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.
51. Which one among the following has not started commercial banking?

[A] ICICI
[B] SIDBI
[C] IDBI
[D] UTI

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52. What is the reserve deposit ration (RDR)?

[A] the proportion of money RBI lends to commercial banks
[B] the proportion of total deposits commercial banks keep as reserves
[C] the total proportion of money that commercial banks lend to the customers
[D] none of the above

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53. Which of the following accounts is intended to manage the income earned in India from sources like pension, dividend, rent, etc?

[A] NRO account
[B] NRE account
[C] NRI account
[D] None of the above

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54. Credit Card is an essential component of which of the following?

[A] Electronic Commerce
[B] Internet Commerce
[C] Both 1 and 2
[D] None of The Above

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55. Which pension plan provides benefits of pension by employer of organization?

[A] discretionary plan
[B] non-contributory plan
[C] contributory plan
[D] Non-discretionary plan

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56. Lead Bank scheme was introduced to provide lead roles to which of the following banks?

[A] Public sector banks
[B] Private sector banks
[C] Both 1 and 2
[D] Neither 1 nor 2

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57. What is the full form of FINO?

[A] Financial Investment Network and Operations
[B] Farmers’ Investment Network and Operations
[C] Farmers’ Inclusion Network and Operations
[D] Financial Inclusion Network and Operations

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58. Who among the following is a banking corresponding agent?

[A] An authorized representative of bank who offer banking services in unbanked areas
[B] Any person who offer banking services in unbanked areas
[C] An authorized representative of bank who makes profits for banks
[D] None of the above

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59. Which of the following is true regarding BCA?

[A] BCA works for Insurance companies
[B] A BCA can provide services to only 1 bank
[C] A BCA can provide services to more than 1 bank
[D] None of the above

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60. Which of the following banks is the first to provide Mobile ATM?

[A] HSBC
[B] ICICI BANK
[C] SBI
[D] Axis Bank

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