Banking Awareness – 2020 for IBPS, RBI, SBI, NABARD and other Bank Examinations

Welcome to GKToday’s Banking Awareness Section. This section shows 100 random questions from GKToday’s Banking Awareness MCQs.

A chapterwise course of all the 925 questions divided into 88 Chapters in Banking Awareness is Available in GKToday’s Academy app for android mobiles.
1. What were the correct locations of three presidency banks during British India?

[A] Calcutta, Madras, Bombay
[B] Surat, Calcutta, Madras
[C] Surat, Madras, Bombay
[D] Bombay, Calcutta, Surat

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2. On which date, RBI started working?

[A] 1 January 1934
[B] 1 January 1935
[C] 1 April 1935
[D] 31 March 1934

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3. All the offences under the FEMA are considered as which of the following type?

[A] Civil Offence
[B] Criminal Offence
[C] Both Civil and Criminal Offence
[D] None of the above

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4. Who are authorized to sell Foreign Exchange in India?

[A] Authorized Dealers
[B] RBI
[C] FFMCs
[D] Both a and c

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5. Which of the following is not the currency included in the SDR basket?

[A] Japanese Yen
[B] U.S. Dollar
[C] Chinese Yuan
[D] Brazil Real

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6. Which of the following is the biggest contributor to the Foreign Reserve of India?

[A] Gold
[B] Foreign Assets
[C] SDR
[D] Reserve Tranche with IMF

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7. SMERA has been registered under which of the following Acts?

[A] Securities and Exchange Board of India Act, 1992
[B] Reserve Bank of India Act, 1934
[C] Banking Regulation Act, 1949
[D] Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999

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8. ARC ratings is a joint initiative between which of the following?

[A] Sociedade de Avaliacao Estrategica e Risco,Lda of Portugal
[B] Credit Analysis and Research Limited (CARE) of India
[C] Global Credit Rating Company Limited (GCR) of South Africa
[D] All of the Above

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9. What is the full form of CARE ratings and when it was established?

[A] Credit Analysis and Research Limited,1993
[B] Credit Analysis and Research Establishment,1992
[C] Credit Arrangement and Research Enterprises,1996
[D] None of the Above

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10. Venture capital was originated in which of the following countries?

[A] India
[B] Britain
[C] France
[D] USA

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