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Banking Awareness Questions and Answers

2 years ago 7.1K Views

Some students are facing problems while preparing for Bank Exams that they are not able to prepare for the banking and financial awareness subject asked under the exam in a better way. Due to this candidates feel very troublesome. To notice the same, here I am providing the banking awareness questions and answers in this blog for your practice. 

Also, banking and financial awareness are subjects that are important for banking exams like IBPS PO, IBPS Clark, SBI Clerk, IBPS RBI Officer, IBPS RBI Office Assistant, IBPS SO, SBI SO besides other competitive examinations.

Questions for Banking Awareness



Q :  

Bank can issue a duplicate of a lost demand draft at the request of the:

(A) Payee

(B) holder

(C) Purchaser

(D) Either A or C

(E) None of these

Correct Answer : D

Q :  

Which one of the following has largest network, accounts and annual deposits:

(A) IDBI

(B) ICICI

(C) Post office saving bank

(D) IOB

(E) None of these

Correct Answer : C

Q :  

If a bank wants to introduce a new deposit scheme, the same is now approved by:

(A) RBI

(B) IBA

(C) respective Bank's Board

(D) Both A and B

(E) None of these

Correct Answer : C

Q :  

How much FDI is allowed in e-commerce companies in India?

(A) 100%

(B) 49%

(C) 51%

(D) 26%

(E) 34%

Correct Answer : A

Q :  

Unstructured Supplementary Service Data (USSD) Service is a

(A) Online banking service

(B) Digital India Service

(C) Credit Card Service

(D) Mobile Service

(E) None of these

Correct Answer : D

Q :  

SDR is calculated based on the basket of five international currencies. The five currencies include

(A) US Dollar, Euro, Yen, Pound and Yuan

(B) US Dollar, Euro, Yen, Pound and Dinar

(C) US Dollar, Euro, Rubble, Pound and Yuan

(D) US Dollar, Euro, Yen, Pound and Australian Dollar

(E) None of these

Correct Answer : A

Q :  

The International Development Association (IDA) is an arm

(A) IMF

(B) World Bank

(C) Organisation for Economic Co-operation and Development (OECD)

(D) Asian Development Bank

(E) None of these

Correct Answer : B

Q :  

Which of the following is the nodal agency of Unstructured Supplementary Service Data (USSD) Service?

(A) NPCI

(B) RBI

(C) SBI

(D) SEBI

(E) FBI

Correct Answer : A

Q :  

National Investment and Infrastructure Fund(NIIF) is established under the regulations of

(A) Department of Industrial Policy and Promotion (DIPP)

(B) SEBI

(C) World Bank

(D) IMF

Correct Answer : B

Q :  

Which of the following is the nodal agency to provide licenses to e-commerce companies(including foreign)? 

(A) Reserve Bank of India(RBI)

(B) Foreign Investment Promotion Board (FIPB)

(C) Department of Industrial Policy and Promotion (DIPP)

(D) SEBI

Correct Answer : C

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