The correct sequence of these assets in the decreasing order of liquidity is

[A]  1        4         3      2

[B]   4        3       2      1

[C]    2      3       1      4

[D]    4      1       3       2          

9. Priority Sector Lending by banks in India constitutes the lending to

[A] Agriculture

[B] Micro and small enterprises

[C] Weaker sections

[D] All of these

10.In the context of Indian economy “Open Market Operations” refers to

[A] Borrowing by scheduled banks from the RBI

[B] Lending by commercial banks to industry and trade

[C] Purchase and sale of Government securities by the RBI

[D] None of these

               ANSWER 

1	A	6	E
2	B	7	D
3	B	8	D
4	E	9	D
5	D	10	C