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. What do we call an unconditional order to pay a certain amount on an agreed date?

[A] Promissory note
[B] Bill of exchange
[C] Money order
[D] None of the above

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52. 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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53. On which architecture is UPI built upon?

[A] IMPS
[B] NEFT
[C] RBI
[D] None of the above

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54. Which of the following is the main component of Foreign exchange reserves?

[A] Gold
[B] Loans
[C] Domestic currency
[D] Foreign currency assets

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55. Which of the following about money supply measure adopted in 1977 is correct?

[A] M2= M1 +demand deposits with post offices
[B] M3= M1 +term deposits with banks
[C] M4=M3+total deposits with post offices
[D] All the above

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56. Which of the following is the placement of funds in an account with a bank?

[A] Bank deposit
[B] Foreign currency
[C] Loan
[D] All of the above

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57. What is the number of digits in IFSC Code?

[A] 11
[B] 15
[C] 9
[D] 7

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58. 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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59. Which of the following provides a unified “Kisan Card” issued by banks across the country under Kisan Credit Card, enabling farmers to transact business on ATMs and POS terminals?

[A] RuPay Card
[B] Maestro Card
[C] Forex Card
[D] None of The Above

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60. Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed?

[A] Ponzi schemes
[B] Micro Finance System
[C] Money Laundering Schemes
[D] Money tampering finance

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