Introduction
Banking Awareness is an important section in the employment-related competitive exams in India. In particular, exams like IBPS, RBI Grade B, SBI PO, RRB and other banking examinations. This article Banking Awareness – Quiz 10 presents the model questions related to some Banking Awareness topics useful to the candidates preparing all Bank exams.
Q1
Industrial Development Bank of India (IDBI) was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry. IDBI Bank is a-
- A. Private Sector Bank
B. Nationalized Bank
C. Public Sector Bank
D. Small Finance Bank
Industrial Development Bank of India was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry. The RBI stated that IDBI Bank has been categorised as a private sector bank for regulatory purposes with effect from 21st January, 2019. This follows Life Insurance Corporation of India (LIC) acquiring 51 per cent of the total paid-up equity share capital of the bank.
Q2
Reserve Bank of India (RBI) has appointed 5-member committee under the chairmanship of _______ to strengthen digital payments as well as to boost financial inclusion through Financial Technology.
- A. Nandan Nilekani
B. NR Narayana Murthy
C. Vishal Sikka
D. Salil Parekh
Reserve Bank of India (RBI) has appointed 5-member committee under the chairmanship of Nandan Nilekani to strengthen digital payments as well as to boost financial inclusion through Financial Technology. The committee would submit its recommendations within 3 months.
Q3
Which Bank has been awarded the prestigious Celent Model Bank 2019 Award in the category of Financial Inclusion, for ‘Redesigning Lending to Reach Small Businesses’?
- A. USFB
B. ESFB
C. AUSFB
D. FSFB
Fincare Small Finance Bank (SFB) has been awarded the prestigious Celent Model Bank 2019 Award in the category of Financial Inclusion, for ‘Redesigning Lending to Reach Small Businesses’.
Q4
The Centre has announced a new Rs _____ coin which will come in 12-edged polygon (dodecagon) shape.
- A. Rs 10 coin
B. Rs 20 coin
C. Rs 05 coin
D. Rs 50 coin
The Centre has announced a new Rs 20 coin which will come in 12-edged polygon (dodecagon) shape. The government is also planning to release new coins of Re 1, Rs 2, Rs 5 and Rs 10. However, the govt has not announced the exact date for the issuance of these new series coins.
Q5
Bank of Baroda has become the _______ largest bank in the country.
- A. sixth
B. fourth
C. first
D. third
The amalgamation of Vijaya Bank and Dena Bank into the Bank of Baroda (BoB) has come into effect and all branches of the former two will function as branches of BoB. The merged entity would also receive Rs 5,042 crore fund infusion from the government. Post the merger, Bank of Baroda has become the third largest bank in the country.