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Banking Awareness Exam - Past Questions
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Avg score: 26% Most missed: “When more than one bank is allowing credit facilities toone party in coordinatio…”
Banking Awareness Exam - Past Questions
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25 Questions

1. Prof. Muhammad Yunus - the receipient of the NobelPeace Prize 2006 is the exponent of which of thefollowing concepts in the field of banking?
2. In the Union Budget 2014-15 - the govt. announcedsetting up of a commission to bring in reforms related tospending for achieving maximum output. What is thename given to this commission?
3. What is Call Money?
4. Which of the following statements is correct aboutsoiled/mutilated note?
5. An anna was equal to
6. Lot of banks in India these days - are offering M-Bankingfacility to their customers. What is the full form of M inM-Banking?
7. Special drawing right is an international practice ofdrawing funds. Which of the following institutionscontrol this special finding facility?
8. As per the reports in the leading newspapers. Securitiesand Exchange Board of India (SEBI) has asked themutual fund industry to stop -˜Misselling-™ their schemesto investors. What is -˜Misselling-™ of products?I. Misselling takes place when mutual funds are soldwithout telling the likely returns.II. When agents sell the products without tellinginvestors what are the risks involved in investing inmutual funds.III. When agents invest somebody-™s money in mutualfunds without their knowledge - it is called misselling.Select the correct answer using the codes given below:
9. Which of the following Rates/Ratio is not covered underthe Monetary and Credit policy of the RBI?
10. Banks borrow money from the RBI on which of thefollowing rates?
11. Which of the following is the drawee bank in respect of acheque?
12. Which of the following steps is taken for financialinclusion in India?
13. As per the decision taken by the Government of India - now the National Rural Employment Guarantee Act isextended to all the districts of India. This means it willnow be applicable to about.
14. Which of the following banks has acquired the-˜Centurion Bank of Punjab-™?
15. The central co-operative banks are in direct touch with
16. Which of the following is not an organised sector inIndia?
17. Which of the following statements is true aboutInternational Monetary Fund (IMF)?
18. Which one of the following statements is true regardingIMF?
19. The legal relationship between a bank and its customeris a kind ofI. debtor and creditor.II. principal and agent.III. pledgor and pledgee. IV. mortgagor and mortgage.Select the correct answer using the codes given below:
20. Base rate is the rate below which no bank can allowtheir lending to anyone. Who sets-up this -˜Base rate-™ forbanks?
21. BEF is the statement which banks submit to RBI relatingto:
22. How many banks are presently nationalised banks inIndia?
23. Which of the following policies of the financial sectors isbasically designed to transfer local financial assets intoforeign financial assets - freely and at market determinedexchange rates? Policy of
24. RBI has released its guidelines for entry of new banks inthe private sectorin the month of February 2013. One of the norms is at least a prescribed percentage ofbranches of new bank should be set in unbanked ruralcentres with a population of upto 9 - 999 people. What isthe percentage of such branches prescribed in thenorms?
25. Which of the following is a primary function of banks?

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