FREE Banking Exam Awareness Question and Answers

Question 1

The Banking Regulation Act's Section 9 forbids banking companies from holding any real estate other than what they would utilize themselves for a period of not more than one year.
The RBI has the option to extend this time frame by another :

Accepted Answer

5 years

Answer

4 years

Answer

6 years

Answer

2 years

Question 2

Which of the following stock exchanges was allegedly operating with major irregularities on November 19, 2014, according to SEBI?

Accepted Answer

Delhi Stock Exchange

Answer

Calcutta Stock Exchange

Answer

Bangalore Stock Exchange

Answer

Bangalore Stock Exchange

Question 3

Which one of the following is not a General Insurance function?

Accepted Answer

Medical Insurance

Answer

Fire Insurance

Answer

Crop Insurance

Answer

Cattle Insurance

Question 4

The balance sheet's liability section consists of:

Accepted Answer

All of the above

Answer

Capital and reserve

Answer

Current liabilities

Answer

Long-term liabilities

Question 5

These are the minimum cash reserves required by law.

Accepted Answer

A percentage of aggregate deposits of the bank

Answer

A percentage of capital & reserves of the bank

Answer

A percentage of aggregate loans and advances of the bank

Answer

None of these

Question 6

Which of the following organizations or agencies has asked banks for a Rs. 1000 crore emergency fund to deal with the severe liquidity problem that is preventing the granting of loans to micro borrowers?

Accepted Answer

NABARD

Answer

Micro Finance Institutions

Answer

Regional Rural & Cooperative Banks

Answer

RBI

Question 7

Which of the following account types is referred to as a "Demat Account"?

Accepted Answer

Accounts in which shares of various companies are traded in electronic form

Answer

Zero Balance Accounts

Answer

Accounts which are operated through internet banking facility

Answer

Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there

Question 8

The mortgage is a:

Accepted Answer

Security on immovable property for a loan

Answer

Facility on immovable property

Answer

Concession on immovable property

Answer

Security on movable property for a loan

Question 9

In India, obtaining a license from the RBI is required before operating a new branch. A requirement of the ___ Act states that.

Accepted Answer

Section 22 of banking Regulation Act

Answer

Section 22 of RBI Act

Answer

KYC Guidelines by RBI

Answer

Section 22 of NABARD

Question 10

According to the following, all banking companies must contain the word "bank" in its name, and no company other than a banking company may use the words "bank," "banker," or "banking" as part of their name:

Accepted Answer

Section 7 of Banking Regulation Act

Answer

Section 7 of RBI Act

Answer

Section 7 of SEBI Act

Answer

Section 7 of Nationalization Act

The Banking Regulation Act's Section 9 forbids banking companies from holding any real estate other than what they would utilize themselves for a period of not more than one year.The RBI has the option to extend this time frame by another :

The Banking Regulation Act's Section 9 forbids banking companies from holding any real estate other than what they would utilize themselves for a period of not more than one year.
The RBI has the option to extend this time frame by another :