Banking & Financial Awareness Quiz: We have created many quizzes on Banking Awareness and this set is one of them. These questions are most important for banking and insurance exams. The question asked in the Banking Awareness section are based both on static banking and that to current banking in news. These Banking Awareness sets will guide you in all banking exams like IBPS Clerk, IBPS PO, SBI Clerk, SBI PO, RRB Clerk and PO and other exams. So attempt all the sets now.
- Which of these institutions are eligible to avail the refinance facility provided by NABARD?
A) State Cooperative Banks
B) Regional Rural Banks
C) Commercial Banks
D) All of the above
- Which section of RBI Act 1934 defines the maximum denomination of bank notes that can be issued by RBI?
A) Section 20
B) Section 24
C) Section 28
D) Section 32
- The current account deficit denotes
A) Fall in the value of a country’s net foreign assets
B) High productivity
C) Capital account surplus
D) Low rate of interest
- Which is the first Indian state to issue the smart card license system?
A) West Bengal
B) Maharashtra
C) Gujarat
D) Karnataka
- The KYC guidelines are issued under which act?
A) Reserve Bank of India Act, 1934
B) Banking Regulation Act, 1949
C) Prevention of Money Laundering Act 2002
D) Companies Act 2013
- Telephone banking, ATM, Mail banking are some of the examples of
A) Universal banking
B) Narrow banking
C) Virtual banking
D) Islamic banking
- Who was the head of the Working Group on Wilful Defaulters (WGWD) formed by RBI in 2001?
A) Y.V. Reddy
B) S.S. Kohli
C) A.S. Ganguly
D) Y.H. Malegam
- The Imperial Bank of India was converted into State Bank of India in which year?
A) 1948
B) 1935
C) 1921
D) 1955
- SCC is a qualitative method of credit control used by RBI. What does SCC stands for?
A) Specified Consumer Credit
B) Shares Credit Control
C) Selective Credit Controls
D) Securities Cost Control
- Under the Minimum Reserve System, RBI has to keep a minimum reserve of Rs ___________ as backing while issuing new currency
A) Rs 200 crore
B) Rs 100 crore
C) Rs 150 crore
D) Rs 250 crore