Quiz 452 : GK for Bank PO Examinations

1.What does the following graph refer to ________?

(A)Repo Rate
(B)Reverse Repo Rate
(C)Cash Rerserve Ratio
(D)Interest Rates on Deposits

2.A person is not satisfied with the decision taken by “Banking Ombudsman”. Who will be the next appellate authority for him / her to approach to_______?
(A)Governor of RBI
(B)Deputy Governor of RBI
(C)RBI Local Boards
(D)Chairman of the concerned Bank

3.In which of the following conditions, an account becomes a NPA (Non Performing Asset) ?
(A)A bill purchased or discounted was overdue since last 87 days
(B)A cash Credit account is out of order for more than 90 Days
(C)Interest and Principal is not paid for not less than 75 days
(D)Where a loan taken in Rabi is not paid by coming up Kharif season

4.Which of the following Government gets the stamp duty collected on promissory notes?
(A)State Government 100%
(B)Central Government 100 %
(C)State Government 50% and Central Government 50%
(D)State Government 25% and Central Government 75%

5.Which among the following is the correct CRAR fixed for Regional Rural Banks in India?
(D)None of them

6.In context with the bank loan disbursements, a Crop maturing in minimum of which of the following periods is called a Short Term Crop?
(A)6 Months
(B)12 Months
(C)15 Months
(D)2 Years

7.Which among the following is the incorrect statement:
(A)RBI is the sole authority to mint and distribute coins in India.
(B)For distribution of coins RBI has more than 4000 Currency Chests
(C)The Currency Chests can be both Private and Government Banks
(D)A coin of maximum Rs. 1000 can be minted in India

8.”Miadi Hundi” is very much similar in features of which of the following?
(A)A post dated Cheque
(B)A demand Draft
(C)A usance Bill of Exchange
(D)A Promissory Note

9.Who among the following works as head of the “Board for Financial Supervision” in India?
(A)Finance Minister
(B)RBI Governor
(C)Minister of State for Finance
(D)Independent head appointed by President

10.The concept of “Bancassurance” originated from which of the following countries?

11.Consider the following:
1. Open Market Operations
2. Liquidity Adjustment Facility
3. Market Stabilization Scheme
Which among the following is the correct order of their introduction?
(A)2 1 3
(B)1 2 3
(C)1 3 2
(D)3 2 1

12.At which of the following place is located a Note Printing Press that belongs to RBI?

13.In which year Public Debt Act was passed ?

14.A person has a Locker in a Bank. In this question the following statement holds correct:
(A)Bank is trustee and person is beneficiary
(B)Bank is Lessee and person is lessor
(C)Bank is lessor and person is lessee
(D)Bank is issuer and person is beneficiary

15.Who among the following heads the “Economic Intelligence Council ” in India?
(A)Finance Minister
(B)Prime Minister
(C)RBI Governor
(D)RBI-Deputy Governor

16.For how many years the Banks are required to keep the records of suspicious accounts?
(A)5 years
(B)8 years
(C)10 years
(D)15 years

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  • Anonymous

    Sir in nasik there is also a note printing machine ,is it not belong to rbi then who have authority over it

    plz sir describe it

  • monika

    what is A usance Bill of Exchange & "Miadi Hundi"?

  • Anonymous

    Please publish more quiz for PO Exams. These are really beneficial.

  • Anonymous

    i require more quiz for banks preparations. please increase the quantity of it.

  • Anonymous

    hello Sir,
    I apologise for being late in sending this mail.I got selection as PO in SBT ,and i joined on this november.
    I wish to thank you whole heartedly for the Bank quizes you posted and i used to follow up your daily gk updates .it helped me alotin prepartion for the written exams.

    Wishing you all the very best for the service you are doing.
    Thank you once again.

    JJ Dhanya
    [email protected]

  • Admin

    Congratulations my friend!
    Best wishes for your future plans

  • Anonymous

    Anonymous, 18 November, 2010
    question is cool.
    sir can u answer this one.