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Banking Awareness Practice Set 16

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Banking Awareness Practice Set 16

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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 16 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 16 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. In which year for the first time a bill was introduced in the Indian Legislative Assembly for the creation of RBI?
    A. 1927 B. 1928 C. 1929 D. 1930

Answer: Option A
2. What was the paidup capital of RBI when it commenced operations as India’s central bank on April 1 1935?
    A. Rs 1 crore B. Rs 5 crore C. Rs 10 crore D. Rs 100 crore

Answer: Option B
3. Where is the headquarter of Bharatiya Reserve Bank Note Mudran Private Limited located?
    A. Chennai B. New Delhi C. Hyderabad D. Bangalore

Answer: Option D
4. What is the function of Board for Financial Supervision (BFS)?
    A. supervision of the financial sector B. supervision of all types of payment and settlement systems C. appointing the directors of scheduled banks D. All of the above

Answer: Option A
5. When was the Board for Payment and Settlement Systems established in the RBI?
    A. 2005 B. 2003 C. 2002 D. 2001

Answer: Option A
1. When did RBI stop acting as the currency issuing authority of Burma?
    A. 1941 B. 1942 C. 1943 D. 1947

Answer: Option B
2. Who heads the Board for Payment and Settlement Systems?
    A. RBI Governor B. RBI Deputy Governor C. Chief Financial Officer D. Person appointed by Union Government

Answer: Option A
3. Which of the following is not a subsidiary of Reserve Bank of India?
    A. Bharatiya Reserve Bank Note Mudran Private Limited B. NABARD C. State Bank of India D. National Housing Bank

Answer: Option C
4. What kind of Deposits are covered by DICGC?
    A. Saving deposits B. Fixed deposits C. Current deposits D. All of the above

Answer: Option D
5. Who was the chairman of Committee on Deepening of Digital Payments formed by RBI?
    A. Nandan Nilekani B. Sanjay Jain C. Kishore Sansi D. Nachiket Mor

Answer: Option A
1. When was Deposit Insurance and Credit Guarantee Corporation established under RBI?
    A. 1976 B. 1978 C. 1981 D. 1969

Answer: Option B
2. Who was the chairman of the Household Finance committee set up by RBI?
    A. Pradeep Kumar B. Usha Thorat C. Bimal Jain D. Tarun Ramadorai

Answer: Option D
3. What were the recommendation of Janak Raj Committee?
    A. linking bank lending rates to a market benchmark B. Merging all the Regional Rural banks C. Dissolving all the Payments banks D. None of the above

Answer: Option A
4. What was the objective of Y H Malegam committee set up by RBI?
    A. Review of Poverty Line B. Licensing of Small Finance Banks C. Monitoring of bad loans D. None of the above

Answer: Option C
5. Who was the chairman of the Committee on Medium-term Path on Financial Inclusion?
    A. Chandan Sinha B. Deepak Mohanty C. Sushil Chandra D. Nachiket Mor

Answer: Option B

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