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1. Reserve Bank of India was nationalised in?
1945
1949
1950
1955
2. Prior to the establishment of the Reserve Bank of India, the Government banking business was conduct by?
Bank of India
Central Bank of India
National Bank of India
Imperial Bank of India
3. Which of the following is not a general credit control measure?
bank rate
variable reserve ratios
open market operations
regulation of margin requirements on advances against agricultural commodities
4. Which of the following is not a selective credit control measure?
fixation of minimum margins for leading against specific securities
ceilings on the amounts of credit for certain purposes
changes in the liquidity ratio
discriminatory rates of interest on certain types of advances
5. Every bank wishing to commence banking business in India is required to obtain a licence from?
Government of India, Ministry of Finance
Government of India, Company Law Board
Reserve Bank of India
Registrar of Companies
6. When was the currency system in India converted into decimal system?
From 1st April, 1957
From 1st April, 1959
From 1st April, 1961
From 1st April, 1963
7. Statutory cash reserve ratio for scheduled banks is regulated by Reserve Bank of India under powers conferred upon it by?
Reserve Bank of India Act, 1934
Banking Regulation Act, 1949
Companies Act, 1956
Union Ministry of Finance
8. Net Interest Income means?
Interest generated from bank's assets less interest paid on liabilities
Interest earned on advances
Miscellaneous Income
None of these
9. Which of the following is not the main objective of the statutory liquidity ratio (SLR)?
to assure solvency of commercial banks by compelling them to hold low-risk assets upto the stipulated extents
to create or support a market for Government securities
to allocate resources to Government for augmenting the resources of the public sector
to ensure stable returns on commercial bank’s funds
10. The idea the commercial banks should involve themselves increasingly in financing the requirements of the neglected sectors was first mooted in?
1955, when Imperial Bank of India was nationalised
1968, when the scheme of social control over banking was introduced
1969, when 14 major commercial banks were nationalised
1975, when internal emergency was declared
Banking Awareness Quiz for Bank Exam: 30...
