Banking Awareness – Series 2

Banking Awareness MCQ Questions Answers – Series 2

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Question Answer – Set 1

Question Answer – Set 2


1) The liberalization of Indian Banking and Regulation was done based on recommendation of _______?

a. R Gandhi Committee
b. Narasimham Committee
c. Basel Committee
d. Khusro Committee

View Answer
Option – b)

2) Cryptocurrency is a _______ .

a) Plastic Money.

b) Digital Medium of Exchange

c) Digital payment

d) Both A & B

View Answer
Option – b)

3) South Indian Bank has its headquarter in which state?

a. Tamil Nadu
b. Kerela
c. Andhra Pradesh
d. Karnataka

View Answer
Option – b)

4) FATCA stands for

a. Foreign Account Tax Compliance Act
b. Foreign Account Trade Company Act
c. Financial Account Tax Compliance Act
d. Fiscal Account Tax Compliance Act

View Answer
Option – a)

5) For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for?

a) Equated Money Index

b) Easy Money Installment

c) Equated Monthly Installment

d) Equal Monthly Installment

View Answer
Option – c)

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

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

View Answer
Option – a)

7) The securities that the Banks purchase with the intention of keeping them till they mature, fall in which of the following categories ?

a) Held till maturity

b) Fixed securities

c) Fixed time securities

d) Permanent securities

View Answer
Option – a)

8) Which subsidiary bank was merged with the State Bank of India on August 13, 2008?

a. State Bank of Hyderabad
b. State Bank of Indore
c. State Bank of Mysore
d. State Bank of Saurashtra

View Answer
Option – d)

9) Name the micro finance company that becomes the first to start operation as a commercial bank?

a. PayTm Bank
b. Vodafone m-Pesa Bank
c. Yes Bank
d. Bandhan Bank

View Answer
Option – d)

10) The Holidays for the Banks are declared as per which of the following Act

a) Reserve bank Act

b) Banking Regulation Act – 1949

c) Negotiable instrument Act –1881

d) Companies Act – 1956

View Answer
Option – c)

11) Name the initiative launched by the Finance Minister Arun Jaitely to revamp functioning of public sector banks, PSBs on 14th Aug’15?

a. Seven Plan
b. Maulik Niti
c. BankNiti
d. Indradhanush

View Answer
Option – d)

12) Which bank has acquired the Sharekhan.com- broking and trading company?

a. HSBC
b. BNP Paribas
c. Deutsche Bank
d. ING Vysya

View Answer
Option – b)

13) Which of the following is a foreign bank having branches in India?

a)HDFC Bank

b) ICICI Bank

c) Yes Bank

d) Standard Chartered Bank

e) Syndicate Bank

View Answer
Option – d)

14) As per the Fitch Ratings released on 1st Sep’15, which of the following banks has been downgraded by one notch to ‘bb’ to reflect the growing risk to the bank’s capital position from its mounting stressed assets?

a. Indian Bank
b. Canara Bank
c. Axis Bank
d. Punjab National Bank

View Answer
Option – d)

15) As announced by EPFO on 6th Aug’15, what amount of money would be invested by EPFO via Exchange Traded Funds (ETF)?

a. 200 Crore
b. 980 Crore
c. 2400 Crore
d. 5000 Crore

View Answer
Option – d)

16) On 21st July’15 the Supreme Court rejected plea of applicants for OBC status in Bank PO exam. The applicants belong to which community?

a. Bengali
b. Marwari
c. Gurjar
d. Jaat

View Answer
Option – d)

17) Who was the first Indian Governor of RBI?

a. C. D. Deshmukh
b. Benegal Rama Rau
c. R. K. Shanmukham Chetty
d. K. G. Ambegaokar

View Answer
Option – a)

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

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

View Answer
Option – c)

19) In April 1980, ____ banks were nationalized in India?

a. 3
b. 5
c. 6
d. 7

View Answer
Option – c)

20) How many Deputy Governors are there in RBI?

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

View Answer
Option – b)

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