Banking Awareness 1st October 2019: Updates Quiz

Banking Awareness 1st October 2019: Daily Banking Awareness quiz is playing a major role in any competitive exam. so here we are providing the current affairs quiz on daily basis for Bank, SSC & Railway Exams you can also read previous quizzes from Here

Q1. Where was the first Headquarters of Reserve Bank of India (RBI)?

(a) New Delhi

(b) Lucknow

(c) Kolkata

(d) Chennai

(e) None of these

”Answer

Q2. Who has been appointed as the new Managing Director of National Housing Bank (NHB) for a period of three years?

(a) Ashwani Kumar Tripathi

(b) Sarada Kumar Hota

(c) Sriram Kalyanaraman

(d) Dakshita Das

(e) None of these

[su_spoiler title=”Answer & Explanation” open=”no” style=”fancy” icon=”plus” anchorAns.2.(b)

Exp. Canara Bank General Manager Sarada Kumar Hota has been appointed as the managing director of the National Housing Bank (NHB), the finance ministry said. The appointment comes nine months after Sriram Kalyanaraman’s forced resignation amid allegations of irregularities and misconduct against him.

Q3. The Reserve Bank of India has imposed penalties on four state-run lenders for violating Know Your Customer norms and anti-money laundering standards. Which of the following bank is not among the penalised banks?

(a) UCO Bank

(b) Syndicate Bank

(c) Allahabad Bank

(d) Punjab National Bank

(e) Corporation Bank

”Answer

Q4. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is established by Reserve Bank of India in which year?

(a) 1988

(b) 1992

(c) 1990

(d) 1995

(e) None of these

[su_spoiler title=”Answer & Explanation” open=”no” style=”fancy” icon=”plus” anchorAns.4.(d)

Exp. The Reserve Bank established BRBNMPL in February 1995 as a wholly-owned subsidiary to augment the production of bank notes in India and to enable bridging of the gap between supply and demand for bank notes in the country. The BRBNMPL has been registered as a Public Limited Company under the Companies Act, 1956 with its Registered and Corporate Office situated at Bengaluru. The company manages two Presses, one at Mysore in Karnataka and the other at Salboni in West Bengal.

Q5. NABARD was established on the recommendations of which Committee and it was established on which date?

(a) Tandon Committee and 19 July 1982

(b) Rangrajan Committee and 28 July 1982

(c) B.Sivaraman Committee and 12 July 1982

(d) Sivaraman Committee and 19 July 1982

(e) Rangrajan Committee and 12 July 1982

”Answer

Q6. When was the Small Industrial Development Bank of India (SIDBI) established?

(a) 2 January 1990

(b) 2 December 1982

(c) 2 April 1982

(d) 2 December 1990

(e) 2 April 1990

[su_spoiler title=”Answer & Explanation” open=”no” style=”fancy” icon=”plus” anchorAns.6.(e)

Exp. Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.

Q7. Repo rate and reverse repo rate are the part of _____________ of RBI.

(a) Capital Adjustment Facility

(b) Marginal Standard Facility

(c) Liquidity Adjustment Facility

(d) Credit Standard Facility

(e) None of these

”Answer

Q8. The Government of India, the Government of Jharkhand and the ____________________ signed a $147 Million Loan Agreement.

(a)Asian Infrastructure Investment Bank

(b) World Bank

(c)Asian Development Bank

(d)World Trade Organization

(e) None of these

[su_spoiler title=”Answer & Explanation” open=”no” style=”fancy” icon=”plus” anchorAns.8.(b)

Exp. The Government of India, the Government of Jharkhand and the World Bank signed a $147 million loan agreement to provide basic urban services to the people of Jharkhand and help improve the management capacity of the urban local bodies (ULBs) in the state.

Q9. The Reserve Bank of India stated that India’s Current Account Deficit (CAD) increased to $57.2 billion or _______% of the Gross Domestic Product (GDP) in FY19 as against 1.8% of 2018 which stood at $48.7 billion.

(a)2.1%

(b)2.0%

(c)2.3%

(d)2.2%

(e) None of these

”Answer

Q10. Asia’s first EPZ was set up in-

(a) Kandla, Gujarat

(b) Indore, Madhya Pradesh

(c) Kolhapur, Maharashtra

(d) Kochin, Kerala

(e) Haridwar, Uttarakhand

[su_spoiler title=”Answer & Explanation” open=”no” style=”fancy” icon=”plus” anchorAns.10.(a)

Exp. India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla, Gujarat in 1965.

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