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. Micro or Small Enterprise (as defined in the MSMED Act 2006) may be said to have become Sick, if?

[A] Any of the borrowal account of the enterprise remains NPA for ten months or more
[B] Any of the borrowal account of the enterprise remains NPA for eight months or more
[C] Any of the borrowal account of the enterprise remains NPA for five months or more
[D] Any of the borrowal account of the enterprise remains NPA for three months or more

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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

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63. 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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64. Which of the following is an account at a bank or credit union that earns interest over a specified amount of time?

[A] Interest Bearing Account
[B] Regular Checking Account
[C] De-materialized Account
[D] Savings Bank Account

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65. Sukanya Samriddhi Yojana was launched in which year?

[A] 2015
[B] 2016
[C] 2014
[D] 2013

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66. 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

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67. The Banking Ombudsman Scheme is introduced under which of the following sections in Banking Regulation Act, 1949?

[A] Section 25 A
[B] Section 30 A
[C] Section 40 A
[D] Section 35 A

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68. When was Liberalised Remittance Scheme established?

[A] February 1th, 2005
[B] February 4th, 2004
[C] February 7th, 2002
[D] February 8th, 2006

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69. What is the maximum amount of balance can be maintained an individual in payments bank?

[A] 1,50,000
[B] 1,00,000
[C] 50,000
[D] 25,000

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70. NEFT works on the principle of which of the following?

[A] Gross Batch Settlement
[B] Deferred Net Settlement
[C] Priority Net Settlement
[D] Domain Net Settlement

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