Banking Awareness 2
(1) Selling of gold and silver
(2) Remittance of money
(3) Buying & selling of goods
(4) Purchasing building for the use of Head office
(5) Underwriting of shares
2. Under section 9 of Banking Regulation Act-1949, a banking company shall not hold any immovable property, exceeding………years, except for its own use:
(1) 5 years (2) 7 years (3) 3 years (4)10 Years (5) 1 year
3. Banking Regulation Act-1949, do not confer the following power to RBI :
(1) Regulation of business of the Banks in India
(2) Issue of licenses to open banks and branches in India
(3) Audit and inspection of banks
(4) Putting moratorium and winding up of a bank
(5) Appointment of bank chairman
4. The Banking Companies Act-1949 was amended on 1st March, 1966 and renamed as :
(1) Reserve Bank of India Act
(2) Banking Companies & Transfer of Undertakings Act
(3) Banking Companies & Securities Act
(4) Banking Regulation Act
(5) Banking Companies & Regulatory Act of India
5. Section 45 ZA of Banking Regulation Act-1949 deals with :
(1) Nomination in bank deposits
(2) Submission of return to RBI by all Banks
(3) Currency Note issuing powers of RBI
(4) Inspection & Supervision of Banks
(5) Appointment of chairman of scheduled banks
6. Which one is the oldest bank among present banks in India which was established by Indians :
(1) Allahabad Bank
(2) Bank of Baroda
(3) Punjab National Bank
(4) Bank of India
(5) State Bank of India
7. The Reserve bank of India was established on :
(1) 1st April, 1935 (2) 1st April, 1936
(3) 1st April, 1934 (4) 1st April, 1955
(5) 1st April, 1947
8. The Reserve Bank of India bill was passed by :
(1) Parliament
(2) Queen of England
(3) British Council
(4) Governor General of India
(5) None of These
9. The Reserve Bank of India was brought under the ownership of the Independent Indian government on :
(1) 1st January, 1947
(2) 1st January, 1948
(3)1st January, 1949
(4) 1st January, 1955
(5) 1st January, 1960
10. Who was the first governor appointed for Reserve Bank of India :
(1) Sir Osborne Smith
(2) Robert Bruce Zoellvick
(3) Eugene Meyer
(4) Pascal Lamy
(5) A. Ghose
Answer:
1. (3)
2. (4)
3. (5)
4. (4)
5. (1)
6. (3)
7. (1)
8. (4)
9. (3)
10. (1)
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