Banking awareness questions
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Question 1 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India and Singapore have signed the Second Protocol amending the CECA in New Delhi which will boost bilateral trade between the two countries. What is the full form of CECA?
Comprehensive Economic Cooperation Agreement
Comprehensive Economic Cooperation Agency
Comprehensive Economic Company Agreement
Comprehensive Energy Cooperation Agreement
Question 2 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is known as Plastic Money?
- Demand Draft
- Credit Card
- Debit Card
Both II and III
Question 3 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
As reported in the newspapers, China has asked its banks to put 12.5% money instead of earlier 12% as CRR. This correction in CRR has been made for the seventh time in past one year. Why did China have to take this step again and again and so frequently? [OBC 2008]
- It will put a curb on lending of money by the banks.
- It will help Govt of China to tame the rate of inflation.
- It will help the poor to get easy loans at cheaper rates from the banks as higher CRR brings more money for activities of the social sector.
Only 1 is correct
Only 2 is correct
All the above are correct
Both 1 & 2 are correct
Question 4 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An account in which trading of shares in their electronic form is done, is known as
Question 5 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following are characteristics of Treasury Bills?
Short-term financial instruments
Widely traded on the discount market
Highly liquid securities
All of the above
Question 6 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is meant by development Oriented banking?
Extending loans to States, which are un-development
Taking up the task of development of the economy by providing support to under privileged sections of the society
None of these
Question 7 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who is the first chairperson and managing director of public sector Bharatiya Mahila Bank (BMB)?
Usha Anantha Subramanian
Question 8 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The CGRA is the unrealized gain/loss in the value of gold and foreign exchange RBI holds based on movements in their value which is not considered in the income account but taken as a balance-sheet item. What is the full form of CGRA?
Currency and Gold Revaluation Amount
Currency and Gold Registration Account
Current and Gold Revaluation Account
Currency and Gold Revaluation Account
Question 9 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
RBI can issue bank notes of maximum denomination
Question 10 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The cabinet has approved the merger of Vijaya Bank & Dena Bank with Bank of Baroda. After this merger, Bank of Baroda will become the..... biggest public sector bank.
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There are 10 questions to complete.