GK Questions and Answer, GK Quiz
1: On a ten rupee Indian currency note, how many languages are used?
2: Government of India had launched the Differential Rate of Interest Scheme (DRI) in the year 1972, which is now being implemented by all Scheduled Commercial Banks, aiming at providing bank loans to
- Weaker sections of the society
- Public Limited Companies
- Big Exporters
- Purchase of Defence Equipments
3: By what name is the place where bankers meet and settle their mutual claims and accounts known as?
- Clearing House
- Collection Centre
- Dumping Ground
4: Among the following groups, who are not protected against inflation?
- Salaried class
- Industrial workers
- Agricultural farmers
5: Which of the following Indian Banks have the largest number of branches abroad?
- Bank of India
- Indian Overseas Bank
- State Bank of India
- Central Bank of India
6: Which among the following is the main function of the Exim Bank of India?
- To help RBI in the regulation of foreign exchange.
- To prevent unlicensed transactions.
- To promote exports and curtail imports.
- To conserve foreign exchange.
7: The RBI constituted Committee on 'Computerization' in Indian banks (1988) was headed by
- R. N. Malhotra
- S. Venkitaramanan
- M. Narasimham
- C. Rangarajan
8: What was the name of the UTI issue of 1992, which was mentioned in 1993 edition of Guinness Book of World Records for receipt of largest number of applications of any single mutual fund scheme in the world?
- Master share
- Master growth
- Master gain
- Master plus
9: Which among the following is the main difference between shares and debentures?
- Debentures can only be issued after shares.
- Share holders receive dividend on shares whereas debenture holders receive interest on debentures.
- Debentures can be partly converted into shares whereas shares cannot be converted into debentures.
- Share holders are the owners of the company whereas debenture holders are the creditors of the company.
10: The headquarters of the Unit Trust of India is located in which of the following cities?
- New Delhi
11: Which among the following is the primary role of NABARD?
- To provide term loans to State Cooperative Banks.
- To assist State Governments for share capital contribution.
- To act as refinance institution.
- All of the above.
12: An Open Market Operation (OMO) is an activity by a Central Bank that involves
- increase or decrease of discount rate
- raising or lowering of marginal requirements
- sale and purchase of government securities
- changing the reserve ratio up and down
13: 14 major commercial banks in India were nationalized in 1969, with a deposit base not less than
- Rs. 200 crores
- Rs. 125 crores
- Rs. 100 crores
- Rs. 50 crores
14: Devaluation of currency helps to promote which among the following options?
- imports at lower cost
- national income
15: What does the term 'Legal Tender Money' refer to?
- Bills of exchange
- Currency notes
16: The first bank to be established in India was
- Imperial Bank of India
- Bank of Hindustan
- General Bank of India
- Bank of Calcutta
17: 'Monetary Policy' refers to the credit control measures adopted by the
- Commercial Banks
- Central Bank
18: In 1969, how many Banks were nationalized in India?
19: The Reserve Bank of India issues currency notes under which of the following systems?
- Fixed fiduciary system
- Maximum fiduciary system
- Minimum reserve system
- Proportional reserve system
20: Which of the following methods can be applied by the government to contain inflation?
- surplus budget
- increase in taxation
- reduction in public expenditure
- All the above