BANKING SYSTEM MCQS SET 16

BANKING SYSTEM MCQS SET 16

151) The general superintendence and direction of the RBI is entrusted to the Central Board of
Directors which consists of:
A) 16 members
B) 4 directors
C) 20 members
D) 4 local boards
Answer: 20 members

  
152) Which of the following is correct as to the chronological order of nationalization?
A) RBI, SBI, 14 Banks, 6 Banks
B) SBI, RBI, 6 Banks, 14 Banks
C) 14 Banks, SBI, RBI, 6 Banks
D) RBI, 6 Banks, SBI, 14 Banks
Answer: RBI, SBI, 14 Banks, 6 Banks

    
153) Which of the following is/are major functions of the Reserve Bank of India?
1. Note Issue
2. Banker to Government
3. Banker's Bank
4. Custodian of Exchange Reserves
A) 1, 2 and 3
B) 2, 3 and 4
C) 1 and 3
D) 1, 2, 3 and 4
Answer: 1, 2, 3 and 4
    

154) Which of the following is NOT a function of the Reserve Bank of India?
A) Acceptance of deposits from public
B) Controller of Credit
C) Note Issue
D) Banker's Bank
Answer: Acceptance of deposits from public
    

155) Who among the following is the first Governor of the Reserve Bank of India from 1
April 1935 to 30 June 1937?
A) Sir James Taylor
B) Sir Osbrone Smith
C) K. G. Ambegaonkar
D) Sir C. D. Deshmukh
Answer: Sir Osbrone Smith


156) Who among the following was the Governor of RBI when India got independence?
A) Sir James Taylor
B) Sir Benegal Rama Rau
C) Sir C D Deshmukh
D) K G Ambegaonkar
Answer: Sir C D Deshmukh
    

157) The first bank of limited liability managed by Indians was:
A) The Commercial Bank of India
B) Allahabad Bank
C) Oudh Commercial Bank
D) Punjab National Bank Ltd.
Answer: Oudh Commercial Bank
    

158) For regulation of the Insurance Trade in the country the Government has formed:
A) SEBI
B) Reserve Bank of India
C) Insurance Regulatory and Development Authority
D) General Insurance Corporation
Answer: Insurance Regulatory and Development Authority

    
159) The best way, a bank can avoid loss is to :
A) lend only to individuals known to the bank
B) accept sound collateral
C) give only short-term loans
D) lend only to bank's old customers
Answer: lend only to individuals known to the bank
    

160) The system of value added taxation is applicable to:
A) excise duties
B) income tax
C) estate duty
D) taxes on agricultural income
Answer: excise duties