Banking Awareness Quiz | 2 November 2018

Banking Awareness Questions for Bank Exams 2018. Banking Awareness Questions, Quiz for All Bank Exams like IBPS PO Clerk, IBPS RRB, SBI & LIC and other government exams.

Q1. The Definition of ‘Banking’ is given in-

(a) Negotiable Instrument Act, 1881

(b) RBI Act, 1934

(c) The Banking Regulation Act, 1949

(d) Indian Contract Act, 1872

(e) None of the given options is true

Q2. The Banking Codes and Standards Board of India (BCSBI) was registered as a society under the _____________ in February 2006.

(a) Companies Act, 1956

(b) Societies Registration Act, 1860

(c) Banking Regulation Act, 1949

(d) Reserve Bank of India Act, 1934

(e) None of the given options is true

Q3. Private sector RBL Bank has set up an all women branch in-

(a) New Delhi

(b) Kolkata

(c) Bengaluru

(d) Chennai

(e) Mumbai

Q4. The Reserve Bank of India has reportedly rejected HDFC Bank’s plea to declassify its parent Housing Development Finance Corporation Limited (HDFC) as a FII. FII stands for-?

(a) Foreign International Investor

(b) Foreign Institutional Investor

(c) Foreign Institutional Institution

(d) Foreign Initial Investor

(e) Foreign Institutional Instalment

Q5. Infrastructure Finance Company (IFC) is a non-banking finance company has a minimum Net Owned Funds of-

(a) Rs.100 Crore

(b) Rs.200 Crore

(c) Rs.500 Crore

(d) Rs.300 Crore

(e) Rs.800 Crore

Q6. ECB can be raised under Track-II for the general corporate purpose (including working capital). The minimum average maturity period will be-

(a) 05 years

(b) 10 years

(c) 15 years

(d) 20 years

(e) 25 years

Q7. PAN card issued by the income tax department cannot be used for which of the following purpose?

(a) Proof of identity

(b) Proof of a registered taxpayer

(c) Proof of address

(d) Proof of date of birth

(e) None of the given options is true

Q8. In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers?

(a) Retail Banking

(b) Universal Banking

(c) Virtual Banking

(d) Unit Banking

(e) None of the given options is true

Q9. The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as:

(a) Economic Policy

(b) Monetary Policy

(c) Fiscal Policy

(d) Credit Policy

(e) Budgetary Policy

Q10. On the basis of an assessment of the current and evolving macroeconomic situation, MPC has decided to keep the policy repo rate unchanged. MPC stands for-

(a) Money Policy Committee

(b) Management Policy Committee

(c) Monetary Product Committee

(d) Monetary Policy Corporation

(e) Monetary Policy Committee

Answer key

1. Ans.(c)

2. Ans.(b)

3. Ans.(d)

4. Ans.(b)

5. Ans.(d)

6. Ans.(b)

7. Ans.(c)

8. Ans.(a)

9. Ans.(b)

10. Ans.(e)

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