Objective Questions Banking Awareness 4

Banking Awareness Questions and Answers

Banking Knowledge Objective Questions Test Banking Awareness 4

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Objective questions banking awareness Indian Banking System Questions

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1. Which Bank is not a Public Sector Bank
a) Bank of Baroda
b) Corporation Bank
c) Indian Overseas Bank
d) State Bank of India
e) South Indian Bank

e) South Indian Bank

2. Who appoints Banking Ombudsman
a) Government of India
b) State Government
c) NABARD
d) RBI
e) Finance Ministry

d) RBI

3. Which Bank is not a Private Sector Bank
a) HDFC Bank
b) ICICI Bank
c) AXIS Bank
d) IDBI Bank
e) Yes Bank

d) IDBI Bank

4. The first Regional Rural Bank (RRB) was
a) Prathama Bank
b) Imperial Bank of India|
c) Bank of Madras
d) Bank of Hindustan
e) None

a) Prathama Bank

5. Which is not a negotiable instrument
a) Cheque
b) Bill of Exchange
c) Pay order
d) Promissory Note
e) None

e) None

6. Who sponsored Prathama Bank
a) Syndicate Bank
b) State Bank of India
c) Allahabad Bank
d) Corporation Bank
e) South Indian Bank

a) Syndicate Bank

7. The first RRB Prathama bank was established on
a) 1st July 1955
b) 3rd March 1956
c) 1st April 1935
d) 3rd July 1955
e) 2nd Oct 1975

e) 2nd Oct 1975

8. Which scheme redressal the complaints raised by bank customers
a) Banking Ombudsman Scheme
b) Banks Board Bureau Scheme
c) Bank Complaint Scheme
d) Complaint Box Scheme
e) None

a) Banking Ombudsman Scheme

9. What is BCSBI
a) Banking Codes and Standards Board of India
b) Banking Codes and Standards Bureau of India
c) Bureau Codes and Standards Board of India
d) Basel Codes and Standards Board of India
e) Bank Codes and Standards Board of India

a) Banking Codes and Standards Board of India

10. When is BCSBI established
a) 1st July 1955
b) 3rd March 1956
c) 1st April 1935
d) 18th Feb 2006
e) 2nd Oct 1975

d) 18th Feb 2006

11. Head quarters of BCSBI is in
a) Mumbai
b) Hyderabad
c) Bangalore
d) New Delhi
e) Mangalore

a) Mumbai

12. The first Indian bank to start commercial operations in China
a) Bank of Baroda
b) Corporation Bank
c) HDFC Bank
d) State Bank of India
e) ICICI Bank

d) State Bank of India

13. Web based complaints redressal system ‘SCORES’ is launched by
a) SEBI
b) RBI
c) SBI
d) NABARD
e) ICICI

a) SEBI

14. What is BCBS in Banking
a) Basel Committee on Banking Supervision
b) Banking Committee on Basel Supervision
c) Board Committee on Banking Supervision
d) Bureau Committee on Banking Supervision
e) Board Committee on Bureau Supervision

a) Basel Committee on Banking Supervision

15. Which is India’s first live payments bank
a) Airtel payment bank
b) Paytm payment bank
c) India Post payment bank
d) Fino Payment bank
e) Aditya Birla Payment Bank

a) Airtel payment bank

16. When was RBI issued license to Airtel payment bank
a) 1st July 2016
b) 3rd March 2016
c) 1st April 2016
d) 18th Feb 2016
e) 11th April 2016

e) 11th April 2016

17. What is UPI Digital Payments
a) Unified Payments Interface
b) Ultimate Payments Interface
c) United Providers Interface
d) Ultimate Payments Interface
e) Unified Providers Interface

a) Unified Payments Interface

18. What is IMPS
a) Immediate Payment Service
b) Instant mediate Payment Service
c) Instant money Payment Service
d) Immediate Platform Service
e) Intermediate Payment Service

a) Immediate Payment Service

19. Unified Payments Interface is developed by
a) Airtel Payments Bank
b) Aditya Birla Payment Bank
c) National Payments Corporation of India
d) Paytm payment bank
e) Reserve Bank of India

c) National Payments Corporation of India

20. Which organization is for operating retail payments and settlement systems in India.
a) Reserve Bank of India
b) Development & Research in Banking Technology
c) National Financial Switch
d) National Payments Corporation of India
e) Electronic Payments and Settlement Systems

d) National Payments Corporation of India

21. Which Indian domestic card scheme launched by the NPCI
a) RuPay Card
b) Visa card
c) Maestro card
d) Master card
e) None

a) RuPay Card

22. What is BHIM
a) Board Interface for Money
b) Banking Interface for Money
c) Bharat Interface for Money
d) Banking Interface for Money
e) Bank Interface for Money

c) Bharat Interface for Money

23. What is MMID
a) Merchant Money Identifier
b) Mobile Money Intermediate
c) Mobile Money Identifier
d) Mobile merchant Identifier
e) Mobile Money Interaction

c) Mobile Money Identifier

24. What is NEFT
a) National Electronic Financial Time
b) National Electronic Funds Time
c) National Electronic Funds Transaction
d) National Electronic Financial Transfer
e) National Electronic Funds Transfer

e) National Electronic Funds Transfer

25. What is RTGS
a) Real time gross settlement
b) Real transaction gross settlement
c) Real transfer gross settlement
d) Risk time gross settlement
e) Risk transaction gross settlement

a) Real time gross settlement

26. What is NBFC in Financial sector
a) Non Banking Financial Company
b) New Banking Financial Company
c) National Banking Financial Company
d) Non Banking Fund Company
e) None

a) Non Banking Financial Company

27. Where is (BIS) Bank for international settlements located
a) Switzerland
b) Germany
c) USA
d) UK
e) India

a) Switzerland

28. The Federal Reserve System is the central banking system of which country
a) Japan
b) South Africa
c) Germany
d) USA
e) china

d) USA

29. Head quarters of United Bank of India is in
a) Mumbai
b) Hyderabad
c) Bangalore
d) New Delhi
e) Kolkata

e) Kolkata

30. “We Value You” is a Slogan of which Bank
a) HDFC Bank
b) ICICI Bank
c) AXIS Bank
d) IDBI Bank
e) DCB Bank

e) DCB Bank

31. CEO of Punjab and Sind Bank
a) Jatinder Bir Singh
b) S. Harisankar
c) Dr. Charan Singh
d) Shri Atanu Sen
e) Harsh Bir Singh

b) S. Harisankar

32. When was current Ombudsman scheme is operative from
a) Nov 2006
b) Jan 2006
c) Oct 2006
d) Dec 2006
e) May 2006

b) Jan 2006

33. Who will settle the grievances of customers
a) Ombudsman
b) SEBI
c) NABARD
d) SBI
e) RBI

a) Ombudsman

34. Who is Banking Ombudsman
a) Bank Manager
b) The Bank CEO
c) An Official of Indian Government
d) Senior official appointed by the RBI to redress customer complaints
e) Vigilance Officer in Bank

d) Senior official appointed by the RBI to redress customer complaints

35. The rate on which banks borrow from the RBI is called
a) SLR
b) CRR
c) Interest Rate
d) Reverse Repo Rate
e) Repo Rate

e) Repo Rate

36. The rate on which RBI borrow from the Banks is called
a) SLR

b) CRR
c) Interest Rate
d) Reverse Repo Rate
e) Repo Rate

d) Reverse Repo Rate

37. What is SLR in Banking
a) Statutory liquidity ratio
b) Statutory liquidity rate
c) Standard liquidity ratio
d) Statutory lending rate
e) Scheduled liquidity ratio

a) Statutory liquidity ratio

38. Head quarters of Insurance Regulatory and Development Authority is in
a) Mumbai
b) Hyderabad
c) Bangalore
d) New Delhi
e) Kolkata

b) Hyderabad

39. Which of the following is known as Banker’s Bank
a) RBI
b) SBI
c) NABARD
d) IRDAI
e) None

a) RBI

40. Which of the following rates are decided by banks itself
a) Bank Rate
b) Repo Rate
c) Reverse Repo Rate
d) Base Rate
e) Cash Reserve Rate

d) Base Rate

41. What is the animal on the insignia of the RBI logo
a) Lion
b) Elephant
c) Tiger
d) Panther
e) Horse

c) Tiger

42. First fully digital and paperless bank in India
a) SBI
b) ICICI Bank
c) HDFC Bank
d) Airtel Payment Bank
e) Canara Bank

d) Airtel Payment Bank

43. Capital Market Regulator is
a) NABARD
b) SEBI
c) RBI
d) SIDBI
e) None

b) SEBI

44. Highest denomination coin in India
a) 100
b) 5
c) 1
d) 10
e) 50

d) 10

45. When did RBI demonetize 25 paise coin
a) 2011
b) 2005
c) 2000
d) 2016
e) 2007

a) 2011

46. Which is the first small finance bank in India
a) North East Small Finance Bank
b) ESAF Small Finance Bank
c) Ujjivan Small Finance Bank
d) Capital Small Finance Bank
e) Fincare Small Finance Bank

d) Capital Small Finance Bank

47. When a bank returns a cheque unpaid, it is called as
a) Taking the cheque
b) Cheque bounce
c) Payment of cheque
d) Dishonor of the cheque
e) None

d) Dishonor of the cheque

48. When is (GIC) General Insurance Corporation of India established
a) 1st July 1955
b) 3rd March 1956
c) 1st April 1980
d) 18th Feb 1970
e) 22nd Nov1972

e) 22nd Nov1972

49. Who is Chairman of GIC
a) Jatinder Bir Singh
b) S. Harisankar
c) Alice G Vaidyan
d) Shri Atanu Sen
e) Harsh Bir Singh

c) Alice G Vaidyan

50. Head quarters of (GIC) General Insurance Corporation of India is in
a) Mumbai

b) Hyderabad
c) Bangalore
d) New Delhi
e) Kolkata

a) Mumbai

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