Expected Banking Awareness Questions for Competitive Exams

Expected Banking Awareness Questions 

Hi Bank Exams Aspirants. Today we Publishing the Banking Awareness Expected Questions  for Upcoming Bank Exams. This Practice Paper contains 20 Multiple Choice Banking Awareness Questions. We hope this post helps you in coming competitive exams. All the best....

1) One of the earliest banks in India, Bank of Hindustan was established in .....

1. 1850
2. 1890
3. 1870
4. 1910
5. 1770

2) Genera Bank of India established in ................

1. 1707
2. 1786
3. 1801
4. 1900
5. 1902

3) Few Indian Merchants established Union Bank in 1839 (not Union Bank of India) at ?

1. Calcutta
2. Bombay
3. Nagpur
4. Hyderabad
5. Shimla

4) One of the oldest joint stock bank, Bank of Upper India in 1863, merged with Alliance Bank of Shimla.....

1. Allahabad Bank
2. British Indian Bank
3. Indian Catholic Bank
4. Punjab National Bank
5. Alliance Bank of Shimla

5) First entirely Indian joint stock bank Oudh Commercial Bank was established in 1881 at............

1. Faizabad (Uttar Pradesh)
2. Bhopal (Madhya Pradesh)
3. Godhra (Gujarat)
4. Varanasi (Uttar Pradesh)
5. Calcutta (West Bengal)

6) The first phase of Indian Banking runs between 1786 and 1969. The highlights of this period include..........

1. Establishment of banks in India
2. Report of Hilton-Young Commission
3. Establishment of Reserve Bank of India
4. Establishment of State Bank of India
5. All of above

7) The second phase of Indian Banking runs between 1969 and 1991. The highlights include.....

1. Nationalization of Banks
2. Insurance of Bank Deposits
3. Setting up of Regional Rural Banks
4. Establishment of NABARD
5. All of above

8) Third phase of Indian Banking runs between 1991 till today. The highlights of the period include...

1. Introduction of Banking Reforms
2. Infusion of information Technology
3. More entry of Foreign Banks
4. Customer Banking 
5. All of above

9) Economic and Banking pundits divide the functions of RBI in to Three categories. They are.....

1. Traditional, Promotional and Aggressive
2. Frictional, Promotional and Supervisory
3. Traditional, Promotional and Selective
4. Direct, Autocrat and Supervisory
5. Traditional, Promotional and Supervisory

10) .........................functional of Reserve Bank of India include banker to the government, issuing of currency notes, control the foreign exchange, and fight against the economic crisis ?

1. Traditional
2. Promotional
3. Supervisory
4. Autocrat
5. Negligent

11) New innovations in the banking business, promoting loans to poorer and small sections of society, engaging other agencies to float credit like NABARD etc., are to be termed as the ..............functions of RBI.

1. Traditional
2. Supervisory
3. Selective
4. Promotional
5. Elusive

12) Licensing, controlling other institutions which do the part banking, and review of banks performance are the ...............functions of RBI.

1. Promotional
2. Supervisory
3. Traditional
4. Educative
5. Indirect

13) Finance ministry on 4 May 2014 asked the banks to encourage CASA accounts. CASA stands for..........

1. Current Account Saving Account
2. Current Account Stores Account
3. Current Account Service Account
4. Current Account Single Account
5. None of the above

14) On 24 March 2014, which panel recommended that bank customers should be given a free copy of their credit profile, helping to promote financial discipline among loan seekers ?

1. Y.H. Malegam
2. Deepak Parekh
3. Nachiket Mor
4. Urjit Patel
5. Aditya Puri

15) The RBI directed the banks not to levy any penalty on individual borrowers for pre-paying floating loans. Floating Loan includes.........

1. Personal Loans
   
2. Vehicle Loans
3. Housing Loans
4. Corporate Loans
5. All of above

16) SFMS means...........

1. Structured Financial Mean Solution
2. Single Financial Messaging Solution
3. Simple Financial Messaging Solution
4. Structured Financial Message Solution
5. Structured Financial Messaging SMS

17) INRFS means........

1. Indo-NRI Remittance Facility Scheme
2. Indo-Nepal Remittance Force Scheme
3. Indo-Nepal Rule Facility Scheme
4. Indo-Nepal Remittance Facility Scheme
5. Indo-Netherlands Remittance Facility Scheme

18) The Reserve Bank Staff College is at............to train the needs of RBI officers.

1. Bangalore
2. New Delhi
3. Vijayawada
4. Hyderabad
5. Chennai

19) College of Agricultural Banking at...........trains staff of co-operative and commercial banks, including regional rural banks.

1. Mumbai
2. Kolkata
3. Pune
4. Chennai
5. Indore

20) RBI is funding to encourage advance training and research on banking issues, economic growth. It is funding National Institute of Bank Management (NIBM) located at.........

1. Delhi
2. Kolkata
3. Pune
4. Hyderabad
5. Dewas

Important Links:

• General Awareness Practice Paper for Competitive Exams
• Current Affairs Practice Paper for Competitive Exams
• Banking Awareness about World Trade Organization