Banking Quiz 34

Bankers Adda is also known as 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. When were banknotes in the Mahatma Gandhi Series introduced?

(a) 1991
(b) 1995
(c) 1996
(d) 2000
(e) None of these

2.  Banknotes can be issued in any denominations but coins can be issued up to what denomination?

(a) Rs. 5000
(b) Rs. 1000
(c) Rs. 500
(d) Rs. 100
(e) None of these

3. Who nominates directors on the central board of RBI?

(a) Governor of RBI
(b) Government of India
(c) A Panel of all commercial banks
(d) Empowered group of ministers
(e) None of these

4.  What is the meaning of ‘I promise to pay’ clause written on notes?

(a) The bank’s obligation to pay the value of banknote does not arise out of a contract but out of statutory provisions.
(b) The bank’s obligation to pay the value of banknote does arise out of a contract but not out of statutory provisions.
(c)  This obligation is neither due to a contract nor a statutory provision.
(d) It means that to pay you the value, there is sovereign guaranty.
(e) None of these.

5.  The maximum limit of RTGS is

(a) 10 Lakhs
(b) 50 Lakhs
(c) 100 Lakhs
(d) No limit
(e) None of these

6.  At present, in how many denominations, banknotes in India issued?

(a) 05
(b) 07
(c) 08
(d) 06
(e) None of these

7.  The tax payers data flows directly from banks to Tax Information Network (TIN). Who maintains TIN?

(a) RBI
(b) National Securities Depository Ltd.
(c) National Securities Defense Ltd.
(d) Enforcement Directorate
(e) None of these

8.  Teaser loan are generally given for

(a) Home loans
(b) Car loans
(c) Personal loans
(d) Can be given on any loan
(e) None of these

9. Where is the headquarters of IBRD (International Bank for Reconstruction and Development) located?

(a) New York
(b) Washington D.C.
(c) London
(d) Bern
(e) None of these

10. Which of the following can be a measure to check Inflation?

(a) Increasing CRR
(b) Increasing taxation
(c) Suppressing public expenditure
(d) Surplus budgeting
(e) All of the above

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