Banking Questions and Answers updated daily – General Knowledge



158 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. The UTI was established in



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Correct Ans:1964
Explanation:


2. Which is the principal financial institution for promotion, financing and development of small scale industries in the country?



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Correct Ans:SlDBl
Explanation:


3. Which of the following statement is not true?



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Correct Ans:It was taken over by the Finance Ministry in 1984
Explanation:


4. LIC was established on



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Correct Ans:1 Sept., 1956
Explanation:


5. Insurance Regulatory and Development Authority (iRDA) was established in



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Correct Ans:1999
Explanation:


6. Which of the following was/were the recommendation/s of the Narasimham Committee on banking sector reforms?



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Correct Ans:All the above
Explanation:


7. The premier export finance institution of the country is



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Correct Ans:EXIM Bank
Explanation:


8. The National Housing Bank (NHB) was established in



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Correct Ans:1988
Explanation:


9. Which of the following is not correctly matched?



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Correct Ans:SIDBl - 1988
Explanation:


10. The working and operations of NBFCs are regulated by



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Correct Ans:RBI
Explanation:


11. Which of the following is not correct about Non-Banking Financial Companies (NBFCs)?



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Correct Ans:NBFC can issue cheques drawn on itself
Explanation:


12. Which of the following is/are functions of the RBI ?
(i) Acts as the currency authority
(ii) Controls money supply and credit
(iii) Manages foreign exchange
(iv) Serves as a banker to the government



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Correct Ans:(i), (ii), (iii) and (iv)
Explanation:


13. RBI was established on



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Correct Ans:1-Apr-35
Explanation:


14. Which of the following is the central bank of the country?



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Correct Ans:RBI
Explanation:


15. Which of the following is/are known as Banker's Bank?



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Correct Ans:RBI
Explanation:


16. Regional Rural Banks (RRBs) were established on



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Correct Ans:Oct. 2, 1975
Explanation:


17. The paid-up capital of non-scheduled banks is less than



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Correct Ans:? 5 Iakh
Explanation:


18. Nationalization of State Bank of India took place in



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Correct Ans:1955
Explanation:


19. The Govt. of India promulgated Banking Companies (Acquisition and Transfer of Undertakings) ordinance to acquire 14 commercial banks on



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Correct Ans:19 July, 1969
Explanation:


20. Consider the following statements.
(i) Self-Help Groups are set up to basically borrow from banks without making any savings contribution.
(ii) A Nostro account is an account which an export maintains with a bank abroad.
Which among the statements given above is/are correct?



SHOW ANSWER
Correct Ans:Neither (i) r (ii)
Explanation:



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