Banking Awareness: Expected Interview Questions for IBPS and Other Competitive Exams

1) As per the reports in various newspapers many private companies are trying to obtain the licence to launch a banking company in India. Which of the following organisation/agencies issue the licence for the same ?

1. Securities and Exchange Board of India (SEBI)
2. Indian Institute of Banking and Finance (IIBF)
3. Indian Bank's Association
4. Registrar of Companies
5. None of these

2) What are the cooperative banks at the village level known as ?

1. Central Cooperative Banks
2. Primary agricultural cooperative societies
3. Village cooperative banks
4. State cooperative banks
5. None of these

3) What is CGTMSE  ?

1. Central Government Fund Trust for Medium and Small Enterprises
2. Credit Guarantee Fund for Medium Size Enterprises
3. Central Government Transfer Fund for Multispeciality Micro Enterprises
4. Credit Guarantee Fund Trust for Micro and Small Enterprises
5. None of these

4) Generally, the minimum rate below which the banks do not lend is known as

1. floor rate
2. repo rate
3. highest rate
4. base rate
5. All of the above

5) Which of the following banks has acquired the "Centurion Bank of Punjab" ?

1. ICICI Bank
2. IDBI Bank
3. HDFC Bank
4. AXIS Bank
5. None of these

6) Which Bank became the State Bank of India in 1955 ?

1. General Bank of India
2. Bank of Hindustan
3. Imperial Bank of India
4. Federal Bank of India
5. None of these

7) SBI Act was passed in Parliament in

1. 1935
2. 1949
3. 1955
4. 1969
5. 1980

8) Which of the following is popular "Saving Bank" among the poor children ?

1. Core banking
2. Credit banking
3. Debit banking
4. Merchant banking
5. Piggy banking

9) Traveller's cheques are valid for

1. Three months
2. Six months
3. One year
4. No limit are valid till encashed
5. None of these

10) When was Ombuds Men Scheme first introduced ?

1. November 2006
2. October 1981
3. June 1995
4. January 1998
5. None of these