Important Banking Awareness Questions with Answers

By | November 28, 2015
< Important Banking Awareness Questions >

1). Which among the following is launched to avoid frauds in multiple mortgage cases, under SARFAESI Act,2002 one special thing has been created and made operative from 01.04.2011?
a) Special Register Officer at Lucknow
b) Special Central Arbitration Bureau at Lucknow
c) Central Electronic Registry
d) Central SARFAESI Tribunals at 6 Centres
E) State Electronic Registries

2). SBI has merged which of the following two associate banks with itself?
a) State Bank of Hyderabad and State Bank of Patiala
b) State Bank of Hyderabad and State Bank of Travancore
c) State Bank of Mysore and State Bank of Travancore
d) State Bank of Indore and State Bank of Hyderabad
E) State Bank of Indore and State Bank of Saurashtra

3).Which among the following statement is true?
a) Banks cannot accept demand and time deposits from public
b) Banks can accept only demand deposits from public
c) Banks can accept only time deposits from public
D) Banks can accept both demand and time deposits from public
e) Banks can accept demand and time deposits only from government.

4).Internet payable on saving bank account is ?
a) Not regulated by RBI
b) Regulated by State Government
c) Regulated by Central Government.
D) Regulated by RBI
e) Regulated by Finance minister

5).Which of the following is the correct statement?
a) State bank of India is the sole authority to issue and manage currency in India.
b) A Nationalized bank is the sole authority to issue and manage currency in India.
c) A cooperative bank is the sole authority to issue and manage currency in India
D) RBI is the sole authority to issue and manage currency in India

6). Account are allowed to be operated by cheque in respect of ?
a) Both Saving bank accounts and fixed deposits account
B) Savings bank accounts and currents accounts
c) Both savings bank accounts and loan accounts
d) Both savings bank accounts and cash accounts only
e) Both current accounts and fixed deposit accounts

7).Many times we read a term CBS used in banking operations. What is the full form of the letter “C” in the term “CBS”?
a) Complete
b) Credit
c) Continuous
D) Core

8).GNP stands for ?
A) Gross National Product
b) Grop Net Product
c) Grand Nuclear Process
d) Group Networking Process

9).Which among the following schemes is launched specifically for helping senior Citizens to avail loan by mortgage of their residential property?
a) English mortgage schemes
b) Senior Capital loan scheme
C) Reverse Mortgage loan scheme
d) Senior Citizen Personal loan scheme

10).SEBI is a ?
a) Advisory body
B) Statutory body
c) Constitutional body
d) Non-statutory body
e) Registered as a Society

11.) Mixed Economy means ?
a) Co-existence of small and large industries
b) Promoting both Agriculture and industries in the economy
C) Co-existence of public and private sectors
d) Co-existence of rich and poor
e) Existence of wholesale and Retail Markets

12.) The expansion for BIFR, in the context of the Indian Industry is ?
a) Board for Investment and Financial Redevelopment
b) Bureau for Industrial for Financial Revolution
c) Board for investment and Formal Reconstruction
D) Board for Industrial & Financial Reconstruction
e) Bureau for Investment and Financial Reconstruction

13.) A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as ?

14.) The most active segment of the Money Market in India is which one of the following?
a) Call Money / Notice Money Market
b) Repo / Reverse Repo
C) Commercial Paper (CP)
d) Certificate of Deposit (CD)

15.) Which among the following schemes is related exclusively to Financial Inclusion?
a) Swawlamban
b) Swadeshi
C) Swabhiman

16.) Which one of the following decisions has been taken by Government in respect of MGNREGA?
A) The wages should be revised by the state Government
b) The wages are to be revised by Planning Commission
c) The District Authorities who allot work can give differential wages
d) The wages shall be linked to inflation

17.) For which one of following reasons Basel II norms are to be followed by Commercial Banks?
A) Risk management
b) Adoption of international accounting standards
c) Restriction on bonus payments to bank executives
d) Transparency in disclosures

18.) What is the full form of the term LIBOR as used in financial / banking sectors?
a) Local Indian Bank Offered Rate
b) London-Indian Bureau of Regulations
c) Liberal International Bank Official Ratio
D) London Inter Bank Offered Rate

19.) Technological Advancement in the recent times has given a new dimension to banks, mainly to which one of the following aspects?
a) New Age Financial Derivatives
b) Service Delivery Mechanism
c) Any Banking
D) Any type Banking
e) Multilevel Marketing

20.) Base Rate is the rate below which no Bank can allow their lending to anyone. Who sets up this ‘Base Rate’ for Banks?
a) Individual Banks Board
b) Ministry of Commerce
c) Ministry of Financial
e) Interest Rate Commission of India

1). e) 2). e) 3). d) 4). d) 5). d) 6). b) 7). d) 8). a) 9). c) 10). b) 11). c) 12). d) 13). b) 14). c) 15). c) 16). a) 17). a) 18). d) 19). d) 20). d)
* Also we had provided the answers as option in Upper-Case *
So, How many answers you got right?

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