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Banking Awareness Practice Set 15

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Banking Awareness Practice Set 15

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Banking Awareness is an important section in the employment-related competitive exams in India. In particular, exams like IBPS, SBI and other bank related employment exams have banking awareness questions along with general awareness section. The Banking Awareness section primarily has questions related to the History of Banking, Banking Terms, Banking Products, Functions of Banks, Banks and their Taglines, Schemes, Committees related to Banking, Headquarters of Banks, most recent Banking News, Apps launched by Banks, New Schemes, Monetary Policies etc.
Banking Awareness Practice Set 15 article provides the list of several bank related questions to prepare aspirants of different competitive exams in India, primarily for banking related employment. The article Banking Awareness Practice Set 15 is very useful for different exams such as IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS RRB, Railways, Civil Services etc.

shape Quiz

1. When was the Banking correspondent scheme launched by RBI?
    A. 2002 B. 2005 C. 2001 D. 2006

Answer: Option D
2. What was the objective behind the Banking correspondent scheme?
    A. Taking banking to the remotest areas B. Helping in the process of Financial inclusion C. Both a and b D. None

Answer: Option C
3. Which of the following activities can be undertaken by a Business Correspondent?
    A. Selling mutual fund products B. Selling Pension products C. Extending small credit on behalf of the banks D. All of the above

Answer: Option D
4. Who can work as a Banking Correspondent?
    A. Individuals B. NGOs C. Micro-finance Institutions D. All of the above

Answer: Option D
5. Which of these kinds of deposits can be offered by Banking Correspondents?
    A. Small Savings Accounts B. Fixed Deposits C. Recurring Deposits D. All of the above

Answer: Option D
1. When did the RBI allowed for the first time to open ultra small branches?
    A. 2004 B. 2009 C. 2012 D. 2014

Answer: Option C
2. Who among the following cannot become a BC?
    A. Krishi Vigyan Kendras B. Khadi and Village Industries units C. Community based organisations D. All of the above can become a BC

Answer: Option D
3. What is the other name by which Banking correspondents are known as?
    A. Bank Saathi B. Bank Humraahi C. Bank Daata D. Bank Dost

Answer: Option A
4. Which is India's largest Banking Correspondent company?
    A. Airtel B. FINO C. YONO D. Reliance

Answer: Option B
5. As per RBI guidelines, Ultra Small Branches may be set up between the base branch and BC locations at how much distance?
    A. 3-4 Kms B. 20-25 Kms C. 30-35 Kms D. 18-20 Kms

Answer: Option A
1. Which of the following name is used to refer to the RBI?
    A. Reserve Street B. Credit Street C. Mint Street D. None of the above

Answer: Option C
2. For which of these countries the RBI has served as the central bank in the past?
    A. Myanmar B. Nepal C. Sri Lanka D. All of the above

Answer: Option A
3. Till when the RBI served as the central bank of Pakistan?
    A. August 1947 B. January 1950 C. June 1948 D. November 1949

Answer: Option C
4. Who wrote the book The Problem of the Rupee – Its origin and its solution”, which gave the concept of RBI?
    A. B.R Ambedkar B. Jawahar Lal Nehru C. Lala Lajpat Rai D. Dadabhai Naroji

Answer: Option A
5. In which year the Royal Commission on Indian Currency and Finance recommended the creation of a central bank for India?
    A. 1926 B. 1927 C. 1928 D. 1929

Answer: Option A

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