BANKING AWARENESS QUIZ - 2 FOR UPCOMING SBI –PO & CLERK EXAM
1. What does Deficit financing mean?
A) Government of India borrows
from World Bank
a) Government of India borrows
from IMF
b) Government of India borrows
from SBI
c) Government of India borrows
from RBI
d) None of these.
2. Principal functions of SIDBI:
a) Promotion of SSI
b) Finance of SSI
c) Development of SSI
d) All the above
e) None of these.
3. An increase in CRR by RBI leads to:
a) Decrease in deposit
b) Increase in deposit
c) Increase in lendable resources
d) Decrease in lendable resources
e) None
4. Which is incorrect with regard to powers of
RBI:
a) Holds cash reserve banks
b) Controls banking system
through licensing
c) Supervises Banking system
through inspection
d) None of the above
e) All of the above
5. In India, forex
rates are determined by:
a) Importers
b) Exporters
c) RBI
d) Ministry of commerce
e) Demand and supply forces
6. In TRIPS, what does
‘I’ stand for?
a) Intellectual
b) Information
c) Indian
d) Infra
e) None of these
7. The term ‘BSR’
refers to
(a) Bank’s selling Rate
(b) Basic Statistical Returns
(c) Annual returns submitted by
banks to RBI in respect to priority sector advances
(d) Quarterly statements of
advance to agriculture
(e) None of the above
8. Which of the
following organizations is the Mutual Fund Market regulator?
(a) AMFI
(b) SEBI
(c) CIBIL
(d) CRISIL
(e) None of these
9. Cash reserve ratio
is maintained in the form of
(a) government securities
(b) balance with RBI
(c) balance with state bank of
India
(d) all
(e) none
10. The drawer of a cheque is always a
(a) bank
(b) company
(c) Firm
(d) customer
(e) none
ANSWER KEY
1.D, 2.D, 3.D, 4.D, 5.E, 6.A, 7.B, 8.B, 9.B, 10.D,
