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 was the first small finance bank in India?

[A] Capital Small Finance Bank Limited
[B] Jana Small Finance Bank
[C] Ujjivan Financial Services Pvt Ltd
[D] AU Small Finance Bank

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22. What is the deposit limit on saving accounts in the Payment banks?

[A] Rs 1 lakh
[B] Rs 50000
[C] Rs 5 lakhs
[D] Rs 10 lakhs

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23. Who headed the committee to evaluate the license applications for Payment banks?

[A] C Rangarajan
[B] Usha Thorat
[C] Nachiket Mor
[D] B S Mehta

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24. Under what section of the Banking Regulation Act, 1949 the payments banks are licensed?

[A] 22
[B] 2
[C] 19
[D] 11

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25. Who is the chairperson of the Monetary Policy committee of India?

[A] Finance Minister
[B] Prime Minister
[C] RBI Governor
[D] Chief Economic Advisor

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26. Which of these banks is regulated by Reserve bank of India?

[A] Local Area Banks
[B] Cooperative Banks
[C] Commercial Banks
[D] All of the above

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27. In how many languages is the amount is written on the bank note?

[A] 15
[B] 17
[C] 19
[D] 22

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28. Who signs the One Rupee notes in India?

[A] Prime Minister
[B] RBI Governor
[C] Finance Secretary
[D] President

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29. Which Union Budget had first proposed the setting up of PDMA?

[A] Budget 2011-12
[B] Budget 2012-13
[C] Budget 2013-14
[D] Budget 2014-15

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30. What is the minimum limit of CRR that can be set by the RBI?

[A] No Limit
[B] 12%
[C] 15%
[D] 20%

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