General Knowledge Questions and Answers for Bank Exams

25. If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be
  A.  Increase
  B.  Decrease
  C.  No impact
  D.  None of these
Answer
Ans: A
Increase
26. Which of the following terms if NOT used in the field of Banking and Finance?
  A.  Base line
  B.  RTGS
  C.  Overdraft
  D.  GBC
Answer
Ans: D
GBC
27. For international money transfer, which Indian bank has signed MoU with the American Company 'Money Gram'?
  A.  PNB
  B.  Central Bank
  C.  Bank of Baroda
  D.  State Bank of India
Answer
Ans: A
PNB
28. RBI is empowered to vary the CRR of commercial banks between
  A.  2-11%
  B.  4-13%
  C.  3 – 15%
  D.  5-12%
Answer
Ans: C
3 – 15%
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