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GK
GK Set-1
Economics
Banking System
41

Banking System MCQ (GK Set-1) with Answers

41) Expand the term LIBOR as used in financial banking sectors?

Local Indian Bank Offered Rate

London-India Bureau Of Regulations

Liberal International Bank Official Ratio

London Inter Bank Offered Rate

Answer is:

London Inter Bank Offered Rate

Banking System MCQ (GK Set-1) with Answers

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

42) Which of the following is the apex institution which handles refinance for agriculture and rural development in India?

RBI

SIDBI

SEBI

NABARD

Answer is:

NABARD

43) In which denomination were India’s first bimetallic coins issued in the year 2009?

Rs. 100

Rs. 5

Rs. 10

Rs. 1

Answer is:

Rs. 10

44) Which of the following is not the function of the Reserve Bank of India ?

Acting as banker to the Government

Keeping of Foreign Exchange Reserve

Issuing of one rupee notes and coins

Regulating credit in the country

Answer is:

Issuing of one rupee notes and coins

45) With which of the following is SARFAESI Act 2002 related?

Recovery of bad loans

Regulation of Foreign Exchange

Fixation of interest rates

Acquisition of small banks

Answer is:

Recovery of bad loans

Banking System MCQ (GK Set-1) with Answers

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