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Banking Awareness Practice Set 7

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Banking Awareness Practice Set 7

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Banking Awareness is an important section in the employment-related competitive exams in India. In particular, exams like IBPS, SBI and other bank related employment exams have banking awareness questions along with general awareness section. The Banking Awareness section primarily has questions related to the History of Banking, Banking Terms, Banking Products, Functions of Banks, Banks and their Taglines, Schemes, Committees related to Banking, Headquarters of Banks, most recent Banking News, Apps launched by Banks, New Schemes, Monetary Policies etc.
Banking Awareness Practice Set 7 article provides the list of several bank related questions to prepare aspirants of different competitive exams in India, primarily for banking related employment. The article Banking Awareness Practice Set 7 is very useful for different exams such as IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS RRB, Railways, Civil Services etc.

shape Quiz

1. What is the current FDI limit in private sector banks without government approval?
    A. 34% B. 25% C. 49% D. 74%

Answer: Option C
2. When was National Investment and Infrastructure Fund created?
    A. 2011 B. 2015 C. 2012 D. 2014

Answer: Option B
3. Which of these is a Financial Inclusion scheme that was launched in 2014?
    A. Pradhan Mantri Sampada Yojna B. Bharat Nirman C. Pradhan Mantri Jan Dhan Yojana D. All of the above

Answer: Option C
4. Which of these is a Priority Sector for Lending as specified by the RBI?
    A. Agriculture B. Education C. Housing D. All of the above

Answer: Option D
5. Which was the first bank to introduce ATM in India?
    A. IDBI B. UTI C. ICICI D. HSBC

Answer: Option D
1. What is the current deposit limit of Payment banks?
    A. Rs 2 lakhs B. Rs 1 lakh C. Rs 50000 D. Rs 5 lakhs

Answer: Option B
2. In which year Reserve Bank of India introduced cheque truncation system?
    A. 2008 B. 2009 C. 2010 D. 2011

Answer: Option A
3. What is the minimum paid-up equity capital required for small finance banks?
    A. Rs 10 crore B. Rs 100 crore C. Rs 200 crore D. Rs 500 crore

Answer: Option B
4. Which was the first public bank to introduce credit cards?
    A. ICICI B. HDFC C. Central Bank of India D. SBI

Answer: Option C
5. When was the Banking Codes and Standards Board of India (BCSBI) formed?
    A. 2005 B. 2006 C. 2007 D. 2008

Answer: Option B
1. What is the type of banking where banks operate only from a single branch called as?
    A. Narrow banking B. Unit Banking C. Shadow Banking D. None of the above

Answer: Option B
2. What do we call the type of banking carried out by the non-bank financial intermediaries which provide services similar to those of traditional commercial banks?
    A. Social Banking B. Mixed Banking C. Shadow banking D. Narrow banking

Answer: Option C
3. What is Islamic Banking?
    A. Banking in which lending is prohibited B. Banking in Muslim countries C. Banking consistent with the principles of sharia D. None of the above

Answer: Option C
4. What is the banking, where all banking operations are online, known as?
    A. Virtual Banking B. Retail Banking C. Mixed Banking D. Social Banking

Answer: Option A
5. What do we call the banking oriented towards mass welfare and financial inclusion of the poor?
    A. Mass Banking B. Narrow banking C. Social banking D. None of the above

Answer: Option C

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