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. The Vedic word Kusidin refers to _?

[A] A banker
[B] An usurer
[C] A farmer
[D] A trader

Show Answer

2. What was the initial share capital of Reserve Bank of India?

[A] Rs. 5 Crore
[B] Rs. 10 Crore
[C] Rs. 15 Crore
[D] Rs. 20 Crore

Show Answer

3. During which years, Dr. Manmohan Singh served as Governor of RBI?

[A] 1980-83
[B] 1982-83
[C] 1982-85
[D] 1886-89

Show Answer

4. Which position does India hold in Foreign Exchange Reserve?

[A] 7th
[B] 2nd
[C] 9th
[D] 3rd

Show Answer

5. Who is the current head of Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI) ?

[A] Praveen Kumar Sharma
[B] Naveen Kumar Sharma
[C] Laxmi Niwas Mittal
[D] Nandan Nilekani

Show Answer

6. Which score is considered as the maximum credit score in India?

[A] 345
[B] 750
[C] 900
[D] 700

Show Answer

7. What is the full form of EMI?

[A] Equal Monthly Installment
[B] Equated Monthly Installment
[C] Equal Monthly Income
[D] Equated Monthly Incentive

Show Answer

8. What is the full form of MCLR?

[A] Marginal Cost of Funds based Lending Rate
[B] Marginal Cost of Lending Rate
[C] Multiple Commodity Lending Rate
[D] None of the Above

Show Answer

9. Which of the following best define the term Relationship discount?

[A] It is given to the couple applying for personal loans.
[B] It is an additional benefit by banks.
[C] It is given to a prospective applicant if they have a pre-existing relationship with the lender.
[D] Both b and c

Show Answer

10. The Mutual fund is constituted under the provisions of which of the following acts?

[A] The Securities and Exchange Board Of India Act,1992
[B] RBI Act,1934
[C] Indian Trusts Act,1882
[D] Indian Registration Act,1908.

Show Answer