Banking Awareness
Part 1 Q.1. Which one is not a function of money A. Price stabilisation B. Value measurement C. Transfer of value D. Store of value Ans. Price stabilisation Q.2. Finance Commission, a statutory body, has to be appointed every five years to A. Define financial relations between the Centre and the State B. Advice the Finance Ministry how to manage the Union Finances C. Suggest increases or decreases in taxation D. Examine the economic viability of taxation Ans. To define financial relations between the Centre and the State. Q.3. RRB's are owned by A. Central government B. State government C. Sponser Bank D. All of these Ans. All of these Q.4. The Monetary and Credit Policy is announced by A. Ministry of Finance in Centre B. Reserve Bank of India C. State Bank of India D. Planning Commission of India Ans. Reserve Bank of India Q.5. What does the letter 'e' denotes in the term 'e- banking'? A. Essential Banking ...