Banking Awareness: Banking Awareness Practice Paper Set 16

Banking Awareness Practice Paper

1) Dirham is the currency of

1. Japan
2. Russia
3. Kuwait
4. Pakistan
5. UAE

2) Which of the following is one of the core functions of the Reserve Bank of India ?

1. To act as Tax collector of the Govt of India
2. Work as Banker to the Banks
3. Help in finalization of the Union Budget
4. Participate in annual meetings of the various financial institutess world wide
5. None of these

3) Which of the following tools is used frequently by the RBI to control credit and monetary situations of the markets in the country ?

1. Cash Reserve Ratio (CRR)
2. Real Time Gross Settlement (RTGS)
3. Balance of Trade
4. Forward Rate Agreements
5. Electronic Clearing Service

4) The National Social Security Fund (NSSF) launched with a corpus of Rs. 1000 crore will help which of the following groups of society ?

1. Bank Employees
2. Central and State Government Employees
3. Workers of the unorganized sector
4. War widows
5. Women employees engaged in textile industry

5) What is the full form of the term "PDS" which is a channel of distribution of food grains and other essentials to poor people on subsidized rates ?

1. Public Distribution System
2. Potential Development System
3. Profitable Distribution Source
4. Public Development Syndication
5. Public Distribution Stores

6) The 12th plan papers are sent to "NDC" for approval, was the news in various newspapers recently. This means the plan was sent to_______

1. New Democratic Council
2. National Development Council
3. New Democratic Committee
4. National Democratic Council
5. New Department Committee

7) Which of the following is the currency of Myanmar ?

1. Dinar
   
2. Kyat
3. Pesso
4. Euro
5. Dollar

8) First share market in India was established in which of the following cities ?

1. Kanpur
2. Chennai
3. Jaipur
4. Mumbai
5. None of these

9) Which of the following is NOT decided by the Finance Minister while presenting Union Budget every year ?

1. Rate of Income Tax
2. Expenditure on Defence Services
3. Relief packages to various sections of the society
4. Repo and Reverse Repo 
5. Revenue expected from various sources

10) Which of the following is NOT an agricultural commodity ?

1. Mango
2. Cumin
3. Sulphur
4. Tomato
5. Garlic