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. Which was the first bank to open a branch on foreign soil?

[A] Bank of India
[B] State Bank of India
[C] Bank of Punjab
[D] Allahabad Bank

Show Answer

2. In which year, Paper Currency Act was enacted by British Government of India?

[A] 1850
[B] 1861
[C] 1870
[D] 1858

Show Answer

3. Which was the first bank to be wholly owned and run by Indians?

[A] Allahabad Bank
[B] Bank of Baroda
[C] Bank of India
[D] Central Bank of India

Show Answer

4. In which year, Nationalization of Reserve Bank of India was done?

[A] 1947
[B] 1948
[C] 1949
[D] 1950

Show Answer

5. CRILC (Central Repository of Information on Large Credits) is a borrower level supervisory dataset that keeps records of loan of__?

[A] 5 Crore and above
[B] 5.2 Crore and above
[C] 6 Crore and above
[D] 8 Crore and above

Show Answer

6. FEMA head office is situated in which of the following city?

[A] Hyderabad
[B] Lucknow
[C] Bangalore
[D] New Delhi

Show Answer

7. Liberalized Exchange Rate Management System (LERMS) involving dual exchange rate mechanism was instituted on the recommendations of a high level committee. Who was the head of this committee?

[A] Dr. C. Rangarajan
[B] Urjit Patel
[C] Nandan Nilekani
[D] None of the Above

Show Answer

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

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

Show Answer

9. 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

10. Which of the following give finance to young, start-up companies?

[A] Venture capital firm
[B] Finance company
[C] Small-business finance company
[D] Capital-creation company

Show Answer