Exercise Quiz & Test – 18


1. The functions of the lead bank are performed by:
a. SBI
b. RBI
c. Any bank
d. A bank designed for this purpose

View Answer

2. Central Co-operative banks work at:
a. District level
b. National level
c. Block level
d. State level

View Answer

3. The largest public sector commercial bank of India is the ____
a. SBI
b. RBI
c. Bank of india
d. Union bank of india

View Answer

4. PAN card issued by the income tax department cannot be used for which of the following purpose?
a. Proof of identity
b. Proof of a registered tax payer
c. Proof of address
d. Proof of date of birth

View Answer

5. Which one of the following statements is correct regarding increase in the CRR in India?
a. It increases credit creation
b. It reduces credit creation
c. It does not affect credit
d. It denoted liberal monetary policy

View Answer

6. Which among the following sectors contributes most to the saving in India?
a. Banking and financial sector
b. Private corporate sector
c. Export sector
d. Household sector

View Answer

7. The EXIM bank of India was established in ____
a. 1964
b. 1970
c. 1982
d. 1984

View Answer

8.The term plastic money applies to____
a. Bank draft made of plastic coated paper
b. Currency notes impregnated with plastic thread
c. Currency notes printed on plastic coated paper
d. Credit cards mainly issued by the banks

View Answer

9. Which bank became the first bank to open its branch in china ?
a. IDBI bank
b. SBI
c. HDFC
d. PNB

View Answer

10. Government of India, for the first time nationalized 14 large commercial banks in the year___
a. 1956
b. 1969
c. 1959
d. 1972

View Answer