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 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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52. Which pay is reckoned as emoluments for pension and gratuity?

[A] Grade pay
[B] Basic pay
[C] Gross pay
[D] None of the above

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53. Which of the following is also known as Additional State Pension?

[A] Basic state pension
[B] State First Related Pension
[C] State Earnings-Related Pension
[D] None of the above

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54. The Lead Bank Scheme was finalised to adopt a which of the following for intensive development?

[A] Town
[B] District
[C] State
[D] Village

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55. Which of the following were the objectives of Lead Bank scheme?

[A] Eviction of unemployment and under employment.
[B] Survival growth in the living map for the poorest of the poor.
[C] Some basic needs arrangements included in poor sections of the society.
[D] All of the above

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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. Which of the following is not true regarding Financial Inclusion plan?

[A] Simplified KYC norms for accounts opening
[B] Mandatory branches in unbanked villages
[C] BSBDA accounts with minimum balance criteria
[D] Micro branches to be opened in rural area

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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. How much percent of SHG consists exclusively of women?

[A] 90%
[B] 50%
[C] 80%
[D] 60%

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60. Which of the following committee s recommended the setting up of ATM?

[A] Rangarajan committee
[B] Shere committee
[C] Saraf committee
[D] Narasimhan committee

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