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GK
GK Set-1
Economics
Banking System
108

Banking System MCQ (GK Set-1) with Answers

108) The principal source of a central bank’s control over the money supply is

the linkage between the reserves held by banks and sight deposits held at commercial banks.

the opportunity cost of holding money, the interest rate.

the power to issue bank notes that circulate

the monopoly of legal gold and silver reserves.

Answer is:

the linkage between the reserves held by banks and sight deposits held at commercial banks.

Banking System MCQ (GK Set-1) with Answers

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Related Banking System MCQ (GK Set-1) with Answers

109) PAN number is required for all transactions above

Rs. 25,000

Rs. 50,000

Rs. 1 lac

Rs. 10 lacs

Answer is:

Rs. 1 lac

110) The government has allowed issue of Long-Term Bonds for Insurance Companies and others upto

10 years

15 years

25 years

30 years

Answer is:

30 years

111) Which of the following types of ATMs eliminates the need for PIN entry and authenticated customer transactions by thumb impression?

White Label ATMs

Biometric ATMs

On-site ATMs

Off-site ATMs

Answer is:

Biometric ATMs

112) Which agency is exclusively concerned with the credit needs of all types of agricultural and rural development?

State Bank of India

Industrial Development Bank of India

Reserve Bank of India

NABARD

Answer is:

NABARD

Banking System MCQ (GK Set-1) with Answers

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