Last Updated on February 24, 2020 by GKQUESTIONBANK
Banking Awareness Questions and Answers
General Banking Questions and Answers
These Banking Awareness Questions and Answers are related to the General Banking Questions and Answers in India and world.
These Banking Awareness Questions and Answers are highly important questions for IBPS, SBI – PO, SBI Clerk and other banks upcoming exams.
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Start Read Now General Banking Questions and Answers.
Question (1) What is the maximum period for which domestic term deposits are normally accepted by banks in India?
Answer: 10 years.
Question (2) Which agency/organization in India maintains the Micro. Finance Development and Equity Fund?
Question (3) Which is a Credit Card Association?
Answer: Master Card.
Question (4) What is the mean of Bad debts?
Answer: Amounts owed to a company that are not going to be paid.
Question (5) In case death of account holder of PPF (Public Provident Fund) account who is eligible to claim the balance amount in account?
Answer: Balance amount will be paid to his/her nominee or legal heir.
Question (6) The letter ‘F’ denotes which word in the term IFRS?
Question (7) Which loan constitutes the largest percentage of Retail loans in India?
Answer: Home loans.
Question (8) What is meant by financial inclusion?
Answer: Making available banking services at an affordable cost.
Question (9) Many times we read the term ‘ECB’ in newspapers. What is the full form of ‘ECB’?
Answer: External Commercial Borrowing.
Question (10) In our country, till when a cheque remains valid for payment for from the date of issue?
Answer: 3 months.
Question (11) ‘Crossing’ applies to which instrument?
Question (12) While investing in mutual funds we come across a term called NAV. What is the meaning of NAV?
Answer: Net Asset Value.
Question (13) Assume that Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact?
Answer: More liquidity in the market.
Question (14) Whose signature is found on a 50 rupee currency note in India?
Answer: Governor, RBI.
Question (15) Which is ‘material alteration’ of a negotiable instrument?
Answer: Converting an order cheque to bearer cheque.
Question (16) Which asset can be mortgaged?
Answer: Land and Building.
Question (17) Interest payable on savings bank accounts is regulated by which bank?
Question (18) Many times we read about SHGs in financial newspapers. What is the full form of the term?
Answer: Self Help Groups.
Question (19) Which is not an electronic Banking delivery channel?
Answer: Mobile Vans.
Question (20) The Govt. of India has acquired RBI’s stake in one of the major banks of India. Which that bank?
Answer: State Bank of India.
Question (21) Credit Cards are known by which another name?
Answer: Plastic money.
Question (22) Which instrument cannot be transferred from one person to another by endorsement?
Answer: Fixed Deposit Receipt.
Question (23) What is the full form of ‘FINO’ a term we see frequently in financial newspapers?
Answer: Financial Inclusion Network and Operations.
Question (24) Lending to Micro Finance Institutions by Bank considered as finance to which sector?
Answer: Priority Sector.
Question (25) What is money laundering?
Answer: Conversion of Money which is illegally obtained.