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Banking Awareness Quiz for Upcoming Bank Exams

Banking Awareness Quiz

Banking Awareness Quiz

Q1. Bank branches are established under ____________ of Banking Regulations Act, 1949.

A. Section 20

B. Section 21

C. Section 22

D. Section 23

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Q2. Mixed Banking is the system in which banks undertake activities of _______ and investment banking together.

A. Commercial

B. Personal

C. Retail

D. Cooperative

Q3. A fiscal deficit occurs

A. when a government’s total expenditures exceed the revenue that it generates, excluding money from borrowings. 

B. when a government’s total expenditures goes below the revenue that it generates, excluding money from borrowings. 

C. when a government’s total savings exceed the revenue that it generates, excluding money from borrowings. 

D. when a government’s total savings goes below the revenue that it generates, excluding money from borrowings.

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Q4. The difference between the outflow and inflow of foreign currency is known as 

A. Current Account Deficit

B. Fiscal Deficit

C. Foreign Exchange Reserves

D. Balance of Payments

Q5. Type(s) of account that can be opened under NRO are –

A. Term Deposit

B. Recurrent

C. Savings

D. Current

E. All of the Above

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Q6. Which of the following is the Regulator of the credit rating agencies in India?

A. SIDBI

B. SBI

C. RBI

D. SEBI

Q7. What is D in BSBDA?

A. Drawee

B. Drawer

C. Deposit

D. Debit

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Q8. What is the minimum number of free of charge withdrawals through ATMs in BSBDA?

A. 5

B. 4

C. 2

D. 3

Q9. National Housing Bank (NHB), a wholly owned subsidiary of Reserve Bank of India (RBI), was set up under the______________.

A. National Housing Bank Act, 1985

B. National Housing Bank Act, 1986

C. National Housing Bank Act, 1987

D. National Housing Bank Act, 1988

Q10. What is the full form of ICICI bank?

A. Industrial Credit and Investment Corporation of India

B. Investment Credit and Industrial Corporation of India

C. Industrial Corporation and Investment Credit of India

D. Investment Corporation and Industrial Credit of India

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Solution:

Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Q10
D A A C D D C B C

A

That’s all from us in this article. Hope you all find it useful in your preparation. Share your Scores in the Comment Section Below. The key to excel in any competitive exam is to learn n PRACTICE. So, keep practicing more and more such tests to get the best result!

All the Best

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