This set contains banking awareness questions for various upcoming exams like SBI PO, IBPS PO, Clerk and insurance exams.
- The apex institution in Banking System in India is?
A) RBI
B) SEBI
C) NABARD
D) IRDA
- The new lending rate MCLR introduced has come into effect from ?
A) 1 June 2016
B) 1 May 2016
C) 1 April 2016
D) 1 January 2016
- The various disclosures in balance sheet of banks aims at ___ ?
A) Supervision
B) Inspection
C) Monitoring
D) Transparency
- Regional Rural Banks are managed by ____.
A) Sponsor Bank
B) NABARD
C) RBI
D) Board of Directors
- The word customer is defined in which of the following act?
A) RBI Act 1934
B) The Banking Regulation Act, 1949
C) Prevention of Money Laundering Act, 2002
D) None of these
- Which of the following customer does not fall under low risk category under KYC guidelines?
A) Salaried employee
B) Persons from lower strata of the society
C) Government Department
D) Trusts
- An account will be classified as dormant if there are no transactions in the account for a period of ____ months.
A) 12 months
B) 60 months
C) 24 months
D) 36 months
- A money in bank account is treated as Unclaimed money deposit after ___ years?
A) 2 years
B) 5 years
C) 10 years
D) No such limit
- What does P stands for in CNP?
A) Protect
B) Present
C) Part
D) Portable
- What is the paid up capital of Payment bank?
A) Rs 100 Crores
B) Rs 500 Crores
C) Rs 800 Crores
D) Rs 250 Crores