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.

 

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

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