Banking Financial Awareness Quiz Questions Answers for Bank 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.

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 public sector banks has the largest number of branches in foreign countries?

Bank of India

Bank of Baroda

Punjab National Bank

Corporation Bank

None of these

Which of the following agencies/ organizations has proposed to impose Global Taxes on all the banks?

IMF

WTO

World Bank

Federal Reserves of U.S.A.

None of these

In opinion of the RBI, which one of the following is/are a threat to the smooth functioning of Indian Companies?

Rising input costs.
High interest rates.
Inflation only.

Only 1

Only 2

Only 1 and 2

Only 3

All 1, 2 and 3

The currency convertibility concept in its original form originated in

Wells Agreement

Bretton Woods Agreement

Taylors Agreement

Both Wells and Bretton Woods Agreement

None of these

One of the sources of income of banks is to charge fee for certain services. What are some of the services provided by the banks for which they charge fee?

Issuing Demand Drafts/Pay Orders
Issue of ATM/Credit/Debit Cards
Electronic Transfer of Money

Only 1

Only 2

Only 3

All 1, 2 and 3

None of these

Which among the following is a Bank rate?

the rate at which a commercial Bank lends to its customers

the rate at which a commercial Bank lends to its best customers

the rate at which a central Bank lends to commercial Banks

the rate at which a Commercial Bank lends to Central bank

the rate at which a commercial Bank accepts deposits from its customers

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Banking Awareness Quiz

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