Banking Awareness Quiz
Banking Awareness Quiz – Set 299: This post contains Banking Awareness Quiz for Banking and Insurance exams like IBPS PO/Clerk, SBI PO/Clerk, RBI Assistant/ GRADE B, NABARD, RRB PO/Clerk, NIACL, NICL and LIC AAO/Assistant etc. These Banking Awareness sets will guide you in all upcoming banking and insurance exams.
- ‘The Name you can Bank Upon’ is the slogan of which bank?
A) State Bank of India
B) HDFC Bank
C) Canara Bank
D) Punjab National Bank
View answer
Option D
Explanation: Punjab National Bank was established on May 19, 1894 and is India’s first swadeshi Bank. The Bank opened for business on 12 April 1895. The tagline of the bank is ‘The Name you can Bank Upon’.
- The Reserve Bank of India has excluded which of the following banks from the second schedule of RBI act after it was merged with DBS bank India limited in 2020?
A) Karur Vysya Bank
B) Lakshmi Vilas Bank
C) Indian Overseas Bank
D) TMB Bank
View answer
Option B
Explanation: the Reserve Bank of India has excluded Lakshmi vilas bank from the second schedule of RBI act after it was merged with DBS bank in 2020 .
- According to 2018 regulation brought by RBI loans belonging to MSMEs will be classified as NPA after how many days?
A) 120 days
B) 150 days
C) 180 days
D) 360 days
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Option C
Explanation: RBI has announced that MSMEs will now have 180 days to pay their dues to banks and NBFCs. However, this facility can be availed by only those MSMEs which:
Are GST registered;
Have an aggregate exposure not exceeding 25 crore
Have dues only between September 2017 and January 2018.
- Which of the following is the function of jobbers in securities market?
A) Creating job opportunities in the market
B) Training newly registered brokers
C) Increasing market size
D) Imparting liquidity to the mrket
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Option D
Explanation: Jobbers are the brokers who are specialized in giving two-way quotations on buying and selling from fellow brokers.
- Who is referred as ‘Drawer’ in a Bill of Exchange?
A) The one to whom payment is made
B) one who excepts order
C) The maker of the instrument
D) All of the above
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Option C
Explanation: The issuer of the instrument is known as drawer. The one who makes payment is known as payee and the one whi accepts the order is known as drawee.
- Which of the following is correct regarding the role and remit of RCAP?
A) The RCAP also supports the Financial Stability Boards.
B) The RCAP monitors adoption of Basel III standards by member jurisdictions.
C) Through the RCAP the basel committee seeks to ensure full, timely and consistent implementation of the Basel III framework.
D) All of the above
View answer
Option D
Explanation: Through the RCAP, the Committee seeks to ensure full, timely and consistent implementation of the Basel III framework, and thus to contribute to global financial stability.
It monitors adoption of Basel III standards by member jurisdictions (timeliness), assesses implementation across member jurisdictions (consistency) and assesses implementation across banks (outcomes).
It also supports the Financial Stability Board’s (FSB) monitoring of the implementation of the agreed G20 financial reforms.
- SIDBI (Small Industries Development Bank of India) was established in which year?
A) 1990
B) 1988
C) 1992
D) 1994
View answer
Option A
Explanation: SIDBI is the principal development financial institution for promotion, financial and development of Micro, Small and Medium Enterprises sector in India. It was established on April 2, 1990, through an Act of Parliament.
- With which of the following banks did the banking system in India commenced?
A) RBI
B) Bank of Hindustan
C) SBI
D) General Bank of India
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Option B
Explanation: Banking system in India commenced with the foundation of Bank of Hindustan in Calcutta in 1770 which ceased to operate in 1832. The General Bank of India, established in 1786 but failed in 1791. Later, many banks came but were not successful. The largest bank and the oldest still in existence is the State Bank of India.
- At which place East India Company established its first presidency bank?
A) Madras
B) Surat
C) Calcutta
D) Bombay
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Option C
Explanation: The Bank of Calcutta established in 1806 in Calcutta. Then, in 1809 it was renamed as Bank of Bengal. After 1766, East India Company’s Calcutta Administration was known as the Benal Presidency. British India was divided into 3 presidencies:
The Presidency of Bengal,
the Presidency of Bombay and
the Presidency of Madras.
The Bank of Bengal was Also known as the Presidency Bank of Bengal.
- In which year Imperial Bank of India was Established?
A) 1941
B) 1930
C) 1921
D) 1955
View answer
Option C
Explanation: Imperial Bank of India was established on 27th January 1921.
