Banking Awareness MCQs for IBPS PO and Clerks Online Exams - Set 34

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1. As we know, a lot of new concepts are being used in the field of banking these days, which of the following is NOT one such concept / product directly associated with banks ?
1. RTGs
2. SMS Alert
3. Demat Account
4. ATM / Debit Card
5. Number Portability
2. The history brief  line of RBI given. Pick the correct one  ?
1. Established in 1935 at Kolkata
2. Moved its HO to Mumbai in 1937
3. Nationalized in 1949
4. Co-operative banks come under the regulation of RBI
5. All of these
3. History Line up of RBI given. Pick up the wrong one ?
1. RBI had more efficient control over Foreign Exchange as  the Amendment of Foreign Exchange Regulation Act (FERA) came in to effect in 1973
2. RRBs established in 1975 brought under the control of RBI
3. Sukhmoy Chakravarthy and Vaghul Committee reports on Financial Sector reforms Submitted in 1986
4. In 1993, Exchange rate became market determined
5. Board of Financial Revision set up in 1994
4. Reserve Bank Staff College is located at __________ (to train the needs of RBI officers).
1. Bengaluru
   
2. New Delhi
3. Chennai
4. Hyderabad
5. Nagpur
5. The College of Agricultural Banking at ___________ trains staff of Co-operative and commercial banks,  including regional rural banks.
1. Mumbai
2. Kolkata
3. Kanpur
4. Chennai
5. Pune
6. RBI is funding to encourage advance training and research on banking issues, Economic Growth. It is funding National Institute of Bank Management (NIBM) at ?
1. Delhi
2. Kolkata
3. Pune
4. Hyderabad
5. Indore
7. Indira Gandhi Institute of Development Research (IGIDR) at ______ also funding by RBI.
1. Hyderabad
2. Bhopal
3. Nasic
4. Mumbai
5. Kanyakumari
8. Institute for Development and Research in Banking Technology (IDRBT) is located at ___________
1. Gurgaon
2. Jalandhar
3. Chennai
4. Hyderabad
5. Pune
9. Which among the following is the first universal bank of India ?
1. HDFC
2. Axis Bank
3. ICICI
4. Federal Bank
5. None of these
10. Branch Banking Means ?
1. Bank runs branches accepting deposits only
2. Bank operates through branches to make deposits and forward loans
3. Banks do not having branches
4. 1 & 3
5. None of these
11. The ultimate controller of Bank Deposits is ?
1. SBI
2. Finance Secretary
3. Ministry of Finance
4. Controller of Deposits
5. RBI
12. Important two streams of bank deposits in India ?
1. Functional deposit and Demand deposit
2. Irregulated deposit and Demand deposit
3. Term deposit and Demand deposit
4. Regulated deposit and Non-regulated deposit
5. None 
13. Which of the following is NOT a Nationalized Bank ?
1. Union Bank of India
2. Central Bank of India
3. YES Bank
4. Syndicate Bank
5. Dena Bank
14. The Non-Regulated deposit is ?
1. Current Account
2. Fixed Deposit
3. Savings Account
4. Recurring Account
5. All of above
15. The highlight of Term Deposit is ?
1. high rate of Interest
2. no instinct to spend
3. cumulative rate of interest option
4. loan options
5. All of these
16. Which of the following is the best option to park money for a long period of time to earn a high rate of interest ?
1. Savings account
2. Current account
3. Fixed deposit account
4. Recurring account
5. None of these
17. Banks usually collect penal rate of interest on ____________ for the pre mature withdrawal of fixed deposits 
1. Principal
2. Rate of Interest
3. Minimum deposit amount
4. Maturity amount
5. All of these
18. Fixed deposit can have 
1. Nomination facility
2. Nomination facility with the permission of Bank chairman
3. Nomination facility by taking special permission from bank
4. Nomination facility on the day of closing
5. Nomination facility with the permission of person who introduced him to open account
19. Which committee proposed to raise the compulsory insurance of bank deposits up to 5 lakhs ?
1. Arvind Mayaram
2. Usha Thorat
3. Damodaran
4. Syamala Gopinath
5. None of these
20. With whom, banks usually insure the deposit of the customers ?
1. IRDA
2. RBI
3. DICGC
4. NABARD
5. None of these

 Read more Banking Awareness Model Practice Sets from below

• Set 1
• Set 2
• Set 3
• Set 4
• Set 5
• Set 6
• Set 7 
• Set 8
• Set 9 
• Set 10
• Set 11
• Set 12
• Set 13 
• Set 14 
• Set 15 
• Set 16 
• Set 17
• Set 18 
• Set 19
• Set 20
• Set 21
• Set 22
• Set 23 
• Set 24 
• Set 25 
• Set 26 
• Set 27 
• Set 28 
• Set 29 
• Set 30 
• Set 31 
• Set 32 
• Set 33

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