Banking Quiz.

Banking Awareness Quiz – Set 222

Banking 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.

  1. The term of the Chairman of National Bank For Agriculture And Rural Development (NABARD) is
    A) 3 years
    B) 5 years
    C) 7 years
    D) 2 years
    View answer
      Option A.
    Explanation:3 Years.
  2. The chairman of the Securities And Exchange Board Of India(SEBI) is appointed by
    A) Government of India
    B) RBI
    C) President of India
    D) None is Correct
    View answer
      Option A.
    Explanation: Government of India.
  3. What does ‘C’ stand for in the CAMEL which is term often seen in news?
    A) Capital
    B) Cost
    C) Core
    D) Charge
    View answer
      Option A.
    Explanation: “Capital adequacy, Asset quality, Management, Earnings, Liquidity, and Sensitivity.”
  4. When one bank borrow money from another bank(for one day only), then it is called
    A) Call Money
    B) Recall Money
    C) Aerial Money
    D) Easy Money
    View answer
    Option A.
    Explanation: Call Money.
  5. What is ‘C’ stands for in “BCSBI” which is an autonomous body formed by the joint efforts of RBI and banks?
    A) Central
    B) Cost
    C) Codes
    D) Criteria
    View answer
    Option C.
    Explanation: Banking Codes and Standards Board of India
  6. What is the Tagline of Bank of India?
    A) A tradition of trust
    B) For all your needs
    C) Banking for All
    D) Relationship beyond Banking
    View answer
      Option D.
    Explanation: Relationship beyond Banking.
  7. Reserve  Bank of India was nationalized in :
    A) 1945
    B) 1949
    C) 1950
    D) 1955
    View answer
    Option B.
    Explanation: 1949
    .
  8. When was  the currency system in India converted into decimal system :
    A) From 1st April, 1957
    B) From 1st April, 1959
    C) From 1st April , 1961
    D) From 1st April, 1963
    View answer
      Option A.
    Explanation:From 1st April, 1957.
  9. Kisan credit card can be used for financing :
    A) production needs
    B) Consumption needs
    C) Both A and B
    D) None of these
    View answer
      Option C.
    Explanation:Both
    A and B.
  10. Who decide on the value and volume of bank notes to be printed and on what basis :
    A) Finance Ministry
    B) Planning Commission
    C) RBI
    D) Stock exchange
    View answer
      Option C.
    Explanation:
    RBI.

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