Oct 17, 2013

Banking Industry Related GK : Banking Awareness Questions Answers

1. The Banking Ombudsman …………………
(1) is in charge of bank loans for buses

(2) fixes the rates of interest for loans

(3) resolves complaints of customers

(4) issues licenses for new bank branches

(5) is the head of all nationalized banks
2. Which of the following is not classified as commercial Bank?
(1) Public sector bank

(2) Foreign bank

(3) Private bank

(4) Regional rural bank

(5) Urban cooperative bank
3. Which of the following is not the name of a Banking Organisation?
(1) HDFC

(2) IDBI

(3) YES

(4) SEBI

4. Money laundering means ………………
(1) Hiding of income source to avoid income tax

(2) Money acquired through criminal source

(3) Money acquired from undisclosed source and deposited in foreign banks

(4) Process of conservation of money obtained illegally to appear to have originated from legitimate source

(5) Money acquired from drug trafficking
5. Monetary Policy as an arm of the economic policy is administrated by ………..
(1) Government of India

(2) Reserve Bank of India

(3) State Bank of India

(4) Governments of the respective states

(5) None of these

6. Which of the following is represents correct meaning of ‘REPO RATE’?
(1) Rate of which sells Government Securities to Banks

(2) Rate for borrowing rupees by banks from RBI

(3) Rate offered by banks to their prime customers

(4) Rate applicable for grant of priority sector loans

(5) None of these
7. Reserve which can act as a liquidity buffer for commercial banks during crisis times are ……
(1) CAR

(2) CRR

(3) CAR and CRR

(4) CRR and SLR

(5) SLR
8. Savings bank accounts are opened by …………..
(1) Trading entities, manufacturing entities and individuals for savings purpose

(2) Traders and manufacturers for business purpose

(3) Individuals for savings purpose

(4) Limited companies and partnerships for savings purpose

(5) Cooperative banks for savings
9. Union budget is always presented in the month of ………….
(1) January

(2) March

(3) April

(4) December

(5) February
10. A customer drawing a chque on a bank has a right to ………….
(1) Take back the cheque from the bank after it is paid

(2) Take back the cheque from the bank after it is paid with the permission of RBI

(3) Stop payment of the cheque before it is paid

(4) Stop payment of the cheque after it is paid

(5) Stop payment of the cheque before it is issued
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