Banking Awareness Questions Set 89

Banking Awareness Questions for upcoming banks and insurance exams – SBI PO, IBPS PO/Clerk, RRB PO/Clerk, RBI, IPPB, LIC, NICL, UIIC.

1. Who among the following is the promoter of North East Small Finance Bank?
   A) Rashtriya Kshetra Dharmasthala Rural Development Project– North East
   B) Swadhaar FinServe Pvt Ltd– North East
   C) Grameen Financial Services Pvt Ltd– North East
   D) Rashtriya Gramin Vikas Nidhi Microfinance Limited– North East
   
   View Answer

   Option D
   Explanation:
   North East Small Finance Bank started its operations in October 2017, with Rashtriya Gramin Vikas Nidhi Microfinance Limited– North East (RGVNML – NE) as promoter
2. Airtel Payments Bank is a joint venture between Bharti Airtel Ltd and which among the following banks?
   A) Yes Bank
   B) Kotak Mahindra Bank
   C) State Bank of India
   D) Punjab National Bank
   
   View Answer

   Option B
   Explanation:
   Airtel Payments Bank (APB) is a joint venture between Bharti Airtel Ltd and Kotak Mahindra Bank Ltd. Joint venture ratio is 80 : 20 respectively.
3. Jio Payments Bank Ltd is a joint venture between Reliance Industries Ltd and which among the following banks?
   A) Yes Bank
   B) Bank of India
   C) State Bank of India
   D) ICICI Bank
   
   View Answer

   Option C
   
4. Pan Card is issued under which section of the Income Tax Act?
   A) 118B
   B) 126C
   C) 143G
   D) 139A
   
   View Answer

   Option D
   Explanation:
   Failure to comply with the provisions of Section 139A of Income Tax Act, penalty of ₹10,000/- for each default is payable u/s.272B to the Assessing Officer.
5. Under which sections of the IPC is printing and circulation of fake notes prohibited?
   A) Section 489 A-E
   B) Section 345 A-E
   C) Section 438 A-E
   D) Section 327 A-E
   
   View Answer

   Option A
   
6. Which section of RBI Act 1934 gives the Reserve bank of India the sole right to issue Bank notes of all denominations?
   A) Section 18
   B) Section 34
   C) Section 28
   D) Section 22
   
   View Answer

   Option D
   
7. Which section of the Banking regulation Act refers to the Banking Ombudsman?
   A) Section 35 A 
   B) Section 58 D
   C) Section 28 B
   D) Section 47 H
   
   View Answer

   Option A
   
8. In applicable cases, linkage of Aadhaar number to bank account is mandatory under which of the following?
   A) Prevention of Money-laundering (Maintenance of Records) First Amendment Rules, 2017
   B) Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017
   C) Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2017
   D) Prevention of Money-laundering (Maintenance of Records) Fourth Amendment Rules, 2017
   
   View Answer

   Option B
   Explanation:
   The Reserve Bank had clarified that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 published in the Official Gazette on June 1, 2017
9. Money market instruments and Securities are defined under which section of RBI Act, 1934?
   A) Section 45 U
   B) Section 36 B
   C) Section 53 G
   D) Section 28 K
   
   View Answer

   Option A
   
10. Appeal against NCLAT (National Company Law Appellate Tribunal) under which section of the Companies Act, 2013?
    A) Section 370
    B) Section 410
    C) Section 480
    D) Section 350
    
    View Answer

    Option B
    

Click here for topic wise Banking Awareness Questions