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Banking Awareness Quiz

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1. Security Printing and Minting Corporation of India, was incorporated under the Companies Act, 1956 with its headquarters at ______
A. Mumbai
B. Kolkata
C. Bangalore
D. New Delhi

2. Security Paper Mill(SPM) located at ________
A. Mumbai
B. Kolkata
C. Bangalore
D. Hoshangabad

3. All coins that are minted in kolkata has _______
A. Dot
B. Star
C. Diamond
D. No mark

4. All coins that are minted in Hyderabad has _______
A. Dot
B. Star
C. Diamond
D. No mark

5. Under Section 19 of the Reserve Bank of India Act, 1934, the RBI has been prohibited from
________
A. making loans or advances
B. drawing or accepting bills payable otherwise than on demand
C. allowing interest on deposits or current accounts
D. All of the above

6. Under Section 24 of the Reserve Bank of India Act, 1934 the RBI may issue bank notes for
the maximum denomination of ________
A. 5000
B. 10000
C. 1000
D. 500

7. Section 18 of Reserve Bank of India Act, 1934 deals with _______
A. Selling of Government Securities
B. Issuing & accepting of Promissory notes
C. Emergency loans to banks
D. Issuing of Currency notes

8. Under Section 31 of Reserve Bank of India Act, 1934 the Government or central bank
involves in the _______
A. Selling of Government Securities
B. Issuing & accepting of Promissory notes
C. Emergency loans to banks
D. Issuing of Currency notes

9. Section 22 of Reserve Bank of India Act, 1934 deals with _______
A. Selling of Government Securities
B. Issuing & accepting of Promissory notes
C. Emergency loans to banks
D. Exclusive rights to issue of Currency notes

10. Under Section 17 of Reserve Bank of India Act, 1934 the central bank involves in _______
A. Selling of Government Securities
B. Issuing & accepting of Promissory notes
C. Emergency loans to banks
D. Issuing of Currency notes

 

Answer:-
1)D. New Delhi
2)D. Hoshangabad
3)D. No mark
4)B. Star
5)D. All of the above
6)B. 10000
7)C. Emergency loans to banks
8)B. Issuing & accepting of Promissory notes
9)D. Exclusive rights to issue of Currency notes
10)A. Selling of Government Securities

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