Mcq on Banking system of India

Banking system of India

WBCS PRELIMINARY

2017-3 MARKS
2016-0 MARKS
2015-5 MARKS
2014-3MARKS
2013-3 MARKS
2012-2MARKS

1. State Bank of India was formerly known as WBCS-1999

A)The Imperial Bank of India

B)The National Bank of India

C)The Central bank of India

D)The Industrial Bank of India

… Answer is -The Imperial Bank of India

2.The Reserve Bank of India is – WBCS-1999

A)A shareholder’s bank

B)A Government-owned Bank

C)A partly private and partly State-owner bank

D)A schedule Bank

… Answer is -A Government-owned Bank

3.Bank rate is an instrument of WBCS-1999

A)Credit Control

B)Reducing Fiscal Deficit

C)Reducing Deficit Financing

D)Increasing Tax Revenue

… Answer is -Credit Control

4.The term prudential norm is associated with WBCS-2002

A)Trade Policy

B)Banking Sector Reform

C)Industrial Policy

D)Agriculture Policy

… Answer is -Banking Sector Reform

5.Grand Bank is located near WBCS-2002

A)Newfoundland

B)Novascotia

C)U. K.

D)Norway

… Answer is -Newfoundland

6.The place where banks settle their mutual claims and accounts is known as a WBCS-2004

A)Treasury

B)Clearing House

C)Collection Centre

D)Stock Exchange 7.

… Answer is -Clearing House

7.In India, fourteen major commercial banks were nationalized in the year WBCS-2005

A)1949

B)1953

C)1969

D)1975

… Answer is -1969

8.What is the name of the Central Bank of India ? WBCS-2006

A)Central Bank of India

B)State Bank of India

C)Reserve Bank of India

D)Indian Overseas Bank

… Answer is -Reserve Bank of India

9.In which year was the Reserve Bank of Indian established? WBCS-2007

A)1935

B)1940

C)1947

D)1949

… Answer is -1935

10.Bank Rate is the rate WBCS-2008

A)At which banks lend money to the depositors

B)At which Reserve Bank of India lends money to Commercial Banks

C)The rate at which banks lend

D)None of the above

… Answer is -At which Reserve Bank of India lends money to Commercial Banks

11.Who maintains foreign exchange reserve in our country? WBCS-2008

A)Reserve Bank of India

B)State Bank of India

C)Minister of Finance, Govt. of India

D)Export-Import Bank of India

… Answer is – Reserve Bank of India

12.Which one of the following rates is not determined by the Reserve Bank of India? WBCS-2009

A)CRR

B)SLR

C)Repo Rate`

D)Prime Lending Rate

… Answer is -Prime Lending Rate

13.In order to control inflationary price rise, Reserve Bank directs banks to WBCS-2014

A)Reduce rate of interest on credit

B) Reduce Statutory Liquidity Ratio (SLR)

C)Increase Cash Reserve Ratio (CRR)

D)Buy bonds from capital market

… Answer is -Increase Cash Reserve Ratio (CRR)

14.Term loan for expansion of industries in India is mainly provided by WBCS-2014

A) Commercial Banks

B) Development Banks

C)Reserve Bank of India

D)Co-operative Bank

… Answer is – Development Banks

15.The credit co-operative institution at the village level is called WBCS-2015

A)Primary Agricultural Credit Society

B)Rural Agricultural Credit Society

C)Agricultural Loan Society

D)Rural Bank

… Answer is – Primary Agricultural Credit Society

16.Industrial credit is available from WBCS-2015

A) IDBI Important Points:

B)IFCI

C)SFCs

D)All of the above

… Answer is -All of the above

17.How many private commercial banks were nationalised in 1969 ? WBCS-2015

A)12

B)13

C)14

D)15

… Answer is -14

18.The one rupee currency notes of India are issued by WBCS-2016

A)The Ministry of Finance, Govt. of India

B)The Reserve Bank of India

C)The State Bank of India.

D)None of the above

… Answer is – The Ministry of Finance, Govt. of India

19.The EXIM Bank of India deals with WBCS-2016

A)The peasants of India.

B)The industrial workers of India

C)The exports and imports of India

D)the members of the Indian Parliament

… Answer is – The exports and imports of India

20.The SEBI was given statutory recognition in 1992 on the recommendation of WBCS-2017

A)the Chakraborty Commission.

B)the Chelliah Committee.

C)the Tendulkar Committee.

D)the Narasimham Committee.

… Answer is – the Narasimham Committee.

Banking system of India

WBCS PRELIMINARY

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