Banking Awareness Objective Questions - Set 12

Advanced 467 Reasoning Puzzles Book SBI PO 2018
Banking Awareness Questions and Answer SBI IBPS

Banking Awareness Quiz Questions Answers are providing for all banking exams and interviews in 2017 - 2018. These are some important Banking Awareness Questions and Answers pdf download free providing by our Banking Expert Team is useful for all banking exams and It is specially designed according to the Syllabus of RRB, IBPS/SBI PO, and Clerk VII 2017-2018.

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Banking Awareness Questions Answers Set

121. FCNR accounts can be opened and maintained as   
(1) Savings Bank Account
(2) Term Deposit Accounts
(3) Recurring Deposits
(4) Current Accounts
(5) None of these

122. In the second nationalisation of commercial banks, ......... where nationalised.
(a) 4
(b) 5
(c) 6
(d) 8
(e) 9

123. If RBI adopts an expansionist open market operations policy, this means that it will………….
(1) offer commercial banks more credit in open market
(2) sell securities in the open market
(3) openly announce to the market that it intends to expand credit.
(4) buy securities from non- government holders
(5) None of these

124. The first wholly Indian Bank was set-up in
(a) 1794
(b) 1894
(c) 1896
(d) 1902
(e) 1918

125. Which of the following defines letter of credit?
(1) A contractual agreement made between different parties to compensate for any damages or losses.
(2) It is a letter from a bank, guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount.
(3) A solemn promise or agreement to do or refrain from doing something.
(4) A security interest on real property grant to a lender.
(5) None of these

126. When was SBI established?
(a) 1st April 1935
(b) 31st July 1969
(c) 5th May 1955
(d) 1st July 1955
(e) 5th May 1960

127. Which of the following is not a part of India's Money Market?
(1) Money Lenders
(2) Indian Gold Council
(3) Bill Markets
(4) Banks
(5) None of these

128. The new issue market is connected with.
(1) New issue of treasury bills
(2) New issue of currency notes
(3) Issue of IPO
(4) All of above
(5) None of these

129. The origin of the State Bank of India goes back to the first decade of the 19th century with the establishment of
(a) Bank of Calcutta
(b) Bank of Bengal
(c) Bank of Bombay
(d) Bank of Madras
(e) None of these

130. Which of the following schedules of Indian Constitution includes Banking?
(1) 8th
(2) 7th
(3) 5th
(4) 6th
(5) None of these

131. Which bank came into existence in 1921 when three banks namely, Bank of Bengal (1806), Bank of Bombay (1840) and Bank of Madras (1843) were reorganised and amalgamated to form a single banking entity?
(a) Imperial Bank of India
(b) State Bank of India
(c) Reserve Bank of India
(d) Punjab National Bank
(e) None of the above

132. Who among the following acts as an agent of Government of India in respect of her membership of IMF?
(1) Ministry of Finance
(2) Reserve Bank of India
(3) SEBI
(5) None of these

133. Which bank became the State Bank of India in 1955?
(a) General Bank of India
(b) Bank of Hindustan
(c) Imperial Bank of India
(d) Federal Bank of India
(e) None of the above

134. Which of the following banks has acquired the ‘Centurion Bank of Punjab’?
(a) ICICI Bank
(b) IDBI Bank
(c) HDFC Bank
(d) AXIS Bank
(e) None of these

135. Which of the following interest rates are not fixed by RBI and left to the discretion of the Bank concerned?
(A) Saving Bank deposits
(B) DRIAdvances
(C) Ceiling rates on FCNR/NRE deposit accounts
(D) Ceiling rates on export credit facilities
(1) Aand D 
(2) Aand C 
(3) Only A 
(4) Only D 
(5) None of these

136. What was the deposits criteria of 14 banks nationalised on 19th July 1969?
(a) Rs 1000 crore
(b) Rs 500 crore
(c) Rs 100 crore 
(d) Rs 50 crore
(e) None of these

137. Moral Suasion is the instrument of ……………
(1) Trade Policy
(2) Fiscal Policy
(3) Budget
(4) Monetary Policy
(5) None of these

138. Name the premier institution that is taking care of the financial needs of importers and exporters of our country which was established in the year 1981.
(a) EXPO Bank
(b) Export Import Bank (EXIM)
(c) Merchant Bank
(d) ECGC
139. When more than one banks are allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is called.
(1) Securitization 
(2) Participation 
(3) Consortium
(4) Consolidation
(5) None of these

140. The first nationalisation of banks exercise was done on
(a) 19th June 1969
(b) 19th June 1970
(c) 19th June 1967
(d) 15th July 1967
(e) None of the above

Important Banking Awareness Questions Set

121. 3    122. 3    123. 1    124. 3    125. 2    126. 4    127. 2    128. 4      129. 1    130. 2    131. 1    132. 2   133. 3    134. 3     135. 4      136. 4     137. 4    138. 2    139. 3     140. 1