Banking Awareness Quiz for RRB Mains

Dear Readers, Banking Awareness Questions play important role in Banking exams. Around 50-60% of questions come from Banking Awareness which includes recent Banking updates also.

Try to Answer Banking Awareness questions given in this post. We will provide you more questions in next post.

1. Which of the following is not a negotiable Instrument?
(1) Promissory note
(2) Bill of Exchange
(3) Cheque
(4) Bank Draft
(5) Share Certificate
Ans-4

2. Those instruments which can be transferred by endorsement and delivery, but the transferee does not get a better title than that of the transferor is called
(1) Negotiable Instruments
(2) Quasi Negotiable Instruments
(3) Non Negotiable Instruments
(4) All of the above
(5) one of the above
Ans-2

3. Which of the following statements is not correct about Negotiable Instruments?
(1) Pay A or Order
(2) Pay to Order of A
(3) Pay A and B
(4) Pay A only
(5) Pay Bearer
Ans-4

4. The Narasimham Committee- I was set up in
(1) 1990
(2) 1991
(3) 1992
(4) 1998
(5) 2000
Ans-2

5. The Narasimham Committee-I was set up to suggest some recommendations for Improvement in the
(1) efficiency and productivity of the financial institution
(2) banking reform process
(3) export of IT sector
(4) fiscal reform process
(5) None of the above
Ans-1

6. Banking Ombudsman Scheme is applicable to the business of ______?
(1) All scheduled commercial banks excluding RRBs
(2) All scheduled commercial banks including RRBs
(3) Only Public Sector Banks
(4) All Banking Companies
(5) All scheduled banks except private banks
Ans. (2)

7. Nationalization of banks aimed at all of the following except ________?
(1) Provision of adequate credit for agriculture, SME & exports
(2) Removal of control by a few capitalists
(3) Provision of credit to big industries only
(4) Access of banking to masses
(5) Encouragement of a new class of entrepreneurs
Ans. (3)

8. Base Rate is the rate below which no Bank can allow their lending to anyone. Who sets up this 'Base Rate' for Banks?
(1) Individual Banks' Board
(2) Ministry of Commerce
(3) Ministry of Finance
(4) RBI
(5) Interest Rate Commission of India
Ans. (4)

9. Bad advances of a Bank are called _____?
(1) Bad debt
(2) Book debt
(3) Non Performing Asset
(4) Out of order accounts
(5) Overdrawn accounts
Ans. (3)

10. Axis Bank is a ______?
(1) Public Sector Bank
(2) Private Sector Bank
(3) Co-operative Bank
(4) Foreign Bank
(5) Gramin Bank
Ans. (2)