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.
61. Which of the following microfinance institution is Universal Bank?

[A] SKS Microfinance Private Ltd
[B] Disha Microfinance Private Ltd
[C] Arohan Financial Services Private Ltd
[D] Bandhan Financial Services Private Ltd

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62. In which pension plans, the specific percentage of an employee pay is contributed by an employer to employees pension plans?

[A] cash balance plans
[B] severance pay plans
[C] early retirement window plans
[D] employee stock ownership plans

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63. 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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64. Which of the following has a fixed time and pays higher interest than a SB Acccount?

[A] Savings Bank Account
[B] Fixed Deposit Account
[C] Recurring Account
[D] Current Account

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65. What is Bancassurance?

[A] an insurance scheme to insure bank deposits
[B] an insurance scheme exclusively for the employees of banks
[C] a composite financial service offering both bank and insurance products
[D] a bank deposit scheme exclusively for employees of insurance companies

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66. The term “a cheque in the electronic form” is defined in the Negotiable Instruments Act, 1881 – under which of the following sections?

[A] Section 6
[B] Section 6(l)
[C] Section 6A
[D] None of the above

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67. A bill of exchange contains which of the following?

[A] Unconditional order
[B] Unconditional undertaking
[C] Conditional undertaking
[D] Conditional order

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68. The Banking Ombudsman charge how much fee for filing and resolving customers’ complaints?

[A] No Fee
[B] Rs. 100
[C] Rs. 200
[D] Rs. 500

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69. If a complaint is not settled by an agreement within a period of ____ month, the Banking Ombudsman proceeds further to pass an Award.

[A] 2
[B] 1
[C] 4
[D] 12

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70. Which of the following was the reason to establish Liberalised Remittance Scheme?

[A] to permit citizens of India to transfer funds abroad for permitted current or capital account transactions
[B] to permit foreigners to transfer funds abroad for permitted current or capital account transactions
[C] to permit NRI to transfer funds to India for permitted current or capital account transactions
[D] None of the above

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