Banking Awareness - 4 | SBI PO | IBPS PO

1. Which of the following is/are responsible for making Budget in India?
a) The Finance Ministry
b) The Administration Ministers
c) The Planning Commission
d) The Comptroller and Auditor General
e) All are responsible

2. The Food and Agriculture Organization (FAO) is a wing/agency of the:
a) World Bank
b) United Nations Organization
c) Asian Development Bank
d) Ministry of Agriculture Govt. of India
e) None of these

3. Which of the following is not considered as National Debt?
a) National savings Certificates
b) Long-term Government Bonds
c) Insurance Policies
d) Provident Fund
e) None of these

4. Currency Swap is an instrument to manage:
a) Currency risk
b) Interest rate risk
c) Currency and interest rate risk
d) Cash flows in different currencies
e) All of the above

5. In case of a Non-Resident Indian, which of the following is permitted?
a) A SB account in joint names in Canadian dollars
b) A fixed deposit account in Australian dollars
c) A NRNR account in Indian rupees
d) An EEFC account in Indian rupees
e) None of these

6. Which of the following instrument is used by public to directly lend to the Government?
a) Bank Deposits
b) Public Provident Fund
c) T-Bills
d) Certificates of Deposit
e) None of these

7. Inter-bank call money refers to borrowing among banks for:
a) Overnight
b) Two days
c) More than 14 days
d) Less than 14 days
e) None of these

8. RBI generally reviews the Monetary policy for every:
a) three months
b) six months
c) nine months
d) ten months
e) None of these

9. The rate at which the RBI lends short-term money to the banks:
a) PLR
b) CRR
c) Repo Rate
d) Reverse Repo Rate
e) None of these

10. The RBI is not expected to perform the function of:
a) the banker to the government
b) accepting deposit from Commercial Banks
c) accepting deposits from general public 
d) issue of currency 
e) None of these

Answers:
1. A
2. B
3. C
4. D
5. B
6. B
7. A
8. A
9. C
10. C