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GK
GK Set-1
Economics
Banking System
32

Banking System MCQ (GK Set-1) with Answers

32) Which of the following is/are true about the Sub-Prime Crisis?

It is a mortgage crisis referring to credit default by the borrowers.

Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers

This crisis originated because of negligence in credit rating of the borrowers.

All 1, 2, and 3

Answer is:

All 1, 2, and 3

Banking System MCQ (GK Set-1) with Answers

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

33) At which of the following cities is the Head Office of Reserve Bank of India located?

Mumbai

New Delhi

Kolkata

Dehradun

Answer is:

Mumbai

34) The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called

Cash reserves

Deposit reserves

Excess reserves

Momentary reserves

Answer is:

Excess reserves

35) In which year was the Imperial Bank of India rechristened as State Bank of India?

1955

1945

1962

1965

Answer is:

1955

36) Banking in India is controlled by :

Reserve Bank of India

Union Finance Commission

Union Ministry of Finance

Union Ministry of Commerce

Answer is:

Reserve Bank of India

Banking System MCQ (GK Set-1) with Answers

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