Banking Awareness Objective Questions - Set 11

Advanced 467 Reasoning Puzzles Book SBI PO 2018

Banking Awareness Questions and Answer SBI IBPS

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Banking Awareness Questions Answers Set 11

101. Which amongst the following promoted the concept of self help groups (SHGs) for financing the poor?
(1) RBI
(2) Union Ministry of labour
(3) NABARD
(4) Union Ministry of Rural development
(5) None of these

102. In India, the first bank of limited liabilities managed by Indians and founded in 1881 was
(1) Hindustan Commercial Bank
(2) Oudh Commercial Bank
(3) Punjab National Bank
(4) Punjab and Sind Bank
(5) National Bank

103. SLR is maintained by banks on which of the following –
(1) Demand and Time Deposits
(2) Net Demand and Time Deposits
(3) Demand and Time Liabilities
(4) Net Demand and Time Liabilities
(5) None of these

104. How many banks were first nationalised?
(1) 10 
(2) 12
(3) 14 
(4) 16
(5) 24

105. 'Open Market operation' is a part of  
(1) Labour Policy
(2) Fiscal Policy
(3) Monetary and Credit Policy
(4) Income Policy
(5) None of these

106. When was the second phase of nationalisation done?
(1) 9th July 1969
(2) 10th July 1968
(3) 16th August 1985
(4) 15th April 1980
(5) None of the above

107. What is the base year for new series of IIP (Index of Industrial Production)?
(1) 1993-94
(2) 1994-95
(3) 2003-2004
(4) 2002-2003
(5) 2004-2005

108. How many banks were in the second phase of nationalisation?
(1) 4
(2) 5
(3) 6 
(4) 7
(5) 9

109. International Bank for Reconstruction and Development is related to.
(1) World Bank
(2) ADB
(3) IMF
(4) Federal Bank
(5) None of these

110. Which of the following Indian Banks is not a Nationalised Bank?
(1) Corporation Bank
(2) Dena Bank
(3) Federal Bank
(4) Vijaya Bank
(5) Oriental Bank of Commerce

111. Consider the following statements:
1. Allahabad Bank was the first bank to be established exclusively by Indians.
2. Seven banks forming subsidiary of State Bank of India was nationalised in 1960.
Which of the statements given above is/are correct?
(1) Only 1 
(2) Only 2
(3) Both 1 and 2 
(4) Neither 1 nor 2
(5) Can’t say

112. Which of the following is not a component of bank deposits?
(1) Fixed deposits
(2) Current A/C deposits
(3) Recurring deposits
(4) Safe deposits
(5) None of these

113. Which was the first Bank corporated by the Indians?
(1) Imperial Bank of India
(2) State Bank of India
(3) Avadh Commercial Bank
(4) Reserve Bank of India
(5) National Bank

114. What is a soft currency?
(1) A currency whose exchange rate has a tendency to fluctuate
(2) A currency which can be easily used for settling any International transactions.
(3) A currency which can not be used for settling international transactions because it does     not command a value in the international market
(4) A currency which is available by way of soft loans from international agencies
(5) None of these

115. In deficit financing, the government borrows money from.
(1) RBI
(2) Public
(3) IMF
(4) Capitalists
(5) None of these

116. When was the Avadh Commercial Bank established?
(1) 1881 
(2) 1894
(3) 1898
(4) 1899
(5) 1864

117. Imperial Banks were amalgamated and changed as .......
(1) Reserve Bank of India
(2) State Bank of India
(3) Subsidiary Banks
(4) Union Bank of India
118. What is meant by a Scheduled Bank?
(1) ABank functioning under provisions of Banking Regulation Act. 1949
(2) ABank included in 2nd schedule of RBIAct 1934
(3) ABank incorporated under Banking Companies Act. 1956
(4) ABank authorised to do Banking functions
(5) None of these

119. When was Imperial Bank was changed to State Bank of India?
(1) 1st January 1935
(2) 26th February 1947
(3) 1st July 1955
(4) 1st July 1959
(5) 26th February 1955

120. A banking system in which a big bank has a number of branches in different parts of the country is known as.
(1) Unit Banking
(2) Branch Banking
(3) Mixed Banking
(4) Chain Banking
(5) None of these

Important Banking Awareness Questions Set 11

101. 3    102. 2    103. 4    104. 3    105. 3    106. 4    107. 5    108. 5    109.  1   110. 3     111.  3  112. 4   113. 3   114. 3   115. 1   116. 1   117. 2   118. 2   119. 3   120. 2