Banking Awareness Quiz for Bank Exams Set - 1

Mentor 4 CA

Dear Readers,

Welcome to Mentor for Current Affairs. Here I am presenting Banking Awareness quiz for upcoming bank exams like IBPS/BOB. Aspirants preparing for those exams can make use of these questions. Please do like my Facebook Page. Thank you.

1. The term “BANK” defined in the section 5(b) of _____________?

A. Reserve Bank of India Act, 1934

B. State Bank of India Act, 1955

C. Negotiable Instruments Act, 1881

D. Banking Regulation Act, 1949

E. Regional Rural Banks Act, 1975

2. When a Bank is financing an “International Business”, it in fact, is involved in which of the following?

A. Retail Banking

B. Unit Banking

C. Trade Finance

D. Project Finance

E. Micro Finance

3. Who among the following is the head of the US Central Banking Authority “Federal Reserve” [FED]?

A. William Yellen

B. Janet Yellen

C. Rose Yellen

D. Anna Yellen

E. Elizabeth Yellen

4. ₹ 1, 00,000 per Depositor across all banks is the maximum Deposit amount insured by Deposit Insurance & Credit Guarantee Corporation [DICGC] with effect from ____________onwards.

A. 1st May 1998

B. 1st April 2003

C. 1st May 1993

D. 1st April 2001

E. 1st May 1995

5. The “Retail Loans” given by commercial banks are generally for a duration of ___________

A. less than 1 year only

B. less than 3-5 years only

C. less than 5-7 years only

D. less than 10 years only

E. more than 10 years

6. We frequently read about “FEMA” in News Papers. What does the Letter “M” denotes in the Abbreviation “FEMA”?

A. Money

B. Marginal

C. Modified

D. Mutual

E. Management

7. “NIFTY” is National Stock Exchange of India’s benchmark stock market index for Indian Stock Market. How many companies that form part of NIFTY index?

A. 20

B. 30

C. 40

D. 50

E. 100

8. Which of the following rate is replaced the “Benchmark Prime Lending Rate” (BPLR)?

A. Bank Rate

B. Repo Rate

C. Base Rate

D. Savings Rate

E. MSF Rate

9. ____________ is a program of the government to cover the maximum population with bank accounts.

A. Financial Awareness

B. Financial Integrity

C. Financial Inclusion

D. Financial Exclusion

E. Financial Freedom

10. Which of the following is the abbreviation of “BCSBI”?

A. Banking Codes & Services Board of India

B. Banking Codes & Systems Board of India

C. Banking Codes & Standards Board of India

D. Banking Codes & Solutions Board of India

E. Banking Codes & Support Board of India

Answers:

1)d   2)c   3)b   4)c   5)c   6)e (Foreign Exchange Management Act)  7)d   8)c   9)c   10)c