Banking Awareness GK Questions
Banking Awareness GK is a quiz or test designed to assess an individual's knowledge of banking concepts and practices. The quiz typically includes questions related to various banking topics, such as banking regulations, financial instruments, banking services, banking operations, and financial markets. It is a way to test the individual's understanding of banking terminology, the role of banks in the economy, and the various functions of banking institutions. This type of quiz is often taken by individuals who are interested in working in the banking sector or those who want to improve their knowledge of banking concepts. It is also beneficial for those who are preparing for competitive exams, such as banking entrance exams, which often include questions related to banking awareness.
Banking Awareness GK
Here, I am sharing Banking Awareness GK Questions related to regulations, financial instruments, banking services, banking operations, and financial markets, understanding of banking terminology, the role of banks in the economy, and the various functions of banking institutions for those learners who are preparing for upcoming Banking exams like SBI Clerk, SBI PO and other Banking Exams.
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Banking Awareness GK Questions
Q : Where is the headquarters of Punjab National Bank?
(A) Chennai
(B) Karur
(C) New Delhi
(D) Mangalore
(E) Manipal
Correct Answer : C
Explanation :
Punjab National Bank (abbreviated as PNB) is an Indian public sector bank based in New Delhi. The bank was founded in May 1894 and is the second largest public sector bank in India in terms of its business volumes and second largest in terms of its network. The bank has over 180 million customers, 12,248 branches, and 13,000+ ATMs
Where is the headquarters of Indian Bank?
(A) Kolkata
(B) Mumbai
(C) Pune
(D) Gurugram
(E) Chennai
Correct Answer : E
Explanation :
Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai.
Where is the headquarters of Dena Bank?
(A) Mumbai
(B) Vadodara
(C) Gurugram
(D) Pune
(E) None of these
Correct Answer : A
Explanation :
Location and Overview: Established in the year 2004, Dena Bank Now Bank Of Baroda (Corporate & Head Office) in Bandra Kurla Complex-bandra East, Mumbai is a top player in the category Nationalised Banks in the Mumbai.
Which of the following committee related to Finance to Small Scale Industry?
(A) Chesi Committee
(B) BD Thakar Committee
(C) Chatalier Committee
(D) Damle Committee
(E) None of these
Correct Answer : C
Explanation :
The Karve Committee is also known as the village and small-scale industries committee was set up in 1955.
Which of the following committee related to Financial Derivatives?
(A) J.V. Shetty Committee
(B) L.K. Jha Committee
(C) D.R. Gadgil Committee
(D) D.R. Mehta Committee
(E) None of these
Correct Answer : E
Explanation :
While RBI has multiple notifications/circulars/directions that are issued from time to time for regulating the derivatives markets and contracts entered into by banks/finance companies, there are also legal requirements for registration with the sub-registrar of assurances in case the collateral is an immovable ..
Which of the following committee related to Direct Taxes?
(A) Bhave Committee
(B) Dandekar Committee
(C) B Sivaraman Committee
(D) Chesi Committee
(E) None of these
Correct Answer : E
Explanation :
Tax Reform Committee is also known as Raj Chelliah Committee. It is formed in order to reform direct and indirect taxes prevailing in India.
The Amount you have to pay out of pocket for expenses before the insurance company will cover the remaining costs is called _______.
(A) Deductible
(B) Cancellation
(C) Collectable
(D) Renewable
(E) None of these
Correct Answer : A
Explanation :
The deductible is the amount of money you have to pay on your own every year for your covered medical expenses before your insurance company starts picking up the bills. The out-of-pocket limit is the maximum amount of your own money you will have to pay for all of your insured healthcare during the year.
__________ is a local government official who estimates the value of real property within a city, town, or village’s boundaries
(A) Estimator
(B) Processor
(C) Developer
(D) Assessor
(E) None of these
Correct Answer : D
Explanation :
The assessor is a local government official who estimates the value of real property within a city, town, or village's boundaries.
_________period is the provision in most loan and insurance contracts that allows payment to be received for a certain period of time after the actual due date.
(A) Policy
(B) Premium
(C) Notice
(D) Additional
(E) None of these
Correct Answer : E
Explanation :
A grace period allows a borrower or insurance customer to delay payment for a short period of time beyond the due date. During this period no late fees are charged, and the delay cannot result in default or cancellation of the loan or contract.
Which of the following bank became the first bank to list Payment Gateway on the new Tax platform?
(A) Axis Bank
(B) IDBI Bank
(C) HDFC Bank
(D) RBL Bank
(E) Federal Bank
Correct Answer : E
Explanation :
Federal Bank has become India's first bank to list its Payment Gateway platform on the income tax department's TIN 2.0 platform.
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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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