Banking and financial awareness questions for bank exams - Set 1
Banking and financial awareness questions and answers for IBPS, RBI, SBI Exams, Bank Po banking awareness online practice tests, banking awareness for IBPS
1. Which of the following are functions of foreign bank?
a. remitting money from one country to another.
b. discounting of foreign bills.
c. buying and selling of metals.
d. helping in import and export trade.
i. only a and b
ii. b and c
iii. a b and c
iv all of the above.View Answer / Hide Answer
ANSWER: iv all of the above.
2. What does the M in M-banking stands for?
d. mutual fund
e. mobileView Answer / Hide Answer
3. Section 14 of banking regulations act 1949 deals with:-
a. prohibition of a banking company form creating a charge upon anu unpaid capital of the company.
b. system of licensing of banks by RBI
c. regarding holidays of the bank
d. none of the above.View Answer / Hide Answer
ANSWER: a. prohibition of a banking company form creating a charge upon anu unpaid capital of the company.
4. As per which act, holidays are provided in the banks?
a. RBI act
b. Banking regulation act
c. As per orders of govt.
d. Banking nationalization act.View Answer / Hide Answer
ANSWER: b. Banking regulation act
5. World investment report is published by?
b. World bank
d. UNCTADView Answer / Hide Answer
6. Which of the following schemes are not meant for investment purposes?
a. national saving certificate
b. mutual funds
c. infrastructure bonds
d. letter of credit
e. none of the aboveView Answer / Hide Answer
ANSWER: d. letter of credit
7. What was the purpose of setting up Narsimhan committee-2?
a. efficiency and productivity of financial institution
b. banking reform process
c. export of it sector
d. fiscal reform processView Answer / Hide Answer
ANSWER: b. banking reform process
8. Merchant banking in India is governed by:-
d. ministry of financeView Answer / Hide Answer
9. Money laundering means:-
a. hiding of income source mainly to avoid income tax
b. money acquired through criminal sources.
c. money acquired from undisclosed foreign sources.
d. process of conversion of money obtained illegally to appear to have originated from legitimate sources.View Answer / Hide Answer
ANSWER: d. process of conversion of money obtained illegally to appear to have originated from legitimate sources.
10. If you wish to purchase US dollars to travel abroad, you will approach:-
a. ministry of finance
b. US embassy
c. any bank branch authorized for such activity
e. external affairs ministry.View Answer / Hide Answer
ANSWER: c. any bank branch authorized for such activity