Banking Questions and Answers updated daily – General Knowledge


Banking Questions and Answers updated daily – General Knowledge



196 Banking Questions and answers section with explanation for various online exam preparation, various interviews, General Knowledge Banking online test. Banking Questions with detailed description, explanation will help you to master the topic.

Banking Questions

1. Which of the following guidelines were issued by Reserve Bank of India in January 1993 for the entry of private sector banks in the wake of Narasimham Committee recommendations ?



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Correct Ans:All of the above
Explanation:


2. Section 6(1) of the Banking Regulation Act, 1949 permits a banking company to engage in the business of



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Correct Ans:All of the above
Explanation:


3. An industrial bank accepts from the public



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Correct Ans:long-term deposits
Explanation:


4. Which of the following falls in the category of, All-India Development Banks' ?



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Correct Ans:The Industrial Finance Corporation of India
Explanation:


5. "Development Banks" are



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Correct Ans:financial institutions which provide long- term finance to industries
Explanation:


6. In terms of section 6(1)(o) of the Banking Regulation Act, as notified by the Government of India from time to time, commercial banks are permitted to undertake the business of



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Correct Ans:All of the above
Explanation:


7. Section 5 (b) of the Banking Regulation Act, 1949 defines the word 'banking' as



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Correct Ans:the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise and withdrawable by cheque, drafts, order or otherwise
Explanation:


8. In terms of section 5 (1)(e) of the Banking Regulation Act,1949, a 'banking company' means any company which



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Correct Ans:transects the business of banking in India
Explanation:


9. The Unit Banking System is prevalent in



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Correct Ans:United States of America
Explanation:


10. The apex body for formulating plans and coordinating research work in agriculture and allied fields is



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Correct Ans:Indian Council of Agricultural Research
Explanation:


11. Which bank launched India's first internationally-listed certified green bond to finance climate change solutions around the world at London Stock Exchange on 6 June 2016? 



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Correct Ans:Corporation Bank
Explanation:


12. A foreign bank is one



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Correct Ans:which is incorporated outside India
Explanation:


13. Land Development Banks in India specialise in



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Correct Ans:long-term lending
Explanation:


14. Which of the following activities to be undertaken by a bank require its registration under the Securities & Exchange Board of India (Bankers to Issues) Rules & Regulations, 1994?



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Correct Ans:All of the above
Explanation:


15. Which of the following are the scheduled banks



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Correct Ans:None of these
Explanation:


16. Which of the following conditions must be fulfilled before a bank is included in the Second Schedule to the Reserve Bank of India Act?



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Correct Ans:All of the above
Explanation:


17. “Scheduled bank”means a bank



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Correct Ans:included in the Second Schedule to the Reserve Bank of India Act, 1934
Explanation:


18. Central Monetary Authority of the country is



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Correct Ans:Reserve Bank of India
Explanation:


19. Which of the following is known as the central bank of the country



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Correct Ans:Reserve Bank of India
Explanation:


20. The money market in India consists of two sectors, namely, the organized sector and the unorganized sector. Which of the following do not fall under organized sector?



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Correct Ans:Indigenous bankers
Explanation:



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