Quest For Clerk Mains: Banking Quiz

1. Under Open market operations, one of the measures taken by the RBI in order to control credit expansion in the economy, does ____?

(a) Sale and purchase of Govt. securities

(b) Issuance of different type of Bond

(c) Auction of Bond 

(d) To make available direct finance to Borrowers 

(e) None of the above

2. A ‘Non-negotiable’ crossing is a _____?

(a) General crossing

(b) Special crossing 

(c) Restricted crossing 

(d) Non-transferable crossing 

(e) None of the above

3. FCNR accounts can be opened and maintained as _____?

(a) Current Accounts

(b) Saving Banks Accounts 

(c) Term Deposit Accounts

(d) Recurring Deposits 

(e) None of the above

4. CRR is required to maintain in the form of _____?

(a) Approved Government Securities

(b) Cash with RBI

(c) Cash with bank

(d) All the above

(e) None of the above

5. Under which of the following methods of note-issue the RBI issues notes?

(a) Fixed Fiduciary System 

(b) Maximum Fiduciary System 

(c) Minimum Reserve System

(d) Proportional Reserve System

(e) None of the Above

6. _____is the largest stake holder in the National Securities Depository Limited? 

(a) SBI      

(b) Corporation Bank

(c) Syndicate Bank  

(d) IDBI Bank  

(e) ICICI Bank 

7. Business Correspondent appointed to represent the bank in rural area. Who is not eligible to act as business correspondent?

(a) House Wife 

(b) Bank employee 

(c) Private employee 

(d) The resident of village 

(e) None of the Above  

8. Deposit Insurance and Credit Guarantee Corporation (DICGC) insures the deposits of the bank customer up to 1 lakh. DICGC is the wholly owned subsidiary of _______?

(a) SBI

(b) NABARD   

(c) Union Government   

(d) RBI  

(e) IDBI 

9. Monetary Policy of RBI Does not include ______?

(a) Control the supply of Money

(b) Reduction of taxes  

(c) Fixation of rate of interest (least in some categories)

(d) Fixation of Repo rate and Reverse Repo rate    

(e) Fixation of Cash

10. Which of the following private sector bank re-branded itself as “RBS”?

(a) Sumitomo Bank 

(b) Bank of Scotland 

(c) ABN Amro Bank 

(d) ICICI Bank 

(e) Bank of Rajasthan 

Answers:
1.A
2.A
3.C
4.B
5.C
6.D
7.B
8.D
9.B

10.C