Banking Awareness Quiz : Set – 41
Q.1) what is the maximum denomination of coins can issue ?
a) Rs.1000
b) Rs.500
c) Rs.100
d) Rs.10
e) Rs.50
Click Here to View Answer
Ans : A
Explanation : Coins can issue denomination of Rs.1000 as per coinage act 1906 under section 24,Banking regulation act 1934
Q.2) When was Rs.25 paisa coins become illegal tender to use in the country?
a) July 10, 2010
b) Feb 14, 2009
c) July 1,2011
d) April 26,2011
e) November 26,2010
Click Here to View Answer
Ans : C
The Reserve Bank of India (RBI) announced that the 25 paise coin would cease to be legal tender on July 1, 2011. That would leave the 50 paise coin as the minimum legal tender and the lone representative of the sub-one-rupee coin family.
Q.3) The coins are minted at?
a) Mumbai,Kolkatta and Hyderabad
b) Mumbai,New Delhi and Hyderabad
c)New Delhi, mysore and Kolkatta
d) Mumbai, Kolkatta and delhi
e) None of these
Click Here to View Answer
Ans : a
The coins are minted at Mumbai,Kolkatta and Hyderabad.
Q.4) Which year was mahatma Gandhi series introduced in the bank note?
a) 1947
b) 1985
c) 1990
d) 1996
e) 1951
Click Here to View Answer
Ans : 1996
The Gandhi Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of Indian rupee. As the name suggests, the series is so called because the obverse of the banknotes prominently display the portrait of Mahatma Gandhi. Since its introduction in 1996, this series replaced all banknotes issued before 1996. The Reserve Bank of India (RBI) introduced the series in 1996 with 10 and 500 rupee banknotes.
Q.5)When was currency system converted into decimal in the country?
a) April 12,1948
b) April 1, 1957
c) April 2, 1962
d) March 23,1991
e) None of these
Click Here to View Answer
The first decimal-coin issues in India consisted of 1, 2, 5, 10, 25 and 50 naye paise, and 1 rupee. The 1 naya paisa was bronze; the 2, 5 & 10 naye paise were cupro-nickel, and the 25 naye paise (nicknamed chawanni; 25 naye paise equals 4 annas), 50 naye paise (also called athanni; 50 naye paise equalled 8 old annas) and 1-rupee coins were nickel. In 1964, the word naya(e) was removed from all coins. Between 1957 and 1967, aluminium one-, two-, three-, five- and ten-paise coins were introduced.
Q.6) The security Paper Mill is located at?
a) Hoshangabad,MP(1968)
b) Hyderabad,AP(1968)
c) Dewas,MP(1968)
d) Nasik, Maharashtra(1967)
e) None of these
Click Here to View Answer
Ans : A
Explanation : The security Paper Mill is located at Hoshangabad,MP(1968).They printing bank notes and non judicial stamp.
Q.7) Which of the following mint also called as Alipore mint?
a) Indian government mint,Kolkatta
b) Indian government mint, Mumbai
c) Indian government mint, Uttar Pradesh
d) Indian government mint, Hyderabad
e) Indian government mint, Madhya Pradesh
Click Here to View Answer
Q.8) Which of the following act prevent Bank directors and their relative to take loan from the bank?
a) Section 20 BR act 1934
b) section 10 BR act 1940
c) Section 25 BR act 1947
d) Section 15 BR act 1935
e) None of these
Click Here to View Answer
Q.9) Hindi was displayed prominently on the new notes from which year?
a) 1947
b)1951
c)1953
d)1954
e)1976
Click Here to View Answer
Ans : C
In 1953, Hindi was displayed prominently on the new notes. The debate regarding the Hindi plural of Rupaya was settled in favour of Rupiye. High denomination notes (Rs 1,000, Rs. 5,000, Rs. 10,000) were reintroduced in 1954
10) When was first mahatma Gandhi series notes of Rs.20 and Rs.50 notes introduced?
a) 8 july,2011
b) 12 may,2000
c) 10 April,2001
d) 26 january, 1951
e) None of these
Click Here to View Answer
