Banking Awareness Set 76 (Acts related to Banking)

Banking Awareness Questions on Acts related to Banking Sector

This set contains important questions of Acts that are related to banking sector. Important questions for upcoming banks and insurance exams SBI PO, Dena bank, IBPS PO, IBPS Clerk, RRB PO and Clerk. Banking Acts Banking Awareness SBI IBPS

  1. The composition of central board of Reserve Bank of India is defined under Section ___ of RBI Act, 1934
    A) 6
    B) 5
    C) 7
    D) 8
    View Answer
    Option D
    Explanation
    : Section 8
  2. The business that RBI can carry out is defined under which section of RBI Act, 1934?
    A) 14
    B) 15
    C) 16
    D) 17
    View Answer
    Option D
    Explanation
    : Section 17
  3. RBI has the right to transact Central Government business in India as per which section of RBI Act, 1934?
    A) 20
    B) 21
    C) 22
    D) 23
    View Answer
    Option B
    Explanation
    : 20. Obligation of the Bank to transact Government business.
    21. Bank to have the right to transact Government business in India.
    21A. Bank to transact Government business of States on agreement.
  4. RBI has the right to issue bank note under which section of RBI Act, 1934?
    A) 21
    B) 22
    C) 23
    D) 24
    View Answer
    Option B
    Explanation
    : 22. Right to issue bank notes.
    24. Denominations of notes.
  5. RBI can withdraw the legal tender of any bank note under which section of RBI Act, 1934?
    A) Section 26 (1)
    B) Section 26 (2)
    C) Section 24 (1)
    D) Section 24 (2)
    View Answer
    Option B
    Explanation
    : 26(1)- defines the legal tender
    26(2)- talks about withdrawal of legal tender
  6. Cash Reserve Ratio is defined under which section of RBI Act, 1934?
    A) 40
    B) 41
    C) 42
    D) 43
    View Answer
    Option C
    Explanation
    : Section 42
  7. Repo and Reverse Repo are defined under which section of RBI Act, 1934?
    A) 43
    B) 44
    C) 45
    D) 46
    View Answer
    Option C
    Explanation
    : Section 45(U)- repo, reverse repo, derivative, money market instruments and securities are defined
  8. Small Finance Banks are licensed under which act?
    A) Companies Act, 2013
    B) Banking Regulation Act, 1949
    C) Reserve Bank of India Act, 1934
    D) Foreign Exchange Management Act, 1999
    View Answer
    Option B
    Explanation
    : licensed under Section 22 of the Banking Regulation Act, 1949 
  9. Holidays in banks are declared as per which act?
    A) Companies Act, 2013
    B) Banking Regulation Act, 1949
    C) Reserve Bank of India Act, 1934
    D) Negotiable Instruments (NI) Act, 1881
    View Answer
    Option D
    Explanation
    : Negotiable Instruments (NI) Act, 1881
  10. General Lien of a banker is defined under section ___ of Contract Act, 1872
    A) 152
    B) 160
    C) 171
    D) 176
    View Answer
    Option C

 

 

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78 Thoughts to “Banking Awareness Set 76 (Acts related to Banking)”

  1. Riyaelite

    Thank you sir 🙂

  2. Sachin Shukla

    ty)))))))good qsn

  3. Sachin Shukla

    prrsn ho gai bhai…4june k liye

    1. Sachin Shukla

      abhi kya bacha h…?

      1. Sachin Shukla

        hhahaha..waii mai bhi kr raha kl se hi essay letter kaun-2 sa prepare kiye name?

        1. Sachin Shukla

          aur letter???

          1. Sachin Shukla

            qq bhai

          2. Sachin Shukla

            kisme bhai..

          3. Sachin Shukla

            kyaa bat h bhai kabhi bataya bhi nahi…))

          4. Sachin Shukla

            dekho Kya hota h anna chahta usi me mai bhi AS a PO rest God knows….what happen…i have worked very hard to achieve this GOAL aage pata nai kya hoga…???………

          5. Sachin Shukla

            NPA ka essay h 250-260words me to send karo bhai mer pas h but 360+ ka h nai sahi
            h… sshukla09628@gmail.com

          6. Sachin Shukla

            frr jadaa nahi h 15-17min me kaise likh milega itnaa

      2. PHENOMENAL

        maths rsng me kya kiya h apne usi me tnsn h hme to st me to nhi bnta kch di puzzl pm ki

        1. Sachin Shukla

          hmmm dear

        2. Sachin Shukla

          rsng me to prblm nai but a bit DI me but kai sre video dekha hu new type DI ka to ab kuchh chain ki saas le raha bss ab descriptive sahi ho jaye bss

          1. PHENOMENAL

            OK video link bta skte ho ap meri bhi prblm little bit solve ho jayegi

          2. Sachin Shukla

            haa jarur qq nahi bata sakta 25videos h hr type k DI ka us site pe bahot achha smjhata h…

          3. PHENOMENAL

            Ohk then plzz give link

          4. Naina

            Di ke kiske videos? pls mujhe bhi channel ka name batado. I’ll watch them for upcoming exams.

          5. Sachin Shukla

            link diya hu u can see @Naina

          6. Naina

            study smart ke ache hai sare di ke questions?

          7. Sachin Shukla

            yessss… i like this very much

          8. Naina

            hi.. how was ur sbi mains exam?

          9. Sachin Shukla

            not good only 87 attempted life ka first tough exam dekha

          10. Naina

            bob ka result kya raha?

          11. Sachin Shukla

            nahii diya tha? u ka?

          12. Sachin Shukla

            haaa dear koi bat nahii…next kya h usko dekho

          13. Naina

            aap daily online test de rahe ho kya? kaise padh rahe ho aap.

          14. Sachin Shukla

            haaa daily test and daily quiz koii padhai book se nahi sari padhai laptop se ….english k liye daily newspaper padho ab english total passage based and understanding pe ho gaya h no need to read grammar ….daily kmse km 2-3hrs paper pe do

          15. Sachin Shukla

            tin char achhi site h usi ki quiz daily deta hu…

          16. Naina

            test series aur sites ka name batao.

          17. Sachin Shukla

            yrr tmhe pata to h sites AC, AZ, IBPSguide mai yahi tin dekhta jadaa bss aur to bhtt h but isme quality qsn…aur test series tm purchase nahi ki ho koi

          18. Naina

            BA se nahi karte quiz? ibps guide ka level kaisa hai.. meib toh pehle dekhi thi ye site bakwas lagi thi mujhe.

          19. Sachin Shukla

            thiik to h yaar level…BA ab mai bhi nai dekhta

          20. Naina

            test daily aajkal kiske de rahe ho?

          21. Sachin Shukla

            for ibps po pre…

          22. Naina

            ibps ki mains ki test series available hi nahi h. apne kiski test series purchase ki h?

          23. Sachin Shukla

            u can do after purchasing …testbook test series

          24. PHENOMENAL

            Thanks a lot dear

          25. Sachin Shukla

            u most wlcm dear

          26. PHENOMENAL

            Hehehe… Kitna hua kl?? Attempt

          27. Sachin Shukla

            87 &urs?

          28. PHENOMENAL

            80 only all tukka in maths 🙁

          29. Sachin Shukla

            hehehehehehe……

          30. PHENOMENAL

            80 only..

          31. PHENOMENAL

            Thanx a lot 🙂

    2. yo

      current is enough till today na ?

      1. Sachin Shukla

        itnnaa haal ka naii aata..paper bn chuka hoga ek hfta pehle

  4. AVI™ (Sinchen loveR)

    Nyc questions
    ab enko bi yaadh krna pdega act bi bank m job dege ya court m 😛

      1. AVI™ (Sinchen loveR)

        hehe
        kesi prep descriptive ki ??

        1. Ambika

          no prep :p
          only GA karti main to

          1. AVI™ (Sinchen loveR)

            ohhhh to rathh li gk puri 😛

          2. Ambika

            hehehe
            abhi bhi chal rhi hai :))

          3. AVI™ (Sinchen loveR)

            kha tk cover ho gyii

          4. Ambika

            revision chal rhi ..and may ke 3-4 days rehte abhi wo aj kar lungi

          5. PHENOMENAL

            Ap meri trh ho ma’am rsng maths eng k kya halchal h hm to pm dete h 4 hi diye bs isse Jada dene ka mn nhi hua itna high level

          6. Ambika

            :)) haan pm to kafi tough hi ob bhi deti main kbhi kbhi

          7. AVI™ (Sinchen loveR)

            offline pdhte ho hardcopy se ya pdf ko laptop se ya video dhekh kr ?

          8. Ambika

            hehehe..pdf se bhi printout leke ….online bhi par videos nhi dekhti

          9. AVI™ (Sinchen loveR)

            gk ka to pta nhi ky hoga
            ky denge ye gk m soch -2 kr he tension ho rhi h 🙁

          10. Dil bole po

            Prpring for sbi
            Ksi h prprtion

          11. Ambika

            yepp sbi
            prep going good :))…u too have mains ???

          12. Dil bole po

            Yes tell me what to do in maths

    1. Ravi Upadhyay

      heheheehe bhai kam bd me loaning ka h bs

  5. Sachin Shukla

    ty dear

  6. Dil bole po

    Can i get a pdf of all these questions together

  7. SRIVASTAVA SBI IN NABARD P

    ty az

  8. P@yal

    pls xplain ques no. 10…general lien means?

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