General awareness- 2012 Practice Test 43 FOR IBPS PO EXAM

1. RBI issues directives to check speculation and rising prices
A. By exercising moral influence on the Banks
B. By Changing The statutory reserve Maintained by scheduled banks with the reserve Bank under section 42 of The RBI ACT
C. By Changing bank Rate and its policy of granting accommodation to the commercial banks
D. All of the above
E. None


2. Banking Institutions modelled on European lines were first established in
A. Delhi
B. Bombay
C. Bengal
D. Madras
E. None


3. The first Indian enterprise in field of banking based on joint stock limited liability principle was the
A. Oudh commercial Bank started in 1881
B. Bank of Andhra ,1882
C. Bank of India ,1883
D. All of the above
E. None


4. Punjab National Bank 1894 and people’s bank 1901 was started by
A. Lala Lajpat Rai
B. Harikishan singh
C. Harikishan Lai Gauba
D. Amajeet singh
E. None


5. A Fiscal commission under the presidentship of sir Ibrahim Rahimatullah was appointed in October
A. 1921
B. 1925
C. 1931
D. 1935
E. None


6. In 1914 foreign banks held over 70 percent of all bank deposits in India ,by 1937 their share had decreased to
A. 25%
B. 34%
C. 46%
D. 57%
E. None


7. With the enactment of the Regional Rural Banks Amendment Act 1987 ,the authorised capital of each RRB has been Raised to Rs.
A. Rs. 10 lakhs
B. Rs. 1 crore
C. Rs. 5crore
D. Rs. 10 crore
E. None


8. At the End of December 1987,the advances of RRBs to the weaker sections accounted for
A. 70 % of their total direct advances
B. 82 % of their total direct advances
C. 92 % of their total direct advances
D. 95 % of their total direct advances
E. None


9. The Regional Rural Banks avail of the refinance facilities from the
A. National Banks for Agriculture and rural Development
B. Co-operative bank
C. Commercial bank
D. Reserve Bank of India
E. None


10. How many Regional Rural Banks of the State Bank of India has ?
A. 10
B. 20
C. 30
D. 40
E. None