Dear Aspirants.
Welcome to Online Banking Awareness Quiz. Here we are
covering some important Banking Awareness Questions. Do study this banking quiz
thoroughly as it may prove to be helpful in upcoming exams.
1.
On the recommendation of which committee was NABARD established?
a) Shivraman
b) Rangarajan
c) Malegam
d) Vijay Kelkar
2.
‘Swabhiman’, the financial inclusion scheme, comes under the purview of which
ministry?
a) Ministry of
Commerce
b) Ministry of Home
Affairs
c) Ministry of Finance
d) Ministry of
External Affairs
3.
RBI was established on ___________.
a) April 1, 1925
b) April 1, 1935
c) April 1, 1945
d) April 1, 1955
4.
The one-rupee note bears the signature of____________.
a) RBI Governor
b) Deputy Governor
c) Finance Secretary
d) Finance Minister
5.
Which among the following does the RBI not decide?
a) CAR
b) CRR
c) Base Rate
d) Bank Rate
6.
What does ‘T’ in RTGS stand for?
a) Transaction
b) Transfer
c) Tax
d) Time
7.
In banking, IFSC code stands for_________________.
a) International
Format System Code
b) Indian Function
System Code
c) International Forex
System Code
d) Indian Financial
System Code
8.
If a customer does not get a satisfactory response to his grievance from the
bank within _____ days, then he can approach the Banking Ombudsman.
a) 60
b) 90
c) 30
d) 15
9.
Which of the following organizations is the Mutual Fund Market regulator?
a) AMFI
b) SEBI
c) CIBIL
d) CRISIL
10.
Which of the following statements is incorrect regarding RTGS system?
a) The transactions
take place in real time
b) The system operates
on DNS (Deferred Net Settlement) basis
c) The minimum amount
that can be remitted is Rs. 2 lakh
d)
Service charges for RTGS transactions vary from one bank to another
Answers:
1. (a) NABARD
(National Bank for Agriculture and Rural Development) was established in 1982
on the recommendation of Shivraman Committee.
2. (c) Ministry
of Finance.
3. (b) RBI was
established on 1st of April 1935.
4. (c) Finance
secretary.
5. (c) Base rate
is decided by commercial banks, not the RBI.
6. (d) RTGS-Real
Time Gross Settlement system is a funds transfer systems where transfer of
money or securities takes place from one bank to another on a “real time”.
(Real time means within fraction of seconds.)
7. (d) Indian
Financial System Code.
8. (c) 30 days.
9. (b) SEBI is
also known as Capital regulator or Mutual funds regulator or Market regulator.
SEBI is also created investors protection fund and SEBI is the only
organization which regulate the credit rating agencies in India such as CRISIL
and CIBIL.
10. (b)
NEFT-National Electronic Fund Transfer. This is a method used for transferring
funds across banks in a secure manner. It usually takes 1-2 working days for
the transfer to happen. NEFT is an electronic fund transfer system that
operates on a Deferred Net Settlement (DNS) basis which settles transactions in
batches. RTGS does not works on DNS.