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 : | | | | | | | | 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 : | | | | | | | | 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 : | | | | | | | | 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 : | | | | | | | | 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 : | | | | | | | | 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 : | | | | | | | | 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 : | | | | | | | | 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 : | | | | | | | | 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 : | | | | | | | | 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 : | | | | | | | | |
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