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.
21. Which of the following entities are not covered under the Banking Regulation Act 1949?
[A] Public Sector banks
[B] Cooperative Banks
[C] Primary Agricultural Credit Society
[D] All of the above

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22. How many banks were Nationalised in 1969 under the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969?
[A] 15
[B] 14
[C] 13
[D] 11

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23. Which of these is a Priority Sector for Lending as specified by the RBI?
[A] Agriculture
[B] Education
[C] Housing
[D] All of the above

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24. What is the current deposit limit of Payment banks?
[A] Rs 2 lakhs
[B] Rs 1 lakh
[C] Rs 50000
[D] Rs 5 lakhs

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25. Which was the first public bank to introduce credit cards?
[A] ICICI
[B] HDFC
[C] Central Bank of India
[D] SBI

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26. What do we call the type of banking carried out by the non-bank financial intermediaries which provide services similar to those of traditional commercial banks?
[A] Social Banking
[B] Mixed Banking
[C] Shadow banking
[D] Narrow banking

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27. What is Islamic Banking?
[A] Banking in which lending is prohibited
[B] Banking in Muslim countries
[C] Banking consistent with the principles of sharia
[D] None of the above

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28. What is the banking, where all banking operations are online, known as?
[A] Virtual Banking
[B] Retail Banking
[C] Mixed Banking
[D] Social Banking

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29. What is the type of banking which involves banking services for high net-worth clients like corporate, commercial banks, mid-size companies etc?
[A] Retail Banking
[B] Wholesale Banking
[C] Narrow Banking
[D] Merchant Banking

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30. What is the banking known as when a group of persons come together to own and control three or more independently chartered banks?
[A] Chain banking
[B] Unit banking
[C] Merchant banking
[D] None of the above

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