Important Banking Awareness Questions for Upcoming Exams 2017

January 23, 2017    

Important Banking Awareness Questions for Upcoming Exams 2017
Important Banking Awareness Questions for Upcoming Exams 2017 Set-109:
Dear Readers, The List of important Banking Awareness Quiz for upcoming exams was given here. Candidates those who are preparing for the exams can use this.
1). On a Cheque instead of two parallel lines only bank’s name is written is known as _________
a)   Payable to bearer
b)   General Crossing
c)   Special Crossing
d)   Both (B) and (C)
e)   None of the Above


Answer: c)

2). How many banks are presently associated  of State Bank of India?
a)   Eight   
b)   Seven
c)   Six   
d)   Five
e)   Four


Answer: d)

3). The Banking Ombudsman is-
a)   is in charge of bank loan for buses
b)   fixes the rates of interest for loans
c)   resolves complaints of customers
d)   issues licences for new bank branches
e)   is the head of all nationalized banks


Answer: c)

4). 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 Above


Answer: c)

5). What is the most powerful tool used by the Reserve Bank of India to control inflation?
a)   Raise interest rates
b)   Raise current supply
c)   Reduce current supply
d)   Reduce interest rates
e)   None of these


Answer: a)

6). When was the Indian Mercantile Insurance established?
a)   1907
b)   1938
c)   1957
d)   1973
e)   None of these


Answer: a)

7). Which one of the following statements is correct regarding increase in the CRR in India?
a)   It increases credit creation
b)   It reduces credit creation
c)   It does not affect credit
d)   It denoted liberal monetary policy
e)   None of these


Answer: b)

8). The EXIM bank of India was established in ____
a)   1964
b)   1970
c)   1980
d)   1982
e)   1986


Answer: d)

9). Which bank became the first bank to open its branch in china?
a)   IDBI bank
b)   HDFC bank
c)   SBI
d)   Punjab national bank
e)   None of these


Answer: c)

10). The banks are required to maintain certain ratio between their cash in hand and total assets. This is called___
a)   SLR
b)   SBR
c)   CBR
d)   CRR
e)   None of these


Answer: d)

1)c    2)d    3)c   4)c    5)a    6)a    7)b    8)d    9)c     10)d 
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Important Banking Awareness Questions for Upcoming Exams 2017 4.5 5 Yateendra sahu January 23, 2017 Important Banking Awareness Questions for Upcoming Exams 2017 Set-109: Dear Readers, The List of important Banking Awareness Quiz for up...


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