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.
11. The first introduction of Mutual Funds in India occurred in which of the following years?

[A] 1964
[B] 1963
[C] 1987
[D] 1999

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12. Who of the following plays the vital role in setting up of National Housing Bank?

[A] K. R. Puri
[B] Dr. Minoan Singh
[C] C. Rangarajan
[D] None of the Above

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13. National Housing Bank was set up on July 9, 1988 under which among the following acts?

[A] National Housing Bank Act, 1985
[B] National Housing Bank Act, 1986
[C] National Housing Bank Act, 1987
[D] None of the Above

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14. The credit for availing the first Home Loan goes to which of the following persons in India?

[A] Nandan Nilekani
[B] Rustom Padri
[C] D B Remedios
[D] None of the Above

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15. What is full form of RXIL?

[A] Receivable Experience of India Limited
[B] Reserve Exchange of India Limited
[C] Receivable Exchange of India Limited
[D] Reserve Exchange of India Location

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16. Which of the following acts regulates the underwriting process in India?

[A] RBI Act 1934
[B] Securities and Exchanges Board of India (Underwriters) Regulations, 1993.
[C] Securities and Exchange Board of India (Underwriters) (Amendment) Regulations, 2006
[D] Both b and c

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17. Who was the head of review committee on underwriting rules and regulation ?

[A] Shri Vallabh Bhansali
[B] C. Rangarajan
[C] Urjit Patel
[D] Nandan Nilekani

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18. Which of the following clearly defines Price Checking?

[A] A prospect calls on the phone and ask for your rental rates.
[B] A supervisor checks your knowledge of rental rates.
[C] Both a and b
[D] None of the Above

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19. What is the full form of FLC?

[A] Financial Leasing Company
[B] Finance Lending Company
[C] Financial Leasing Company of India Limited
[D] None of the Above

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20. When did RBI stop acting as the currency issuing authority of Burma?

[A] 1941
[B] 1942
[C] 1943
[D] 1947

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