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Saturday, June 2, 2012

GK IBPS with Special Reference to Banking Industry(GK Quiz - 171)

1. Which of the following functions are not being performed by RBI?
[A]Regulations of banks in India
[B]Regulation of Foreign direct investment in India
[C]Foreign currency management in India
[D]Control and supervision of money supply


2. A bank is called as ‘Scheduled Bank’ when________
[A]Its business has crossed Rs 1000 Cr mark
[B]Its branch network is over 100
[C]It is included in the second schedule of the RBI Act
[D]When it complies with all the three


3. Australian Govt recently decided to sell Uranium to India. Uranium is mainly used for-
[A]Manufacture of fertilizers
[B]Manufacturing of drugs
[C]Making arsenals
[D]Generation of nuclear power


4. What is the maximum amount that is eligible for earning interest in the normal savings account?
[A]1 lac
[B]2 lac
[C]5 lac
[D]No limit


5. When a customer opens a deposit account with the Bank. Which one of the following is the status of the Bank?
[A]Debtor
[B]Creditor
[C]Trustee
[D]Beneficiary


6. Which of the following Stock Exchanges in India recently launched ‘carbon index’ so that investors can assess risk and opportunities associated with climate change?
[A]Delhi Stock Exchange
[B]National Stock Exchange
[C]Bombay Stock Exchange
[D]Kolkata Stock Exchange


7. With a view to facilitate payment of balance in deposit account to the person named by the depositor without any hassles on the event of death of the account holder , the following facility was introduced in banks of our country
[A]Will
[B]Registration
[C]Nomination
[D]Indemnity


8. On the recommendation of which committee NABARD was formed?
[A]Shivaram
[B]Malegam
[C]Rangarajan
[D]Vijay Kelkar


9. Reserve Bank of India was established on_____
[A]April 1 1925
[B]April 1 1935
[C]April 1 1945
[D]April 1 1955


10. Swabhiman the financial inclusion scheme comes under the purview of which ministry?
[A]Ministry of commerce
[B]Ministry of finance
[C]Ministry of home affairs
[D]Ministry of external affairs


11. The one rupee note bears the signature of ____
[A]RBI Governor
[B]Deputy Governor
[C]Finance Secretary
[D]Finance Minister


12. Which one among the following RBI not decides?
[A]CAR
[B]CRR
[C]Base Rate
[D]Bank Rate


13. What does T in RTGS stand for?
[A]Transaction
[B]Transfer
[C]Time
[D]Tax


14. In banking IFSC code stands for_______
[A]International format System Code
[B]Indian Function System Code
[C]International Forex System Code
[D]Indian Financial System Code


15. If a customer does not get a satisfactory response to his grievance from the bank within _________days, he can approach the Banking Ombudsman
[A]90
[B]60
[C]30
[D]15


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