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Banking Awareness Practice Set 6

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Banking Awareness Practice Set 6

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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 6 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 6 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. Who has been given the power under the Banking Regulation Act 1949 to grant license to banks?
    A. RBI B. State Government C. Central Government D. All of the above

Answer: Option A
2. In which year the Banking Regulation Act 1949 was amended to make it applicable to cooperative banks?
    A. 1962 B. 1964 C. 1965 D. 1969

Answer: Option C
3. Which of the following entities are not covered under the Banking Regulation Act 1949?
    A. Public Sector banks B. Cooperative Banks C. Primary Agricultural Credit Society D. All of the above

Answer: Option C
4. Who regulates the District Central Cooperative Banks in India?
    A. RBI B. State Government C. Central Government D. SEBI

Answer: Option A
5. Which section was added in the Banking regulation Act to include the Cooperative Banks under its purview?
    A. Section 61 B. Section 56 C. Section 35 D. Section 28

Answer: Option B
1. What was the primary objective of Sukhmoy Chakravarty Committee formed in 1982?
    A. to form guidelines for opening of Private Sector Banks B. to consider merging of all cooperative banks C. to assess the functioning of the Indian Monetary system D. None of the above

Answer: Option C
2. In which year did the Vaghul committee submitted its report?
    A. 1991 B. 1987 C. 1992 D. 1990

Answer: Option B
3. What was the maximum limit of Statutory Liquidity Ratio had Narasimham Committee recommended?
    A. 25% B. 20% C. 15% D. 18%

Answer: Option A
4. When was the Banking Ombudsman scheme first introduced in India?
    A. 1995 B. 1998 C. 1999 D. 2001

Answer: Option A
5. When was the process of introducing computerization in all branches of banks began in 1993?
    A. 1991 B. 1992 C. 1993 D. 1994

Answer: Option C
1. When was ICICI bank founded?
    A. 1991 B. 1992 C. 1993 D. 1994

Answer: Option D
2. What is the full form of FEMA?
    A. Fixed Entity Management Act B. Foreign Exchange Management Act C. Foreign Entity Management Act D. Finance Establishment Management Act

Answer: Option B
3. Which of these is also called as Committee on Capital Account Convertibility?
    A. Tarapore Committee B. Rangarajan Committee C. N N Vohra Committee D. Indrajit Committee

Answer: Option A
4. What was the target set by Narasimham-II Committee for the capital adequacy ratio of the banks by the year 2000?
    A. 8% B. 9% C. 10% D. 11%

Answer: Option B
5. Which was the first Indian bank to provide Internet Banking Facility in India?
    A. HDFC B. ICICI C. SBI D. Axis

Answer: Option B

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