Multiple Choice Banking GK Questions Answers-Set 55

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Banking Awareness- Multiple Choice Banking GK Questions Answers-Set 55

1) Who decided that stock exchanges and depositors will be allowed to list?
A) RBI
B) SEBI
C) World Bank
D) FC
E) IMF

2) What is the currency of Saudi Arabia?
A) Kyat
B) Rupee
C) Riyal
D) Taka
E) None

3) Under which act local are banks can be established by private promoters?
A) company Act-1956
B) Bank Act-1956
C) Company Act-1950
D) Company Act-1957
E) None

4) Devaluation of a currency means
A) reduction in the value of a currency vis-à-vis major internationally traded currencies
B) permitting the currency to seek its worth in the international market
C) fixing the value of the currency in conjunction with the movement in the value of pre-dominated currency
D) fixing the value of the currency in multilateral consultation with the IMF, the World Bank and major
trading partners.
E) None

5) If all the banks in an economy are nationalized and converted into a monopoly bank, the total
deposit ………….
A) will decrease
B) will increase
C) will neither increase nor decrease
D) first decrease then increase
E) None

Read also-More Banking Gk MCQ questions

6)’ASBA’is a term used in which of the following sectors?
A) Aviation
B) Real estate
C) insurance
D) capital market
E) None

7) Village people take more loans from non-institutional sources. It includes:
A) scheduled banks
B) money lenders
C) co-operative banks
D) rural banks
E) Public sector banks

8) T-Bills are financial instruments initially sold by ………..to raise funds
A) commercial banks
B) the US Government
C) state and local Governments
D) agencies of the Federal Governments
E) None

9) IBRD stands for
A) International Bank for Recovery & Developments
B) International Ban for Rural Development
C) International Bank for Reconstruction and Development
D) International Bank for Renovation and Development
E) None

10) National Technology Day is celebrated on
A) May 11
B) May 24
C) June 26
D) May 3
E) April 7

Read also-Banking & Traditional GK Questions

11) Which of the following is not a direct tax?
A) Corporation tax
B) Income tax
C) wealth tax
D) Service tax
E) None

12) Which of the following is not an instrument of money market?
A) Money funds
B) Share
C) Repurchase agreement
D) Commercial paper
E) Mutual funds

13) Which of the following is the sensitive index of the national stock exchange?
A) Nifty
B) Sensex
C) MCX
D) CNX
E) None

14) Which of the following is a programme to develop Health Services in Rural India?
A) NHDP
B) JNNORM
C) ASHA
D) MGNREGA
E) None

15) The ‘Social Security Group Insurance Scheme’ has been replaced with which of the following scheme?
A) Aam Admi Bima Yojana
B) Jana Shree Bima Yojana
C) Shiksha Sahayog Yojana
D) Shiksha Sadbhavna Yojana
E) None

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Multiple Choice Banking GK Questions Answers-Set 55: Answer

1. B)
2. C)
3. A)
4. A)
5.C)
6. D)
7. B)
8. B)
9. B)
10.A )
11. D)
12. B)
13. A)
14. C)
15.B)
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