Banking & General Financial Awareness

Banking & General Financial Awareness Multiple Choice Questions (MCQs) and Answers with explanation for All Banking Exams of 2020-2021 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations.

1. Which position does India hold in Foreign Exchange Reserve?
[A] 7th
[B] 2nd
[C] 4th
[D] 3rd

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2. Which of the following acts provide the legal provisions for the maintenance of Foreign Reserve in India?
[A] RBI Act 1934
[B] Banking Regulation Act 1949
[C] FEMA 1999
[D] Both a and c

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3. Which of the following is the biggest contributor to the Foreign Reserve of India?
[A] Gold
[B] Foreign Assets
[C] SDR
[D] Reserve Tranche with IMF

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4. Which of the following rating agencies is best suited for MSME Ratings?
[A] CRISIL
[B] CIBIL
[C] SMERA
[D] ICRA

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5. Who was the head of review committee on underwriting rules and regulation ?
[A] Shri Vallabh Bhansali
[B] C. Rangarajan
[C] Urjit Patel
[D] Nandan Nilekani

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6. Which section of the RBI allows the RBI to provide loans to banks and state financial corporations?
[A] 17
[B] 18
[C] 19
[D] 20

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7. In which year the Banking Regulation Act 1949 was amended to make it applicable to cooperative banks?
[A] 1962
[B] 1964
[C] 1965
[D] 1969

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8. How many banks were nationalised in 1980?
[A] 5
[B] 6
[C] 7
[D] 8

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9. Which of these is a Priority Sector for Lending as specified by the RBI?
[A] Agriculture
[B] Education
[C] Housing
[D] All of the above

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10. Which state has the highest number of RRBs in India?
[A] Uttar Pradesh
[B] Bihar
[C] West Bengal
[D] Maharashtra

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