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. When was the Banking correspondent scheme launched by RBI?

[A] 2002
[B] 2005
[C] 2001
[D] 2006

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42. What was the objective of Y H Malegam committee set up by RBI?

[A] Review of Poverty Line
[B] Licensing of Small Finance Banks
[C] Monitoring of bad loans
[D] None of the above

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43. Which RBI department regulates the Non-Banking Financial Companies?

[A] DBS
[B] DBOD
[C] DNBS
[D] UBD

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44. Which of these Ratings is used by RBI to rate the banks after annual on-site inspection of banks?

[A] CAMELS
[B] RATS
[C] TIGERS
[D] LIONS

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45. 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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46. Which of these facilities is given by RBI to the banks for inter-bank transactions?

[A] RTGS
[B] SWIFT
[C] M-PESA
[D] All of the above

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47. Why do banks borrow money in the call money market?

[A] To meet sudden demand for funds arising out of large outflows
[B] To fill the temporary mismatches in funds
[C] To meet the Statutory reserve requirements
[D] All of the above

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48. Under which act the banks, which are desirous of operating as BBPOUs, need to get the approval?

[A] Banking & Regulation Act 1949
[B] RBI Act 1934
[C] Payments & settlement System Act ,2007
[D] None of the above

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49. Which of the following is facilitated by Foreign Exchange Reserves?

[A] External trade
[B] Orderly development
[C] Maintenance of foreign exchange market
[D] All of the above

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50. Which one is not a finance company?

[A] Hire-purchase finance company
[B] Mutual Benefit finance companies
[C] IRDA
[D] Loan companies

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