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BANKING NEWS MCQs

Banking, Banking Awareness

Total Questions : 234 | Page 4 of 24 pages
Question 31. The headquarters of UNIDO is ______
  1.    Vienna, Austria
  2.    Beijing, China
  3.    Manila, Philippines
  4.    Shanghai, China
 Discuss Question
Answer: Option A. -> Vienna, Austria




Question 32. The headquarters of AIIB is ______
  1.    Vienna, Austria
  2.    Beijing, China
  3.    Manila, Philippines
  4.    Shanghai, China
 Discuss Question
Answer: Option B. -> Beijing, China




Question 33. Who works as RBI's agent at places where it has no office of its own?
  1.    State Bank of India
  2.    Ministry of Finance
  3.    Government of India
  4.    International Monetary Fund
 Discuss Question
Answer: Option A. -> State Bank of India




Question 34. When were the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) published?
  1.    April 5, 2006
  2.    May 26, 2006
  3.    June 29, 2007
  4.    September 30, 2005
 Discuss Question
Answer: Option B. -> May 26, 2006


The Reserve Bank of India (RBI) published the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) on May 26, 2006. The grievance redressal
mechanism would be used to resolve disputes arising out of the decisions of the lending institutions' functionaries. Guidelines have also been outlined by the RBI for putting in place the Fair Practices Codes by
all NBFCs.


Question 35. Which of the following is true about the functions performed by RBI?
(i) It is the Bank of Issue
(ii) It acts as banker to the Government
(iii) It is the banker of other banks
(iv) It regulates the flow of credit
  1.    Both (i) and (ii)
  2.    Both (iii) and (iv)
  3.    All the above
  4.    None of the above
 Discuss Question
Answer: Option C. -> All the above


The Reserve Bank of India, as the central bank of the country, functions as the sole bank with the right of issuing paper notes, it acts as banker to the Government, it is the banker to other bank and it regulates the flow of credit.


Question 36. What does 'Nomination' for a deposit account in the bank mean?
  1.    Mandate was given by the close relatives of the depositor to settle the death claim in case of death of the depositor
  2.    Mandate decided by the bank to settle the death claim of its depositor
  3.    Mandate of the depositor in favor of one or more persons to claim the amount on death of the depositor
  4.    Mandate of the depositor in favor of a close relative who can claim the amount on death of the depositor
 Discuss Question
Answer: Option D. -> Mandate of the depositor in favor of a close relative who can claim the amount on death of the depositor




Question 37. The Reserve Bank of India was established on _______.
  1.    April 1, 1935
  2.    July 12, 1982
  3.    May 26, 2006
  4.    September 30, 2005
 Discuss Question
Answer: Option A. -> April 1, 1935


On April 1, 1935 the Reserve Bank of India, which is the central bank of this country, was established. It was originally started as a shareholders' bank with a share capital of Rs. 5 crores divided into shares of Rs. 100 each, fully paid-up. But since January 1949 the Reserve Bank has been nationalized and it is now purely a concern of the State. The Government of India holds the entire share capital of the bank which has been acquired by payment of compensation to the shareholders.


Question 38. Union Minister of State for Atomic Energy for Space is ___________
  1.    Piyush Goyal
  2.    Dr. Jitendra Singh
  3.    V. K. Singh
  4.    Maneka Gandhi
 Discuss Question
Answer: Option B. -> Dr. Jitendra Singh




Question 39. New TRAI (Telecom Regulatory Authority of India) Chairman is _________
  1.    R. S. Sharma
  2.    K. V. Chowdary
  3.    Prashant Pathrabe
  4.    Prof Sanghmitra Bandyopadhyay
 Discuss Question
Answer: Option A. -> R. S. Sharma




Question 40. ISRO achieved a huge milestone as it successfully tested latest and most powerful cryogenic engine for 800 seconds on 20th July 2015. This full duration test was performed successfully at _________
  1.    Thumba, Kerala
  2.    Sriharikota, Andhra Pradesh
  3.    Chandipur, Odisha
  4.    Mahendragiri, Tamilnadu
 Discuss Question
Answer: Option D. -> Mahendragiri, Tamilnadu




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