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General Awareness - Banking System and Capital Market short Questions and Answers for Examinations

Questions
31 In 1921, the Presidency Banks of Bengal, Madras and Bombay were nationalized to give birth to:
A Syndicate Bank
B Punjab and Sindh Bank
C Punjab National Bank
D State Bank of India

Answer: Option [D]

In 1921, the Presidency Banks of Bengal, Madras and Bombay were nationalized to give birth to State Bank of India.

32 Which bank gives long term loan to famers ?
A SBI
B NABARD
C Rural Banks
D Land Development Bank

Answer: Option [B]

The correct answer is NABARD. NABARD has been providing long-term refinance to the approved financial institutions under the provisions of Section 25(i)(a) of NABARD Act, 1981 to supplement their resources for providing adequate credit for taking up investment activities in agriculture and allied activities and rural off-farm sector etc. 1.

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33 Which one of the following Public Sector banks’ emblem figures a dog and the words ‘faithful, friendly’ in it ?
A Syndicate Bank
B State Bank of India
C Oriental Bank of Commerce
D Punjab National Bank

Answer: Option [A]

The correct answer is Syndicate Bank. The symbol of dog implies that Bank is trustworthy and a friend. Its slogan is : Your faithful and friendly financial partner.Syndicate Bank is one of the oldest and major commercial banks of India. It was founded by T M A Pai, Upendra Pai and Vaman Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the Government of India.

34 Which of the following combinations are correct ?
A NABARD --- Industrial Loans
B RBI --- Long term finance
C RRB --- Agricultural finance
D IDBI --- Short term loans

Answer: Option [C]

The correct answer is RRB --- Agricultural finance.

35 Which of the following organizations in India is mainly working to meet the credit needs of all types of agricultural and rural development activities ?
A FCI
B NABARD
C IDBI
D ICAR

Answer: Option [B]

The correct answer is NABARD. NABARD stands for National Bank For Agriculture And Rural Development. This bank deals with matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India.

36 Debenture holders of company are its:
A Creditors
B Debtors
C Directors
D Shareholders

Answer: Option [A]

The correct answer is Creditors. Debenture-holders are the subscribers to debentures. Debentures are part of loan, so a debenture holder is only a creditor of the company. Debenture holders have no rights to vote in the company's general meetings of shareholders, but they may have separate meetings or votes e.g. on changes to the rights attached to the debentures.

37 Quantitative credit controls do not include:
A Bank rate
B RBI directives
C Cash reserve ratio
D Open market operations

Answer: Option [B]

Quantitative credit controls do not include RBI directives. Quantitative credit control refers to overall credit in the economy, affecting all sectors of the economy equally and without discrimination.

38 What is ‘Dow Jones’?
A Share market index of New York exchange market
B Share market index of Mumbai stock exchange
C Gold price index of World Gold Council
D None of these

Answer: Option [A]

The correct answer is Share market index of New York exchange market.

39 The basic regulatory authority for mutual funds and stock markets lies with the:
A Stock Exchanges
B Government of India
C Reserve Bank of India
D Securities and Exchange Board of India

Answer: Option [D]

The basic regulatory authority for mutual funds and stock markets lies with the Securities and Exchange Board of India. The Securities and Exchange Board of India (SEBI) is a regulatory body that protects the interests of those who invest in the securities market. It also regulates the functioning of the stock markets and mutual funds in the country.

40 Which one of the following Indian banks is not a nationalized bank ?
A Federal Bank
B Vijaya Bank
C Corporation Bank
D Dena Bank

Answer: Option [A]

The correct answer is Federal Bank. Federal Bank Limited is an Indian private sector bank headquartered in Kochi, Kerala. The bank has 1,272 branches spread across different states in India.

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