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.

The co-operative credit societies have a

two-tier structure

three-tier structure

four-tier structure

five-tier structure

None of these

The central banking functions in India are performed by the

Central Bank of India
Reserve Bank of India
State Bank of India
Punjab National Bank

1, 2 and 3

2

1

2 and 4

None of these

Which of the India's public sector bank has acquired two third stake in JSC Dena Bank Kazakhstan?

Punjab National Bank

Bank of Baroda

State Bank of India

Central Bank of India

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

Which of the following rates/ratios is not covered under the RBI monetary and credit policy?

Bank rate

Exchange rate of foreign currencies

Repo rate

Reverse repo rate

Cash reserve ratio

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

As we see every day, many Indian banks are in close competition to open their branches / offices in various countries. What benefit will the Indian economy have if banks open branches in a foreign country?

It will bring substantial economic benefits to India and also to the countries where branches will be opened.
It will help in smooth inflow of FDI, long term capital inflow and also technical know-how to India.
It will give better opportunities to Indians to visit foreign nations and get better facilities like education, medical treatment, etc.

Only 1

Only 2

Only 3

Only 1 and 2

All 1, 2 and 3

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

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