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12 December 2016

Latest General Awareness Bits for Bank Clerks, POs and Specialist Officer Exams - 2016

1. India's early paper currency also issued by Bank of Hindostan (1770-1832), and the Bengal Bank (1784-91). Bank of Hindostan established ........
1) Agency house of Loyd Company
2) Agency house of Pittsburg
3) Agency house of Cox Company
4) Agency house of Alexander and Company
5) Agency house of Rodd and Pour Company

2. India's early paper currency issued by General Bank of Bengal and Bahar (1773- 75). This bank established by?
1) Lord Dufferin 2) Lord Curzon
3) William Bentinck 4) Warren Hastings
5) Lord Cornwallis

3. Wide use of paper currency came in to existence, once the paper currency issued by three Presidency banks. Three presidency banks are?
1) Bank of Bengal (1805), Bank of Bombay
(1840) and Bank of Madras (1843)
2) Bank of Bengal (1806), Bank of Bombay
(1842) and Bank of Madras (1843)
3) Bank of Bengal (1806), Bank of Bombay
(1840) and Bank of Madras (1843)
4) Bank of Bengal (1806), Bank of Bombay
(1835) and Bank of Madras (1846)
5) Bank of Bengal (1921), Bank of Bombay
(1945) and Bank of Madras (1955)

4. In which year 'The Paper Currency Act' was passed, conferred ultimate powers to the Government of India to end the monopoly of Note Issue, bringing to an end note issues of Private and Presidency Banks?
1) 1878 2) 1845 3) 1871 4) 1861 5) 1859

5. First set of British India notes were the 'Victoria Portrait' Series. As Victoria series imitated by fake notes, in which year the Under Print Series was introduced?
1) 1867 2) 1866 3) 1891 4) 1901 5) 1911

6. Under Print Series of paper currency remained long time in force in India. Which series introduced in 1923?
1) King's Portrait 2) Queen's Portrait
3) Palace Portrait 4) Sword Portrait
5) Crown Portrait

7. Small denomination notes in India introduced, due to First World War. One Rupee Paper currency was introduced on 30th November ........
1) 1907 2) 1915 3) 1911 4) 1917 5) 1920

8. One Rupee Paper currency issued by British Government in 1917 initially bore the portrait of .......
1) King George VI 2) George I
3) George III 4) George IV 5) King George V

9. King George V series continued the circulation of currency till Reserve Bank of India took over the functions of the Controller of Currency. The highest denomination issued by RBI after take over from British India was?
1) Rs.10,000 2) Rs.1,00,000
3) Rs.50,000 4) Rs.25,000 5) Rs.5,00,000

10. Currency Note Press established at Nasik in Maharashtra in?
1) 1937 2) 1931 3) 1928 4) 1942 5) 1951

11. Reserve Bank of India inaugurated on Monday, April 1, 1935 with its Central Office at ......
1) Pune 2) Nasik 3) Kolkata
4) Mysore 5) Mumbai

12. RBI shifted its central office to Mumbai in ...
1) 1951 2) 1955 3) 1937 4) 1941 5) 1942

13. The first Governor of RBI Sir Osborne Smith did not sign any bank notes. The first Reserve Bank issues were signed by the second Governor of RBI. Who is the second Governor of RBI?
1) Sir J. M. Keynes 2) Adam smith
3) Robbins 4) Prof. Samuelsson 5) Sir James Taylor

14. First time in India, in which year the demonization of higher denomination of Rs.1,000, Rs.5,000, and Rs.10,000 notes declared?
1) 1946 2) 1950 3) 1951 4) 1955 5) 1953

15. Which of the following statement is correct regarding the paper currency issue in Independent India?
1) Government of India brought out the new design Rs.1 note in 1949.
2) King's portrait replaced by inserting Lion Capital at Sarnath.
3) In 1953, Hindi was displayed prominently on the new notes.
4) High denomination notes (Rs.1,000, Rs.5,000, Rs.10,000) were reintroduced in 1954.
5) All of above statements correct

16. In which year the commemorative design series in paper currency introduced in the honour of the birth centenary celebrations of Mahatma Gandhi was issued depicting a seated Gandhi with the Sevagram Ashram as the backdrop?
1) 1989 2) 1975 3) 1991 4) 1969 5) 1997

17. In the early 70's, which committee, a direct tax inquiry committee set up by the government, suggested demonetization as a measure to unearth and counter the spread of black money?
1) Kelkar 2) Rangarajan 3) Sivaraman 4) Wanchoo 5) Sarayu

18. High denomination notes demonetized second time in ....... by Morarji Desai government.
1) 1964 2) 1967 3) 1978 4) 1991 5) 1999

19. Rising demands of a growing economy together with a fall in purchasing power. Rs. 500 paper currency note was introduced in ........... with the portrait of Mahatma Gandhi, having water mark continued to be the Lion Capital, Ashoka Pillar.
1) 1984 2) 1985 3) 1987 4) 1994 5) 1981

20. Economic Affairs Secretary is ........
1) Ashok Lavasa 2) Hashmuck Athia
3) Amitab Khant 4) A B Pandey 5) Shaktikanta Das

Answers:

1-4
2-4
3-3
4-4
5-1
6-1
7-4
8-5
9-1
10-3
11-3
12-3
13-5
14-1
15-5
16-4
17-4
18-3
19-3
20-5

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