Banking Awareness Quiz: Set 260

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Welcome to the 2021 Daily Banking Awareness Quiz Question & Answers Section of ExamsCart. Banking Awareness Quiz will Boost Your Banking Awareness Section.

The Banking Awareness Section of Banking Exams covers various segments in it like Banking Awareness, Static GK, In any case, the most imperative thing that you may have seen is that both the Banking Awareness and Static Awareness questions asked in the Banking Awareness Section depend on Current Banking Affairs as it were.

Here is a test on Banking Awareness to give you a chance to survey your Banking Awareness Knowledge. This post contains important Banking Awareness Quiz. A brief explanation of every Quiz is provided to further enhance your general knowledge. 

Banking Awareness Quiz: Set 260

1.On which commission’s recommendations; Reserve Bank of India was established?

1. Hilton Young Commission
2. Chamberlain Commission
3. Ram Bahadur Commission
4. Keynes Commission
5. None of these

2.Which of the following is not the work of RBI?

1. Apex Bank of India
2. Allocating funds directly to the farmers for agricultural development
3. Custodian of foreign currency
4. Both 2 & 3
5. Credit controller

3.Who mints the coins in India?

1. Reserve Bank of India
2. Ministry of Finance
3. Prime Minister’s Office
4. State Bank of India
5. None of these

4.Who was the first governor of Reserve Bank of India from Indian origin?

1. C.D. Deshmukh
2. C. Rajagopalachari
3. Osborne Smith
4. L. K. Jha
5. None of these

5.Which of the following words is not used in Monetary Policy?

1. Black Stone
2. Bank rate
3. Repo Rate
4. Cash reserve ratio
5. All of the above

6.The headquarters of NSDL Payment Bank is located in which city?

1. Mumbai
2. Noida
3. Pune
4. New Delhi
5. Gurugram

7.The headquarters of FINO Payment Bank is located in which city?

1. Mangalore
2. Bengaluru
3. Mumbai
4. Gurugram
5. New Delhi

8.Just like commercial banks, payments banks will have to maintain the _____.

1. CRR
2. SLR
3. MSF
4. Both 1 & 2
5. Both 1 & 3

9.It is mandatory for payments banks to use the word _______ in their names to look different from other banks.

1. Past Bank
2. Finance Bank
3. Pay Bank
4. Payments Bank
5. None of these

10.Consumer can avail the facility of _______ in payments banks.

1. savings accounts
2. current accounts
3. credit account
4. Both 1 & 2
5. All of the above

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