Banking Awareness Questions and Answers

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Q51
Note issuing deptt. of RBI should always possess the minimum gold stock of worth-
  • A Rs. 85 crore
  • B Rs. 115 crore
  • C Rs. 200 crore
  • D None of these
Answer: Option B
Q52
Which of the following does not grant any tax rebate ?
  • A National Saving Certificate
  • B Indira Vikas Patra
  • C National Saving Scheme
  • D Public Providend Fund
Answer: Option B
Q53
Ad hoc Treasury Bill System of meeting budget deficit in India was abolished on-
  • A 31 March, 1997
  • B 31 March, 1996
  • C 1 April, 1992
  • D 1 April, 1995
Answer: Option A
Q54
SEBI was established in-
  • A 1993
  • B 1992
  • C 1988
  • D 1990
Answer: Option C
Q55
The working of SEBI includes-
  • A To regulate the dealings of share market
  • B To check the foul dealings in share market
  • C To control the inside trading of shares
  • D All of these
Answer: Option D
Q56
The ‘Ad hoc Treasury Bill System’ of meeting budget deficit in India was replaced by ‘Ways and Means Advances System’ which has come into force on-
  • A March 31, 1997
  • B April 1, 1996
  • C April 1, 1997
  • D None of these
Answer: Option C
Q57
Fiscal deficit as a percentage of GDP was 4·0% in 2004–05 which increased in 2009–10 (Budget Estimates) to-
  • A 5·0%
  • B 5·1%
  • C 6·8%
  • D 6·0%
Answer: Option C
Q58
Which is the first Export Processing Zone declared as Free Trade Zone in India ?
  • A Kandla
  • B Noida
  • C Santacruz
  • D Falta
Answer: Option C
Q59
Which statement of the following is true for IMF ?
  • A It is not an agency of UNO
  • B It can grant loan to any country of the world
  • C It can grant loan to state Govt. of a country
  • D It grants loan only to member nations
Answer: Option D
Q60
TRAI has abolished ADC (Access Deficit Charge) on all types of calls w.e.f.-
  • A April 1, 2008
  • B April 30, 2008
  • C August 30, 2008
  • D October 30, 2008
Answer: Option D

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