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. The employees pension plan in which the employees contribute a portion of earning into the fund is classified as?

[A] cash balance plans
[B] early retirement window
[C] deferred profit sharing plan
[D] savings and thrift plan

Show Answer

62. What is the basic aim of Lead Bank Scheme?

[A] big banks should try to open offices in each district
[B] there should be stiff competition among the various nationalized banks
[C] individual banks should adopt particular districts for intensive development
[D] all the banks should make intensive efforts to mobilize deposits

Show Answer

63. Lead bank scheme was initiated by which of the following?

[A] KP Group
[B] Gadgil Study Group
[C] Ghosh committee
[D] Bhagwati committee

Show Answer

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

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

Show Answer

65. Which of the following products provide an opportunity to build up saving through regular monthly deposits of fixed sum over a period of time?

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

Show Answer

66. 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

Show Answer

67. In Negotiable Instruments Act, the Bill of Exchange is covered under which section?

[A] Section 4
[B] Section 6
[C] Section 13
[D] Section 5

Show Answer

68. According Negotiable Instruments Act, what is a Promissory Note?

[A] A document written and Signed by the payer/maker
[B] Containing an unconditional undertaking
[C] To pay a certain sum of money only to a specific person or the bearer
[D] All of the above

Show Answer

69. Which of the following means ‘indorsement in blank’ of an instrumentnder section 16 of the Negotiable Instrument Act?

[A] where the indorser does not write anything on the instrument
[B] where the indorser writes his name only on the instrument
[C] where the indorser writes the name of the person who is directed to pay
[D] none of the above

Show Answer

70. Banking Ombudsman may award compensation to the complainant for mental agony and harassment upto how much amount?

[A] 1 lakh
[B] 2 lakh
[C] 3 lakh
[D] 5 lakh

Show Answer