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Banking Awareness Practice Set 17

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Banking Awareness Practice Set 17

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Banking Awareness is an important section in the employment-related competitive exams in India. In particular, exams like IBPS, SBI and other bank related employment exams have banking awareness questions along with general awareness section. The Banking Awareness section primarily has questions related to the History of Banking, Banking Terms, Banking Products, Functions of Banks, Banks and their Taglines, Schemes, Committees related to Banking, Headquarters of Banks, most recent Banking News, Apps launched by Banks, New Schemes, Monetary Policies etc.
Banking Awareness Practice Set 17 article provides the list of several bank related questions to prepare aspirants of different competitive exams in India, primarily for banking related employment. The article Banking Awareness Practice Set 17 is very useful for different exams such as IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS RRB, Railways, Civil Services etc.

shape Quiz

1. What happens when CRR is increased?
    A. It decreases money supply B. It increases demand for money C. It decreases inflation D. All of the above

Answer: Option D
2. Which of the following counts under SLR?
    A. Cash in Hand B. Gold owned by the bank C. Balance with RBI D. All of the above

Answer: Option D
3. What do we call the rate at which the Reserve Bank of India lends money to commercial banks?
    A. Repo rate B. Reverse repo rate C. CRR D. SLR

Answer: Option A
4. Who is the chairperson of the Monetary Policy committee of India?
    A. Finance Minister B. Prime Minister C. RBI Governor D. Chief Economic Advisor

Answer: Option C
5. What do we call the instruments of monetary policy which directly affect the quantity of money supply?
    A. Quantitative instruments B. Qualitative instruments C. Money instruments D. None of the above

Answer: Option A
1. Which of these is a quantitative instrument of Monetary Policy?
    A. Repo rate B. CRR C. SLR D. All of the above

Answer: Option D
2. What do we call the funds that the banks keep with RBI as a portion of their Net Demand and Time Liabilities?
    A. Statutory Liquidity Ratio B. Cash Reserve Ratio C. Bank Rate D. Reverse Repo Rate

Answer: Option B
3. What is meant by Open Market Operations?
    A. Purchase and sale of the Government Securities by RBI B. Rationing of the credit allocated by commercial banks by RBI C. Request by the RBI to the commercial banks to take certain measures D. None of the above

Answer: Option A
4. What do we call the official interest rate at which RBI provides loans to the banking system?
    A. Reverse repo rate B. Bank rate C. SLR D. CRR

Answer: Option B
5. What was the first Narsimham Committee's recommendation regarding the SLR?
    A. to bring it down from 38.5% to 25% B. to bring it up from 38.5% to 45% C. to bring it down from 38.5% to 25% D. None of the above

Answer: Option C
1. Which of these banks is regulated by Reserve bank of India?
    A. Local Area Banks B. Cooperative Banks C. Commercial Banks D. All of the above

Answer: Option A
2. Which RBI department regulates the Non-Banking Financial Companies?
    A. DBS B. DBOD C. DNBS D. UBD

Answer: Option D
3. What is the full form of OSMOS?
    A. On Site Surveillance and Monitoring System B. Off Site Surveillance and Monitoring System C. Over-Simplified Method of Surveillance D. On Site Migration of System

Answer: Option C
4. What is meant by KYC?
    A. Keep your Customer B. Know your Credit C. Keep your Credit D. Know your Customer

Answer: Option A
5. What is the primary objective of DICGC?
    A. protect the interest of small depositors B. protect the bank to fail C. protect the large corporate from going bankrupt D. All of the above

Answer: Option B

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