Quiz 454 : GK for Bank PO and Other Examinations

1.How many currencies are used in the Real Effective Exchange Rate (REER) that is both trade and export weighted indicator?

2.Which among the following statement is NOT correct about the Reserve Bank of India?
(A)RBI resumes the responsibility of meeting directly all the reasonable demands for accommodation
(B)RBI holds the Cash Reserves of the Banks
(C)RBI is an organ of the Government of India
(D)RBI is responsible for all banking operations of the State Governments

3.The Rate at which the Reserve Bank of India discounts the Bills of Exchange of the commercial Banks is known as the following?
(A)Base Rate
(B)Repo Rate
(C)Reverse Repo Rate
(D)Bank Rate

4.Consider the following:
1. Supply of Credit
2. Cost of Credit
Which among the above are affected by the Open Market Operations conducted by the Reserve Bank of India?
(A)Only 1
(B)Only 2
(C)Both of them
(D)None of them

5.The banks keep the Margin Requirements for the primary purpose of which of the following?
(A)To fulfill RBI requirements
(B)To keep themselves Basel II compliant
(C)To maintain a cushion against the decline of value of security
(D)To earn profit

6.Which among the following is NOT a quantitative measure of control ?
(A)Bank Rate Policy
(B)Open Market Operations
(C)Reserve Requirements
(D)Margin Requirements

7.Consider the following:
1. M1
2. M2
3. M3
4. M4
The Post office deposits are included in which of the above ?
(A)Only M2
(B)Only M1
(C)Only M3 & M4
(D)Only M2 & M4

8.Which among the following is India’s first broad based benchmark of the Indian capital market?
(C)S&P; CNX 500
(D)CNX PSE Index

9.Which among the following is the major functional area of the Asset Reconstruction Companies?
(A)Infrastructure Finance
(B)Short Term Loans
(C)Medium Term project Financing
(D)Non Performing Assets

10.Which among the following is essentially a debt under the seal of a company ?
(B)Preferential Share
(C)Zero Coupon Bond

11.Household sector in India invests maximum part of its savings in which of the following?
(B)Fixed Deposits
(C)Mutual Funds
(D)Government Securities

12.Consider the following:
1. SEBI Act
2. Companies Act
3. Depositories Act
4. Prevention of Money Laundering Act
Which among the following represents their correct year of enactment?
(A)1 2 3 4
(B)2 1 4 3
(C)2 1 3 4
(D)3 2 1 4

13.Which among the following is main objective of setting up of National Securities Clearing Corporation Ltd?
(A)Protecting the Interest of the investors
(B)Probe into the scams
(C)Protect the members from Counterparty Risk
(D)Provide a medium for security transactions

14.Consider the following statements:
1. FIIs have been permitted to invest in all types of securities except the government securities
2. The investments by FIIs enjoy full capital account convertibility
Which among the above statements is/ are correct ?
(A)Only 1 is correct
(B)Only 2 is correct
(C)Both are correct
(D)None of them is correct

15.As a part of financial sector reforms, the Reserve Bank has deregulated interest rates on which of the following?
(A)All Bank deposits
(B)All Bank deposits, other than savings bank deposits
(C)All Bank deposits, other than Current Account deposits.
(D)All Bank deposits, other than Fixed Deposits

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  • parthu

    good questions……thank u so much sir.

  • ms

    very good contents

  • Anonymous


  • Anonymous

    nice questions..!!! thanx

  • Anonymous

    very gd questions