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. Direct Benefit Transfer or DBT beneficiaries can withdraw money through which of the following servies?

[A] Micro-ATMs
[B] Aadhar Enabled Payment System
[C] BHIM Aadhar Pay
[D] All of the above

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2. KYC guidelines have been issued under which section of Banking Regulation ACT 1949?

[A] Section 35 A
[B] Section 45
[C] SECTION 36 A
[D] Section 123 B

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3. Aadhar Payment App has been developed by which of the following ?

[A] National Payment Corporation of India
[B] Unique Identification Authority of India
[C] IDFC Bank
[D] All of the above

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4. How many digits are there in a Aadhaar Virtual ID?

[A] 16 digits
[B] 12 digits
[C] 14 digits
[D] 11 digits

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5. A 10-member High Level Task force was constituted by RBI on Public Credit Registry under the chairmanship of which of the following persons?

[A] Nandan Nilekani
[B] ABP Pandey
[C] Urjit Patel
[D] Y M Deosthalee

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

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

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7. Foreign Exchange is also called as which of the following?

[A] Domestic Monetary Unit
[B] Foreign Monetary Unit
[C] International Monetary Unit
[D] None of the Above

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8. In investing its Foreign Assets ,RBI is guided by three principles .Which of the following are those principles?

[A] Safety
[B] Liquidity
[C] Return
[D] All of the above

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9. What is the full form of MDER?

[A] Market Determined Exchange Rate
[B] Market Derivative Exchange Rate
[C] Market Determined Exchange Regime
[D] Managed Determined Exchange Rate

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10. What is the full form of NDF?

[A] Non Deliverable Forward
[B] National Deliverable Fund
[C] Non Durable Forward
[D] Not Defined Fund

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