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What is the size of Rs.2000 ? – Banking General Knowledge


1. Who can set data standards banking sector ?
a) Large banks in commercial
b) Large banks in mortgage lending, and
c) Large NBFCs and micro-finance institutions in rural and
d) MSME lending
e) All the above
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2. What does D stand for in the expansion of RIDF ?
a) Debt b) Deep
c) Development
d) Draft
e) None of these
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3. Phillips curve framework was the basic theoretical premise to examine how shocks affect which of the following?
a) Inflation
b) Unemployment
c) Depression
d) Interest
e) None
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4. Which monsoon has always played a vital role in India in determining inflation trajectory over the years?
a) North – East
b) South-west
c) North – West
d) South East
e) None of these
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5. The new Keynesian Philips curve is a modified version of Phillips curve introduced by Philips in which year?
a) 1939
b) 1958
c) 1934
d) 1939
e) None of these
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6. The P-star approach, first proposed by Hallmanetal. (1991), is based on the quantity theory of money. Under this approach, the short run fluctuations in inflation are attributed to the determinants of long run equilibrium price. Theoretically, the long run equilibrium price is determined by current money supply, potential income and the equilibrium velocity. What is P* (P-Star) ?
a) Price
b) Equilibrium price
c) Power
d) People
e) None
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7. Preamble to the Reserve Bank of India Act 1934 specifies the central bank’s objective as regulating “the issue of Bank notes and the keeping of reserves with a view to securing monetary stability in India …” Thus currency management, which was originally the _________ of a central bank, still continues to be one of its major functions.
a) Primary function
b) Secondary function
c) Last function
d) Not an important function
e) None of these
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8. EFT-PoS reduces which of the following?
(The impact of ATMs on currency demand is ambiguous)
a) Currency demand
b) Supply of material
c) Unemployment
d) Economic growth
e) None of these
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9. Among the important determinants of the demand for currency, which of the following deserve special attention?
a) Volume of transactions demand arising in the formal economy
b) Transactions demand arising from the underground economy
c) Precautionary, prudential and speculative demand; (iv) the type and pace of financial innovation
d) Use by other countries (in case of India, primarily Nepal and Bhutan
e) All the above
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10. Rs.500 denomination notes quickly emerged as the second most important denomination since 1998-99 and replaced Rs.100 denomination as the most important denomination in 2003-04. Its share in value among all denominations peaked at _____ percent in 2010-11.
a) 47
b) 50
c) 60
d) 70
e) None of these
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11. Currency in circulation is the sum of which of the following ?
a) Notes in circulation which is the principal liability of the Reserve Bank under Section 22 of the Reserve Bank of India Act, 1934
b) Government’s currency liabilities to the public comprising rupee coins and small coins.
c) Both (a) & (b)
d) Gold
e) Silver
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12. Rs.1000 and notes of higher denomination were demonetised in ______, since higher denomination notes were being used for hoarding purposes and for carrying out illegal transactions, generating black income and wealth.
a) 1978
b) 1947
c) 1961
d) 1964
e) None of these
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13. Liberalised Exchange Rate Management System (LERMS) was put in place in _______ involving the dual exchange rate system in the interim period. The dual exchange rate system was replaced by a unified exchange rate system in March 1993.
a) March, 1992
b) 1966
c) 1969
d) 1971
e) None of these
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14. What does R stand for in the expansion of MUDRA?
a) Rural b) Relevant
c) Re-finance
d) Reliance
e) None of these
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15. The devaluation of the rupee in Septem ber 1949 and June 1966 in terms of ______ resulted in the reduction of the par value of rupee in terms of gold to 2.88 and 1.83 grains of fine gold, respectively.
a) Gold
b) Silver
c) Copper
d) Bronze
e) None of these
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16. By the late ‘eighties and the early ‘nine ties in India, it was recognised that both macroeconomic policy and structural factors had contributed to balance of payment difficulties. The Current Account Deficit (CAD) widened to 3.0 per cent of GDP in 1990-91 and the foreign currency assets depleted to less than a billion dollar by_________ .
a) June 1, 2010
b) July 1991
c) 1969
d) 1980
e) None of these
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17. The Indian foreign exchange market is a decentralised multiple dealership market comprising two segments – the spot and the derivatives market. In a spot transaction, currencies are traded at the prevailing rates and the settlement or value date is two business days ahead. The two day period gives adequate time for the parties to send instructions to debit and credit the appropriate bank accounts at home and abroad. The derivatives market encompasses which of the following?
a) Forwards
b) Swaps
c) Options
d) All the above
e) None of these
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18. ABN AMRO Bank Headquarter located in which of the country country?
a) Netherlands
b) USA
c) France
d) Switerland
e) Japan
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19. Dishonour of cheque for insufficiency of funds in the bank account, deal with under which section?
a) Section 138
b) Section 151
c) Section 160
d) Section 170
e) None of these
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20. In United Kingdom ‘ merchant banking’ institutions are referred to as ?
a) Investments Banks
b) Commercial Banks
c) Industrial banks
d) Development Banks
e) None of these
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21. Indradhanush 2.0 related with?
a) SHG
b) Recapitalization of PSBs
c) Insurance
d) PF
e) Pension Schemes
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22. LIME app is launched by which of the following Bank?
a) SBI
b) UCO Bank
c) Axis Bank
d) ICICI Bank
e) Yes Bank
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23. What does CNP stand for?
a) Card Not Present
b) Call Not Present
c) Cash Not Present
d) Card Net Present
e) None of these
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24. What is BBPS in NPCI?
a) Bharat Bill Payment System
b) Bharat Base Payment System
c) Bharat Bill Paid System
d) Bharat Best Payment System
e) None of these
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25. What is the full form of APBS ?
a) Aadhar Payments Bridge System
b) Aadhar Payment Best System
c) Aadhar Payment Bill System
d) AadharPaise Best System
e) None of these
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26. What VPA stands for in UPI?
a) Virtual Payment Address
b) Value Payment Address
c) Vote Payment Address
d) Voice Payment Address
e) None
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27. What is the size of Rs.2000 ?
a) 160 mm x 60 mm
b) 166 mm x 66 mm
c) 170 mm x 60 mm
d) 180 mm x 60 mm
e) None of these
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What is the size of Rs.2000 ? - Banking General Knowledge


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