GENERAL STUDIES - Banking awareness
15th September Quiz Materials
(With Answers & Explanations)
Useful for BANK. SSC, Railway, UPSC, PSC, WBCS
Answer: A [ Rs. 5 Crore ]
Explanation: RBI did not start as a Government owned bank but as a privately held bank without major government ownership. It started with a Share Capital of Rs. 5 Crore, divided into shares of Rs. 100 each fully paid up. In the beginning, this entire capital was owned by private shareholders. Out of this Rs. 5 Crore, the amount of Rs. 4,97,8000 was subscribed by the private shareholders while Rs. 2,20,000 was subscribed by central government.
Answer: D [All of the above]
Explanation: The Government of India has notified six documents as ‘Officially Valid Documents’ (OVDs) for the purpose of producing proof of identity. These are Passport, Driving Licence, Voters’ Identity Card, PAN Card, Aadhaar Card and NREGA Job Card.
Answer: A [182 days]
Explanation: A person should reside in India for 182 days in a year before applying for the enrolment of Aadhar Card. To obtain an Aadhaar number, an individual has to submit following:
Biometric (photograph, finger print, iris scan)
Demographic (name, date of birth, address) information
Biometric (photograph, finger print, iris scan)
Demographic (name, date of birth, address) information
Answer: A [AtUl sudhakarrao pandey]
Explanation: Atul Sudhakarrao Pande, a Mumbai resident has created the logo of the Aadhaar card. His design was selected among the 2000 entries made for the logo design.
Answer: D [All of the above]
Explanation: The Department of External Investments and Operations (DEIO) invests the country’s foreign exchange reserves built up by purchase of foreign currency from the market. In investing its foreign assets, the Reserve Bank is guided by three principles: Safety, Liquidity, Return.
Answer: A [Praveen Kumar Sharma]
Explanation: CERSAI is a central online security interest registry of India. It was primarily created to check frauds in lending against equitable mortgages, in which people would take multiple loans on the same asset from different banks. It was founded on march 11,2011 and is headed by Praveen Kumar Sharma.
Answer: A [Simple Alphanumeric Symbols]
Explanation: Credit Rating Agencies denote the credit ratings by Simple Alphanumeric Symbols like AAA,BBB,Baa etc. These symbols sometimes include numerical also such as Baa2,Baa3 etc.
Answer: D [Both a and b]
Explanation: Maximum amount for personal loan usually depends on your income and varies based on whether one is salaried or self-employed. Usually, the banks restrict the loan amount such that your EMI isn’t more than 40-50% of your monthly income.
Answer: B [West Bengal]
Explanation: Bishnupur is located in West Bengal. It’s known for its Hindu temples made from local terracotta, such as the pyramid-shaped Rasmancha, established around 1600.
Answer: B [Kisan Kanya]
Explanation: Kisan Kanya written by Saadat Hassan Manto and produced by Ardeshir Irani
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