Banking and financial awareness questions for bank exams - Set 4

Banking and financial awareness questions for bank exams - Set 4

1. The government wants to provide public sector banks "right to passage". What is right to passage?

a. the banks can raise equity capital through rights issue.
b. the banks can seize the hypothecated goods.
c. the banks can raise tier 1 capital.
d. the banks can issue various bonds.

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2. In case of joint accounts who can stop the payment?

a. by two account holders together.
b. any one of the account holders singly.
c. all the account holders with permission of the bank.
d. no one can stop the payment.

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3. A saving bank account becomes dormant or inoperative if there is no operation in the account for the last:-

a. 1 year
b. 8 moths
c. 6 months
d. 2 years.

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4. If a customer does not get satisfactory responses from the bank regarding his complaint he can approach the banking ombudsman with in how much time?

a. 15 days
b. 10 days
c. 1 month
d. 2moths.

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5. Where is India's first operational SEZ located?

a. Ahmedabad
b. Surat
C. Jaipur
d. Indore.

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6. What is the maximum population limit for a commercial bank branch to be declared as rural branch?

a. 1 lac
b. 2 lac
c. 4 lac
d. 5 lac

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7. With reference to banking the 15th day of the month is known as :-

a. banking day
b. customer's day
c. complaint day
d. non banking day

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8. According to banking regulation act RBI can fix SLR upto the limit of:-

a. 40%
b. 50%
c. 60%
d. 75%

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9. The first bank to gain license from RBI for internet banking is:-

a. PNB
b. SBI
c. corporation bank
d. Oriental bank of commerce.

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10. The term currency of India refers to:-

a. one rupee notes and coins
b. bank notes issued by RBI .
c. both of them.

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