GK Quiz - Banking

Q1)-A Reserve Bank of India (RBI) committee has recommended conversion of Urban Cooperative Banks (UCBs) with business size of 20,000 crore rupees or more into regular banks. This recommendation was given by the High Powered Committee on UCBs headed by ___.

Deepak Mohanty

Urjit Patel

MB Shah

R Gandhi

Ans.- D

Q2)-The Public Provident Fund is savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. What is the minimum amount to be invested in PPF account?

Rs 100

Rs 500

Rs 1000

Rs 200

Ans.- B

Q3)-The transitional period for full implementation of Basel III Capital Regulations in India is extended upto?

March 1, 2018

March 31, 2019

April 1, 2018

April 30, 2018

Ans.- B

Q4)-RBI has increased the limit for foreign exchange (FOREX) remittances under Liberalised Remittance Scheme (LRS) from $125,000 to _____ per person per year.

$250,000

$150,000

$130,000

$20,000

Ans.- A

Q5)-According to the guidelines released by RBI, a Payments banks can open small savings accounts and accept deposits of up to ___.

10 lakh

5 lakh

3 lakh

2 lakh

Ans.- D

Q6)-Which bank has launched “Saral-Rural Housing Loan’ scheme for weaker sections of society?

Axis Bank

SBI

ICICI

Yes Bank

Ans.- C

Q7)-What is the minimum capital requirement for New Banks in the Private Sector

Rs. 200 crore

Rs. 300 crore

Rs. 500 crore

Rs. 600 crore

Ans.- C

Q8)-Many times we read a term ‘ECB’ in financial newspapers. What is the full form of ECB?

Essential Commercial Borrowing

Essential Credit and Borrowing

External Credit and Business

External Commercial Borrowing

Ans.- D

Q9)-Which among the following banks had launched 'Dhanchayat', an educational film to raise awareness on the dangers of borrowing money from unorganised sources?

Axis

ICICI

HDFC

SBI

Ans.- C

Q10)-Which among the following has launched a Smart Humsafar Plan, a unique plan which offers multiple benefits of savings and insurance cover for husband and wife under a single policy?

ICICI Prudential

SBI Life

NIACL

LIC

Ans.- B

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GK Quiz - Banking

Q1)-The term “Bill of exchange” is defined under _____

Section 6 – Negotiable Instrument Act–1881

Section 5(b) – Banking Regulation Act –1949

Section 6 – Credit Information Companies (Rules & Regulation) Act–2005

Section 5 – Negotiable Instrument Act–1881

Ans.- D
Explanation: Section 5 – Negotiable Instrument Act–1881: A “bill of exchange” is an instrument containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of the instrument.

Q2)-Which of the following defines “Promissory Notes”?

Negotiable Instrument Act–1881

Credit Information Companies (Rules & Regulation) Act–2005

Banking Regulation Act –1949

None of these

Ans.- A
Explanation: Section 4 – Promissory note A “promissory note” is an instrument containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument.

Q3)-An account is considered dormant when there is no transaction through it for more than _____

12 months

6 months

18 months

24 months

Ans.- D
Explanation: An account is considered inactive or unclaimed when there is no transaction through it for more than 24 months.

Q4)-An account is considered inactive or unclaimed when there is no transaction through it for more than _____

6 months

18 months

12 months

24 months

Ans.- C
Explanation: An account is considered inactive or unclaimed when there is no transaction through it for more than 12 months.

Q5)-An Agreement to exchange one currency with another, at a specific rate of exchange is known as _____

Bank Rate

Base Rate

ECB

Currency Swap

Ans.- D
Explanation: An Agreement to exchange one currency with another, at a specific rate of exchange is known as Currency Swap.

Q6)-Which of the following is an instrument used in India to facilitate the access to foreign money by Indian corporations and PSUs?

Base Rate

ECB

Bank Rate

Currency Swap

Ans.- B
Explanation: External Commercial Borrowing(ECB) is an instrument used in India to facilitate the access to foreign money by Indian corporations and PSUs.

Q7)-The term “Cheque” is defined under _____

Section 6 – Credit Information Companies (Rules & Regulation) Act–2005

Section 6 – Negotiable Instrument Act–1881

Section 5(b) – Banking Regulation Act –1949

Section 5 – Negotiable Instrument Act–1881

Ans.- B
Explanation: The term “Cheque” is defined under Section 6 of the Negotiable Instrument Act–1881

Q8)-The ____ of Banking Regulation Act, 1949 deals with “Reserve Fund”

Section 16

Section 17

Section 18

Section 19

Ans.- B
Explanation: The Section 17 of Banking Regulation Act, 1949 deals with “Reserve Fund”

Q9)-Which of the following section of Banking Regulation Act, 1949 deals with “Cash Reserve”?

Section 16

Section 17

Section 18

Section 19

Ans.- C
Explanation: The Section 18 of Banking Regulation Act, 1949 deals with “Cash Reserve”

Q10)-Which of the following section of Banking Regulation Act, 1949 deals with licensing of banking companies?

Section 16

Section 22

Section 23

Section 24

Ans.- B
Explanation: The Section 22 of Banking Regulation Act, 1949 deals with licensing of banking companies.

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GK Quiz

Q1)-The best indicator of economic development of any country is

Its agriculture

Its transport

Its gross production

Its per capita income

Ans.- D

Q2)-The progress in increase of fish production was called

Yellow revolution

Blue revolution

Brown revolution

White revolution

Ans.- B

Q3)-For which of the following disciplines is Nobel Prize awarded?

Physics and Chemistry

Physiology or Medicine

Literature, Peace and Economics

All of the above

Ans.- D

Q4)-Epsom (England) is the place associated with

Horse racing

Shooting

Snooker

Polo

Ans.- A

Q5)-Golf player Vijay Singh belongs to which country ?

Fiji

India

USA

UK

Ans.- A

Q6)-Chlorophyll is a naturally occurring chelate compound in which central metal is

copper

magnesium

calcium

iron

Ans.- B

Q7)-The hardest substance available on earth is

Platinum

Gold

Diamond

Iron

Ans.- C

Q8)-‘OS’ computer abbreviation usually means ?

Optical Sensor

Order of Significance

Open Software

Operating System

Ans.- D

Q9)-Which of the following is used in pencils?

Phosphorous

Charcoal

Graphite

Silicon

Ans.- C

Q10)-When is the World Population Day observed?

December 10

July 11

May 31

October 4

Ans.- B

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GK Quiz

Q1)-India's first International Financial Services Centre opened at _____.

Gujarat

West Bengal

Maharashtra

Rajasthan

Ans.- A

Q2)-A Reserve Bank of India (RBI) committee has recommended conversion of Urban Cooperative Banks (UCBs) with business size of 20,000 crore rupees or more into regular banks. This recommendation was given by the High Powered Committee on UCBs headed by ___.

Deepak Mohanty

Urjit Patel

MB Shah

R Gandhi

Ans.- D

Q3)-The Public Provident Fund is savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. What is the minimum amount to be invested in PPF account?

Rs. 100

Rs. 500

Rs. 1000

Rs. 200

Ans.- B

Q4)-The transitional period for full implementation of Basel III Capital Regulations in India is extended upto?

March 1, 2018

March 31, 2019

April 1, 2018

April 30, 2018

Ans.- B

Q5)-Which bank has launched “Saral-Rural Housing Loan’ scheme for weaker sections of society?

Axis Bank

SBI

HDFC

ICICI

Ans.- D

Q6)-What is the minimum amount to be invested under Sukanya Samriddhi Scheme?

Rs. 500

Rs. 1000

Rs. 1500

No ceiling

Ans.- B

Q7)-Many times we read a term ‘ECB’ in financial newspapers. What is the full form of ECB?

Essential Commercial Borrowing

Essential Credit and Borrowing

External Credit and Business

External Commercial Borrowing

Ans.- D

Q8)-Which among the following banks had launched 'Dhanchayat', an educational film to raise awareness on the dangers of borrowing money from unorganised sources?

HDFC

Axis Bank

SBI

Yes Bank

Ans.- A

Q9)-Which among the following has launched a Smart Humsafar Plan, a unique plan which offers multiple benefits of savings and insurance cover for husband and wife under a single policy?

ICICI Prudential

SBI Life Insurance

NIACL

HDFC ERGO

Ans.- B

Q10)-What is the maximum monthly pension for the subscribers under Atal Pension Yojana?

Rs 2000

Rs 3000

Rs 4000

Rs 5000

Ans.- D

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GK Quiz

Q1)-Which of the following is not a correct statement with respect to Masala Bonds?

They allow Indian companies to raise overseas debts in Indian currency

Interest Payment on Masala Bonds is in Indian Rupee

Most popular market for Masala Bonds is New York currently

All of the above are correct statements

Ans.- C

Q2)-Apart from Google, which of the following is a correct set of subsidiaries of Alphabet Inc.?

Calico, DeepMind, Nest Labs, Waymo

Calico, Softimage, NetCarta, Firefly

DeepMind, NestLabs, Instagram, Whatsapp

Calico, Instagram, Nest Labs, Waymo

Ans.- A

Q3)-The “India Pharma & India Medical Device-2017” conference will be held in which city?

Chennai

Kolkata

Guwahati

Bengaluru

Ans.- D

Q4)-“C25” India’s first indigenously developed high thrust cryogenic rocket engine has successfully ground-tested by the ISRO for which rocket vehicle?

GSLV-Mark-II

GSLV-Mark-IV

GSLV-Mark-V

GSLV-Mark-III

Ans.- D

Q5)-Which Indian doctor has been selected for the 2017 Ophthalmology Hall of Fame?

C P Thakur

Gullapalli N. Rao

Lakshmanaswami Mudaliar

Aroup Chatterjee

Ans.- B

Q6)-Which Target Olympic Podium (TOP) committee has been constituted by the Union Government to identify athletics for 2020 and 2024 Olympic Games?

Anjali Bhagwat committee

Karnam Malleshwari committee

Abhinav Bindra committee

Prakash Padukone committee

Ans.- C

Q7)-The 2017 National Immunization Day (NID) is celebrated on which date in India?

January 28

January 29

January 30

January 27

Ans.- B

Q8)-Who has won the 2017 Men’s singles Syed Modi Grand Prix Gold badminton tournament?

Sai Praneeth

Srikanth Kidambi

Sameer Verma

Kashyap Parupalli

Ans.- C

Q9)-The book “Mother Teresa: The Final Verdict” has been authored by whom?

Nitin Bose

Ritika Bhattacharya

Aroup Chatterjee

Kanishka Gupta

Ans.- C

Q10)-Who has been appointed as the new chief of Board of Control for Cricket in India (BCCI)?

Diana Edulji

Vikram Lamaye

Rahul Johri

Vinod Rai

Ans.- D

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GK Quiz

Q1)-First Multi- Currency Contactless Card service launched by ____.

HDFC Bank

Axis Bank

ICICI Bank

SBI

Ans.- B

Q2)-“Buddy” is a mobile app which aims at providing convenient and secure digital payment system to its customers, launched by which among the following banks?

SBI

ICICI

HDFC

Axis Bank

Ans.- A

Q3)-What is the minimum denomination of Treasury bills to issue in India?

RS 20,000

Rs 25, 000

Rs 30,000

Rs 35,000

Ans.- B

Q4)-In CRAR, A stands for:

Application

Accounts

Assets

Alternate

Ans.- C

Q5)-_______ is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.

CRR

SLR

Call Money

MSF

Ans.- D

Q6)-The availability of cash and other cash-like marketable instruments that are useful in purchases and investments are commonly known as:

Cash Crunch

Liquidity

Credit

Marketability

Ans.- B

Q7)-What is the maximum value to be stored in a prepaid card?

No Limit

Rs 10,000

Rs 5,000

Rs 50,000

Ans.- D

Q8)-Reserve Bank of India (RBI) has constituted a committee to prepare a 5 year action plan to spread the reach of financial services across country to unbanked population. The committee will be headed by ____.

Nachiket Mor

KC Chakraborty

Deepak Mohanty

Anand Siha

Ans.- C

Q9)-Money lent for one day is called:

Call money

Notice money

Term Money

All of the above

Ans.- A

Q10)-Treasury bills or T-bills, which are money market instruments, are short term debt instruments issued by ____.

Reserve Bank of India

Individual Banks

Government of India

IRDA

Ans.- C

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GK Quiz

Q1)-Rupee coins are the legal tender in India under the provisions of _________

Banking Regulation Act, 1949

Reserve Bank of India Act, 1934

Indian Coinage Act, 1906

Negotiable Instruments Act, 1881

Ans.- C

Q2)-Which bank has launched India’s first digital branch in Gurugram?

ICICI

Axis Bank

South Indian Bank

Indusind Bank

Ans.- D

Q3)-Which of the following banks introduced the first ATM in India?

HSBC

SBI

ICICI Bank

Axis Bank

Ans.- A

Q4)-How many digits code are there in Mobile Money Identifier (MMID)?

Six Digit code

Seven Digit code

Eight Digit code

Nine Digit code

Ans.- B

Q5)-What is Gross Domestic Product(GDP)?

It is the market value of all final goods and services made in the country.

It is the Cost production of all final goods and services made in the country.

It is the Cost services of all final goods and services made in the country.

It is the market value of all final goods and services made within the borders of a country in a year.

Ans.- D

Q6)-World’s first Bitcoin ATM located in _________

US

Brazil

Canada

UK

Ans.- C

Q7)-Section 18 of Reserve Bank of India Act, 1934 deals with _______

Selling of Government Securities

Emergency loans to banks

Issuing & accepting of Promissory notes

Issuing of Currency notes

Ans.- B

Q8)-Who was known as the “Father of Economics”?

Amartya Sen

Karl Marx

Adam Smith

George Loewenstein

Ans.- C

Q9)-CGTMSE stands for

Central Government Fund Trust for Medium Size Enterprises

Credit Guarantee Fund Trust for Micro Small Enterprises

Credit Guarantee Fund Transfer for Medium Size Enterprises

Central Government Fund Transfer for Medium Size Enterprises

Ans.- B

Q10)-India became the _______ country in the world to have a bank especially for women.

3

4

5

6

Ans.- A

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GK Quiz

Q1)-Which planet is smallest in size in solar system ?

Mercury

Venus

Mars

Saturn

Ans.- A

Q2)-What is Autarchy ?

Gradual increase of economy.

Gradual decline of economy.

Self sufficiency and self reliance of economy.

Dependence of economy on external factors.

Ans.- C

Q3)-The head quarters of world trade organisation is in

Montreal

Geneva

New Jersey

Seatle

Ans.- B

Q4)-Imperial Bank of India was old name of ?

State Bank of India

United Bank of India

Central Bank of India

Punjab National Bank

Ans.- A

Q5)-The acid generally stored in batteries is

Nitric Acid

Hydrochloric Acid

Sulphuric Acid

Acetic Acid

Ans.- C

Q6)-Liability- side of the balance-sheet comprises:

Capital and reserve

Long-term liabilities

Current liabilities

All of the above

Ans.- D

Q7)-In terms of area India is ____ largest area in the world

Fifth

Sixth

Seventh

Eighth

Ans.- C

Q8)-Currency notes deposited in the currency chest are the property of ____?

Respective bank

RBI

SBI

Government of India

Ans.- B

Q9)-National Bank for Agriculture and Rural Development (NABARD) was established in ?

1980

1981

1982

1983

Ans.- C

Q10)-Bleaching action of chlorine is by

decomposition

hydrolysis

reduction

oxidation

Ans.- A

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GK Quiz

Q1)-The national calendar of India was adopted in

1953

1955

1957

1959

Ans.- C

Q2)-Cuqenam, Tugela and Grey Kamarang are the names of

shipping canals

straights

mountains

waterfalls

Ans.- D

Q3)-Khaperkheda Thermal Power Station is located in which state ?

Maharashtra

Madhya Pradesh

Chhattisgarh

Gujarat

Ans.- A

Q4)-Entomology is the science that studies

The formation of rocks

Insects

Behavior of human beings

The origin and history of technical and scientific terms

Ans.- B

Q5)-Galileo was an Italian astronomer who

discovered four satellites of Jupiter

developed the telescope

discovered that the movement of pendulum produces a regular time measurement

All of the above

Ans.- D

Q6)-Garampani sanctuary is located at

Junagarh, Gujarat

Diphu, Assam

Kohima, Nagaland

Gangtok, Sikkim

Ans.- B

Q7)-ICAO stands for

International Civil Aviation Organization

Indian Corporation of Agriculture Organization

Institute of Company of Accounts Organization

None of the above

Ans.- A

Q8)-The Nameri Tiger Reserve is in

Madhya Pradesh

Assam

Arunachal Pradesh

Karnataka

Ans.- B

Q9)-India has largest deposits of ____ in the world.

gold

copper

mica

None of the above

Ans.- C

Q10)-Longest Railway Platform in India is in

Bengaluru

Chennai

Gorakhpur

Delhi

Ans.- C

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GK Quiz

Q1)-Which state will become the Indian state to opt for electronic transmission of postal ballot to service voters ?

Uttar Pradesh

Uttarakhand

Punjab

Goa

Ans.- D

Q2)-The National Girl Child Day is celebrated on which day in India ?

January 22

January 23

January 24

January 25

Ans.- C

Q3)-“Wave N Pay” contactless card has been launched by which of the following banks?

State Bank of India (SBI)

ICICI Bank

Axis Bank

Punjab National Bank (PNB)

Ans.- D

Q4)-The 2017 Pakke-Paga Festival has been held in which state?

Arunachal Pradesh

Andhra Pradesh

West Bengal

Mizoram

Ans.- A

Q5)-“e-health project” will be launched by which state government with support of World Bank (WB)?

Assam

Kerala

Andhra Pradesh

Karnataka

Ans.- B

Q6)-Jaswant Rai Sharma, who passed away recently, was the renowned poet of which language?

Telugu

Odia

Tamil

Urdu

Ans.- D

Q7)-Who will be the new Chief Executive Officer (CEO) of Khadi & Village Industries Commission (KVIC) ?

S Jaishankar

Rina Mitra

Anshu Sinha

Arun Kumar Jha

Ans.- C

Q8)-The book “You Got Magic” has been authored by whom ?

Neel Madhav

Tishani Doshi

Arun Kolatkar

T D Ramakrishnan

Ans.- A

Q9)-The Williamson Diamond Mine is located in

Algeria

Nigeria

South Africa

Tanzania

Ans.- D

Q10)-The headquarter of Mercedes-Benz is located in

Berlin

Munich

Frankfurt

Stuttgart

Ans.- D

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GK Quiz

Q1)-Which of the following is NOT a VIRAL disease?

Yellow fever

AIDS

Leprosy

Measles

Ans.- C

Q2)-Panchatantra was written by

Panini

Kalidasa

Vishnu Sharma

Banabhatta

Ans.- C

Q3)-Cinnabar is an ore of

Lithium

Mercury

Zinc

Iron

Ans.- B

Q4)-On which river bank is Goa located?

Mandovi

Ganga

Gomati

Sabarmati

Ans.- A

Q5)-Who is the first sportsperson to receive Bharat Ratna?

PT Usha

Sachin Tendulkar

Milkha Singh

None of these

Ans.- B

Q6)-The average salinity of sea water

2 %

2.5 %

3 %

3.5 %

Ans.- D

Q7)-Which of the following is the chemical name of Quartz?

Calcium Oxide

Calcium Sulphate

Magnesium Sulphate

Sodium Silicate

Ans.- D

Q8)-The upper age limit for appointment as a judge of High court is

62 years

65 years

68 years

70 years

Ans.- A

Q9)-Who wrote the book “A Tale of Two Cities”?

E.M. Forster

Jane Austen

Charles Dickens

Jonathan Swift

Ans.- C

Q10)-Donald John Trump has been sworn in as the _________ President of United States of America.

42

43

45

47

Ans.- C

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