Dear Readers,
Just a few days are left for Bank of Baroda PO and NIACL Assistant Mains Examination. It is time to pace up your preparation of Banking Awareness for Bank of Baroda PO and NIACL Assistant Mains 2017. These Banking questions will also help you in preparing for SBI PO Mains 2017, Bank of India and NICL AO Mains 2017 recruitment examination.
Q1. The Reserve Bank of India was established on-
(a) April 01st, 1936
(b) April 01st, 1934
(c) April 01st, 1921
(d) April 01st, 1935
(e) January 01st, 1949
Q2. The Reserve Bank of India was established in accordance with the provisions of the-
(a) Reserve Bank of India Act, 1934
(b) Reserve Bank of India Act, 1949
(c) Reserve Bank of India Act, 1921
(d) Banking Regulation Act, 1949
(e) State Bank of India Act, 1956
Q3. The Central Office of the Reserve Bank was initially established in ———–
(a) Delhi (New Delhi)
(b) Madras (Chennai)
(c) Calcutta (Kolkata)
(d) Bombay (Mumbai)
(e) None of the above
Q4. The Central Office of the Reserve Bank was permanently moved to ____________ in 1937.
(a) Hyderabad
(b) Nagpur
(c) Kolkata
(d) New Delhi
(e) Mumbai
Q5. Reserve Bank is fully owned by____________
(a) Finance Ministry
(b) Government of India
(c) Central Board of Direct Taxes (CBDT)
(d) State Government
(e) NABARD
Q6. In which among the following year RBI was nationalized?
(a) 1949
(b) 1934
(c) 1921
(d) 1956
(e) 1945
Q7. The Reserve Bank’s affairs are governed by a central board of directors. The board is appointed by the ____________ in keeping with the Reserve Bank of India Act.
(a) Reserve Bank of India (RBI)
(b) Government of India (GOI)
(c) Monetary Policy Committee (MPC)
(d) Cabinet Committee on Economic Affairs (CCEA)
(e) Finance Ministry (FM)
Q8. Who is the present Governor of RBI?
(a) SS Mundra
(b) BP Kanungo
(c) Urjit R Patel
(d) Ajay Tyagi
(e) Raghuram Rajan
Q9. The Reserve Bank of India performs financial Supervision function under the guidance of the BFS. BFS stands for-
(a) Bill for Financial Supervision
(b) Basel for Financial Supervision
(c) Banking for Financial Supervision
(d) Board for Financial Supervision
(e) Bureau of Financial Supervision
Q10. Primary objective of BFS is to undertake consolidated supervision of the financial sector comprises-
(a) Commercial Banks
(b) Financial Institutions
(c) Non-banking Finance Companies
(d) All of the above
(e) None of the above
Q11. DICGC is fully owned subsidiaries of RBI. What is the meaning of “I” in DICGC?
(a) International
(b) Investment
(c) Indian
(d) Industrial
(e) Insurance
Q12. National Housing Bank (NHB) is fully owned subsidiaries of-
(a) DICGC
(b) SIDBI
(c) SEBI
(d) NABARD
(e) RBI
Q13. Who was the first Indian Governor of RBI?
(a) Osborne Smith
(b) CD Deshmukh
(c) PC Bhattacharya
(d) Benegal Rama Rau
(e) M Narasimham
Q14. Who was the first Governor of RBI?
(a) James Taylor
(b) Osborne Smith
(c) N C Sen Gupta
(d) I G Gayle
(e) None of the above
Q15. Which among the following function is not of RBI?
(a) Manager of Foreign Exchange
(b) Formulates implements and monitors the monetary policy
(c) Banker to the Government
(d) Issues and exchanges or destroys currency and coins not fit for circulation
(e) Regulator of capital markets
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