Tuesday, November 15, 2016

1200+ Banking Awareness Questions PDF Download




Banking, Economic and Financial Awareness is a very important topic that every banking aspirant must prepare for Upcoming Bank PO & Clerk Exam. As lots of Bank Exams Like SBI PO, SBI Clerk, IBPS PO & Clerk, IBPS RRB PO & Assistant are already in Queue so banking Aspirants should not miss this Section during their Preparation

Banking Awareness is not only a part of the General Awareness section but it is also important from interview's point of view where the panel will expect you to be aware of the whereabouts of facts and figures related to banking industry. 


Download 600+ Financial Awareness MCQs - Download

Download 500+ Banking Awareness One Liners - Download


Sample TOP 100 Previous Year's Questions





  • ________ is a temporary pass through account held by a third party during the process of a transaction between two parties--- Escrow Account
  • ‘Ways and Means’ advances refers to ----- The temporary advance made to the government by its Bankers to bridge the interval between expenditure and the flow of receipt of revenues.
  • “Micro Credit” means ------ Loan of very small amount
  • 6 more private banks were nationalized on ----1980(deposits over 200 crores).
  • A account is mainted by an indian bank in the foreign countries----Nostro account
  • A cheque becomes stale after -- 3 months
  • A customer can link how many account to the same mobile number----more than one.
  • A loan offered to an individual who does not qualify for a loan at the prime rate due to their credit history---- Sub prime lending
  • A NBFC is a company registerd under ---- Companies act,1956
  • A NBFC prohibited---- accepted demand deposits
  • A Non-Banking Financial Company (NBFC) is a company registered under the----Companies Act, 1956
  • A rise in the reserve ratio of banks ---- Will lead to a decrease in the money supply
  • An instrument in the form of Depository Receipt created by an Indian Depository against underlying equity shares of the issuing company----- IDR
  • ASBA(Applications Supported by Blocked Amount) is associated with---IPO
  • ATMs set up, owned and operated by non-banks are called----White Label ATMs
  • Banking Ombudsman Scheme is applicable to the business of--- All scheduled commercial banks including RRBs.
  • Banking Ombudsmen is appointed by RBI under---Banking Regulation act
  • Banks are required to maintain SLR under ----- Section 24 of the Banking Regulation Act.
  • Call money is related to ------ Money market.
  • Can NBFC accept demand deposits ---- no
  • Certificate of Deposits can be issued for a maximum period of---365 days(minimum 7 days)
  • Certificates of Deposits have a minimum value of _---- 1 lakh.
  • CIBIL score range ----- 300-900.
  • Commercial Paper (CP) introduce in------ 1990
  • Concept of tobin tax is associated with---Foreign exchange transctions
  • CRAR----- Capital to Risk (Weighted) Assets Ratio
  • Currency which is hyper sensitive and fluctuates frequently.----Soft currency(weak currency).
  • Current account becomes dormant when there are no withdrawals for the last--- 2 years
  • Customers using the UPI system only share --Virtual Address.
  • Educational for All Development Index is released by ---- UNO
  • Expand FSDC----- Financial Stability and Development Council
  • FCNR accounts can be opened and maintained as------ Term Deposit Accounts
  • Foreign Currency which has a tendency of quick migration is called-Hot Currency.
  • Foreign exchange Reserves of India are kept in the custody of ------RBI.
  • Fully KYC complaint account holders may be allowed to withdraw of PMJDY For month--10000
  • How many codes are there in SWIFT code----8 or 11(4—bank code,2-country code,2-location code,3—branch code)
  • How many digits are there in Mobile Money Identifier(MMID)----7
  • How much percentage of the net credits of Commercial Banks should be in priority sector lending--------40%
  • How much percentage of the net credits of Small Finance Banks should be in priority sector lending ------ 75%
  • How User will know whether his/her AADHAAR number is seeded/linked to any bank account number or not-----dial *99*99# on mobile
  • In India, National income is estimated by ---- Central Statistical Organization(CSO).
  • In NUUP, a customer can access banking services by just pressing -----*99#.
  • In what denominations a CP that can be issued-----5 lakh or multiples thereof.
  • Interest on the savings bank accounts is compounded ------ Daily
  • Is Deposit Insurance and Credit Guarantee Corporation available to depositors of NBFCs---No
  • Is introduction necessary while opening a bank account----NO
  • KYC guidelines followed by the banks have been framed on the recommendations of the-----RBI.
  • Last date declarant make the deposit into the scheme PMGKDS---- March 2017
  • LLP--- Limited Liability Partnership.
  • Maximum amount for mental agony and harassment in case of creditcard----1 lakh
  • Maximum amount of compensation as specified under Banking Ombudsman-----10 lakh
  • Minimum and maximum period of maturity prescribed for CP----7days---1 year
  • National Savings Certificate matures at the end of---- 5 years.
  • Nationalize 14 major commercial bank on ----19 july,1969(deposit over 50 cr).
  • Non KYC compliant account holders may be allowed to withdraw of PMJDY For month---5000
  • On a cheque instead of two parallel lines only bank’s name is written. It is a------ Special crossing
  • On the basis of recommendations of which of the following committees NABARD was established------sivaramana committee.
  • One rupee notes bear the signature of.......... Secretary, Ministry of Finance.
  • PMGKDS stands--- Pradhan Mantri Garib Kalyan Deposit Scheme,2016-- Taxation and Investment Regime
  • PSLC ----Priority Sector Lending Certificates
  • Rates of Interest on deposits are determined by--------- The Bank itself.
  • RBI was nationalized on - ----- 1 January 1949.
  • Regulator of Capital Market........SEBI
  • Report on Currency and Finance ------RBI.
  • RRBs is established in ------ 2 Oct 1975.
  • SBI establishment day is celebrated on ------ 1st July.
  • SDR, the currency of the IMF, is in the form of ------ Book keeping entry only.
  • Security on immovable property for a loan given by a bank ----- Mortagage.
  • Systematic investment plan is related to ----- mutual funds
  • The Banking Ombudsman Scheme is introduced under-----Section 35 A of the Banking Regulation Act, 1949
  • The Banking Regulation Act was implemented on----- March 10, 1949.
  • The Chairman of SEBI is nominated by ------ GoI.
  • The Definition of ‘Banking’ is given in---- The Banking Regulation Act, 1949.
  • The Export-Import Bank of India was set up in ------ January 1982.
  • The following acts helps a bank in its day-to-day activities ---- Negotiable Instruments Act..
  • The full form LAF ----- Liquidity Adjustment Facility(repo,reverese repo).
  • The full form of ‘CORE’ ---- Centralized Online Realtime Exchange.
  • The interest rate charged by banks to their largest, most secure, and most creditworthy customers on short-term loans---- Prime lending rate:
  • The minimum capital requirement Payment Banks is Rs ----100 cr
  • The minimum capital requirement Small Banks is Rs -----100 cr
  • The RBI Act was implemented on ----------------------- 6 March 1934.
  • Those Automated Teller Machines where hardware and the lease of the ATM machine is owned by a service provider, but cash management and connectivity to banking networks is provided by a sponsor bank whose brand is used on the ATM---Brown label ATM
  • Transfer of any instrument to another person by signing on its back or face or on a slip of paper attached to it is known as........ endorsement.
  • Transferring local financial assets into foreign financial asset freely and at market determined exchange rates-------- Capital Accounts Convertibility.
  • Unsecured bonds that cannot be converted to company equity or stock ---- Non Convertible Debentures.
  • What is “Stagflation ----- inflation after deflation.
  • What is meant by a scheduled bank---- A bank included in 2nd schedule of RBI Act, 1934.
  • What is the full form of IIP------- Index of Industrial Production.
  • What is the upper transaction limit of UPI system----1 lakh.
  • When a bank returns a cheque unpaid, it is called-----Dishonor cheque
  • When did Payment and Settlement Systems Act----20 th dec 2007.
  • Which date Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ? 500/- and ? 1000/---November 8
  • Which day is celebrated as the Banks Nationalization Day ------ 19 july
  • Which of the following is the parent organisation of UPI----NPCI.
  • Who defines a person resident in India--- Foreign Exchange Management Act, 1999 (FEMA)
  • World Development Report published by------ World bank
  • World Economic Outlook” Report ------ IMF.
  • World Investment Report has been published by---UNCTAD.



  • Also Read From Our Blog : 

    Indian Financial System by Bharti Pathak - Download
    Macmillan's Accounting and Finance For Bankers - Download
    Macmillan's Principles and Practices of Banking - Download
    Objective ESI by Ramesh Singh - Download
    RBI Grade B Officer Previous Year Question Papers - Download
    Stay updated with us for more study materials for all competitive exams.

    bank4success is one of the fastest Growing Educational Channel for Banking and Insurance Exam.If Our Services and Posts has helped you in your Preparation then Please Support us to Grow and help us to connect with Your Friends and their friends also.
    Like, Share & Subscribe Our Various Social Media Channel.