Banking Awareness Quiz for NIACL AO MAINS|19th February 2019

Banking Awareness Quiz for NIACL AO MAINS

Improve your Banking with Banking quiz. Banking Quiz to help you improve your score for exams like Bank, SSC, Railway, UPSC, UPSSSC, CDS, UPTET, KVS, DSSSB and other Government exams.

Q1. Increase in remittances from non-resident Indians suggest—

(a) Increase in the balance of payments deficit in India

(b) Reduces the balance of payments deficit in India

(c) Has no effect on the balance of payments position

(d) All of the above

(e) None of the given options is true

Q2. Which of the following is not a method of credit control?

(a) Cash reserve ratio

(b) Open market operations

(c) Credit deposit ratio

(d) Bank rate policy

(e) None of the given options is true

Q3. The interest rate at which the RBI lends to commercial banks in the short term to maintain liquidity is known as—

(a) Interest rate

(b) Repo rate

(c) Reverse repo rate

(d) Bank rate

(e) Reverse Repo rate

Q4. What are the cooperative banks at the village level known as?

(a) Central cooperative banks

(b) Primary agricultural cooperative societies

(c) Village cooperative banks

(d) State cooperative banks

(e) None of the given options is true

Q5. Which nationalized bank was the first to sponsor a regional rural bank in India?

(a) Syndicate Bank

(b) Bank of India

(c) Union Bank of India

(d) Central Bank of India

(e) State Bank of India

Q6. The EBRD is an international financial institution. EBRD stands for-

(a) European Basel for Reconstruction and Development

(b) European Bank for Reconstruction and Department

(c) European Bank for Reconstruction and Development

(d) English Bank for Reconstruction and Development

(e) European Basic for Reconstruction and Development

Q7. Where is the Head Office of EBRD?

(a) Rome

(b) Vienna

(c) Berlin

(d) Geneva

(e) London

Q8. IIB is a multilateral institution for development that promotes social and economic development, prosperity, and economic cooperation between its member states. IIB stands for-

(a) International Investment Bank

(b) International Indian Bank

(c) International Installment Bank

(d) International Institution Bank

(e) International Important Bank

Q9. African Development Bank is coordinating the implementation of an integrated development strategy for Portuguese-speaking countries in Africa. In which among the following year African Development Bank was founded?

(a) 1984

(b) 1977

(c) 1972

(d) 1963

(e) 1967

Q10. Where is the head office of African Development Bank?

(a) Ouagadougou

(b) Abidjan

(c) Porto-Novo

(d) Accra

(e) Bamako

Solution

Ans.1.(b)

Exp. Reduces the balance of payments deficit in India.

Ans.2.(c)

Exp. Credit deposit ratio is not a method of credit control.

Ans.3.(b)

Exp. RBI lends to commercial banks in the short term to maintain liquidity is known as Repo rate.

Ans.4.(b)

Sol. Primary agricultural cooperative societies.

Ans.4.(a)

Exp. Syndicate Bank sponsored the first regional rural bank in India by name Prathama Bank in Moradabad district, Uttar Pradesh.

Ans.6.(c)

Exp. The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991.

Ans.7.(e)

Exp. The European Bank for Reconstruction and Development is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. The Head Office of EBRD is in London, UK

Ans.8.(a)

Exp. The International Investment Bank (IIB) is a multilateral institution for development that promotes social and economic development, prosperity, and economic cooperation between its member states. Main directions for its activities are the support of the small and medium-sized businesses and participation in financing socially significant infrastructure projects. The Bank provides loans primarily through leading domestic publicly owned financial institutions, development banks, export and import banks and agencies, or lends in partnership with other international institutions for development.

Ans.9.(d)

Exp. The African Development Bank (AfDB) Group is a regional multilateral development finance institution established to contribute to the economic development and social progress of African countries that are the institution’s Regional Member Countries (RMCs). The AfDB was founded following an agreement signed by member states on August 14, 1963, in Khartoum, Sudan, which became effective on September 10, 1964. The AfDB comprises three entities: the African Development Bank (ADB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF).

Ans.10.(b)

Exp. The head office of African Development Bank is in Abidjan, Cote d’Ivoire.

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