Banking Awareness Questions and Answers
If a customer does not get satisfactory responses from the bank regarding his complaint he can approach the banking ombudsman with in how much time?
(A) 15 days
(B) 10 days
(C) 1 month
(D) 2moths.
Correct Answer : C
Explanation :
File a complaint with your bank and not the banking ombudsman (BO) offices. Step 2: If you don't receive a response within 30 days or it is not satisfactory, approach the ombudsman. Escalate complaint within a year of receiving reply or a year and month of making representation.
A saving bank account becomes dormant or inoperative if there is no operation in the account for the last:-
(A) 1 year
(B) 8 moths
(C) 6 months
(D) 2 years.
Correct Answer : C
Explanation :
Yes, because RBI has stipulated that a savings / current account will be classified as dormant / inoperative if there are no transactions in the account for over a period of two years.
In case of joint accounts who can stop the payment?
(A) by two account holders together
(B) any one of the account holders singly.
(C) all the account holders with permission of the bank.
(D) no one can stop the payment
Correct Answer : B
The government wants to provide public sector banks "right to the passage". What is the right to the passage?
(A) the banks can raise equity capital through rights issue.
(B) the banks can seize the hypothecated goods.
(C) the banks can raise tier 1 capital
(D) the banks can issue various bonds
Correct Answer : A
Explanation :
If the RE does not respond within a period of 30 days after lodgment of the complaint or rejects the complaint wholly/partly or if the complainant is not satisfied with the response/resolution given by the RE, the complainant can lodge his complaint under the RB-IOS, 2021.
Which body regulates microfinance?
(A) RBI
(B) IBA
(C) NABARD
(D) NABARD
Correct Answer : C
The tax on import and export is known as :-
(A) income tax
(B) trade tax
(C) custom duty
(D) commercial tax
Correct Answer : C
The total number of stock exchanges in India is:-
(A) 21
(B) 22
(C) 23
(D) 24
Correct Answer : C
Explanation :
There are 23 stock exchanges in India. Among them, two are national-level stock exchanges namely Bombay Stock exchange (BSE) and National Stock Exchange (NSE). The rest 21 are Regional Stock Exchanges (RSEs).
Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:-
(A) bearer
(B) cross Cheque
(C) order
(D) all of the above
Correct Answer : B
Explanation :
A cross cheque is a cheque which has to be directly deposited in the bank account of the person so mentioned. It cannot be made payable over the counter.
Where is India's first operational SEZ located?
(A) Ahmedabad
(B) Surat
(C) Jaipur
(D) Indore
Correct Answer : D
What is the maximum population limit for a commercial bank branch to be declared as a rural branch?
(A) 1 lac
(B) 2 lac
(C) 4 lac
(D) 5 lac
Correct Answer : A
Explanation :
A commercial bank is a kind of financial institution that carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, and other such activities. These banks are profit-making institutions and do business only to make a profit.
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Gajanand
B-Tech Electronic and Communication Engineering select the SSC CGL Tier-1 and Tier-2 in 2016 and Rajasthan state Govt. Exams Expert in Mathematics , Reasoning Gk and English.
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