Banking Financial Awareness for IBPS and State Bank of India Exams

Banking Awareness

This is an online quiz to test your knowledge of Banking Awareness.
This Online Test is useful for academic and competitive exams.
Multiple answer choices are given for each question in this test. You have to choose the best option.
After completing the test, you can see your result.
There are 10 questions in the test.
There is no negative marking for wrong answers.
There is no specified time to complete this test.
EduDose has provided this test in both English and Hindi medium.

Which among the following statement is incorrect regarding the Regional Rural Banks?

They have been established as per the provisions of Regional Rural Banks Act 1976

Every Regional Rural Bank is sponsored by commercial banks

The commercial banks need to approach to the state governments to establish Regional Rural Banks

The Regional Rural Banks may open branches in notified area

All statements are correct

Some Stock Exchanges in India are allowed to introduce Plain Vanilla Currency Options. The term Plain Vanilla Currency Options is associated with which of the following activities/operations?

Dollar-Rupee Exchange Rate

Floating of Commercial Papers

Launch of new Mutual Funds

Deciding the opening price of a share on a particular business day

None of the above

The working group set up by the RBI has suggested the launch of an Emergency Fund Facility Scheme for banks. This scheme will help which of the following types of banks?

Public Sector Banks

Small Banks

Urban Cooperative Banks

Private Banks

Foreign Banks

Which among the following was first Commercial Bank of India?

Hindustan Bank

The bank of Bengal

Imperial Bank of India

Punjab National Bank

Allahabad Bank

Which of the following services is NOT provided by the post offices in India?

Savings Bank Scheme

Retailing of Mutual Funds

Sale of stamps

Issuance of Demand Drafts

Life Insurance cover

Many private companies are trying to obtain the licences to launch a banking company in India. Which of the following organizations/agencies issue the licence for the same?

Securities and Exchange Board of India (SEBI)

Indian Institute of Banking and Finance (IIBF)

Indian Bank Association

Registrar of Companies

None of the above

Which of the following is not a part of the scheduled banking structure in India?

Money lenders

Public sector banks

Private sector banks

Regional rural banks

State cooperative banks

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