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.
41. 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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42. Which of these cannot be issued by a Payment bank?

[A] ATM card
[B] Debit card
[C] Credit card
[D] All of the above

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43. When did the RBI allowed for the first time to open ultra small branches?

[A] 2004
[B] 2009
[C] 2012
[D] 2014

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44. What kind of Deposits are covered by DICGC?

[A] Saving deposits
[B] Fixed deposits
[C] Current deposits
[D] All of the above

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45. Which of these is not a parabanking activity?

[A] Asset Management
[B] Cash Withdrawal
[C] Insurance Business
[D] None of the above

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46. Which of these states are not served by RBI as its banker?

[A] Goa
[B] Assam
[C] Sikkim
[D] Arunachal Pradesh

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47. 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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48. Where is the current account of all other banks are maintained?

[A] Finance Ministry
[B] RBI
[C] State Bank of India
[D] World Bank

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49. After how many crop seasons, an unpaid short duration Farm loan will be termed as NPA?

[A] 1 crop season
[B] 2 crops seasons
[C] 2 years
[D] 4 crop seasons

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50. Which of these payment modes can be used for payment over BBPS?

[A] Cash
[B] Transfer Cheques
[C] Electronic modes
[D] All of the above

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