Banking Awareness Quiz - 2

Banking Awareness Quiz - 2 ........ (RPAEA)

Welcome to the Banking Quiz / Banking Awareness Question & Answers Section of Railpath Academy & Engineers Academy. These are fact based questions written mainly for aspirants of Railway, SSC, Vyapam, CGPSC, IBPS Banking, PO, Clerical, CLAT, MBA entrance exams, State PCS examinations and other examinations of similar nature. Currently, we update 10 questions roughly everyday.

Read Questions Carefully & then Tick the Correct Answers.

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1. The National Income in India is estimated by
   1.   Reserve bank of India
   2.   Central Statistical Office
   3.   Finance Commission
   4.   Comptroller and Auditor General
2. The custodian of FOREX Reserve of GOI is
   1.   PFRDA
   2.   SEBI
   3.   IRDA
   4.   RBI
3. The National Development Council of India is presided by
   1.   President of India
   2.   Finance Minister of India
   3.   Prime Minister of India
   4.   CAG of India
4. Brent Index is associated with which one of the following?
   1.   Inflation
   2.   Export Rate Index
   3.   Crude Oil Price
   4.   Gold Price
5. In India, Banks are regulated by
   1.   Indian Finance Act, 1987
   2.   Banking Regulation Act, 1949
   3.   Indian Banks Act, 1969
   4.   Reserve bank of India Act, 1980
6. The slogan “Garibi Hatao” was given in
   1.   Fifth Five Year plan
   2.   Fourth Five Year plan
   3.   Third Five Year plan
   4.   Sixth Five Year plan
7. In India, the currency notes and coins of one rupee and lower denomination are issued by
   1.   Ministry of Finance
   2.   Reserve Bank of India
   3.   Indian Government
   4.   None
8. The final authority to approve the Five Year plan is vested with
   1.   Cabinet Ministers
   2.   National Development Council
   3.   Finance Commission
   4.   Prime Minister
9. In Indian Economy, which of the following is also called Narrow Money?
   1.   M1
   2.   M3
   3.   M4
   4.   M2
10. The total amount of money available in an economy at a specific time is known as
    1.   Near Money
    2.   Money Stock
    3.   Soft Money
    4.   Hard Money

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