Banking Quiz 11

Bankers Adda is also known Banking Quiz Adda.
Today Bankers Adda came back with a New Quiz on Banking.
Go through the quiz and if you have any doubts please contact bankers adda in the comment section.

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1. Expand UCB.

(a) Upper level co-operative bank
(b) United co-operative bank
(c) Urban co-operative bank
(d) Unified co-operative bank
(e) None of these

2. A Miniratna–Category–1 Status holding public sector company in India can incur expenditure on modernization, new projects as well as equipment purchase without the approval of the Government, up to:

[A]Rs 100 Crores
[B]Rs 500 Crores
[C]Rs 1000 Crores
[D]Rs 1500 Crores

3. We know that there are different methods of issuing notes across the countries. Which system our central bank follows?

(a) Percentage reserve system
(b) Minimum reserve system
(c) Minimum reserve system
(d) Proportional reserve system
(e) None of these

4. With reference to the Economic Growth of India in the previous five year plans, which among the following observations is / are correct?

1. The Growth rate in 11th five year plan was less than targeted
2. The growth rate achieved in 11th five year plan was more than the growth achieved in 10th plan

Choose the correct option from the codes given below:
[A]Only 1 is correct
[B]Only 2 is correct
[C]Both 1 & 2 are correct
[D]Neither 1 nor 2 is correct

5.  A major chunk of our country’s output is normally used for____.

(a) Public consumption
(b) Investment
(c) Private consumption
(d) Exports
(e) None of these

6. Under minimum reserve system, which RBI follows for issuing of currency, what is minimum reserve in crore that RBI has to hold necessarily?

(a) 200 crores
(b) 115 crores
(c) 85 crores
(d) 300 crores
(e) None of these

7. In which year , the Foreign Exchange Management Act (FEMA) came into force ?


8. Who among the following is known to have given the shortest ever interim budget speech in India?

[A]K.C. Neogy
[B]H.N. Bahuguna
[C]H. M. Patel
[D]Rajiv Gandhi

9. Which among the following is India’s first Oil refinery ?

[A]Guwahati Refinery
[B]Vishakhapatnam Refinery
[C]Digboi Refinery
[D]Barauni Refinery

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