Important Banking Awareness Questions

Important Banking Awareness Questions
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For the following questions answer them individually
Question 1
What is the term for loans provided to study abroad?
A Mortgage
B Educational loan
C Higher Learning Loan
D Masters Loan
E None of these
Answer: B
Question 2
The American Express Company, also known as Amex is headquartered at______
A California
B Los Angeles
C Chicago
D Boston
E New York
Answer: E
Question 3
What is the premium amount of Pradhan Mantri Suraksha bima yojana?
A Rs.17
B Rs.18
C Rs.12
D Rs.5
Answer: C
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Question 4
A bond issued at a discount and repaid at its face value?
A Convertible bond
B Zero coupon bond
C Callable bond
D Coupon bond

E None of these
Answer: B
Question 5
The nationalisation of major commercial banks took place in
A 1947
B 1956
C 1969
D 1980
Answer: C
Question 6
The rate at which RBI gives short term loan to commercial banks is called
A Repo rate
B Reverse Repo rate
C Bank rate
D Cash Reserve rate
Answer: A
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Question 7
The export-import bank of India was set up in?
A Jan 1982
B Jan 1983
C Feb 1982
D Feb 1983
Answer: A
Question 8
The rate below which banks can not generally lend is called as
A Base rate
B Floor rate
C Repo rate
D Call money rate
E Ceiling rate

Answer: A
Question 9
Insurance cover for bank deposits in our country is provided by
A SBI
B Govt of India
C GIC
D LIC
E DICGC
Answer: E
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Question 10
The term ‘Plastic money’ refers to -
A ATM/Credit Cards
B Plastic coated currency notes
C Foreign Currency Notes
D Travellers Cheque
E None of these
Answer: A
Question 11
What is the total number of languages on currency notes issued by the Reserve Bank of India?
A 4
B 10
C 14
D 17
E 22
Answer: D
Question 12
FDI in private banking sector of India is allowed up to
A 33 %
B 49 %
C 51 %

D 74 %
E 90 %
Answer: D
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Question 13
In banking sector, Financial Resolution Authority deals with
A Double Taxation cases
B Failing financial institutions
C Cases related to NBFCs
D Increasing NPAs of scheduled commercial banks
E All of the above
Answer: B
Question 14
Where is the headquarters of European Bank for Reconstruction and Development located?
A Hamburg
B Rome
C Paris
D London
Answer: D
Question 15
Under a contractionary money policy the RBI raises the interest rates to………………..
A Increase level of Employment
B Boost money supply in the economy
C Control Inflation
D Deal with sluggish economic conditions
E Boost up Economic Growth
Answer: C
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Question 16
What is the minimum age required by an person to open a bank account in the individual capacity?

A 14 Years
B 18 Years
C 12 Years
D 8 Years
E 10 Years
Answer: E
Question 17
What is the minimum amount of investment in a treasury bill issued by Reserve Bank of India on behalf
of the government of India?
A Rs 50,000
B Rs 1 Lakh
C Rs 25,000
D Rs 10,000
E No limit on minimum investment
Answer: C
Question 18
A cheque bearing the date earlier than the date of submission to the bank is known as
A Bearer Cheque
B Stale Cheque
C Crossed Cheque
D Post-Dated Cheque
E Ante-Dated Cheque
Answer: E
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Question 19
One-rupee currency note bears the signature of
A President of India
B Vice President of India
C Finance Secretary
D Finance Minister
E Commerce Minister
Answer: C

Question 20
A bond issued at a price less than its face value and payable on its due date at its face value bearing no
ROI (Rate of interest) is called
A Preference Bond
B Zero Coupon Bond
C Convertible Bond
D Perpetual Bond
E Sovereign Bond
Answer: B
Question 21
Recently, India has decided to introduce plastic currency notes. A number of other countries are already
using plastic notes, but the pioneer in this field is
A Sweden
B England
C France
D United States of America
E Australia
Answer: E
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Question 22
Who inaugurated the Bhartiya Mahila Bank?
A Sonia Gandhi
B P. Chidambaram
C Manmohan Singh
D D. Subbarao
E None of these
Answer: C
Question 23
What is the present policy repo rate by the Reserve Bank of India as of 20th August 2019?
A 5.8 %
B 6%
C 5.1 %

D 5.75 %
E 5.4 %
Answer: E
Question 24
In the context of the banking system in India, what does IFSC stand for?
A Indian Financial Structural Code
B Indian Functional System Calculation
C Indian Financial System Code
D Indian Financial Social Code
Answer: C
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Question 25
Gold and silver are the examples of ____________
A Fiat Money
B Commodity Money
C Representative Money
D Reserve Money
E Commercial Bank Money
Answer: C
Question 26
What is the maximum amount that a user can hold in a payment bank in India?
A 50,000
B 10,00,000
C 1,00,000
D 1,50,000
E 5,00,000
Answer: C
Question 27
Which commercial bank of India recently became the first to launch Mobile Branch with ATM, titled
‘Branch on Wheels’?
A State Bank of India
B Axis Bank

C ICICI Bank
D ABN Amro Bank
E Punjab National Bank
Answer: C
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Exams
Question 28
What is the term for the cheque issued by a person to another person in which the issuing date is after a
few days (a date which is yet to come)?
A Anti-dated cheque
B Stale cheque
C Post-dated cheque
D Crossed cheque
E Order cheque
Answer: C
Question 29
With reference to the banking system of India, what does NEFT stand for?
A National Equity Finance Transaction
B National Equity Funds Transaction
C National Electronic Finance Transfer
D National Electronic Funds Transfer
Answer: D
Question 30
In the context of banking system in India what is the fullform of RTGS ?
A Random Time Gross Settlement
B Real Time Gain Settlement
C Reel Time Gain Settlement
D Real Time Gross Settlement
Answer: D
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Question 31
In Banking, full form of IMPS is________

A Instant Money Payment System
B Immediate Payment Service
C Instant Money Point of Sale
D Immediate Portal Service
E Internet Money Payment System
Answer: B
Question 32
The App launched by Govt of India after Dr.B.R Ambedkar to boost cashless transactions____
A Exclusif
B MyGov App
C DGFT App
D BHIM
E Rakshak App
Answer: D
Question 33
The Mangalyaan (Mars Orbiter Mission) image is printed by RBI on the Indian Currency notes of
denomination_______
A Rs.2,000
B Rs.500 (new)
C Rs.200
D Rs.50
E Rs.100
Answer: A

Question 34
The Maximum value (denomination) of Note that RBI can issue is______
A Rs.2,000
B Rs.5,000
C Rs.1,00,000
D Rs.10,000
E Rs.20,000

Answer: D
Question 35
What is the name of the bank proposed by RBI apart from "Small" bank
A Payment
B Treasury
C Credit
D None of the above
Answer: A
Question 36
Bank Capitalization related to ?
A Basel III Norms
B Basel II Norms
C Basel I Norms
D None of the above
Answer: A

Question 37
SBI life insurance is partnered with?
A LIC
B BNP Paribas Cardif
C NICL
D None of the above
Answer: B
Question 38
Maestro debit card is owned by______
A Visa
B American Express
C Diners Club
D Master Card
E UnionPay
Answer: D

Question 39
In banking terminology, what is ‘S’ in CBS?
A System
B Solution
C Stability
D Statutory
E Society
Answer: B

Question 40
In banking terminology, what is ‘C’ in ECB?
A Currency
B Capital
C Cooperation
D Commision
E Commercial
Answer: E
Question 41
Which card is issued by NPCI?
A Rupee Card
B RuPy Card
C RuPaiah Card
D RuPay Card
Answer: D
Question 42
What is the tagline of State bank of India ?
A With you all the way
B Trusted family bank
C India’s international bank
D Where India banks
Answer: A

Question 43
Non-Banking Finance Companies with an asset size of how much amount are categorized as
systematically important NBFC by Reserve Bank of India?
A Rs 999 Crore
B Rs 500 Crore
C Rs 100 Crore
D Rs 750 Crore
E Rs 200 Crore
Answer: B
Question 44
Imperial Bank of India is now known as________
A Reserve Bank of India
B State Bank of India
C Union Bank of India
D Allahabad Bank
E Bank of Baroda
Answer: B
Question 45
The Re.1 Note is issued by_____
B Ministry of Finance
C State Bank of India
D NABARD
E Ministry of Rural Development
Answer: B

Question 46
What is the meaning of ‘D’ in FDI?
A Direct

B Deposit
C Development
D Double
E Demand
Answer: A
Question 47
Postal service board consists of how many members excluding the chairman?
A 10
B 5
C 6
D 15
E 8
Answer: C
Question 48
“A friend you can bank upon” is the tagline of which of the following banks?
A Syndicate bank
C Vijaya Bank
D Central Bank of India
E Bank of India
Answer: C
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Question 49
“One Family One Bank” is the tagline of which of the following banks?
A Canara Bank
B Dena Bank
C Bank of Baroda
D Andhra Bank
E Bank of Maharashtra
Answer: E
Question 50
What is the tagline of Punjab national bank which has been in the news recently?

A Good People to Bank with
B Smart Way to Bank
C One family one bank
D A name you can bank upon
Answer: D
Question 51
Bank of Baroda recently decided to exit from the operations in South africa after 21 years. What is the
tagline of Bank of Baroda?
A Relationships beyond banking
B A tradition of trust
C A Passion to Perform
D India’s International Bank
E The name you can bank upon
Answer: D

Question 52
What is the daily limit of ATM cash withdrawal in a post office savings scheme?
A 10,000
B 25,000
C 40,000
D 30,000
E 35,000
Answer: B
Question 53
In a notice money market, the period for transaction is between?
A 1 to 7 days
B 2 to 14 days
C 2 to 10 days
D 1 to 14 days
E 2 to 21 days
Answer: B

Question 54
In a post office, what should be the minimum balance in a cheque account?
A 200
B 1000
C 100
50
D
E 500
Answer: E

Question 55
In a payments bank a customer can hold a maximum balance of __________ initially?
A 2 lakh
B 1 lakh
C 3 lakh
D 1.5 lakh
E 2.5 lakh
Answer: B
Question 56
In the field of banking, what does ADF stand for?
A Additional Dearness Allowance
B Automated Data Flow
C Additional Deposit Assistance
D Automated deposit Allowance
E None of these
Answer: B
Question 57
Maximum timeframe for collection of cheques drawn on state capitals is
A 1 day
B 3 days
C 7 days
D 10 days

E 14 days
Answer: C
Explanation:
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Exams
Question 58
Which is the largest network of shared automated teller machines (ATMs) in India?
A India Payment Gateway
B Unified Payments Interface
C Wired ATM Network
D National Automated Clearing House
E National Financial Switch
Answer: E
Question 59
Which State in India has highest number of commercial banks?
A Maharashtra
B Telangana
C West Bengal
D Punjab
E Uttar Pradesh
Answer: E
Question 60
The headquarters of National Payments Corporation of India is located in________
A New Delhi
B Mumbai
C Bengaluru
D Chennai
E Kolkata
Answer: B

Question 61
Who prepares National Income in India ?
A Planning commission
B Central Statistical Organization
C Reserve Bank of India
D National Income Committee
Answer: B
Question 62
How often does RBI publish the list of Domestic Systemically Important Banks (D-SIBs)?
A Every year
B Every 2 years
C Every 3 years
D Every 4 years
E Every 5 years
Answer: A
Question 63
Institute for Development and Research in Banking Technology is located in_______
A Mumbai
B Hyderabad
C Pune
D Bengaluru
E Kochin
Answer: B

Question 64
The customers by opening and investing in the Tax Saver Deposit Account Scheme in a Bank would get
benefit under _____.
A Sales Tax
B Customs Duty
C Excise Duty
D Professional Tax
E Income Tax

Answer: E
Question 65
BHIM app has been named after?
A B.R Ambedkar
B Subhas Chandra Bose
C Jawaharlal Nehru
D Rajendra Prasad
Answer: A
Question 66
Imperial Bank of India is now known as________
C Union Bank of India
D Allahabad Bank
E Bank of Baroda
Answer: B

Question 67
Which is the largest network of shared automated teller machines (ATMs) in India?
A India Payment Gateway
B Unified Payments Interface
C Wired ATM Network
D National Automated Clearing House
E National Financial Switch
Answer: E
Question 68
How does every bank pay interest on savings?
A Daily
B Weekly
C Fortnightly
D Monthly

E Quarterly
Answer: A
Question 69
What is the alphanumeric code on cheques called?
A RTGS
B MICR
C IFSC
D NEFT
E CC
Answer: C

Question 70
Who is authorised to issue coins in India ?
B Ministry of Finance
C State Bank of India
D Indian Overseas Bank
Answer: B
Question 71
According to the World Bank, which country is the highest recipient of remittances?
A China
B Mexico
C Philippines
D India
E Egypt
Answer: D
Question 72
Where is the headquarters of Bank of Baroda?
A Mumbai
B New Delhi
C Vadodara

D Bangalore
E Ahmedabad
Answer: C

Question 73
The Head Quarters of the World Bank is located
A London
B Paris
C New York
D Tokyo
E Washington D. C.
Answer: E
Question 74
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 Finance
D RBI
E Interest Rate Commission of India
Answer: D
Question 75
What is the full form of the term LIBOR as used in financial/banking sectors ?
A Local Indian Bank Offered Rate
B London- India Bureau of Regulations
C Liberal International Bank Official Ratio
D London Inter Bank Offered Rate
E None of these
Answer: D


Question 76
SEBI is a……
A Advisory body
B Statutory body
C Constitutional body
D Non-statutory body
E Registered as a Society
Answer: D
Question 77
The full form of GATT is General Agreement on …..
A Transport and Telecommunication.
B Technology Training
C Tariff and Tax
D Trade Taxes
E Tariff and Trade
Answer: E
Question 78
What will be the shape of newly issued Rs. 20 coin?
A 12-edged polygon
B 10-edged polygon
C 8-edged polygon
D 6-edged polygon
Answer: A
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Question 79
Non-banking financial company (NBFC) can perform which activity?
A Term deposit
B Demand deposit
C Issuance of cheque
D Housing finance & Investment in financial securities
E None of these

Answer: D
Question 80
Interest payable on savings bank accounts is —
A not regulated by RBI..
B regulated by State Governments.
C regulated by Central Government.
D regulated by RBI.
E regulated by Finance minister.
Answer: D
Question 81
Who was appointed as the non-executive Chairman of Axis bank?
A Hemant Bhargava
B Rakesh Makhija
C Rajnish kumar
D Deepak Parekh
Answer: B

Question 82
World bank came into existence in
A 1945
B 1955
C 1944
D 1956
Answer: C
Question 83
The most powerful tool used by the Reserve Bank of India to control inflation is
A Raise interest rates
B Reduce interest rates
C Raise Currency Supply
D Reduce Currency Supply
E Raise interest rates and reduce currency supply

Answer: A
Question 84
Where is the head office of the Syndicate Bank?
A Mumbai
B Vijayawada
C Jodhpur
D Manipal
E Asansol
Answer: D

Question 85
Banks declare an Asset as Non Performing when the interest / principal is not being paid for more than?
A 30 days
B 90 days
C 120 days
D 150 days
E 180 days
Answer: B
Question 86
Providing bank finance to Self Help Groups (SHGs) is considered a part of -
A Micro Credit
B Agricultural Finance
C Mobile Banking
D Rural Banking
E None of these
Answer: A
Question 87
What is 'Credit Creation'?
A Multiple expansion of deposits
B Reducing the volume of NPAs
C Expansion of customer base

D Providing value addition to existing services
E Both 1 and 3
Answer: A

Exams
Question 88
When a bank returns a cheque unpaid, it is called - -
A payment of the cheque
B drawing of the cheque
C cancelling of the cheque
D dishonour of the cheque
E taking of thc cheque
Answer: D
Question 89
Which Bank is the Banker to the Central Government ?
A Central Bank of India
B Reserve Bank of India
C Punjab National Batik
D State Bank of India
E All of these
Answer: B
Question 90
Which of the following is known as Plastic money?

(A) Demand Draft
(B) Credit Card
(C) Debit Card
A Only A
B Only B
C Only C
D Both B and C
E All A, B and C
Answer: D

Question 91
Normally Banks accept Fixed Deposits for a maximum period of
A 5 years
B 3 years
C 7 years
D 20 years
E 10 years
Answer: B
Question 92
Indian banks have the maximum foreign branches in
A Bangladesh
B Sri Lanka
C U.K.
D U.S.A
Answer: C
Question 93
Bharat QR is an integrated payment system. The full form of QR is______
A Quick Renewal
B Quick Retrieval
C Quick Return
D Quick Response
E Quick Restoration
Answer: D

Question 94
_________ (PPI’s) are issued by business establishments to its consumer for facilitating the purchase of
goods and services from that entity only and do not permit cash withdrawal.
A Closed System Payment Instruments
B Semi-Closed System Payment Instruments
C Semi-open System Payment Instruments

D Open System Payment Instruments
E Mobile Prepaid Instruments
Answer: A
Question 95
JP Morgan Chase an International Bank is headquartered at______
A Washington, D.C.
B North Carolina
C California
D New York
E San Francisco
Answer: D
Question 96
Bank of America an International Bank is headquartered at______
A New York
B North Carolina
C California
D Washington, D.C.
E San Francisco
Answer: B

Question 97
Barclays an International Bank is headquartered at______
A Frankfurt
B Paris
C Edinburgh
D New York
E London
Answer: E
Question 98
BNP Paribas an International Retail banking company is headquartered at______
A Paris

B Kolkata
C London
D Dhaka
E Baghdad
Answer: A
Question 99
Aviva Life Insurance Company India is headquartered at______
A Pune
B Hyderabad
C Lucknow
D Gurugram
E Bengaluru
Answer: D

Question 100
Headquarter of Indian bank is situated in which city?
A Delhi
B Mumbai
C Kolkata
D Chennai
Answer: D


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Downloaded from cracku.in

What is the term for loans provided to study abroad?

C Higher Learning Loan

The American Express Company, also known as Amex is headquartered at______

What is the premium amount of Pradhan Mantri Suraksha bima yojana?

Daily Current Affairs for Banking exams PDF

A bond issued at a discount and repaid at its face value?

B Zero coupon bond

Downloaded from cracku.in

The nationalisation of major commercial banks took place in

B Reverse Repo rate

D Cash Reserve rate

Daily Free Banking Online Tests

The export-import bank of India was set up in?

D Call money rate

Downloaded from cracku.in

Insurance cover for bank deposits in our country is provided by

Daily Free Online GK tests

The term ‘Plastic money’ refers to -

B Plastic coated currency notes

C Foreign Currency Notes

FDI in private banking sector of India is allowed up to

Downloaded from cracku.in

15,000 Free Aptitude Questions

In banking sector, Financial Resolution Authority deals with

A Double Taxation cases

B Failing financial institutions

C Cases related to NBFCs

D Increasing NPAs of scheduled commercial banks

E All of the above

A Increase level of Employment

B Boost money supply in the economy

D Deal with sluggish economic conditions

E Boost up Economic Growth

క ం అ ౖ ం ట : "Current Aﬀairs" అ 7995387269

Downloaded from cracku.in

E No limit on minimum investment

Latest Govt Jobs

One-rupee currency note bears the signature of

B Vice President of India

Downloaded from cracku.in

B Zero Coupon Bond

D United States of America

Computer Awareness Bits for Competitive Exams

Who inaugurated the Bhartiya Mahila Bank?

Downloaded from cracku.in

A Indian Financial Structural Code

B Indian Functional System Calculation

C Indian Financial System Code

D Indian Financial Social Code

General Science Questions and Answers for Competitive Exams

Gold and silver are the examples of ____________

E Commercial Bank Money

A State Bank of India

Downloaded from cracku.in

D ABN Amro Bank

E Punjab National Bank

General Knowledge Questions and Answers for Competitive