Banking Awareness Questions for Bank of India Exam

Posted byadmin Published On April 27th, 2017 Leave a comment on Banking Awareness Questions for Bank of India Exam

Dear Readers,

Just a few days are left for Bank of Baroda PO and NIACL Assistant Mains Examination. It is time to pace up your preparation of Banking Awareness for Bank of Baroda PO and NIACL Assistant Mains 2017. These Banking questions will also help you in preparing for SBI PO Mains 2017, Bank of India and NICL AO Mains 2017 recruitment examination.

Q1. The Reserve Bank of India was established on-

(a) April 01st, 1936

(b) April 01st, 1934

(c) April 01st, 1921

(d) April 01st, 1935

(e) January 01st, 1949

Q2. The Reserve Bank of India was established in accordance with the provisions of the-

(a) Reserve Bank of India Act, 1934

(b) Reserve Bank of India Act, 1949

(c) Reserve Bank of India Act, 1921

(d) Banking Regulation Act, 1949

(e) State Bank of India Act, 1956

Q3. The Central Office of the Reserve Bank was initially established in ———–

(a) Delhi (New Delhi)

(b) Madras (Chennai)

(c) Calcutta (Kolkata)

(d) Bombay (Mumbai)

(e) None of the above

Q4. The Central Office of the Reserve Bank was permanently moved to ____________ in 1937.

(a) Hyderabad

(b) Nagpur

(c) Kolkata

(d) New Delhi

(e) Mumbai

Q5. Reserve Bank is fully owned by____________

(a) Finance Ministry

(b) Government of India

(c) Central Board of Direct Taxes (CBDT)

(d) State Government

(e) NABARD

Q6. In which among the following year RBI was nationalized?

(a) 1949

(b) 1934

(c) 1921

(d) 1956

(e) 1945

Q7. The Reserve Bank’s affairs are governed by a central board of directors. The board is appointed by the ____________ in keeping with the Reserve Bank of India Act. 

(a) Reserve Bank of India (RBI)

(b) Government of India (GOI)

(c) Monetary Policy Committee (MPC)

(d) Cabinet Committee on Economic Affairs (CCEA)

(e) Finance Ministry (FM)

Q8. Who is the present Governor of RBI?

(a) SS Mundra

(b) BP Kanungo

(c) Urjit R Patel

(d) Ajay Tyagi

(e) Raghuram Rajan

Q9. The Reserve Bank of India performs financial Supervision function under the guidance of the BFS. BFS stands for-

(a) Bill for Financial Supervision

(b) Basel for Financial Supervision

(c) Banking for Financial Supervision

(d) Board for Financial Supervision

(e) Bureau of Financial Supervision

Q10. Primary objective of BFS is to undertake consolidated supervision of the financial sector comprises- 

(a) Commercial Banks 

(b) Financial Institutions

(c) Non-banking Finance Companies

(d) All of the above

(e) None of the above

Q11. DICGC is fully owned subsidiaries of RBI. What is the meaning of “I” in DICGC?

(a) International

(b) Investment

(c) Indian

(d) Industrial

(e) Insurance

Q12. National Housing Bank (NHB) is fully owned subsidiaries of-

(a) DICGC

(b) SIDBI

(c) SEBI

(d) NABARD

(e) RBI

Q13. Who was the first Indian Governor of RBI?

(a) Osborne Smith 

(b) CD Deshmukh 

(c) PC Bhattacharya

(d) Benegal Rama Rau

(e) M Narasimham

Q14. Who was the first Governor of RBI?

(a) James Taylor

(b) Osborne Smith

(c) N C Sen Gupta

(d) I G Gayle

(e) None of the above

Q15. Which among the following function is not of RBI?

(a) Manager of Foreign Exchange

(b) Formulates implements and monitors the monetary policy

(c) Banker to the Government

(d) Issues and exchanges or destroys currency and coins not fit for circulation

(e) Regulator of capital markets

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