Economics Multiple Choice Questions, which are covered in this chapter, relate to the topic, Commercial Banks. Economics Multiple Choice Questions Test contains 20 questions. Answers to Economics Multiple Choice Questions are available after clicking on the answer.
1.The number of banks Nationalized in 1969 was :
(a) 8
(b)10
(c) 14
(d)16
Answer
Answer: (c) 14
2.________ refers to that portion of total deposits with a commercial bank has to keep with the central bank:
(a) SLR
(b) Bank rate
(c) CRR
(d) None
Answer
Answer: (c) CRR
3.The number of branch offices of commercial banks in 2006 was (Modified) :
(a) 65,000
(b) 65,500
(c) 69,616
(d) 69,500
Answer
Answer: (c) 69,616
4.Out of 5.6 lakh villages how many are served by the commercial bank:
(a) 1 Lakh
(b) 10,000
(c) 5,000
(d) None
Answer
Answer: (c) 5,000
5._____ is the rate at which the central bank discounts the bills of commercial banks:
(a) SLR
(b) Bank rate
(c) CRR
(d) Wong
Answer
Answer: (b) Bank rate
Economics Multiple Choice Questions – Commercial Banks
6.In terms of deposit mobilization, ______ leads other states:
(a) U.P.
(b) Maharashtra
(c) Kerala
(d) Bihar
Answer
Answer: (b) Maharashtra
7.The number of banks in India at the time of independence was:
(a) 640
(b) 645
(c) 650
(d) 655
Answer
Answer: (b) 645
8.The bank lending in June 2006 was (Updated):
(a)10,93,000
(b)12,69,090
(c)13,69,090
(d)14,69,090
Answer
Answer: (A) 10,93,000
9.In terms of lending, priority sector constitute about _____ of total bank lending:
(a) 60
(b) 80
(c) 30
(d) 40
Answer
Answer: (A) 60
10.How many banks were nationalized in 1980 ?
(a)6
(b)14
(c) 20
(d)30
Answer
Answer: (A) 6
Economics Multiple Choice Questions – Commercial Banks
11.In India statutory liquidity ratio is:
(a) 15%
(b) 20%
(c) 25%
(d) 30%
Answer
Answer: (c) 25%
12.Rural bank branches constitute _____ percent of total Bank branches in India in June 2006 (updated):
(a) 14
(b) 60
(c) 44
(d) 82
Answer
Answer: (c) 44
13.RBI makes advances to the central and state government repayable within ______ from the date of advancing:
(a) 60 days
(b) 45 days
(c) 90 days
(d) 75 days
Answer
Answer: (c) 90 days
14.Central Bank control their credit by
(a) CRR
(b) SLR
(c) Both CRR & SLR
(d) None
Answer
Answer: (c) Both CRR & SLR
15.The nationalisation of 6 commercial banks happened in:
(a) 1944
(b) 1949
(c) 1956
(d) 1980
Answer
Answer: (d) 1980
Economics Multiple Choice Questions – Commercial Banks
16.Banks not only accept deposits but also _____ savings.
(a) Distribute
(b) Mobilize
(c) Convert
(d) None of above.
Answer
Answer: (b) Mobilize
17.______ controls affects indiscriminately all sectors of the economy?
(a) Selective credit control
(b) Quantitative control
(c) Margin requirement
(d) None of these.
Answer
Answer: (b) Quantitative control
18.Which of the following functions, modern banks do not per form?
(a) Issue of letter of credit
(b) Publishing of statistics
(c) Handling of Foreign Exchange Reserves
(d) Conducting Enquiry Survey
Answer
Answer: (d) Conducting Enquiry Survey
19.Banking Ombudsman means:
(a) Person appointed to recover dues from defaulting borrowers.
(b) A person to whom customers can approach for redress of their grievances
(c) A person appointed to settle dispute between employees & management
(d) A person appointed by RBI to oversee the functioning of foreign banks.
Answer
Answer: (b) A person to whom customers can approach for redress of their grievances
20.The government established ______ in 1982 to finance rural projects at lower rate of interest:
(a) Regional Rural Banks
(b) Reserve Bank of India
(c) Co-operative Banks
(d) National Bank for Agriculture and Rural Development
Answer
Answer: (d) National Bank for Agriculture and Rural Development