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.
Banking Awareness Quiz for IBPS PO, Clerk, SBI PO,Clerk, IBPS RRB PO, Clerk, RBI Assistant and Other competitive exams.
1). We can open a saving bank account in the sole name of a minor if he completes age of _____?
a) 6
b) 10
c) 18
d) 21
e) None of the above
2). The IMGC is the sole provider of mortgage guarantor for housing finance in India. The alphabet “I” in the abbreviation IMGC stands for________
a) India
b) Institute
c) Internal
d) Informative
e) International
3). Banks are increasingly selling Insurance products mainly due to _____?
a) It helps in increase in deposits of a bank
b) It helps in growing Loan portfolio of a bank
c) It helps increase commission income of a bank
d) It diversify the risk of a Bank
e) Bank have taken over Insurance companies
4). A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as _________
a) Off-shore Banking
b) Investment Banking System
c) Shadow Banking System
d) Conventional Banking
e) Merchant Banking System
5). The term “Bancassurance” means ______?
a) Assurance of quality services by the Bank
b) Selling of Insurance products by Banks
c) Selling of Third party Mutual Funds Products
d) Selling of Add-on Banking Services
e) Selling of Credit Cards
6). The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is ________
a) RBI
b) Financial Intelligence Unit(FIU)
c) Intelligence Bureau(IB)
d) Central Bureau of Investigation(CBI)
e) Central Intelligence Unit(CIU)
7). The Lead Bank Scheme was introduced on the basis of recommendations of _____?
a) Reserve Bank
b) NABARD
c) Study group appointed by National Credit Council under the chairmanship of Prof. D. R. Gadgil
d) SIDBI
e) None of the above
8). An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of ________
a) Rs.5 crore
b) Rs.4 crore
c) Rs.3 crore
d) Rs.2 crore
e) None of the Above
9). At present, the maximum interest a bank offers on Saving bank account is ______?
a) 3.50%
b) 5%
c) 7%
d) As per bank policy, as the Interest rate on Savings account is deregulated
e) None of the above
10). The “Stand Up India” is aimed at promoting entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _______
a) SIDBI
b) NABARD
c) RBI
d) MUDRA
e) DRDA
Answers:
1). b)
Banking Awareness Quiz for IBPS PO, Clerk, SBI PO,Clerk, IBPS RRB PO, Clerk, RBI Assistant and Other competitive exams.
1). We can open a saving bank account in the sole name of a minor if he completes age of _____?
a) 6
b) 10
c) 18
d) 21
e) None of the above
2). The IMGC is the sole provider of mortgage guarantor for housing finance in India. The alphabet “I” in the abbreviation IMGC stands for________
a) India
b) Institute
c) Internal
d) Informative
e) International
3). Banks are increasingly selling Insurance products mainly due to _____?
a) It helps in increase in deposits of a bank
b) It helps in growing Loan portfolio of a bank
c) It helps increase commission income of a bank
d) It diversify the risk of a Bank
e) Bank have taken over Insurance companies
4). A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as _________
a) Off-shore Banking
b) Investment Banking System
c) Shadow Banking System
d) Conventional Banking
e) Merchant Banking System
5). The term “Bancassurance” means ______?
a) Assurance of quality services by the Bank
b) Selling of Insurance products by Banks
c) Selling of Third party Mutual Funds Products
d) Selling of Add-on Banking Services
e) Selling of Credit Cards
6). The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is ________
a) RBI
b) Financial Intelligence Unit(FIU)
c) Intelligence Bureau(IB)
d) Central Bureau of Investigation(CBI)
e) Central Intelligence Unit(CIU)
7). The Lead Bank Scheme was introduced on the basis of recommendations of _____?
a) Reserve Bank
b) NABARD
c) Study group appointed by National Credit Council under the chairmanship of Prof. D. R. Gadgil
d) SIDBI
e) None of the above
8). An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of ________
a) Rs.5 crore
b) Rs.4 crore
c) Rs.3 crore
d) Rs.2 crore
e) None of the Above
9). At present, the maximum interest a bank offers on Saving bank account is ______?
a) 3.50%
b) 5%
c) 7%
d) As per bank policy, as the Interest rate on Savings account is deregulated
e) None of the above
10). The “Stand Up India” is aimed at promoting entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _______
a) SIDBI
b) NABARD
c) RBI
d) MUDRA
e) DRDA
Answers:
1). b)
2).a)
3). c)
4).c)
5). b)
6).b)
7). c)
8).a)
9). d)
10).a)
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