Banking Awareness Questions for NABARD Prelims Exam 2017

Just a few days are left for NABARD Prelims Exam It is time to pace up your preparation of Banking Awareness for NABARD and IBPS Exam, These Banking questions will also help you in preparing for other upcoming banking recruitment examination.

Q1. PFRDA is responsible for the appointment of which of the following agency?

(a) Pension Fund Managers

(b) Custodian

(c) NPS Trustee Bank

(d) Central Record Keeping Agency (CRA)

(e) All of the above

Q2. Pension Fund Regulatory and Development Authority (PFRDA) is authorised by?

(a) GOI

(b) RBI

(c) Ministry of Commerce

(d) Ministry of Finance

(e) SEBI

Q3. The headquarters of Pension Fund Regulatory and Development Authority (PFRDA) is-

(a) Mumbai

(b) Hyderabad

(c) New Delhi

(d) Bangalore

(e) Kolkata 

Q4. Which of the following is an investment strategy in which a fund invests in other types of funds?

(a) Bond

(b) Securities

(c) Stock

(d) Funds of Fund

(e) None of the given options is true

Q5. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) was established by ____________  as its wholly owned subsidiary.

(a) NABARD

(b) RBI

(c) SBI

(d) SIDBI

(e) SEBI

Q6. An Agreement to exchange one currency with another, at a specific rate of exchange is known as-

(a) Currency Swap

(b) ECB

(c) Base Rate

(d) Bank Rate

(e) Import-Export

Q7. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) was established as its wholly owned subsidiary on-

(a) 1988

(b) 1992

(c) 2002

(d) 1995

(e) 1999

Q8. The BRBNMPL has been registered as a _____________ under the Companies Act 1956.

(a) Public Limited Company

(b) Foreign Limited Company

(c) Private Limited Company 

(d) All of the above

(e) None of the given options is true

Q9. Which of the following is an instrument used in India to facilitate the access to foreign money by Indian corporations and PSUs?

(a) Currency Swap

(b) ECB

(c) Base Rate

(d) Bank Rate

(e) NRO 

Q10. Where is the Corporate Office of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)?

(a) Mumbai

(b) Cochin

(c) Chennai

(d) Hyderabad

(e) Bengaluru

Q11. The DIC Bill was introduced in the Parliament on August 21st, 1961. What is the meaning of “D” in DIC?

(a) Distance

(b) Development

(c) Deposit

(d) Demand

(e) None of the above

Q12. DICGC stands for- 

(a) Deposit Investment and Credit Guarantee Corporation 

(b) Deposit Insurance and Credit Guarantee Corporation

(c) Deposit Insurance and Credit Guarantee Company 

(d) Demand Insurance and Credit Guarantee Corporation 

(e) Deposit Installment and Credit Guarantee Corporation 

Q13. DICGC came into existence on- 

(a) 15th July 1949

(b) 15th July 1961

(c) 15th July 1982

(d) 15th July 1972

(e) 15th July 1978

Q14. The authorised capital of the DICGC is 50 crore, which is fully issued and subscribed by-

(a) Government of India

(b) SIDBI

(c) NABARD

(d) RBI

(e) SEBI

Q15. Which type of Banks is covered under Deposit Insurance (DICGC) Scheme?

(a) All commercial banks including the branches of foreign banks functioning in India

(b) Local Area Banks 

(c) Regional Rural Banks

(d) All of the above

(e) None of the given options is true

Banking Awareness Questions for NABARD Prelims Exam 2017 (Solutions)