07 - Major Banking Reforms of 21st century

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Major Banking Reforms of 21st century for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank

1. What is the current FDI limit in private sector banks without government approval?

[A] 34%
[B] 25%
[C] 49%
[D] 74%

Show Answer

2. When was National Investment and Infrastructure Fund created?

[A] 2011
[B] 2015
[C] 2012
[D] 2014

Show Answer

3. Which of these is a Financial Inclusion scheme that was launched in 2014?

[A] Pradhan Mantri Sampada Yojna
[B] Bharat Nirman
[C] Pradhan Mantri Jan Dhan Yojana
[D] All of the above

Show Answer

4. 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

Show Answer

5. Which was the first bank to introduce ATM in India?


Show Answer

6. What is the current deposit limit of Payment banks?

[A] Rs 2 lakhs
[B] Rs 1 lakh
[C] Rs 50000
[D] Rs 5 lakhs

Show Answer

7. In which year Reserve Bank of India introduced cheque truncation system?

[A] 2008
[B] 2009
[C] 2010
[D] 2011

Show Answer

8. What is the minimum paid-up equity capital required for small finance banks?

[A] Rs 10 crore
[B] Rs 100 crore
[C] Rs 200 crore
[D] Rs 500 crore

Show Answer

9. Which was the first public bank to introduce credit cards?

[C] Central Bank of India

Show Answer

10. When was the Banking Codes and Standards Board of India (BCSBI) formed?

[A] 2005
[B] 2006
[C] 2007
[D] 2008

Show Answer


Kindly help us to keep GKToday updated and error free. Use this form to report error or outdated information in questions. We shall rectify asap...