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
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21. A Direct lease, a sale and leaseback, and a Leveraged lease are all examples of which of the following?
[A] Operating Leases
[B] Financial Leases
[C] Full-service Leases
[D] Off-Balance Sheet” methods of financing
Show Answer
Correct Answer: B [Financial Leases]
Notes:
Finance lease, also known as Full Payout Lease, is a type of lease wherein the lessor transfers substantially all the risks and rewards related to the asset to the lessee. A direct lease is a simple lease where the asset is either owned by the lessor or he acquires it.
22. What is Section 7 of the RBI Act 1934?
[A] It allows RBI to buy and sell Foreign currency
[B] It empowers the government to issue directions to the RBI
[C] It allows the RBI to appoint its own staff
[D] None
Show Answer
Correct Answer: B [ It empowers the government to issue directions to the RBI ]
Notes:
The Section 7 in the RBI Act empowers the government to issue directions to the RBI. Although this section has never been used by the central govt, it puts a restriction on the autonomy of the RBI.
23. Which entity regulates and supervises NBFCs?
[A] SEBI
[B] RBI
[C] Ministry of Finance
[D] NABARD
Show Answer
Correct Answer: B [RBI]
Notes:
The Reserve Bank of India is given the responsibility of regulating and supervising the Non-Banking Financial Companies under Reserve Bank of India Act, 1934.
24. Who regulates the District Central Cooperative Banks in India?
[A] RBI
[B] State Government
[C] Central Government
[D] SEBI
Show Answer
Correct Answer: A [RBI]
Notes:
Reserve Bank of India (RBI) regulates and supervises the banking functions of State Cooperative Banks (StCBs)/District Central Cooperative Banks (DCCBs)/Urban Cooperative Banks (UCBs) under the various provisions of the Banking Regulation Act, 1949.
25. When was the process of introducing computerization in all branches of banks began in 1993?
[A] 1991
[B] 1992
[C] 1993
[D] 1994
Show Answer
Correct Answer: C [1993]
Notes:
The process of introducing computerization in all branches of banks began in 1993 in line with the Committee on Computerization in Banks’ recommendations, which had been submitted in 1989.
26. What is not true about Payment bank?
[A] It cannot issue loans
[B] It can accept deposits
[C] It can issue credit cards
[D] None of the above
Show Answer
Correct Answer: C [It can issue credit cards]
Notes:
Payments banks is a new model of banks conceptualised by the Reserve Bank of India (RBI). These banks can accept a restricted deposit and cannot issue loans and credit cards.
27. Which of these is not a new private sector bank?
[A] IDFC
[B] Axis Bank
[C] Lakshmi Vilas Bank
[D] Kotak Mahindra Bank
Show Answer
Correct Answer: C [Lakshmi Vilas Bank]
Notes:
Lakshmi Vilas Bank was founded in 1926 by a group of seven businessmen of Karur under the leadership of Shri V.S.N. Ramalinga Chettiar. All the other options are new private sector banks.
28. When was YES Bank setup in India?
[A] 2002
[B] 2003
[C] 2004
[D] 2012
Show Answer
Correct Answer: C [2004]
Notes:
Yes Bank Limited is India’s fourth largest private sector bank, founded in 2004. It was funded by Rana Kapoor and Ashok Kapur.
29. Where is the operational head office of HSBC Bank located in India?
[A] New Delhi
[B] Bangalore
[C] Mumbai
[D] Chennai
Show Answer
Correct Answer: C [Mumbai]
Notes:
HSBC Bank India has its operational head office in Mumbai. It is a foreign bank under the Banking Regulation Act, 1949. it is regulated by the Reserve Bank of India (RBI).
30. Which is the largest cooperative bank of India presently?
[A] Saraswat Bank
[B] NKGSB Cooperative Bank
[C] Apna Sahakari Bank Ltd
[D] None of the above
Show Answer
Correct Answer: A [Saraswat Bank]
Notes:
Saraswat Cooperative Banking Society was founded on September 14, 1918. Saraswat Bank is the Topmost Cooperative Bank in India. It got a banking license in 1933 and took a new name, Saraswat Cooperative Bank Ltd.
