Banking Awareness Quiz For Upcoming Exam

Q. : 1   The Reserve Bank of India (RBI) on 1 Mar approved the merger of Kotak Mahindra Bank and ING Vysya Bank. The acquisition will make Kotak Mahindra Bank the ________largest private sector lender in the country with about 1,200 branches.

1) second

2) third

3) fourth

4) fifth

5) None of these

Q. : 2   Which of the following statements is NOT correct with respect to Sukanya Samriddhi Account Scheme, a scheme to promote savings for girl child?

1) Accounts in name of girl child can be opened in banks and post offices.

2) Half of the fund can be withdrawn for girl’s higher education and marriage after the girl attains 18 years of age.

3) An account can be opened in the name of a girl child of up to 10-year-old.

4) The scheme would mature on completion of 25 years from the date of opening of the account.

5) Deposits can be made till completion of 14 years of the girl.

Q. : 3   As announced by the Finance Ministry, the investments in Sukanya Samriddhi Account, the special deposit scheme for girl child, will earn interest rate of _________for 2015-16.

1) 9.2 per cent

2) 8.7 per cent

3) 9 per cent

4) 8.3 per cent

5) 10.2 per cent

Q. : 4   The investments in Public Provident Fund will earn interest rate of ___________ for 2015-16 as announced by the Finance Ministry.

1) 9 per cent

2) 8.7 per cent

3) 9.2 per cent

4) 8.3 per cent

5) 10.2 per cent

Q. : 5   The Reserve Bank of India turned 80 recently. It started its operations as a shareholders' bank in 1935 on

1) 30 Mar

2) 31 Mar

3) 1 Apr

4) 2 Apr

5) 1 May

Q. : 6   Who among the following was appointed the first governor of the Reserve Bank of India (RBI)?

1) Sukumar Sen

2) RK Shanmukham Chetty

3) CD Deshmukh

4) Osborne Smith

5) Benegal Rama Rau

Q. : 7   The govt on 1 Mar unveiled its Foreign Trade Policy (FTP) for 2015-2020, seeking to strengthen merchandise and services exports with a targeted value of ________by 2020.

1) USD 500 bn

2) USD 600 bn

3) USD 700 bn

4) USD 900 bn

5) None of these

Q. : 8   Which of the following is NOT a commercial bank operating in India as of now?

1) Federal Bank

2) Royal Bank of Scotland

3) Catholic Syrian Bank

4) South Indian Bank

5) None of these

Q. : 9   Who among the following has been crowned the Femina Miss India 2015?

1) Vartika Singh

2) Deeksha Kaushal

3) Tanya Hope

4) Afreen Racheal Vaz

5) Aditi Arya

Q. : 10   In the term NBFC, letter ‘F’ denotes

1) Financial

2) Facilitating

3) Forwarding

4) Factoring

5) Funding

Answer:- 

1. (3) fourth
   
2. (4) The scheme would mature on completion of 25 years from the date of opening of the account.
3. (1) 9.2 per cent
4. (2) 8.7 per cent
5. (3) 1 Apr
6. (4) Osborne Smith
7. (4) USD 900 bn
8. (5) None of these
9. (5) Aditi Arya
10. (1) Financial