Banking Awareness Quiz | 12 - 08 - 17

1. One the recommendation of which committee was NABARD established?

(a) Shivraman 

(b) Rangarajan 

(c) Malegam 

(d) Vijay Kelkar

2. 'Swabhiman', the financial inclusion scheme, come 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 Ministry

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 transaction take place in real time

(b) The system operate on DNS (Deferred Net Settlement) basis

(c) The minimum amount that can be remitted in Rs. 2 Lakh

(d) Service charges for RTGS transactions vary from one bank to another

Answers: 

1. (a) Shivraman
2. (c) Ministry of Finance
3. (b) April 1, 1935
4. (c) Finance Secretary
5. (c) Base Rate
6. (d) Time
7. (d) Indian Financial System Code
8. (c) 30
9. (b) SEBI
10. (b) The system operate on DNS (Deferred Net Settlement) basis