QUESTIONS ON BANKING AWARENESS SET 12

Here is Set 12 containing Questions on Banking Awareness for IBPS PO, IBPS Clerk, SBI PO, SBI Clerk, RBI, BOB and other competitive examinations.
 

Questions on BANKING AWARENESS

Questions on Banking Awareness

1. Out of the total of 72 applicants for small finance banks: how many applicants have been issued licenses by RBI?
A)57
B)22
C)72
D)10
E)25

2. Bank deposits are insured by DICGC for a maximum amount of ……. Per depositor per bank.
A)No limit
B)Rs.50,800
C)Rs.5,00,000
D)Rs.2,00,000
E)Rs.1,00,000

3. Which of the following scheme of Govt. of India has created Guinness World Record for the largest cash transfer programme?
A)Aam Admi BIma Yojana
B)Deen Dayal Disabled Rehabilitation Scheme
C)MGNREGA
D)Pahal
E)Jan Dhan Yojana

4. What will be the approximate cost for SBI for merger of its subsidiaries and Bharatiya Mahila Bank with it?
A)Rs.1,000 crores
B)Rs.500 crores
C)Rs.3,000 crores
D)Rs.2,000 crores
E)Rs.750 crores

5. What is the full form of CKYCR?
A)Central KYC Records Registery
B)Central KYC Registery
C)Centralized KYC Register
D)Central KYC Records
E)Other than those given as options

6. What is the full form of MUDRA which has been set up by the Government of India?
A)Micro Units Development and Refinance Agency
B)Major Units Development and Refinance Agency
C)Micro Units Division and Regulating Agency
D)Micro Units Development and Regulating Agency
E)Other than these given as options

7. As per recent press reports, Finance Minister moved the insolvency and bankruptcy Bill 2015, known commonly as the Bankruptcy Code, in the Lok Sabha, which of the following authority has been proposed as a regulator
A)RBI
B)SEBI
C)IRDA
D)Ministry of Finance
E)Insolvency and Banking Board of India

8. Which one of the following is not a financial regulator in the country?
A)IBA
B)IRDA
C)PFRDA
D)SEBI
E)RBI

9. Which of the following public sector banks has launched ‘Mingle’ to enable its customer access to various banking July 2016?
A)Bank of India
B)Union bank of India
C)Bank of Baroda
D)State Bank of India
E)Allahabad Bank

10. Who amongst the following is heading the committee which has been constituted to examine the feasibility of a new financial year?
A)Dr. Y. V. Reddy
B)Venkaiah Naidu
C)Dr. Shankar Acharya
D)Arun Jaitley
E)Dr. Raghuram Rajan

11. Which mortgage lender from India is among the world’s biggest and most powerful companies in the consumer financial services, according to Forbes list which was released recently (July 2016) ?
A)ICICI Bank
B)HDFC Bank
C)Bank of Baroda
D)Axis Bank
E)SBI

12. A new terminology which is being used these days is called P2P lending. What is the full form of P2P?
A)Proper to proper
B)People to people
C)Peer to peer
D)Other than those given as options
E)Point to point

13. Which of the following companies has re-launched ESOPs (in July, 2016) after 13 years to rein in attrition?
A)WIPRO
B)Kotak Mahindra Bank
C)ICICI Bank
D)Unilever
E)Infosys

14. Who appoints a banking ombudsman-
A)Lead Bank of the State
B)Governor of respective state
C)Reserve Bank of India
D)President of India
E)Chief Justice of India

15. Who decides the rate of interest on savings bank deposits?
A)Ministry of Finance
B)Indian Banks Association
C)Parliamentary Committee
D)Reserve Bank of India
E)Individual Banks

16. What is the name of the new insurance scheme which provides insurance coverage of Rs.2 lakh on payment of small premium amount of Rs.12 per year?
A)Pradhan Mantri Jeevan Jyoti Bima Yojana
B)Jeevan Sangharsh Bima Yojana
C)Pradhan Mantri Suraksha Bima Yojana
D)Other than those given as options
E)Jeevan Sangam Bima Yojana

17. The Govt. has set up a monetary policy committee (MPC), who is heading this committee?
A)RBI Governor
B)Vice-Chairman of the NITI Aayog
C)Finance Minister
D)Prime Minister
E)President of India

18. As per the recent press report, RBI has selected how many companies for setting up payment banks in the country?
A)41
B)72
C)11
D)18
E)23

19. Investments in Sukanya Samridhi Account can be made up to a maximum amount of ……..per annum.
A)Rs.15 lakh
B)Rs.1 lakh
C)Rs.1.5 lakh
D)Rs.3 lakh
E)There is no ceiling

20. Which of the following is a self-regulatory body for banks which are dealing in foreign exchange transactions in India?
A)SEBI
B)FEDAI
C)IBA
D)RBI
E)Both RBI and IBA

21. Which of the following public sector banks is the first bank to offer wealth management service?
A)Bank of India
B)Bank of Baroda
C)State Bank of India
D)Canara Bank
E)Other than those given as options

More Questions on Banking Awareness here