Banking Awareness Objective Questions - Set 10

Advanced 467 Reasoning Puzzles Book SBI PO 2018

Banking Awareness Questions and Answer SBI IBPS

Banking Awareness Quiz Questions Answers are providing for all banking exams and interviews in 2017 - 2018. These are some important Banking Awareness Questions and Answers providing by our Banking Expert Team is useful for all banking exams and It is specially designed according to the Syllabus of RRB, IBPS/SBI PO, and Clerk VII 2017-2018.

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Banking Awareness Questions Answers Set 10

Q 1. The debenture holders of a company are its.
(1) Employees 
(2) Debtors 
(3) Creditors
(4) Partners 
(5) None of these

Q 2. Which of the following is the name of a Private Sector Bank in India?
(1) IDBI Bank
(2) Axis Bank 
(3) Corporation Bank
(4) UCO Bank 
(5) All are Private Banks

 Q 3. What is the full form of NSDL?
(1) National Securities Depository Limited 
(2) National Securities Demanding Liability
(3) National Sample Depository Limited 
(4) National Sample Driven Land
(5) None of these

Q 4. Tarapore Committee submitted its report on "Full Convertibility on Rupee" in-
(1) American Depository Receipt
(2) Current Account 
(3) Capital Account
(4) 2 & 3 Both
(5) None of these

Q 5. Devaluation of currency results in
(1) Increased export and import
(2) Trade deficit
(3) Increased export and improvement in balance of payment
(4) Increased import & foreign reserve deficiency
(5) None of these

Q 6. Credit which is available at low rates of Interest is defined as.
(1) Hot money 
(2) Fiat money
(3) Token money  
(4) Cheap money 
(5) None of these

Q 7. Which Bank is the apex bank of USA?
(1) Citi Bank 
(2) Bank of America 
(3) Federal Reserve
(4) Central Bank of USA
(5) None of these

Q 8. Which of the following statements are correct about Finance Commission?
(A) It is a statutory body.
(B) It is constituted under article 280 of Indian constitution.
(C) Mr. K. C. Pant is the Chairman of 13th  Finance Commission.
(1) Only A 
(2) B and C
(3) Aand B 
(4) A, B & C 
(5) None of these

Q 9. What is the full form of LERMS?
(1) Liberalised Exchange Rate Management System
(2) Long Elimination Reserve Management System
(3) Liberalised Extended Related Management Stock
(4) Linguistic Exchange Reserve Management Scenario
(5) None of these

Q 10. Indian company having FDI will be permitted to make downstream investment in LLPs. What is the full form of LLP?
(1) Limited Language Performance
(2) Limited Liability Partnership
(3) Linguistic Liability Participation
(4) Limited Lasting Participation
(5) None of these

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Q 11. The object of introducing base rate by RBI is.
(A) Enhancing transparency in lending rates of banks
(B) Enabling better assessment of transmission of monetary policy
(C) Keeping interest rates low
(1) Aand B
(2) Only C
(3) Only B
(4) All of above
(5) None of these

Banking Awareness Answers Set 10

1. 3    2. 2    3. 1    4. 3    5. 3    6. 4    7. 3    8. 3    9. 1    10. 2     11. 1