GK Questions and Answer, GK Quiz

1:  On a ten rupee Indian currency note, how many languages are used?
Options:
  1. 2
  2. 7
  3. 10
  4. 15

Answer: Option4

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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
Options:
  1. Weaker sections of the society
  2. Public Limited Companies
  3. Big Exporters
  4. Purchase of Defence Equipments

Answer: Option1

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3:  By what name is the place where bankers meet and settle their mutual claims and accounts known as?
Options:
  1. Treasury
  2. Clearing House
  3. Collection Centre
  4. Dumping Ground

Answer: Option2

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4:  Among the following groups, who are not protected against inflation?
Options:
  1. Salaried class
  2. Industrial workers
  3. Pensioners
  4. Agricultural farmers

Answer: Option4

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5:  Which of the following Indian Banks have the largest number of branches abroad?
Options:
  1. Bank of India
  2. Indian Overseas Bank
  3. State Bank of India
  4. Central Bank of India

Answer: Option3

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6:  Which among the following is the main function of the Exim Bank of India?
Options:
  1. To help RBI in the regulation of foreign exchange.
  2. To prevent unlicensed transactions.
  3. To promote exports and curtail imports.
  4. To conserve foreign exchange.

Answer: Option3

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7:  The RBI constituted Committee on 'Computerization' in Indian banks (1988) was headed by
Options:
  1. R. N. Malhotra
  2. S. Venkitaramanan
  3. M. Narasimham
  4. C. Rangarajan

Answer: Option4

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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?
Options:
  1. Master share
  2. Master growth
  3. Master gain
  4. Master plus

Answer: Option3

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9:  Which among the following is the main difference between shares and debentures?
Options:
  1. Debentures can only be issued after shares.
  2. Share holders receive dividend on shares whereas debenture holders receive interest on debentures.
  3. Debentures can be partly converted into shares whereas shares cannot be converted into debentures.
  4. Share holders are the owners of the company whereas debenture holders are the creditors of the company.

Answer: Option4

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10:  The headquarters of the Unit Trust of India is located in which of the following cities?
Options:
  1. Mumbai
  2. New Delhi
  3. Kolkata
  4. Chennai

Answer: Option1

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11:  Which among the following is the primary role of NABARD?
Options:
  1. To provide term loans to State Cooperative Banks.
  2. To assist State Governments for share capital contribution.
  3. To act as refinance institution.
  4. All of the above.

Answer: Option1

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12:  An Open Market Operation (OMO) is an activity by a Central Bank that involves
Options:
  1. increase or decrease of discount rate
  2. raising or lowering of marginal requirements
  3. sale and purchase of government securities
  4. changing the reserve ratio up and down

Answer: Option3

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13:  14 major commercial banks in India were nationalized in 1969, with a deposit base not less than
Options:
  1. Rs. 200 crores
  2. Rs. 125 crores
  3. Rs. 100 crores
  4. Rs. 50 crores

Answer: Option4

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14:  Devaluation of currency helps to promote which among the following options?
Options:
  1. exports
  2. imports at lower cost
  3. savings
  4. national income

Answer: Option1

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15:  What does the term 'Legal Tender Money' refer to?
Options:
  1. Cheques
  2. Drafts
  3. Bills of exchange
  4. Currency notes

Answer: Option4

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16:  The first bank to be established in India was
Options:
  1. Imperial Bank of India
  2. Bank of Hindustan
  3. General Bank of India
  4. Bank of Calcutta

Answer: Option2

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17:  'Monetary Policy' refers to the credit control measures adopted by the
Options:
  1. Moneylenders
  2. Government
  3. Commercial Banks
  4. Central Bank

Answer: Option4

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18:  In 1969, how many Banks were nationalized in India?
Options:
  1. 6
  2. 8
  3. 14
  4. 20

Answer: Option3

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19:  The Reserve Bank of India issues currency notes under which of the following systems?
Options:
  1. Fixed fiduciary system
  2. Maximum fiduciary system
  3. Minimum reserve system
  4. Proportional reserve system

Answer: Option3

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20:  Which of the following methods can be applied by the government to contain inflation?
Options:
  1. surplus budget
  2. increase in taxation
  3. reduction in public expenditure
  4. All the above

Answer: Option4

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