General Awareness Quiz 26 for SBI & IBPS exams
1 . |
Which of the following were considered to be compelling reasons for Bank Nationalisation ? |
A. concentration of wealth and economic power in the hands of industrialists and businessmen |
B. Branch expansion was confined to urban areas and rural areas were being neglected |
C. Sectors like agriculture, small scale industries and the other deserving sector were outside |
D. All of the above | |
Answer & Explanation
Answer : Option D |
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Explanation : |
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2 . |
Enumerate the main functions of a banker as per Banking Regulation Act, 1949 |
A. Accepting deposit of money |
B. Advancing of loans |
C. All of the above |
D. None of these | |
Answer & Explanation
Answer : Option C |
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Explanation : |
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3 . |
The Banking Regulation Act 1949, applies to the following categories of banks |
A. Nationalised Banks |
B. Non-Nationalised Banks |
C. Co-operative Banks |
D. All of the above | |
Answer & Explanation
Answer : Option D |
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Explanation : |
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4 . |
A Bank incorporated in India cannot open an office outside India without obtaining prior approval of: |
A. Government of India |
B. Reserve Bank of India |
C. Exim Bank |
D. None of these | |
Answer & Explanation
Answer : Option B |
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Explanation : |
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5 . |
The provision of Section 21 of the Banking Regulation Act, 1949, empowers Reserve Bank of India to |
A. inspect the banking companies |
B. to regulate CRR and SLR |
C. Control advances by banking companies |
D. None of these | |
Answer & Explanation
Answer : Option C |
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Explanation : |
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6 . |
Section 26 of the Banking Regulation Act, 1949, requires every banking company to submit an annual return tothe Reserve Bank of India, in respect of |
A. all accounts in India which have not been operated upon for ten years and above |
B. details of deposits and advances |
C. advances to weaker sections of the society |
D. None of these | |
Answer & Explanation
Answer : Option A |
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Explanation : |
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7 . |
Under the provisions of Section 35 (b) (ii) of the Banking Regulation Act, 1949, inspection of branches of Indian banks situated abroad is to be carried out by |
A. Reserve Bank of India |
B. Exim Bank |
C. Ministry of External Affairs |
D. All of the above | |
Answer & Explanation
Answer : Option D |
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Explanation : |
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8 . |
Section 29 of the Banking Regulation Act, 1949, stipulates that every banking company has to pre- pare its final accounts i.e., Profit and Loss Account and Balance Sheet, in the forms prescribed in |
A. the third schedule to the banking regulation act 1949 |
B. the second schedule of the reserve bank of India act 1934 |
C. the second schedule to the companies act 1956 |
D. None of the these | |
Answer & Explanation
Answer : Option A |
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Explanation : |
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9 . |
The term Ways and Means advances refer to |
A. the temporary advance made to the government by its bankers to bridge the internal between expenditure and the flow of receipt of revenue |
B. the advance given by the banks to the poorest of the society |
C. lending made under PMRY scheme |
D. All of the above | |
Answer & Explanation
Answer : Option A |
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Explanation : |
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10 . |
In terms of Section 19 of the RBI Act. 1934, the RBI has been prohibited from |
A. making loans or advances |
B. drawing or accepting bills payable otherwise than on demand |
C. allowing interest on deposits or current accounts |
D. All of the above | |
Answer & Explanation
Answer : Option D |
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Explanation : |
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