Banking awareness most important 100 questions:-
● What does the M in M-banking stands for?
Answer :- Mobile
● Section 14 of banking regulations act 1949 deals with:-
Answer :- Prohibition of a banking company form creating a charge upon anu unpaid capital of the company.
● As per which act, holidays are provided in the banks?
Answer :- Banking regulation act
● World investment report is published by:-
Answer :- UNCTAD
● What was the purpose of setting up Narsimhan committee-2?
Answer :- Banking reform process
● Merchant banking in India is governed by:-
Answer :- SEBI
● Money laundering means:-
Answer :- Process of conversion of money obtained illegally to appear to have originated from legitimate sources.
● If you wish to purchase US dollars to travel abroad, you will approach:-
Answer :- Any bank branch authorised for such activity
● Which Accounts are allowed to be operated by cheques?
Answer :- Saving and current accounts.
● Mortgage is a :-
Answer :- Security on immovable property for a loan given by a bank.
● After how many days of non repayment of loan installments, the loan is termed as NPA:-
Answer :- 90 days
● Interest on savings bank account is now calculated by banks on:-
Answer :- Daily product basis.
● Largest shareholder of a nationalized bank is:-
Answer :- Govt. of India
● Which is not considered a money market instrument?
Answer :- Commercial paper
● For resolving the complaints of customers, ombudsman charges:-
Answer :- Does not charge any fees.
● Banks have different interest rates for different loan products. to which rate are they linked?
Answer :- Base rate
● Committee related with the merger of RRbs with their sponsor bank is:-
Answer :- Khusro committee
● What defines commercial paper?
Answer :- Short term and unsecured promissory notes issued by corporations with very high credit rating standings.
● Which report is published by World Bank every year?
Answer :- World development report
● The special importance of banks among financial institutions comes from:-
Answer :- Their power to create money
● Non performing assets are those assets which are overdue for a period of more than?
Answer :- 90 days in interest and/or installment in term loan.
● In the context with investment what are A, AA+ and AAA+?
Answer :- Credit Ratings
● High powered money is:-
Answer :- Bank's reserves at central bank
● Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:-
Answer :- Cross
● The tax on import and export is known as :-
Answer :- Custom Duty
● The total number of stock exchanges in India is:-
Answer :- 23
● Which body regulates micro finance?
Answer :- NABARD
● The government wants to provide public sector banks right to passage. What is right to passage?
Answer :- The banks can raise equity capital through rights issue.
● In case of joint accounts who can stop the payment?
Answer :- any one of the account holders singly.
● A saving bank account becomes dormant or inoperative if there is no operation in the account for the last:-
Answer :- 6 months
● If a customer does not get satisfactory responses from the bank regarding his complaint he can approach the banking ombudsman with in how much time?
Answer :- 1 month
● Where is India's first operational SEZ located?
Answer :- Indore.
● What is the maximum population limit for a commercial bank branch to be declared as rural branch?
Answer :- 1 lac
● With reference to banking the 15th day of the month is known as :-
Answer :- customer's day
● According to banking regulation act RBI can fix SLR upto the limit of:-
Answer :- 40%
● The first bank to gain license from RBI for internet banking is:-
Answer :- PNB
● The term currency of India refers to:-
Answer :- One rupee notes and coins
● Which bank, takes care of agriculture & rural finance.
Answer :- NABARD
● What is CRR?
Answer :- It’s a proportion of cash, the commercial banks have to deposit with the RBI.
● In Agency agreement:-
Answer :- The Principal should be a major
● In Sale of Goods Act quiet possession means:-
Answer :- Buyer will possess and enjoy.
● The income earned on a Debenture is
Answer :- Dividend
● Which is deemed to be a Crossed Cheque?
Answer :- On the top of the cheque the words, Crossed Cheque are written without any other marking OR Two parallel transverse lines are drawn on the face of the cheque.
● Savings bank account's payable interest is regulated by:-
Answer :- RBI
● The deposit accounts available in bank are:-
Answer :- Current accounts,saving bank accounts and term deposit account
● Which deposit is payable after certain period ?
Answer :- i)Fixed deposit ii)Recurring deposit
● When a Cheque is returned unpaid is called:-
Answer :- Dishonour of the cheque
● Axis bank was started in the year:-
Answer :- 1994
● How many number of Deputy Governors are there in RBI ?
Answer :- 4
● Which is true about Soft Currency ?
Answer :- Not used for international transactions
● Banks calculate Savings bank account interest on:-
Answer :- Daily basis
● Regional Rural Banks are supervised by:-
Answer :- RBI
● Private Banks are being licensed from:-
Answer :- 1993
● Call Money refers to:-
Answer :- Lending money for one day
● Inter-bank mark is also known as:-
Answer :- Term money
● The first Indian commercial bank, which was fully controlled and managed by Indians was established in 1911 is:-
Answer :- Central Bank of India
● The First bank in India which is fully computerized is:-
Answer :- Bank of India
● Imprisonment for melting or destructing coins is:-
Answer :- 5 to 7 years
● Net Interest Income is the difference between interest earned and :-
Answer :- Interest Paid
● The first bank to introduce Point of Sales Terminal (POS) is:-
Answer :- UBI
● Repo rate and Reverse Repo rate are included in:-
Answer :- Interest Corridor
● One Rupee note contains the signature of:-
Answer :- Finance Secretary
● National Institute of Bank Management is the Training College of :-
Answer :- RBI
● The lowest denomination of currency is:-
Answer :- 1 rupee
● The regulatory authority for all insurance companies in India is :-
Answer :- IRDA
● Mutual Funds comes under the supervisory of:-
Answer :- SEBI
● The bank accepting deposits ,providing business loans and services is called :-
Answer :- Commercial Bank
● Consumer Banks can be found in:-
Answer :- USA Germany
● The bank account in which a depositor can deposit and withdraw money any number of time is called :-
Answer :- Current Account
● Axis Bank formerly Known as:-
Answer :- UTI Bank
● Consumer durable loan is provided by bank for:-
Answer :- Purchase of white goods
● Cheque bearing the date earlier than the date submitted to the bank is called:-
Answer :- Anti-Dated cheque
● CAR stands for:-
Answer :- Capital Adequacy Ratio
● BIS stands for:-
Answer :- Bank of Information Services
● Open Market Operation means:-
Answer :- Buying and selling government securities or operations
● SBI Bank established first wind mill in:-
Answer :- TamilNadu
● The company CREDILA which is India's first Dedicated Educational Loan company is associated with:-
Answer :- HDFC
● The bank that merged Centurion Bank is:-
Answer :- HDFC
● The first branch of Common Wealth Bank of Australia in India is at:-
Answer :- Mumbai
● The software Score for small banking institutions(Co-operative banks) was developed by:-
Answer :- Perfect Software Solutions Pvt Ltd
● The headquaters of European Central Bank is located at:-
Answer :- Frankfurt
● Computer Chip based Debit card is issued first by:-
Answer :- Axis Bank
● The bank that provides interest free loan of Rs.10 lakh for Micro and small enterprise entrepreneurs is:-
Answer :- SBI Bank
● The first rural bank to introduce co-branded ATM card is:-
Answer :- Pallava Grama Bank
● The action taken by the bank to prevent transaction from an account is called as:-
Answer :- Freeze Account
● Banking Ombudsman Scheme was introduced in the year:-
Answer :- 1995
● Private Promoters can establish local area banks inder the act:-
Answer :- Company Act
● New Bank of India was merged with:-
Answer :- Punjab National Bank
● The slogan of Punjab National Bank is:-
Answer :- The name you can BANK upon
● The committee that recommended to merge New Bank of India with PNB is:-
Answer :- Narasimhan Committee
● In financial transactions which is not a Debt instrument ?
Answer :- Stocks
● RBI make some Open Market Operation Transaction to regulate:-
Answer :- Liquidity in economy
● The government of India earns maximum amount of total revenue from:-
Answer :- Excise Duty
👉.Which is known as Plastic Money.
Answer :- Credit Cards
● Capital Market is regulated by:-
Answer :- SEBI
● Bank of Calcutta, Bank of Bombay and Bank of Madras are merged into:-
Answer :- Imperial Bank of India (which is now known as State Bank of India).
● P - notes stands for:-
Answer :- Participatory notes
● Currency Appreciation occurs when:-
Answer :- Currency value increases to another currency
● The measurement of a nations's goods and services within a year is called as:-
Answer :- Gross Domestic Product
● The first Indian bank to open branch in Saudi Arabia is:-
Answer :- SBI
