Banking Awareness Exam

What is the full form of EMI ?

1 Mark(s)

Equal Monthly Investment
Equal Monthly Installment
Easy Monthly Installment
Equated Monthly Installment

What do you mean by Net National Product of a country?

1 Mark(s)

GDP minus depreciation allowances
GNP plus depreciation allowances
GNP minus depreciation allowances
GDP plus depreciation allowances

Which of the following taxes are bounded with GST ?

1 Mark(s)

Entry Tax
Luxury Tax
Food Tax
All of these

What do you mean by 'Tax Haven' ?

1 Mark(s)

It is a country where people need not to pay Municipal tax
It is a country where people can dump the illegal money without any problem
It is a country where foreigners need not to pay any tax on their income
It is a country where people need not to pay Luxury tax

Which of the following currencies fluctuates as a result of the political or economic uncertainty of a country?

1 Mark(s)

Hard Currency
Soft Currency
Cheap Money
Hot Money

Which of the following is/ are the function(s) of world Bank?

1 Mark(s)

It works for reduction of poverty worldwide
It provides loans to countries of the world for capital programs
It promotes gender equality
All of these

What is the minimum number of banks that should be involved in Chain Banking ?

1 Mark(s)

4
5
7
3

In which city the head office of HDFC Bank is situated ?

1 Mark(s)

New Delhi
Mumbai
Pune
Chennai

In which city the head office of Corporation Bank is situated?

1 Mark(s)

Bengaluru
Mumbai
Mangalore
Kolkata

Which of the following statements is/are true about Scheduled Bank ?

1 Mark(s)

It is an institution which is notified by GOI
It is a company defined by companies act, 2013
It is a corporation or company incorporated by the law in force in India
All of these

"Where Service is a Way of Life" is the tagline of which bank ?

1 Mark(s)

Punjab National Bank
Punjab and Sindh Bank
Dena Bank
Vijaya Bank

The rate, at which RBI lends money to commercial banks against securities when commercial banks has less funds for Short Term, is/are known as which of the following?

1 Mark(s)

Repo Rate
Repurchase Rate
Policy Rate
All of these

Which of the following organization decides Repo Rate?

1 Mark(s)

SEBI
IMF
AMFI
RBI

Which one of the following is the largest Foreign Bank in India?

1 Mark(s)

HSBC
Standard Chartered Bank
Taib Bank
Barclays Bank

Which of the following has started the Merchant Banking Operation ?

1 Mark(s)

RBI
NABARD
SIDBI
SBI

Which of the following statements is/are true about the Cyber Audit planned by RBI ?

1 Mark(s)

The new Cyber Audit will be applicable for all banks
The banks not having the security measures as per RBI standards will have to comply within certain time
It will initiate action against the banks which will not have the essential security measures even after warning
All of these

MCLR stands for which of the following ?

1 Mark(s)

Maximum Cost of Funds based Lending Rate
Maintenance Cost of Funds based Lending Rate
Minimum Cost of Funds based Lending Rate
Marginal Cost of Funds based Lending Rate

Which is the first Indian Commercial Bank that was fully owned and managed by Indians?

1 Mark(s)

State Bank of India
Allahabad Bank
Central Bank of India
Canara Bank

Which of the following banks has launched a CSR initiative ?

1 Mark(s)

RBI
NABARD
SBI
RRB

Which of the following statements is/are true about PAN?

1 Mark(s)

It becomes mandatory for filing Income Tax Return
It helps to get Tax deduction
It is the most valid financial identity
All of these

Who has introduced the bill to facilitate SBI merger Bill with its subsidiary banks ?

1 Mark(s)

Narendra Modi
Arun Jaitley
Urjit Patel
Arundhuti Bhattacharya

"Taking Banking Technology to Common Man" is the tagline of which bank ?

1 Mark(s)

Dena Bank
Indian Bank
Vijaya Bank
Union Bank of India

What is the main feature of MUDRA Bank?

1 Mark(s)

It will provide loan to buy house
It will give loans to small entrepreneurs up to 10 Lakh
It will provide education loan to the students
It will sanction loan to buy land for agriculture

IFSC stands for which of the following ?

1 Mark(s)

International Financial System Code
Indian Financial System Code
Integrated Financial System Code
Innovative Financial System Code

In which year the Banking Companies Act was passed ?

1 Mark(s)

1947
1948
1950
1949

Which one is the First Regional Rural Bank in India?

1 Mark(s)

Kashi Gomti Samyut Gramin Bank
Andhra Pradesh GrameenaVikas Bank
Prathama Bank
Bharatiya Mahila Bank

As per the instruction of RBI, in case of any unauthorized online banking transaction, within how many days customers must report ?

1 Mark(s)

4 days
7 days
5 days
3 days

Which of the following bank was known as Imperial Bank of India before Nationalization ?

1 Mark(s)

United Bank of India
Dena Bank
Punjab National Bank
State Bank of India

By which 'Micro Finance Development and Equity' fund is maintained in India ?

1 Mark(s)

RBI
CII
NABARD
SIDBI

JLF stands for which of the following?

1 Mark(s)

Joint Leased Fund
Joint Lending Forum
Joint Lender's Forum
Joint Lender's Federation

Banking Awareness Exam : Question 1 of 30