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.

Under provisions of which one of the following Acts, the RBI issues directives to the Banks in India?

RBI Act

Banking Regulation Act

Essential Commodities Act

RBI and Banking Regulation Act

None of the above

Agency Functions of the commercial Banks are __?

Primary Functions

Secondary Functions

Tertiary Functions

Social Function

None of the above

In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines

to govern entry of new private sector banks to make the banking sector more competitive

to reduce the freedom given to banks to rationalize their existing branch network

to setup more foreign exchange banks

to lend more easily for industrial development

None of these

Many banks have launched/floated their subsidiaries which are fully owned by them. Banks launch subsidiaries normally for which of the following businesses?

Home Loan Business
To sell Insurance Policies
To control Online Operations or Internet Banking business

Only 1

Only 2

Only 3

All 1, 2 and 3

None of these

RBI has asked banks to make a plan to provide banking services to all villages having a population upto 200. This directive issued by the RBI will fall in which of the following categories?

Plan for financial inclusion

Efforts to meet the targets of priority sector lending

Extension of relief packages to the farmers

Plan for opening more rural branches

None of the above

When the loan is granted by a bank for purchase of white goods it is called

Consumption loan

White goods loan

Consumer durable loan

All of these

None of these

If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits

will decrease

will increase

will neither increase nor decrease

will either increase or decrease

None of the above

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