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Banking Awareness Exam - Past Questions
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Banking Awareness Exam - Past Questions
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25 Questions

1. Consider the following statements:1. Scheduled Commercial Banks are those which havebeen included in the First Scheduled of RBI Act - 1934.2. Non-scheduled Commercial Banks are those whichhave been included in the Second Scheduled of RBI act - 1934. Which of the statements given above is/are correct?
2. Mangalam village became the first village in India whereall households were provided banking facilities.Mangalam village is situated in which of the followingUnion Territories?
3. What was the objective of starting cooperative bankingin India?
4. Who will act as the banker to the Government of India?
5. Which of the following terms is NOT used in the Bankingworld?
6. The rate of interest banks charge its main/ major andprime customers is popularly called as
7. Banks need liquidity to meet which of the followingobjectives of banking?(1) To meet deposit withdrawal(2) To fund loan demands(3) To maintain public confidence
8. As per the new guidelines issued by SEBI - companies arerequired to list shares within how many days of theclosure of the Initial Public Offers (IPOs)?
9. Which one of the following methods is currently used inIndia to issue note?
10. Which of the following is not included in the estimatesof National Income?
11. As per the notification issued by the banks - the "thirdparty ATM usage- will now be restricted to certainwithdrawals and limits only. What does it really mean?(1) The ATM cardholders will not be able to withdrawfrom other banks-™ ATMs under any circumstances.(2) Customers of one bank may be able to withdraw onlya limited amount from other banks-™ ATMs.(3) ATM card holders will have to pay a fee if theywithdraw money from other banks-™ ATMs frequently.
12. As reported in some newspapers/ magazines - somebanks have decided to install Biometric ATMs so thatfraudulent withdrawals can be prevented. BiometricATMs will be able to do so as it also checks 1) signaturesof the card holders.(2) fingerprints of the card holders.(3) skin colour of the card holders.
13. Lot of banks in India these days - are offering M-Bankingfacility to their customers. What is the full form of M inM-Banking?
14. The Reserve Bank of India - released its June Mid-quarterMonetary Policy. Consider the following statements:1. RBI left its key policy - repo rate unchanged at7.25% in line.2. CRR (Cash Reserve Ratio) - remained at 4%.3. Repo is the rate at which banks borrow from thecentral bank. Select the correct answer using codes givenbelow: Codes:
15. The term -˜Gross National Happiness-™ was coined by
16. In which one of the following states - India-™s first IslamicBank is proposed to be set-up?
17. Which of the following banks has opened the country-™sfirst - -˜Cash Factory-™ in Lucknow which will issuecurrency notes to all its branches and ATM in that area?
18. Consider the following statements in regard to -˜marginalstanding facility (MSF)-™ of RBI:(1) It will help in reducing volatility in the overnightlending rates in the interbank market.(2) The borrowing under the MSF should be over andabove the statutory liquidity requirement.(3) It will not help in reducing lending rates. Which ofthe statements given above is/are correct?
19. Which among the following defines a non performingasset?
20. When more than one bank is allowing credit facilities toone party in coordination with each other under a formalarrangement - the arrangement is generally known as
21. In India -˜Report on Currency and Finance-™ is the annualpublication of
22. Under Bretton Woods System - as a member of IMF - Indiadeclared its par value of rupee in terms of
23. A Bank/Financial Organisation these days relies heavilyon e-commerce for its transaction. As a part of systemsecurity - it has introduced the organisation-™s securityawareness manual. This step of the organisation can beclassified under - which one of the following categories ofmeasures for a business?
24. The UTI was established in
25. National Bank for Agriculture and Rural Development(NABARD) recently reduced the refinance rates for thebanks and other lending agencies by0.20 percent. The NABARD was established on therecommendation of which committee?