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. Who acts as the lender of last resort to all Public Sector Banks in India?

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

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42. What is the maturity period of Money Market Instruments?

[A] Less than 15 days
[B] Less than 1 year
[C] Less than 181 days
[D] Less than 90 days

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43. What is a Doubtful Asset?

[A] sub-standard asset for a period of 12 months
[B] sub-standard asset for a period of 3 months
[C] sub-standard asset for a period of 6 months
[D] None of the above

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44. What are the advantages of BBPS?

[A] Multiple Payment Modes
[B] Payment of bill anywhere and anytime
[C] Timely & guaranteed settlements between parties
[D] All of the above

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45. Which of the following methods can be used to send money over UPI?

[A] Mobile number
[B] VPA
[C] Bank Account Number
[D] All of the above

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46. Which of the following acts as the first line of defense for India in case of economic slowdown?

[A] Securities
[B] Foreign-exchange reserves
[C] Currency
[D] Gold reserves

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47. Which of the following is/are not included in FOREX?

  1. Foreign currency assets held by the RBI
  2. Gold holdings of the RBI
  3. SDRs
  4. Reserve position in the IMF

Select the correct answer:

[A] 1,2,3
[B] 2,3,4
[C] 1,3,4
[D] None

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48. Which type of deposits gives highest rate of interest?

[A] Current deposit
[B] Fixed deposit
[C] Recurring deposit
[D] None of the above

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49. The savings bank account that does not operate for more than 24 months, then the acount is called?

[A] dormant account
[B] demat account
[C] inoperative account
[D] inactive amount

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50. What is NOT a mechanism that contributes to the success of micro-credits?

[A] collaterals
[B] dynamic incentives
[C] peer monitoring
[D] regular repayment schedules

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