Explore topic-wise MCQs in Banking And Financial Awareness.

This section includes 18 Mcqs, each offering curated multiple-choice questions to sharpen your Banking And Financial Awareness knowledge and support exam preparation. Choose a topic below to get started.

1.

National Housing Bank was established in 1987 as a wholly-owned subsidiary of which of the following? 1. State Bank of India2. Life Insurance Corporation of India3. Reserve Bank of India4. Industrial Finance Corporation of India

A. 1
B. 2
C. 3
D. 4
Answer» D. 4
Discussion
2.

Assertion A: Credit flows to agriculture and SME sector have increased in recent years.Reasoning R: Reserve Bank of India has gradually relaxed various controls in credit market.

A. A and R both are correct and R is the right explanation of A
B. A and R both are correct but R is NOT the right explanation of A
C. A is correct but R is incorrect
D. Both A and R are incorrect
Answer» B. A and R both are correct but R is NOT the right explanation of A
Discussion
3.

Banking Ombudsman Scheme was introduced by RBI with effect from

A. 1998
B. 1995
C. 2001
D. 2005
Answer» C. 2001
Discussion
4.

The Central Office of the Reserve Bank was permanently moved to Mumbai in _____:

A. 1934
B. 1937
C. 1935
D. None of These
Answer» C. 1935
Discussion
5.

The Central Office of the Reserve Bank of India is now located at

A. Mumbai
B. Hyderabad
C. New Delhi
D. None of These
Answer» B. Hyderabad
Discussion
6.

The Central Office of the Reserve Bank was initially established in ______:

A. Indore
B. Delhi
C. Calcutta
D. None of These
Answer» D. None of These
Discussion
7.

Which among the following is correct about The Central Office of RBI:

A. Where Governor Sits
B. Where only Policies are formulated
C. Both of Above
D. None of These
Answer» D. None of These
Discussion
8.

Which of the following is correct:

A. Reserve Bank of India Act, 1935
B. Reserve Bank of India Act, 1934
C. Reserve Bank of India Act, 1930
D. None of These
Answer» C. Reserve Bank of India Act, 1930
Discussion
9.

The Deputy Governor in charge of banking regulation and supervision, is nominated as the ________of the (BFS) board:

A. Head
B. Vice-Chairman
C. President
D. None of These
Answer» C. President
Discussion
10.

Management of RBI consists of (Regarding Governor and Deputy Governors):

A. 1 Governor + 3 Deputy Governor
B. 1 Governor + 4 Deputy Governor
C. 1 Governor + 5 Deputy Governor
D. None of These
Answer» C. 1 Governor + 5 Deputy Governor
Discussion
11.

The BFS's board member are appointed for term of :

A. 2 years
B. 3 years
C. 4 years
D. None of These
Answer» B. 3 years
Discussion
12.

When RBI came into existence on 1-4-1935, it was:

A. Privately Owned
B. Governmental Owned
C. Privately + Governmental Owned
D. None of These
Answer» B. Governmental Owned
Discussion
13.

The BFS was constituted in:

A. Dec-94
B. Nov-94
C. September, 1994
D. None of These
Answer» C. September, 1994
Discussion
14.

Reserve Bank is fully owned by the Government of India since nationalization in:

A. 1950
B. 1949
C. 1965
D. None of These
Answer» C. 1965
Discussion
15.

Current Governor of RBI is:

A. Arundhati Bhattacharya
B. Raghuram Rajan
C. U. K. Sinha
D. None of These
Answer» C. U. K. Sinha
Discussion
16.

BFS stands for:

A. Bureau of Financial Supervision
B. Board for Financial Supervision
C. Bi-Lateral Financial System
D. None of These
Answer» C. Bi-Lateral Financial System
Discussion
17.

Which among the following is correct about objectives of BFS:

A. To undertake cosolidated supervision of the financial sector
B. Financial Sector comprising commercial banks, financial institutions and non-banking finance companies
C. Both of Above
D. None of These
Answer» C. Both of Above
Discussion
18.

The member of BFS board is chaired by:

A. Any Deputy Governor
B. Governor
C. Deputy Governor appointed by Governor
D. None of These
Answer» C. Deputy Governor appointed by Governor
Discussion