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.

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

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

Suppose Bank Rate at present is fixed at r%. What does it mean in context to the banking operations?

No bank will be able to give loan to any parton a rate lower than the Bank Rate.

Bank should give loan to their priority secotr customers/ borrowers at the rate of r% only. They cannot charge less or more than this from their priority sector clients.

Banks are required to invest r% of their total capital on financial inclusion and inclusive banking operations.

Banks will be required to give r% of their total deposits to the Govt. of India for meeting its Balance of Trade requirements.

None of the above

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 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

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

The RBI has asked banks to spell out their policy, procedures arid size of the business on which of the following aspects of banking?

On-shore banking

Off-shore banking

Investments in secondary market

Wealth management

None of the above

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