QuizNo240: Banking Awareness Questions for IBPS Clerical and PO Exams

Basic Banking Awareness Objective Questions for IBPS Clerks , Bank PO’s,Bank Clerks,SBIPO’s,SSC,NDA,CDS,Indian Economic Services Exams

Question1

Which Bank is called Apex Bank?

(A) Development Bank of India
(B) NABARD
(C) Reserve Bank of India
(D) SBI
(E) EXIM Bank

Question2

First Indian appointed as the Governor of Reserve bank of India ……

(A) SirC. D. Deshmukh
(B) Sir Senegal Rama Rau
(C) M. Narasimham
(D) Dr. C. Rangarajan
(E) Shanmugam Chettiar

Question3

Which among the following banks has more ATMs?

(A) Union Bank of India
(B) ICICI
(C) State Bank of India
(D) HDFC
(E) Syndicate Bank



Question4

Vostro Account means ——

(A) An account maintained by Indian bank in foreign country with dollars
(B) An account maintained by foreign bank in India in Indian Rupees
(C) An account maintained by foreign bank in India in Foreign Currency
(D) An account maintained by Indian bank in foreign in Indian Rupees
(E) An account blocked by RBI

Question5

Which among the following terms not used in Banking?

(A) Pay Order
(B) Garnishee
(C) Emission
(D) Lien
(E) Crossing

Question6

In the acronym WEF, ‘E’ stands for…..

(A) Exchange
(B) Eternal
(C) Existence
(D) Economic
(E) Exit

Question7

The Base Year of Consumer Price Index Numbers for Industrial Workers (CPI-IW) is…

(A) 2011
(B) 2010
(C) 2008
(D) 2012
(E) 2001

Question8

Which bank is not in Private Sector?

(A) Axis Bank
(B) ICICI Bank
(C) Repco Bank
(D) HDFC Bank
(E) South Indian Bank Ltd

Question9

FERA 1993 passed to control the foreign exchange dealings. FERA means…

(A) Foreign Exchange Regulation Act
(B) Foreign Exchange Rules Act
(C) Four Exchange Regulation Act
(D) Foreign Exchange Regulation Activates
(E) None

Question10

The committees relating to banking given. Pick the wrong one.

(A) Bhide Committee-Commercial banks and State Financial Corporations
(B) Bhuchar Committee-Term lending institutes and commercial banks
(C) K B Chore Committee-Cash credit
(D) Cook Committee-Capital Adequacy Ratio of Banks
(E) None

Question11

Which among the following is not the Negotiable instrument?

(A) Cheque
(B) Demand Draft
(C) Cash Deposit form
(D) Bill of Exchange
(E) Promissory Note