Banking and Financial Awareness for RBI/IBPS Exams

Q1. Reserve Bank of India (RBI) was established on the recommendations of.............? 
a) Hilton Young Commission 
c) S.Chetty Commission 
d) U.K.Patel Committee 

Q2. Prior to the establishment of the Reserve Bank of India, the Government banking business was conduct by? 
(a) Bank of India
(b) Central Bank of India
(c) National Bank of India 
(d) Imperial Bank of India

Q3. Which is the oldest bank in India? 
a) Punjab National Bank 
b) Allahabad Bank 
c) State Bank of India
d) Central Bank of India 

Q4. The number of Public Sector Banks in India is?
a) 27
b) 25 
c) 14 
d) 29 

Q5. In which years RBI and SBI are nationalized respectively? 
a) 1955, 1949 
b) 1969, 1955 
c) 1949, 1955
d) 1955, 1969 

Q6. Which bank was merged with Punjab National Bank in 1993? 
a) Bank of Rajasthan 
b) New Bank of India
c) Oudh Commercial Bank 
d) ING Vysya Bank 

Q7.  Which one of the following is/are implication(s) of large inflow of foreign exchange into the country?
I. It makes monetary management difficult for RBI.
II.It creates money supply, asset bubbles and inflation.
III.It weakens the competitiveness of Indian exports.
(a) Only I
(b) Only II
(c) Only III
(d) All of the above

Q8. Which bank sponsored first Regional Rural Bank (RRB) in India by the name  Prathama Grameen Bank? 
a) Allahabad Bank 
b) UCO Bank 
c) Syndicate Bank

Q9. The bank rate means?
(a) Rate of interest charged by commercial banks from borrowers 
(b) Rate of interest at which commercial banks discounted bills of their borrowers 
(c) Rate of interest allowed by commercial banks on their deposits 
(d) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks

Q10. Which bank was renamed on 30th April, 1955 to become State Bank of India? 
a) Hindustan Bank 
b) Imperial Bank of India
c) Oudh Commercial Bank 
d) Repco Bank 

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