Banking quiz

Banking Awareness Quiz – Set 236

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. National Housing Bank is owned by?
    A) Reserve Bank of India

    B) Government of India
    C) SEBI
    D) NABARD
    View answer
      Option B
    Explanation: Fully owned by Government of India (100%). Earlier it was owned by RBI.
  2. In which year was the Banking Codes and Standards Board of India (BCSBI) formed?
    A) 2004

    B) 2002
    C) 2008
    D) 2006
    View answer
      Option D
    Explanation: 18 February 2006
  3. Who regulates a company based Infrastructure Debt Fund (IDF)?
    A) RBI

    B) SEBI
    C) NABARD
    D) NHB
    View answer
    Option A
    Explanation: Reserve Bank of India
  4. Who regulates a trust based Infrastructure Debt Fund (IDF)?
    A) RBI

    B) SEBI
    C) NABARD
    D) NHB
    View answer
    Option B
    Explanation: A trust based IDF would normally be a Mutual Fund (MF), regulated by SEBI, while a company based IDF would normally be a NBFC regulated by the Reserve Bank.
  5. In 1969, those banks were nationalized whose deposits were more than _________.
    A) Rs 100 crore

    B) Rs 200 crore
    C) Rs 50 crore
    D) Rs 10 crore
    View answer
    Option C
    Explanation: The Government nationalised 14 banks (with effect from the midnight of 19 July 1969) with deposits of over Rs.50 crore by promulgating the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969.
  6. In 1980, those banks were nationalized whose deposits were more than _________.
    A) Rs 500 crore

    B) Rs 100 crore
    C) Rs 200 crore
    D) Rs 50 crore
    View answer
    Option C
    Explanation: six banks, viz, Andhra Bank, Corporation Bank, New Bank of India, Oriental Bank of Commerce, Punjab and Sind Bank, and Vijaya Bank with deposit liabilities of Rs.200 crore and above were nationalised in April 1980.
  7. What is the minimum paid up capital requirement for a bank to be eligible for inclusion in the Second Schedule to the Reserve Bank of India Act, 1934?
    A) Rs 50 lakh

    B) Rs 10 lakh
    C) Rs 15 lakh
    D) Rs 5 lakh
    View answer
    Option D
    Explanation: A scheduled bank is one that is listed in the second schedule of RBI Act, 1934. Banks having paid up capital of at least Rs 5 lakh are eligible for inclusion in the Second Schedule to the Reserve Bank of India Act, 1934.
  8. In which year was the headquarters of RBI moved to Mumbai from Calcutta?
    A) 1936

    B) 1938
    C) 1937
    D) 1939
    View answer
    Option C
    Explanation: The Headquarters of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937.
  9. What is the Capital of the Reserve Bank of India?
    A) Rs 5 crore

    B) Rs 50 crore
    C) Rs 500 crore
    D) Rs 100 crore
    View answer
    Option A
    Explanation: The capital of the Reserve Bank of India is Rs 5 Crore.
  10. Banks Board Bureau (BBB) started functioning in which year?
    A) 2014

    B) 2015
    C) 2016
    D) 2017
    View answer
    Option C
    Explanation: The Bureau started functioning from April 01, 2016 as an autonomous recommendatory body.

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