Banking Awareness Question And Answer For Bank Main Exam

1.The credit policy of a bank doed not deal with?
[1]Credit risk management.
[2]Documentation standrds.
[3]Review and renewal of advances.
[4]Outstanding balaces in deposit accounts.
[5]None of these.

2.Issuing credits cards is a components of?
[1]Corporate banking.
[2]Rural banking
[3]Retail banking
[4]Micro finance
[5]None of these.
.
3.The base rate is set by?
[1]Individual banks.
[2]RBI.
[3]Government of india.
[4]RBI in consulation with Government.
5]None of these.

4.State Bank of India's new floating rate of deposit is directly linked to?
[1]Inflation Rate.
[2]BPLR.
[3]Base rate
[4]Bank rate.
[5]None of these.

5.Which of the following businesses is prohibited as per Sec 8 of B.R Act 1949?
[1]Executing the trusts.
[2]Leasing.
[3]Retail trading.
[4]Underwriting.
[5]None of these.


6.Who is the chairman of the committee constituted by RBI on financial inclusion?
[1]Deepak Mohanty
[2]Aravind Mishra
[3]H R Khan
 [4]M Ghandihttp
[5]None of these.


7.In which year Mutual fund industry began in India?
[1]1957
[2]1963
[3]1975
 [4]1980
[5] 1970

n which year Mutual fund industry began in India? [A]1957 [B]1963 [C]1975 [D]1980
http://www.gktoday.in/gk-current-affairs-july-12-13-2015/

8.Currency that a govt has declared to be legal tender,but is not backed by a physical commodity, is called  
[1]  dear money
[2] cheap money
[3]  fiat money
[4]  hot money
[5]  None

9.Which of the following is the fall in the prices but without causing unemployment? While fighting inflation, the RBI wants it.  
[1]  Deflation
[2]  Stagflation
[3]  Reflation
[4]  Disinflation
[5] None


10.Which of the following terms is NOT associated with banking/finance?    
[1]  Foreclosure
[2]  Syndication
[3] Quarantine
[4] Nomination
[5]   Annuity


Answer
1.[4]   2.[3]   3.[1]  4.[3]  5.[3]  6.[2]  7.[3]  8.[4] 9.[4]  10.[3]