Banking Question 26-Sep-2015

Q1. At which of the following cities is the Head Office of Reserve Bank of India located?

1. Mumbai
2. New Delhi
3. Kolkata
4. Dehradun

Ans. (a)

Q2. The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called

1. Cash reserves
2. Deposit reserves
3. Excess reserves
4. Momentary reserves

Ans. (c)

Q3. In which year was the Imperial Bank of India rechristened as State Bank of India?

1. 1955
2. 1956
3. 1962
4. 1965

Ans.(a)

Q4. Banking in India is controlled by :

1. Reserve Bank of India
2. Union Finance Commission
3. Union Ministry of Finance
4. Union Ministry of Commerce

Ans.(a)