General Awareness Quiz 13 for SBI & IBPS exams

General Awareness Quiz 13 for SBI & IBPS exams

1 . The Co-operative banks are organised on a A.   Three tier system B.   Two-tier system C.   Unitary basis D.   None of these Answer & Explanation Answer : Option A   Explanation :       View Answer 2 . RBI issues directives to check speculation and rising prices A.   By exercising moral influence on the banks B.   By changing the statutory reserve maintained by Scheduled Banks with the Reserve Bank under Section 42 of the RBI Act C.   By changing the Bank Rate and its policy of granting accommodation to the commercial banks D.   All of the above Answer & Explanation Answer : Option D   Explanation :       View Answer 3 . Banking institutions modelled on European lines were first established in A.   Delhi B.   Bombay C.   Bengal D.   Madras Answer & Explanation Answer : Option C   Explanation :       View Answer 4 . The first Indian enterprise in the field of banking based on joint stock limited liability principle was the A.   Oudh commercial Bank started in 1881 B.   Bank of Andhra, 1882 C.   Bank of India. 1883 D.   All of the above Answer & Explanation Answer : Option A   Explanation :       View Answer 5 . Punjab National Bank (1894) and People's Bank (1901) was started by A.   LalaLajpat Rai B.   Harkishan Singh C.   Harkishan Lai Gauba D.   Amarjeet Singh Answer & Explanation Answer : Option C   Explanation :       View Answer 6 . A fiscal commission under the President ship of Sir Ibra'him Rahimatullah was appointed in October A.   1921 B.   1931 C.   1925 D.   1935 Answer & Explanation Answer : Option A   Explanation :       View Answer 7 . In 1914 foreign banks held over 70 percent of all bank deposits in India. By 1937 their share had decreased to A.   25% B.   34% C.   46% D.   57% Answer & Explanation Answer : Option D   Explanation :       View Answer 8 . With the enactment of the Regional Rural Banks (Amendment) Act, 1987, the authorised capital of each RRB has been raised to Rs. A.   Rs. 10 lakhs B.   Rs. 1 crore C.   Rs. 5 crores D.   Rs. 10 crores Answer & Explanation Answer : Option C   Explanation :       View Answer 9 . At the end of December 1987 the advances of RRBs to the weaker sections accounted for A.   70 % of their total direct advances B.   82 % of their total direct advances C.   92 % of their total direct advances D.   95 % of their total direct advances Answer & Explanation Answer : Option C   Explanation :       View Answer 10 . The Regional Rural Banks avail of the refinance facilities from the A.   National Bank for Agriculture and Rural Development B.   Co-operative Bank C.   Commercial Banks D.   Reserve Bank of India Answer & Explanation Answer : Option A   Explanation :       View Answer