Banking Awareness – 2020 for IBPS, RBI, SBI, NABARD and other Bank Examinations

31. What is the deposit limit on saving accounts in the Payment banks?

[A] Rs 1 lakh
[B] Rs 50000
[C] Rs 5 lakhs
[D] Rs 10 lakhs

Show Answer

32. Who wrote the book The Problem of the Rupee – Its origin and its solution”, which gave the concept of RBI?

[A] B.R Ambedkar
[B] Jawahar Lal Nehru
[C] Lala Lajpat Rai
[D] Dadabhai Naroji

Show Answer

33. Where is the headquarter of Bharatiya Reserve Bank Note Mudran Private Limited located?

[A] Chennai
[B] New Delhi
[C] Hyderabad
[D] Bangalore

Show Answer

34. What was the objective of Y H Malegam committee set up by RBI?

[A] Review of Poverty Line
[B] Licensing of Small Finance Banks
[C] Monitoring of bad loans
[D] None of the above

Show Answer

35. What happens when CRR is increased?

[A] It decreases money supply
[B] It increases demand for money
[C] It decreases inflation
[D] All of the above

Show Answer

36. What is meant by Open Market Operations?

[A] Purchase and sale of the Government Securities by RBI
[B] Rationing of the credit allocated by commercial banks by RBI
[C] Request by the RBI to the commercial banks to take certain measures
[D] None of the above

Show Answer

37. What was the first Narsimham Committee’s recommendation regarding the SLR?

[A] to bring it down from 38.5% to 25%
[B] to bring it up from 38.5% to 45%
[C] to bring it down from 38.5% to 25%
[D] None of the above

Show Answer

38. What is meant by KYC?

[A] Keep your Customer
[B] Know your Credit
[C] Keep your Credit
[D] Know your Customer

Show Answer

39. When was the decimalization of the coinage done in India?

[A] 1957
[B] 1955
[C] 1947
[D] 1935

Show Answer

40. Who signs the One Rupee notes in India?

[A] Prime Minister
[B] RBI Governor
[C] Finance Secretary
[D] President

Show Answer



    Leave a Reply

    Avatar placeholder

    Your email address will not be published. Required fields are marked *