Banking awareness - 3 | SBI PO | IBPS PO

BANKING AWARENESS QUIZ

1.On recommendation of which committee was NABARD established.

a) Shivraman

b)Rangarajan

c) Malegam

d) Vijay Kelkar

2."Swabhiman", the financial inclusion scheme, comes under the purview of which ministry?

a) Ministry of Commerce

b) Home affairs

c) Ministry of Finance

d) Ministry of External affairs

3.RBI was established on

a) April 1, 1925

b) April 1, 1935

c) April 1, 1945

d) April 1, 1955

4.The one-rupee note bears the signature of

a) RBI Governor

b) Deputy Governor

c) Finance Secretary

d) Finance Minister

5.Which among the following does the RBI not decide?

a) CAR

b) CRR

c) Base Rate

d) Bank Rate

6.What does T in RTGS stand for?

a) Transaction

b) Transfer

c) Tax

d) Time

7.In Banking IFSC code stands for --------------

a) International Format System Code

b) Indian Function System Code

c) International Forex System Code

d) Indian Financial System Code

8.If a customer does not get a satisfactory response to his grievance from his bank within ------- days, then he can approach the Banking Ombudsman

a) 60

b) 90

c) 30

d) 15

9.Which of the following organizations is the Mutual Fund Market Regulator?

a) AMFI

b) SEBI

c) CIBIL

d) CRISIL

10.Which of the following is incorrect regarding RTGS system?

a) The transaction takes place in Real time

b) The system operates on DNS(Deferred Net Settlement)

c) The minimum amount that can be remitted is Rs 2 lakhs

d) Service charges for RTGS transactions vary from one bank to another.

Answers

1.(a)
2.(c)
3.(b)
4.(c)
5.(c)
6.(d)
7.(d)
8.(c)
9.(b)
10.(b)