Indian Economy (Money & Banking)

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1) What is the maximum limit of cash deposit in a savings account without PAN card?

A) ₹25,000

B) ₹50,000

C) ₹1,00,000

D) ₹2,00,000

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2) Who is the current Governor of the Reserve Bank of India?

A) Raghuram Rajan

B) Urjit Patel

C) Shaktikanta Das

D) Duvvuri Subbarao

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3) What is the full form of ‘KYC’?

A) Know Your Customer

B) Keep Your Cards

C) Know Your Cash

D) Keep Your Cash

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4) Which of the following is a foreign bank in India?

A) Axis Bank

B) HDFC Bank

C) ICICI Bank

D) Standard Chartered Bank

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5) What is the full form of ‘BPLR’?

A) Base Prime Lending Rate

B) Base Public Lending Rate

C) Base Personal Lending Rate

D) Base Priority Lending Rate

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6) Which of the following is NOT a type of credit card in India?

A) Visa Card

B) MasterCard

C) American Express Card

D) Indian Government Card

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7) What is the current reverse repo rate in India?

A) 3.25%

B) 3.75%

C) 4.90%

D) 5.50%

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8) Which of the following is a private sector bank in India?

A) Punjab National Bank

B) Bank of Baroda

C) Canara Bank

D) ICICI Bank

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9) What is the full form of ‘NPA’?

A) Non-Performing Asset

B) Non-Profitable Asset

C) Non-Paid Asset

D) Non-Performing Account

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10) Which of the following is NOT a type of bank account in India?

A) Savings Account

B) Current Account

C) Fixed Account

D) Demat Account

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11) What is the currency symbol of the Indian Rupee?

A) ₹

B) Rs

C) IR

D) INR

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12) Which of the following is a function of small finance banks in India?

A) Accepting demand deposits

B) Providing loans and advances

C) Issuing credit cards

D) Offering foreign exchange services

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13) What is the full form of ‘MSME’?

A) Micro, Small and Medium Enterprises

B) Medium, Small and Micro Enterprises

C) Micro, Medium and Small Enterprises

D) Medium, Micro and Small Enterprises

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14) Which of the following is a public sector bank in India?

A) HDFC Bank

B) ICICI Bank

C) Axis Bank

D) State Bank of India

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15) What is the full form of ‘CRR’?

A) Cash Reserve Ratio

B) Currency Reserve Ratio

C) Credit Reserve Ratio

D) Capital Reserve Ratio

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16) What is the maximum limit of cash withdrawal from an ATM in India?

A) ₹10,000 per day

B) ₹15,000 per day

C) ₹20,000 per day

D) ₹25,000 per day

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17) Which of the following is NOT a function of the Reserve Bank of India (RBI)?

A) Regulating the issue of banknotes

B) Managing the foreign exchange reserves

C) Promoting rural development

D) Conducting monetary policy

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18) What is the minimum and maximum age for opening a bank account in India?

A) 18 years and 60 years

B) 21 years and 65 years

C) 16 years and 55 years

D) 20 years and 50 years

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19) Who issues the Indian currency?

A) Reserve Bank of India

B) State Bank of India

C) Central Bank of India

D) Government of India

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20) What is the full form of ‘IFSC’?

A) Indian Financial Systems Corporation

B) International Financial Services Centre

C) Indian Financial Services Code

D) Indian Financial System Code

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21) Which of the following is NOT a type of banking system in India?

A) Commercial Banking

B) Cooperative Banking

C) Investment Banking

D) Development Banking

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22) What is the current repo rate in India?

A) 4.00%

B) 3.50%

C) 5.15%

D) 6.00%

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23) What is the central banking institution of India?

A) Reserve Bank of India

B) State Bank of India

C) Central Bank of India

D) Bank of India

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24) Which of the following is a primary function of banks?

A) Issuing currency

B) Issuing passports

C) Issuing driving licenses

D) Issuing ration cards

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25) What is the full form of ‘ATM’?

A) Automated Teller Machine

B) Automatic Transaction Machine

C) Automated Transaction Machine

D) Automatic Teller Machine

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Indian Economy (Money & Banking)