banking gk Practice Question and Answer

Q:

A reverse mortgage is a special kind of home loan for

894 0

  • 1
    Government Employees without any security
    Correct
    Wrong
  • 2
    Senior Citizens
    Correct
    Wrong
  • 3
    Beneficiaries under Below Poverty Line Criteria
    Correct
    Wrong
  • 4
    All of the Above
    Correct
    Wrong
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Answer : 2. "Senior Citizens"

Q:

Which of the following include the primary structure of the Mutual Funds? 

1326 0

  • 1
    Open-end funds
    Correct
    Wrong
  • 2
    Unit Investment Trusts
    Correct
    Wrong
  • 3
    Exchange traded Funds
    Correct
    Wrong
  • 4
    All of the Above
    Correct
    Wrong
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Answer : 4. "All of the Above"

Q:

_________Bank has introduced the first Credit Card in India.

1121 0

  • 1
    Union Bank of India
    Correct
    Wrong
  • 2
    UTI Bank
    Correct
    Wrong
  • 3
    Axis Bank
    Correct
    Wrong
  • 4
    Central Bank of India
    Correct
    Wrong
  • 5
    Bank of India
    Correct
    Wrong
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Answer : 4. "Central Bank of India"

Q: Nagaland was created as a separate state in the year? 1858 0

  • 1
    1960
    Correct
    Wrong
  • 2
    1961
    Correct
    Wrong
  • 3
    1962
    Correct
    Wrong
  • 4
    1963
    Correct
    Wrong
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Answer : 4. "1963"

Q:

What are the Pre-Payment charges applied on paying personal loan before tenure period. 

914 0

  • 1
    10% of the Principal
    Correct
    Wrong
  • 2
    5% of the Principal
    Correct
    Wrong
  • 3
    1-2% of the Principal
    Correct
    Wrong
  • 4
    7% of the Principal
    Correct
    Wrong
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Answer : 3. "1-2% of the Principal "

Q:

Which of the following acts regulates the underwriting process in India? 

1593 0

  • 1
    RBI Act 1934
    Correct
    Wrong
  • 2
    Securities and Exchanges Board of India (Underwriters) Regulations, 1993.
    Correct
    Wrong
  • 3
    Securities and Exchanges Board of India (Underwriters) Regulations, 2006.
    Correct
    Wrong
  • 4
    Both (B) and (C)
    Correct
    Wrong
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Answer : 4. "Both (B) and (C)"

Q:

What is the upper age limit for Pradhan Mantri Jeevan Jyoti Bima Yojana renewable insurance scheme? 

929 0

  • 1
    55 years
    Correct
    Wrong
  • 2
    60 years
    Correct
    Wrong
  • 3
    65 years
    Correct
    Wrong
  • 4
    50 years
    Correct
    Wrong
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Answer : 4. "50 years"

Q:

Which Organisation/Ministry is the Custodian of Foreign Reserves in India?

897 0

  • 1
    Finance Ministry
    Correct
    Wrong
  • 2
    Foreign Ministry
    Correct
    Wrong
  • 3
    Reserve Bank of India(RBI)
    Correct
    Wrong
  • 4
    None is Correct
    Correct
    Wrong
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Answer : 3. "Reserve Bank of India(RBI)"

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