Dear Readers,
Welcome to the world of Banking and Financial Awareness. With SBI PO Prelims round the corner, it should be your priority to cover every aspect of Banking and Financial Awareness on daily basis. Let us see how many questions you attempt accurately.
Welcome to the world of Banking and Financial Awareness. With SBI PO Prelims round the corner, it should be your priority to cover every aspect of Banking and Financial Awareness on daily basis. Let us see how many questions you attempt accurately.
Q1. Which of the following is correct-?
(a) Reserve Bank of India Act, 1935
(b) Reserve Bank of India Act, 1934
(c) Reserve Bank of India Act, 1930
(d) Reserve Bank of India Act, 1921
(e) None of the given options is true
Q2. Which among the following year, “second time nationalisation” of more than 5 banks were conducted?
(a) 1975
(b) 1980
(c) 1985
(d) 1991
(e) None of the given options is true
Q3. NABARD was established on the recommendations of-
(a) Shivaraman Committee
(b) Malhotra Committee
(c) Kumarmangalam Committee
(d) Rangarajan Committee
(e) None of the given options is true
Q4. BFS stands for-
(a) Board for First Supervision
(b) Bureau for Financial Supervision
(c) Board for Financial Supervision
(d) Board for Financial System
(e) Board for Financial Service
Q5. Management of RBI consists of (Regarding Governor and Deputy Governors)-
(a) One Governor and not more than four Deputy Governors
(b) Two Governor and not more than four Deputy Governors
(c) One Governor and not more than three Deputy Governors
(d) Four Governors and not more than one Deputy Governor
(e) Three Governor and not more than two Deputy Governors
Q6. Which among the following years, the BFS was constituted?
(a) November 1969
(b) November 1956
(c) November 1949
(d) November 1982
(e) November 1994
Q7. National Bank for Agriculture and Rural Development (NABARD) came into existence on-
(a) 08th July 1982
(b) 19th July 1982
(c) 12th July 1982
(d) 05th November 1982
(e) 01st January 1982
Q8. NABARD was set up essentially as a development bank for promoting-
(a) Agriculture Development only
(b) Rural Development only
(c) Industry only
(d) Both (a) and (b)
(e) None of the given options is true
Q9. Which among the following is correct about objectives of BFS?
(a) To undertake consolidated supervision of the financial sector
(b) Financial Sector comprising commercial banks
(c) Financial institutions and non-banking finance companies
(d) All of the above
(e) None of the given options is true
Q10. Who is the present governor of Reserve Bank of India (RBI)?
(a) Duvvuri Subbarao
(b) Raghuram Govind Rajan
(c) Viral V Acharya
(d) Urjit R Patel
(e) Nachiket M Mor
Q11. Commercial Banks refer to both scheduled and non-scheduled commercial banks which are regulated under Banking Regulation Act, 1949. Scheduled Banks are classified into-
(a) State Bank of India and its Associates
(b) Nationalised Banks
(c) Regional Rural Banks (RRBs)
(d) Foreign Banks
(e) All of the above
Q12. How many banks were nationalized as on 19th July 1969?
(a) 15
(b) 13
(c) 14
(d) 06
(e) 19
Q13. Bank of Hindustan was established in which year?
(a) 1700
(b) 1770
(c) 1780
(d) 1719
(e) 1721
Q14. Under which act, State Bank of India (SBI) was given control of 8 state associated banks-
(a) Banking Regulation Act, 1949
(b) State Bank of India Act, 1955
(c) Reserve Bank of India Act, 1934
(d) Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980
(e) State Bank of India Subsidiary Banks) Act, 1959
Q15. The BFS’s board member are appointed for term of-
(a) two years
(b) three years
(c) four years
(d) one years
(e) five years
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