General Awareness Quiz 26 for SBI & IBPS exams

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   Explanation :       View Answer 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   Explanation :       View Answer 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   Explanation :       View Answer 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   Explanation :       View Answer 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   Explanation :       View Answer 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   Explanation :       View Answer 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   Explanation :       View Answer 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   Explanation :       View Answer 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   Explanation :       View Answer 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   Explanation :       View Answer