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IBPS RRB Banking Awareness Day 3

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IBPS RRB Banking Awareness Day 3

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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.
IBPS RRB Banking Awareness Day 3 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 IBPS RRB Banking Awareness Day 3 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 was the statutory cash reserves requirement originally when the Banking regulations Act was passed in 1949?
    A. 2% of demand liabilities and 5% of time liabilities B. 5% of demand liabilities and 2% of time liabilities C. 5% of demand liabilities and 5% of time liabilities D. 5% of demand liabilities and 5% of time liabilities

Answer: Option B
2. Which department of the RBI offers the facility of opening deposit accounts to other banks?
    A. DBR B. DAD C. DBS D. None of the above

Answer: Option B
3. In what form the banks are required to maintain deposits with RBI under CRR?
    A. Cash B. Government Securities C. Gold D. All of the above

Answer: Option A
4. Who acts as the lender of last resort to all Public Sector Banks in India?
    A. Finance Ministry B. RBI C. State Bank of India D. IMF

Answer: Option B
5. How is Capital Adequacy Ratio of banks calculated by RBI?
    A. (Tier 1 Capital + Tier 2 capital + Tier 3 capital)/ Risk weighted assets B. (Tier 1 Capital - Tier 2 capital)/ Risk weighted assets C. (Tier 1 Capital + Tier 2 capital)/ Risk weighted assets D. None of the above

Answer: Option C
1. Which of the following is the custodian of India’s foreign exchange reserve?
    A. Department of Finance B. State Bank of India C. Reserve Bank of India D. Board of Financial Supervision

Answer: Option C
2. Which of the following is the main component of Foreign exchange reserves?
    A. Gold B. Loans C. Domestic currency D. Foreign currency assets

Answer: Option D
3. Which of the following acts as the first line of defense for India in case of economic slowdown?
    A. Securities B. Foreign-exchange reserves C. Currency D. Gold reserves

Answer: Option B
4. Which of the following is/are not included in FOREX? 1. Foreign currency assets held by the RBI 2. Gold holdings of the RBI 3. SDRs 4. Reserve position in the IMF Select the correct answer:
    A. 1,2,3 B. 2,3,4 C. 1,3,4 D. None

Answer: Option D
5. What is the frequency of publishing of the report on management od FOREX Exchange Reserves (FER) by RBI?
    A. Monthly B. Quarterly C. Annually D. Half year

Answer: Option D
1. Which of the following is/are included in FOREX? 1. Foreign currency assets held by the RBI 2. Gold holdings of the RBI 3. SDRs 4. Reserve position in the IMF
    A. 1,2,3 B. 2,3,4 C. 1,2,4 D. All of the above

Answer: Option D
2. Which of the following is the biggest contributor of foreign exchange reserve of India?
    A. Foreign Currency assets B. Gold C. Reserve tranche with IMF D. Special Drawing Rights

Answer: Option A
3. Which of the followinf is/are uses of foreign exchange reserves?
    A. Back liablities on their own B. Influence Monetary policy C. Both 1 and 2 D. None of the above.

Answer: Option C
4. How much foreign exchange can be brought in while visiting India?
    A. Without any limit B. 10 crore C. 25 lac D. 5 crore

Answer: Option A
5. Which of the following is facilitated by Foreign Exchange Reserves?
    A. External trade B. Orderly development C. Maintenance of foreign exchange market D. All of the above

Answer: Option D

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