IMPORTANT BANKING QUESTIONS -- IBPSGUIDE
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100 BANKING AWARENESS QUESTIONS
Important Banking Awareness Questions
1). For using safe deposit locker
facilities, bank customers pay
a) Exchange on locker
b) Commission
on locker
c) Rent on
locker
d) Safe
custody charges
e) None of
these
Answer: c)
2). What is the full form of ECB?
a) External Cooperative Borrowings.
b) Extra
Cooperative Borrowings.
c) External
Commercial Borrowings.
d) Extra
Commercial Borrowings.
e) None of
these
Answer: c)
3). Which among the following is
NOT a credit rating agencies?
a)
Experian
b) CRISIL
c) ICRA
d) FITCH
e) ONICRA
Answer: a)
4). The definition of 'Banking' is given in _____
a) Negotiable Instrument Act. 1881
b) RBI Act,
1934
c) The
Banking Regulation Act, 1949
d) The
Indian Contract Act, 1872
e) None of
these
Answer: c)
5). Which of the following is the least liquid asset ?
a) Money
b) Shares
c) Machinery
d) Special
deposits
e) None of
these
Answer: c)
6). What does cheap rate imply?
a) Interest are very high
b) Interest
rate are very low
c) Interest
are medium
d) All of
the above
e) None of
these
Answer: b)
7). RTGS as well as NEFT uses
a) UTR
Number
b) MICR
c) IFSC
d) DNS
e) None of
these
Answer: c)
8). Per capita income is obtained
by dividing national income by
a) Area of the country
b) Total
working population
c) Volume of
the capital used
d) Total
population of the country
e) None of
these
Answer: d)
9). Which of the following bank
has recently launched a new home loan product “Women Power” with a differential
rate of interest exclusively for women customers?
a) ICICI Bank
b) HDFC Bank
c) IDBI Bank
d) SBI
e) None of
these
Answer: b)
10). Which among the following is
a qualitative tool of monetary policy?
a) Bank Rate
b) Credit
Ceiling
c) Credit
rationing
d) Cash
Reserve Ratio
e) None of
these
Answer: c)
11). How many digits are there in
Mobile Money Identifier(MMID)?
a) 7 digits
b) 9 digits
c) 10 digits
d) 11 digits
e) None of
the Above
Answer: a)
12). Which of the following will
set up core banking infrastructure for rural banks ?
a) NABARD
b) RBI
c) IDBI
d) SIDBI
e) None of
these
Answer: a)
13). Expand the term FRBM?
a) Financial Responsibility and Business management
b) Fiscal Responsibility and Business management
c) Financial Responsibility and Budget Management
d) Fiscal Responsibility and Budget Management
e) Formal
Responsibility and Business
Management
Answer: d)
14). The Pre Shipment finance is provided by the banks only to____
a) Importers
b) Bank
Employees
c) Exporters
d) Small
Scale Industries
e) Large
Scale Industries
Answer: c)
15). The tax on import and export is known as
a) income tax
b) trade tax
c) custom
duty
d) commercial
tax.
e) None of
these
Answer: c)
16). Which report is published by
World Bank every year?
a) human development report
b) world
development report
c) international finance and development report
d) world
trade development report.
e) None of
these
Answer: b)
17). Which of the following terms
is used in banking field?
a) Interest rate swap
b) Input
devices
c) Sedimentary
d) Zero Hour
e) None of
these
Answer: a)
18). Which of the following banks was inaugurated by Mahatma Gandhi in
1919?
a) Bank of Maharashtra
b) Bank of
Baroda
c) State
Bank of Saurashtra
d) Union
Bank of India
e) None of
these
Answer: d)
19). Money lent for 15 days or
more in inter-bank market is called _____________
a) Term Money
b) Short
Term Money
c) Call
Money
d) Notice
Money
e) None of
these
Answer: a)
20). While discussing investments
there is mention of short term government security. What is this type of
investment known as ______________
a) Debenture
b) Share
c) Mutual
Funds
d) Treasury
Bill
e) None of these Answer: d)
21). Which bank launched Mobile
Bank Accounts in association with Vodafone's m-paisa?
a) Bank of Baroda
b) HDFC Bank
c) ICICI
Bank
d) Punjab
National Bank
e) None of
these
Answer: b)
22). Which was the second bank in
India with limited liability?
a) Punjab National Bank
b) Imperial
Bank of India
c) New Bank
of India
d) State
Bank of India
e) None of
these
Answer: a)
23). The Headquarters of Islamic
Development Bank is _____
a) Sohar, Oman
b) Kuala
Lumpur, Malaysia
c) Jeddah,
Saudi Arabia
d) Baghdad,
Iraq
e) None of
these
Answer: c)
24). Caixa Bank has been
headquartered in __________
a) United Kingdom
b) Spain
c) Singapore
d) South
Africa
e) None of
these
Answer: b)
25). Who headed the committee on
Credit Information Reports (CIRs)?
a) Raghuram Rajan
b) Kaushik
Basu
c) K.V
Kamath
d) Aditya
Puri
e) None of these Answer: d)
26). PJ Naik committee is related to
a) Refinancing weak banks
b) Licensing
to private bank
c) Governance
of bank boards
d) Privatization
of nationalized banks
e) None of
these
Answer: c)
27). Bank of Rajasthan was merged with
a) SBI
b) HDFC
c) IDBI
d) ICICI
e) None of these Answer: d)
28). Who is the MD and CEO of IDBI Bank?
a) P.S. Jayakumar
b) Mahesh
Kumar Jain
c) Arun
Shrivastava
d) Arun
Tiwari
e) None of
these
Answer: b)
29). “Support all the way” is the
tagline of ______________
a) HDFC Bank
b) Citi
Union Bank
c) Dhanlaxmi
Bank
d) Catholic
Syrian Bank
e) None of these Answer: d)
30). Which international
organization helps in prevention of money laundering?
a) World Bank
b) FATF
c) IMF
d) ADB
e) None of
these
Answer: b)
31). International Bank for
Reconstruction and Development is related to _____
a) World Bank
b) ADB
c) IMF
d) Federal
Bank
e) None of
these
Answer: a)
32). SLR is maintained by banks
on which of the following _____
a) Demand and Time Deposits
b) Net
Demand and Time Deposits
c) Demand
and Time Liabilities
d) Net
Demand and Time Liabilities
e) None of
these
Answer: d)
33). In which year,
Nationalization of SBI Subsidiaries took place?
a) 1955
b) 1966
c) 1959
d) 1969
e) None of
these
Answer: c)
34). High powered money is:-
a) bank's reserves at central bank
b) all loans
and advances of banks.
c) money
held by banks.
d) currency held by public and reserves with the central bank.
e) None of
these
Answer: a)
35). When the banker talks about CDR, what is he talking about?
a) Corporate Debt Restructuring
b) Corporate
Debt Roll over
c) Company
Debt Roll over
d) Corporate
Deposit Restructuring
e) Company
Deposit Restructuring
Answer: a)
36). What does FCCB stand for?
a) Foreign Currency Convertible Bond
b) France
Currency Convertible Bond
c) Freight
Currency Convertible Bond
d) All of
these
e) None of
the Above
Answer: a)
37). Which among the following is
at times mentioned as a kind of Direct Debit Facility?
a) RTGS
b) ECS
c) NEFT
d) All of
these
e) None of
the Above
Answer: b)
38). SEPA Stands for ______
a) Scottish
Environment Protection Agency
b) Single
Euro Payments Area
c) Scottish
Environment Protection Area
d) Single
Euro Payments Agency
e) None of
the Above
Answer: b)
39). Which of the following is
the most active segment of the money market in India?
a) Commercial Paper(CP)
b) Certificate
of Deposit(CD)
c) Call
Money
d) All of
the above
e) None of
the Above
Answer: c)
40). In which of the following
cities, The Head Office of FICCI is located?
a) Hyderabad
b) Chennai
c) Kolkata
d) Mumbai
e) New Delhi
Answer: e)
41). Loans of very small amounts
given to low income groups is called ________
a) Cash credit
b) Micro
credit
c) Simple
overdraft
d) No frills
loans
e) Rural
credit
Answer: b)
42). What is the full form of REER?
a) Real Earning Emergent Ratio
b) Real
Elective Effective Ratio
c) Real
Effective Exchange Rate
d) Role
Effective Earned Rate
e) None of
these
Answer: c)
43). In India, forex rates are determined by
a) Exporters
b) Demand
and supply forces
c) Importers
d) All of
these
e) None of
these
Answer: b)
44). _________ is a way of transferring personal
remittances from abroad to beneficiaries in India
a) RDA
b) MTSS
c) Both (A)
and (B)
d) All of
the Above
e) None of
the Above
Answer: b)
45). How many members are there in FATF?
a) 42
b) 43
c) 40
d) 37
e) 39
Answer: d)
46). A fixed deposit receipt is
kept with the bank for its safety, is known as ___?
a) Safe custody
b) Safe
deposit
c) Locker
d) Valid
safe deposit
e) None of
these
Answer: a)
47). Crypto currency is a _______ .
a) Plastic Money.
b) Digital
Medium of Exchange
c) Digital
payment
d) Both A
& B
e) None of
these
Answer: b)
48). Banking in India is controlled by:
a) Reserve Bank of India
b) Union
Finance Commission
c) Union
Ministry of Finance
d) Union
Ministry of Commerce
e) None of
these
Answer: a)
49). After State Bank of India,
which of the following banks has the largest number of offices?
a) Punjab National Bank
b) Bank of
India
c) Andhra
Bank
d) Canara
Bank
e) None of
these
Answer: a)
50). Which of the following terms
is used in banking field?
a) Interest rate swap
b) Input
devices
c) Sedimentary
d) Zero Hour
e) None of
these
Answer: a)
51). Sukanya Samriddhi Yojana was
launched in which year?
a) 2016
b) 2015
c) 2014
d) 2013
e) None of
these
Answer: b)
52). The Definition of „Banking‟
is given in _______
a) Negotiable Instrument Act, 1881
b) RBI Act,
1934
c) The
Banking Regulation Act, 1949
d) Indian
Contract Act, 1872
e) None of
the Above
Answer: c)
53). On a Cheque instead of two parallel lines only bank‟s name is
written is known as _________
a) Payable to bearer
b) General
Crossing
c) Special
Crossing
d) Both (B)
and (C)
e) None of
the Above
Answer: c)
54). How many Deputy Governors
are there in RBI?
a) 2
b) 4
c) 5
d) 10
e) None of
these
Answer: b)
55). Service Area Approach (SAA)
is associated With?
a) Development banks
b) Branches of commercial banks situated in metro cities
c) Urban
branches of commercial banks
d) Rural and Semi-urban branches of commercial banks
e) None of
these
Answer:
d)
56). Generally, what is the
designation of head of public sector undertakings (PSUs) and PSU banks in
India?
a) President
b) Chairman
cum Managing Director
c) Chairman
d) Director
General
e) None of
these
Answer: b)
57)
. If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on
credit creation will be:
a) Increase
b) Decrease
c) No impact
d) All of
these
e) None of
the above
Answer: a)
58). The Imperial Bank of India,
after its nationalization came to be known as
a) Reserve Bank of India
b) State
Bank of India
c) United
Bank of India
d) Indian
Overseas Bank
e) None of
these
Answer: b)
59). Which of the following rates are reviewed by
the RBI at the time of periodical review of the policy?
·
Bank rate
·
Repo rate
·
Savings bank rate
a) Only 1
b) Only 2
c) Both 1
and 2
d) All the
three
e) None of these Answer: d)
60). Expand the term LIBOR as used
in financial banking sectors?
a) Local Indian Bank Offered Rate
b) London-India
Bureau Of Regulations
c) Liberal
International Bank Official Ratio
d) London
Inter Bank Offered Rate
e) None of
these
Answer: d)
61). Cash kept in the currency chest is owned by?
a) Currency Chest branch bank
b) State
Bank of India
c) Central
Government
d) Reserve Bank of India
e) None of
these
Answer: d)
62). Which bank has acquired the Sharekhan.com-broking and trading
company?
a) HSBC
b) BNP
Paribas
c) Deutsche
Bank
d) ING Vysya
e) None of
these
Answer: b)
63). Which of the following
institution is meant for small and medium enterprises?
a) RBI
b) SIDBI
c) IFCI
d) NABARD
e) None of
these
Answer: b)
64). Which of the following is
the first commercial bank ?
a) State bank of India
b) Oudh
Commercial Bank a
c) Union
Bank of India
d) Indian Bank
e) None of
the above
Answer: b)
65). Which bank has launched the
fist contactless debit, credit and multi-currency forex card?
a) Axis Bank
b) ICICI
Bank
c) HDFC Bank
d) SBI
e) None of
these
Answer: a)
66). What is the full form of FATCA?
a) Forex Account Tax Compliance Act
b) Foreign
Account Tax Compliance Act
c) Forex
Account Total Compliance Act
d) Foreign
Account Total Compliance Act
e) None of
these
Answer: b)
67). Interest payable on savings bank accounts is-
a) decided by banks without following any conditions by RBI.
b) not
regulated by RBI.
c) regulated
by central government.
d) decided by banks following the guidelines of RBI
e) None of
these
Answer: d)
68). The appointments of Banking
Ombudsman will be carried out by which of the following?
a) Finance Ministry
b) RBI
c) Govt. of
India
d) SEBI
e) None of
these
Answer: b)
69). If
the rate of inflation increases then the-
a) purchasing power of money increases.
b) purchasing
power of money decreases.
c) purchasing power of money remains uneffected.
d) All of
these
e) None of
these
Answer: b)
70). In India, National income is estimated by ?
a) Planning Commission
b) Indian
Statistical Institute
c) Central
Statistical Office
d) National
Sample Survey Organisation
e) None of
these
Answer: c)
71). Medium-term industrial
finance refers to the funds required for a period of one year to ________
a) 6 years
b) 2 years
c) 3 years
d) 4 years
e) 5 years
Answer: e)
72). What does the acronym IFCI mean?
a) International Finance Corporation of India
b) Industrial
Finance Corporation of India
c) Institute
of Financial Consultants of India
d) Industrial
Finance Council of India
e) None of
these
Answer: b)
73). Banks are required to
provide loans to the priority sector upto a specified limit. What is the limit
for public sector bank?
a) 50%
b) 20%
c) 40%
d) 10%
e) None of
these
Answer: c)
74). Which of the following bank
has its headquarters in Tamil Nadu?
a) Dhanalakshmi Bank
b) Karur
Vysya Bank
c) South
Indian Bank
d) Catholic
Syrian Bank Ltd
e) None of
these
Answer: b)
75). Industrial Finance Corporation of India, is an Indian government
owned ______
a) Private Bank
b) Scheduled
Bank
c) Development
Bank
d) All of
these
e) None of
these
Answer: c)
76). If a crossed cheque is
presented for payment ______________
a) It can be paid across the counter in another bank
b) Cash can be paid across the counter to the presenter
c) It can be
paid only through a banker
d) Cash can be paid across the counter to the presenter
e) None of
these
Answer: c)
77). Which of the following scheme was formulated by RBI?
a) Banking Ombudsman Scheme
b) Jan Dhan
Yojana
c) MUDRA
Bank Yojana
d) Boutique
Financing Scheme
e) None of
these
Answer: a)
78). A transfer of money from a
migrant worker to their families or other individuals in their home countries
is known as _________
a) Inward Remittance
b) Foreign
Remittance
c) Commercial
banking
d) Wholesale
banking
e) None of
these
Answer: b)
79). While discussing investments
there is mention of short term government security. What is this type of
investment known as ______________
a) Debenture
b) Share
c) Mutual
Funds
d) Treasury
Bill
e) None of these Answer: d)
80). Regional rural banks are managed by ______?
a) The Central Government
b) Sponsored
Bank
c) The State
Government
d) All of
the above
e) None of the above Answer: d)
81). Which of the following is a
fully owned subsidiary of RBI?
a)
NABARD
b) SIDBI
c) IDBI
d) NHB
e) None of
these
Answer: d)
82).
Which of the following has become the first Indian lender to complete a banking
transaction using Blockchain technology?
a) HDFC Bank
b) ICICI
Bank
c) Axis Bank
d) Federal
Bank
e) YES Bank
Answer: b)
83). The main mandate of Payments
Banks is to offer which of the following?
a) Lending services
b) Credit
cards
c) Bancasurance
service
d) Remittance
services
e) None of these Answer: d)
84). Under the RBI,s SDR scheme, banks can convert their loans into
equity, acquire a majority stake in the firm and bring in new promoters, Here
the term SDR means
a) Systematic Debt Restructuring
b) Special Debt Restructuring
c) Supplementary
Debt Restructuring
d) Strategic
Debt Restructuring
e) None of
these
Answer: d)
85). What is “Stagflation”?
a) inflation with growth
b) deflation
with growth
c) inflation
after deflations
d) inflation
with depression
e) None of
the above
Answer: c)
86). Usually, the validity period
of an Income Tax Refund Order is?
a) 1 months
b) 2 months
c) 3 months
d) 6 months
e) None of
the above
Answer: c)
87). Money laundering is related
to ------------------- ---------
a) To reduce the number of families which lives below poverty line
b) To reduce
the NPA of Banks
c) To reduce
the Black Money
d) To reduce
the unemployment rate.
e) None of
these
Answer: c)
88). NAMA
word is related to which organisation ? a) World
Trade Organisation
b) UNCTAD
c) International
Monetary Fund
d) World
Bank
e) None of
these
Answer: a)
89). Service Area Approach (SAA)
is associated With?
a) Development banks
b) Branches of commercial banks situated in metro cities
c) Urban
branches of commercial banks
d) Rural and Semi-urban branches of commercial banks
e) None of
these
Answer:
d)
90). When was the 2nd phase of nationalization of
banks done?
a) 15th April 1980
b) 25th june
1969
c) 20th Aug.
1979
d) 15th Aug.
1980
e) None of
these
Answer: a)
91). The object of introducing
base rate by RBI is_____.
(A) Enhancing transparency in lending rates of banks
(B) Enabling better assessment of transmission of monetary policy
(C) Keeping
interest rates low
a) A and B
b) Only C
c) Only B
d) All of
above
e) None of
these
Answer: a)
92). What is the full form of LERMS ?
a) Liberalised Exchange Rate Management System
b) Long Elimination Reserve Management System
c) Liberalised Extended Related Management Stock
d) Linguistic Exchange Reserve Management Scenario
e) None of
these
Answer: a)
93). Certificate of Deposit (CDs)
and Commercial Paper (CPs) are the instruments widely used in which of the
following financial sector market..?
a) Credit Market
b) Stock
Market
c) Corporate
Debt Market
d) Money
Market
e) Forex
Market
Answer: d)
94). To authenticate a Digital
Signature in Cheque Truncation System (CTS), which of the following keys are
used..
a) Private Key
b) Public
Key
c) Master
Key
d) All of
these
e) None of
these
Answer: a)
95). Payment of a cheque cannot
be made on a cash counter of the bank if the cheque is:-
a) bearer
b) cross
c) order
d) All of
the above
e) None of
these
Answer: b)
96). The nature of convertibility
of the Indian Economy is ______.
a) Convertibility at capital account
b) Convertibility
at trade account
c) Free
Convertible
d) Convertibility
at current account
e) None of
these
Answer: d)
97). SEBI is related to _________.
a) Bank
b) Government
of India
c) Share
Market
d) State
Government
e) None of
the above
Answer: c)
98). Foreign Currency which has a tendency of quick migration is called-
a) Fiat Currency
b) Soft
Currency
c) Token
Currency
d) Hot
Currency
e) None of the above Answer: d)
99). The term „Paper Gold‟ means
________________________
a) Paper with gold coating
b) Gold
Currency
c) Paper
currency
d) Special
drawing rights of the IMF
e) None of
these
Answer: d)
100). Current deposits are also
known as _______________
a) Time Deposits
b) Demand
Deposits
c) Recurring
Deposits
d) Fixed
Deposits
e) None of
these
Answer: b)
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