Banking Quiz 35

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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. Consider these statements:-

Statement I – One rupee note is the liability of GOI.
Statement II – Two rupee note is the liability of RBI.

(a) Both statements are true.
(b) Both are false.
(c) Statement I is true, whereas II is false.
(d) Statement I is false, whereas II is true.
(e) None of these.



2. Currently, RBI operates from ____ offices including branches.

(a) 25
(b) 26
(c) 27
(d) 28
(e) None of these



3.  Consider these statements:-

Statement I – RBI decides volume and value of banknotes to be printed.
Statement II – RBI decides volume and value of coins to be minted.

(a) Both are true.
(b) Both are false.
(c) Statement I is true, but statement II is false.
(d) Statement I is false, whereas II is true.
(e) None of these.




4. To enforce law and order Government of India has many agencies. SFIO is one of them. Expand it.

(a) Serious Fraud Interrogation Office
(b) Serious Fraud Investigation Office
(c) Serious Feud Interrogation Office
(d) Serious Fraud Interrogation Ordinance
(e) None of these.




5. Which of the following remains at the top of organizational structure of RBI?

(a) Governor
(b) Executive directors
(c) Central board of directors
(d) Chief general manager
(e) Principal chief general manager




6. Consider these statements:-

Statement I – A banknote carrying even a visible representation intended to convey a religious or political character, can be eligible for payment.

Statement II – The area of single largest undivided piece of note presented is less than or equal to 50% of the original area of the note for the denominations of Rs. 1, 2, 5, 10 and 20 can be eligible for payment.

(a) Both are false.
(b) Both are true.
(c) Statement I is true but II is false.
(d) Statement I is false but II is true.
(e) None of these



7.  Expand CIN with respect to OLTAS.

(a) Challan Identification Number
(b) Challan Identification Notary
(c) Channel Identification Number
(d) Challan Inventory Number
(e) None of these



8. Consider these statements:-

Statement I – Other than Rs. 1000 note, the security threads of the banknotes contain the word ‘Bharat’ in Devanagari script and ‘RBI’ alternatively.

Statement II – In Rs. 1000 note, the security thread contains the word ‘Bharat’ in Devanagari script, ‘1000’, and ‘RBI”.

(a) Both are false.
(b) Both are true.
(c) Statement I is true but II is false.
(d) Statement I is false but II is true.
(e) None of these




9.  Which of the following is considered as the founding  father of World Bank?

(a) Harry Dexter
(b) Lord Keynes
(c) LB Johnson
(d) Both (a) and (b)
(e) Both (a) and (c)



10. Consider these statements:-

Statement I – Rs. 1 banknote is still printed.
Statement II – Rs. 2 banknote is still printed.
Statement III – Rs. 5 banknote is still printed.

(a) Statement I is false but the other statements are true.
(b) All are true.
(c) All are false.
(d) Statement III is true, but the other statements are false.
(e) None of these.



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