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 15 presents the model questions related to some Banking Awareness topics useful to the candidates preparing all Bank exams.
Q1
Which of the following is the first commercial bank to launch mutual fund?
- A. State Bank of India
B. Canara Bank
C. Punjab National Bank
D. Bank of India
State Bank of India was the first to launch mutual fund.
Q2
Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of________.
- A. Minors
B. Married women
C. Senior citizens
D. Govt. employees
Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of senior citizens.
Q3
A savings as well as current account should be treated as inactive if there are no transactions in the account for over a period of _____ months.
- A. 24 months
B. 30 months
C. 12 months
D. 06 months
If you have a current or a savings bank account and have not done any transactions through it for more than 12 months, then it will be classified as an inactive account. And if you don’t do any transactions from a bank account for 24 months, then it will be classified as dormant.
Q4
If one is not satisfied with the decision passed by the Banking Ombudsman, one can approach the appellate authority to _______.
- A. Governor of RBI
B. Deputy Governor of the RBI
C. Finance Secretary
D. Finance Minister
If one is not satisfied with the decision passed by the Banking Ombudsman, one can approach the appellate authority against the Banking Ombudsmen’s decision. Appellate Authority is vested with a Deputy Governor of the RBI.
Q5
__________ is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.
- A. Inflation
B. Deflation
C. Stagflation
D. All of the above
In economics, stagflation, or recession-inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment, and vice versa.