banking gk Practice Question and Answer

Q:

On which rate base, overnight money is needed by bank from RBI?

2565 0

  • 1
    MSF
    Correct
    Wrong
  • 2
    Repo rate
    Correct
    Wrong
  • 3
    Reverse repo
    Correct
    Wrong
  • 4
    Bank rate
    Correct
    Wrong
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Answer : 1. "MSF"

Q:

Which organisation/ministry is the nodal agency to provide licenses to e-commerce companies?

2524 0

  • 1
    Finance Ministry
    Correct
    Wrong
  • 2
    Corporate Ministry
    Correct
    Wrong
  • 3
    Reserve Bank of India(RBI)
    Correct
    Wrong
  • 4
    Department of Industrial Policy and Promotion (DIPP)
    Correct
    Wrong
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Answer : 4. "Department of Industrial Policy and Promotion (DIPP)"

Q:

Which bank has launched the first contactless debit, credit and multi-currency forex card?

2501 0

  • 1
    Axis Bank
    Correct
    Wrong
  • 2
    ICICI Bank
    Correct
    Wrong
  • 3
    HDFC Bank
    Correct
    Wrong
  • 4
    SBI
    Correct
    Wrong
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Answer : 1. "Axis Bank"

Q:

When was ICICI bank founded? 

2381 0

  • 1
    1991
    Correct
    Wrong
  • 2
    1992
    Correct
    Wrong
  • 3
    1993
    Correct
    Wrong
  • 4
    1994
    Correct
    Wrong
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Answer : 4. "1994"

Q:

What is the full form of EFT?

2256 0

  • 1
    Electronic Funds Transfer
    Correct
    Wrong
  • 2
    Efficient Funds Transfer
    Correct
    Wrong
  • 3
    Effective Funds Transfer
    Correct
    Wrong
  • 4
    Electronic Foreign Transfer
    Correct
    Wrong
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Answer : 1. "Electronic Funds Transfer"

Q:

Which of the following is true about merchant bank? 

2133 0

  • 1
    Underwrites securities for corporations
    Correct
    Wrong
  • 2
    Advice clients on mergers
    Correct
    Wrong
  • 3
    Involved in ownership of commercial ventures
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
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Answer : 4. "All of the above"

Q:

Who regulates the Mutual Funds in India?

2116 0

  • 1
    FRBI
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    SIDBI
    Correct
    Wrong
  • 4
    RBI
    Correct
    Wrong
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Answer : 2. "SEBI"

Q:

Name the micro finance company that becomes the first to start operation as a commercial bank?

2089 0

  • 1
    PayTm Bank
    Correct
    Wrong
  • 2
    Vodafone m-Pesa Bank
    Correct
    Wrong
  • 3
    Yes Bank
    Correct
    Wrong
  • 4
    Bandhan Bank
    Correct
    Wrong
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Answer : 4. "Bandhan Bank"

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