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Daily Current Affairs October 2020
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Current Affairs on Govt. Schemes

General Awareness - Banking System & Capital Market short Questions & Answers for Examinations | Page-5

Questions
41 The first Bank established in India was:
A Bank of Hindustan
B State Bank of India
C Punjab National Bank
D Central Bank

Answer: Option [A]
42 The system of value added taxation is applicable to :
A Income tax
B Excise duties
C Estate duty
D Property tax

Answer: Option [B]
43 Who is responsible for the collection and publication of monetary and financial information ?
A Finance Ministry
B Reserve Bank of India
C National Sample Survey Organization
D Auditor and Comptroller General of India

Answer: Option [C]
44 The primary objective of Nationalization of Banks was:
A Improving credit facilities
B Financing the industries
C Improving security of deposits
D Consolidating the economy

Answer: Option [D]
45 Which two of the following nationalized banks have been merged as per the recommendation of the Narasimham Committee on banking reforms ?
A Parur Bank if India and bank of India
B New bank of India and bank of India
C Central Bank of India and Corporation Bank
D Punjab National Bank and New bank of India

Answer: Option [D]
46 What are gilt-edged securities in India ?
A Securities issued by the government
B Securities issued by the private sector
C Securities issued by the multinationals
D Securities issued by the joint venture companies

Answer: Option [A]
47 Bank rate is the rate at which:
A The Reserve Bank of India lends to the public
B A bank lends to the public
C The Government of India lends to other countries
D The Reserve Bank of India gives credit to commercial banks

Answer: Option [D]
48 The national Stock Exchange is located in:
A New Delhi
B Nagpur
C Mumbai
D Kolkata

Answer: Option [C]
49 Which among the following is the oldest Development Financial Institution of India ?
A UTI
B IDBI
C ICICI
D IFCI

Answer: Option [D]

The Industrial Finance Corporation of India(IFCI) established on July 1, 1948 was the first and oldest Development Financial Institution of India

50 In which year ‘Over the Counter Exchange’ (OTC) was founded ?
A 1990
B 1992
C 1993
D 1994

Answer: Option [A]

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