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General Knowledge :: Banking Awareness

  1. A cheque is considered as stale when if has been in circulation for

  2. A.

     More than forty eight hours

    B.

     More than one year

    C.

     More than six months unless otherwise specified

    D.

     More than three months


  3. Where the signature of the drawer of a cheque is not genuine , such a cheque is called

  4. A.

     Post dated cheque

    B.

     Stale cheque

    C.

     Forged cheque

    D.

     All of the above


  5. Who decided on the quantity of coins to be minted?

  6. A.

     The Government of India

    B.

     RBI

    C.

     Either 1 or 2

    D.

     All of the above


  7. Which of the following methods is currently used in India to issue note?

  8. A.

     Fixed Fiduciary System

    B.

     Maximum Fiduciary System

    C.

     Percentage Reserve System

    D.

     Minimum Reserve System


  9. On march 1,1992, Reserve Bank of India announced a new system of exchange rates known as

  10. A.

     Partial convertibility

    B.

     Liberalized exchange rate system

    C.

     Both A and B

    D.

     None of these


  11. Which of the following statements is correct about soiled/mutilated note?

  12. A.

     All banks are authorized to accept soiled notes across their counters and pay the exchange vale

    B.

     All public senor bank branches and currency chest branches of private sector banks are authorised to adjudicate and pay value in respect of mutilated notes

    C.

     The RBI has also authorised all Commercial Bank branches to treat certain notes in ‘two pieces’ as soiled notes and pay exchange value

    D.

     All of the above


  13. For issuing notes, RBI has required to hold the minimum reserve of Rs. 200 crore of which not lesss than Rs. ______ crore to be hold in gold.

  14. A.

     85

    B.

     100

    C.

     115

    D.

     125


  15. Under which Section of the Reserve Bank of India Act, the Reserve Bank has the sole right of note issue?

  16. A.

     20

    B.

     22

    C.

     25

    D.

     28


  17. At present, the RBI issue notes in the denominations of Rs.

  18. A.

     1, 2, 5, 10, 20, 50, 100 and 500

    B.

     1, 2, 5, 10, 20, 50, 500 and 1000

    C.

     2, 5, 10, 20, 50, 100, 500 and 1000

    D.

     2, 5, 10, 20, 50, 100, 1000 and 10000


  19. The one-rupee note bears the signature of ____________.

  20. A.

     RBI Governor

    B.

     Deputy Governor

    C.

     Finance Secretary

    D.

     Finance Minister