Banking Awareness Questions for IBPS, SBI, RRB, RBI & Clerical exams - Set 7

1)   What was the State Bank of India called before it was created through SBI Act?

a. Bank of Hindustan
b. Bank of Madras
c. Imperial Bank of India
d. Imperial Bank of Calcutta
Answer  Explanation 

ANSWER: Imperial Bank of India

Explanation:
No explanation is available for this question!


2)   What is the share of Foreign Banks in total branch network in India?

a. Less than 1%
b. More than 5%
c. Around 4%
d. Around 3.2 %
Answer  Explanation 

ANSWER: Less than 1%

Explanation:
No explanation is available for this question!


3)   How many Deputy Governors are there in RBI?

a. 2
b. 4
c. 5
d. 10
Answer  Explanation 

ANSWER: 4

Explanation:
No explanation is available for this question!


4)   Among the following, which type of banking system works on the principles of 'sharia'?

a. Corporate Banking System
b. Shadow Banking
c. Islamic Banking
d. Payments Bank System
Answer  Explanation 

ANSWER: Islamic Banking

Explanation:
No explanation is available for this question!


5)   Which organization provides guarantee to the exporters?

a. Exim Bank
b. Export Credit Guarantee Corporation
c. Reserve Bank of India
d. Registrar of companies
Answer  Explanation 

ANSWER: Export Credit Guarantee Corporation

Explanation:
No explanation is available for this question!


6)   Which bank was united with the Punjab National Bank in 1993?

a. Oudh Commercial Bank
b. New Bank of India
c. Punjab and Sind Bank
d. Imperial Bank of India
Answer  Explanation 

ANSWER: New Bank of India

Explanation:
No explanation is available for this question!


7)   Which is the first bank in India to integrate the Masterpass QR Mobile Payment solution?

a. HDFC
b. DCB
c. RBL
d. ICICI
Answer  Explanation 

ANSWER: RBL

Explanation:
No explanation is available for this question!


8)   Earliest known cooperative credit union ‘Anyonya Sahakari Mandali’ was founded in which year?

a. 1889
b. 1965
c. 1912
d. 1770
Answer  Explanation 

ANSWER: 1889

Explanation:
No explanation is available for this question!


9)   The headquarters of PFRDA are located at?

a. New Delhi
b. Mumbai
c. Chennai
d. Kolkata
Answer  Explanation 

ANSWER: New Delhi

Explanation:
No explanation is available for this question!


10)   SMERA is a joint initiative between ______?

a. SIDBI & Leading Public Sector Banks
b. Dun & Bradstreet Information Services India Private Limited (D&B) & Leading Private Banks
c. RBI & SEBI
d. Both (A) and (B)
Answer  Explanation 

ANSWER: Both (A) and (B)

Explanation:
No explanation is available for this question!


11)   Sukanya Samriddhi Yojana was launched in which year?

a. 2016
b. 2015
c. 2014
d. 2013
Answer  Explanation 

ANSWER: 2015

Explanation:
No explanation is available for this question!


12)   Which of the following was/were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993?

a. DRTs
b. DRATs
c. Both (A) and (B)
d. None of the Above
Answer  Explanation 

ANSWER: Both (A) and (B)

Explanation:
No explanation is available for this question!


13)   Imperial Bank of India was nationalized in which year?

a. 1945
b. 1955
c. 1949
d. 1965
Answer  Explanation 

ANSWER: 1955

Explanation:
No explanation is available for this question!


14)   What is the full-form of NBFC?

a. Non-Bank Financial Competition
b. Non-Bank Foreign Company
c. Non-Banking Financial Company
d. Non-Banking Finance Corporation
Answer  Explanation 

ANSWER: Non-Banking Financial Company

Explanation:
No explanation is available for this question!


15)   Which of the following is true about the functions performed by RBI?

(i) It is the Bank of Issue
(ii) It acts as banker to the Government
(iii) It is the banker of other banks
(iv) It regulates the flow of credit


a. Both (i) and (ii)
b. Both (iii) and (iv)
c. All the above
d. None of the above
Answer  Explanation 

ANSWER: All the above

Explanation:
No explanation is available for this question!


16)   Unit Banking system originated in which country?

a. USA
b. France
c. India
d. England
Answer  Explanation 

ANSWER: USA

Explanation:
No explanation is available for this question!


17)   EXIM bank was established in the year?

a. 1957
b. 1992
c. 1982
d. 1981
Answer  Explanation 

ANSWER: 1982

Explanation:
No explanation is available for this question!


18)   Bhartiya Mahila Bank was founded in the year ____?

a. 2012
b. 2013
c. 2014
d. 2011
Answer  Explanation 

ANSWER: 2013

Explanation:
No explanation is available for this question!


19)   The newest private sector bank, Bandhan Bank has announced that it targets 180 new branches by March 2017. Who is the MD and CEO of Bandhan Bank?

a. Vijay Shekhar Sharma
b. Chandra Shekhar Ghosh
c. Melwyn Rego
d. Kishor Kharat
Answer  Explanation 

ANSWER: Chandra Shekhar Ghosh

Explanation:
No explanation is available for this question!


20)   Which one of the apex bodies regulates the cooperative banks in India?

a. NABARD
b. RBI
c. Sponsor Banks
d. Both A and B
Answer  Explanation 

ANSWER: RBI

Explanation:
No explanation is available for this question!