Monday, February 15, 2016

Banking Awareness Quiz Set - 1 For IBPS,SBI Exam and Other Banking Exams

Hi, Friend Welcome to Online Banking awareness section in Affairs cloud, which is common for all
the IBPS, SBI exam and other Banking exams. We have included Some questions that are repeatedly asked in exams.
Q. 1: Under which section of the Reserve Bank of India Act, the RBI has the sole right of note issue?
a. 32
b. 27
c. 24
d. 22

Q. 2: Among the following which were the first rulers in India to issue coins which can be definitely attributed to the kings?
a. Indo-Greeks
b. Kushans
c. Shakas
d. Parthians

Q. 3: Which of the following deposits cannot be withdrawn for a preset fixed period of time?
a. Recurring
b. Saving
c. Current
d. Term

Q. 4: In India, Fixed Fiduciary System of note issue was in force from________.
a. 1947 to 1954
b. 1816 to 1920
c. 1890 to 1950
d. 1920 to 1947

Q. 5: Who among the following is the head of the expert committee on Streamlining Short-term Co-operative Structure in India?
a. Prakash Bakshi
b. R K Singh
c. MB Shah Committee
d. P Kotaiah

Q. 6: From 25th September 1975, Rupee was de-linked from pound sterling and was linked to________.
a. US Dollar
b. Dinar
c. Gold
d. Basket of Currencies

Q. 7: The foundation for induction of computer technology in the Indian banking system was laid with the recommendations of which of the following committees?
a. Deepak Parekh Committee
b. Rangarajan Committee
c. Tarapore Committee
d. Abid Hussain Committee

Q. 8: On 1st March 1992, Reserve Bank of India announced a new system of exchange rates known as_______.
a. Liberalized Exchange rate system
b. Partial Convertibility
c. Both A and B
d. None of these

Q. 9: Who is the head of the committee appointed for Capital Account Convertibility in Banks?
a. S.S. Tarapore
b. M. Damodaran
c. M.B. Shah
d. Mukul Mudgal

Q. 10: Which of the following methods is currently used in India to issue note?
a. Percentage Reserve System
b. Fixed Fiduciary System
c. Minimum Reserve System
d. Proportional Reserve System

Q. 11: The decimal system of note and coin issue was started in India in______-.
a. 1950
b. 1957
c. 1960
d. 1956

Q. 12: Who among the following is the responsible person to decide the quantity of the coins be minted?
a. The Government of India
c. RBI
d. None of these

Q. 13: The Concept of ‘Universal Banking’ was implemented in India on the recommendations of:
a. YH Malegam Committee
b. S Padmanabhan Committee
c. R H Khan Committee
d. Abid Hussain Committee

Q. 14: Which of the following is an example of the worldwide financial messaging network?

Q. 15: Who among the following heads the RBI Working group on boosting Export Finance?
a. G Padmanabhan
b. Gopal Kundu
c. Govind Kumar Menon
d. Mukul Mudgal


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