Welcome to Mentor for Bank Exams. Here I am presenting questions some important questions on Banking Awareness which are most important for upcoming bank exams like SBI PO, IBPS PO, IBPS RRB and other bank exams. Kindly make use of these!!!
1. The drawee of a cheque is always a
a) customer
b) paying
banker
c) collecting
banker
d) payee
e) None of
these
2. How many banks were nationalised in 1969?
a) 12
b) 19
c) 6
d) 14
e) 20
3. What is the deficit budget called, in which the deficits are covered
through taxes?
a) Unbalanced
Budget
b) Balanced
Budget
c) Capital
Budget
d) Expenditure
Budget
e) None of
these
4. Bank holidays are declared under ______
a) Banking
Regulation Act
b) RBI Act
c) SEBI Act
d) Negotiable
Instruments Act
e) None of
these
5. Which of the following statements is/are TRUE about Foreign
Direct Investment?</P>
A) It is direct investment into production in a country by a company in
another country
B) It is done by expanding operations of an existing business in that country
C) It is done for many reasons including to take advantage of high
wages
a) Only A
b) All A, B
and C
c) B and C
d) A and B
e) Only C
6. Which of the following are not correctly matched?
a) Global
Competitive Index – World Economic Forum
b) World
Investment Report – World Bank
c) World
Economic Outlook – IMF
d) Human
Development Index – United Nation Development Programme
e) All are
correct
7. What is the name of the committee constituted by Government of India
to review the Fiscal Responsibility and Budget Management (FRBM) Act?
a) RM Lodha
b) Mukul
Mudhgal
c) NK Singh
d) Radha
Krishna
e) None of
these
8. DeMat account are generally held by people who –
a) have big
business
b) deal in
life insurance policies
c) want to
loans from foreign banks
d) deal in
shares
e) want to
acquire business abroad
9. The Reserve Bank of India unveiled draft guidelines for applicants
of universal bank licenses in May 2016. What should be the minimum net worth
the bank should maintain at all times?
a) 10 crore
b) 50 crore
c) 100 crore
d) 250 crore
e) 500 crore
10. Article 112 of the constitution of India is related to –
a) Budget
b) Financial
Emergency
c) National
Emergency
d) State
budget
e) None of
these
Answers:
1)b 2)d 3)a 4)d
5)d 6)b (World Investment Report
– UNCTAD) 7)c 8)d
9)e 10)a
