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Banking Awareness

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Banking Awareness
BANKING AWARENESS
1. On the recommendation of which committee was NABARD established?
(a) Shivraman (b) Rangarajan
(c) Malegam (d) Vijay Kelkar

2. ‘Swabhiman’, the financial inclusion scheme, comes under the purview of which ministry?
(a) Ministry of Commerce (b) Ministry of Home Affairs
(c) Ministry of Finance (d) Ministry of External Affairs

3. RBI was established on ___________.
(a) April 1, 1925 (b) April 1, 1935
(c) April 1, 1945 (d) April 1, 1955

4. The one-rupee note bears the signature of____________.
(a) RBI Governor (b) Deputy Governor
(c) Finance Secretary (d) Finance Minister

5. Which among the following does the RBI not decide?
(a) CAR (b) CRR (c) Base Rate (d) Bank Rate

6. What does ‘T’ in RTGS stand for?
(a) Transaction (b) Transfer (c) Tax (d) Time

7. In banking, IFSC code stands for_________________.
(a) International Format System Code
(b) Indian Function System Code
(c) International Forex System Code
(d) Indian Financial System Code

8. If a customer does not get a satisfactory response to his grievance from the bank within _____ days, then he can approach the Banking Ombudsman.
(a) 60 (b) 90 (c) 30 (d) 15

9. Which of the following organizations is the Mutual Fund Market regulator?
(a) AMFI (b) SEBI (c) CIBIL (d) CRISIL

10. Which of the following statements is incorrect regarding RTGS system?
(a) The transactions take place in real time
(b) The system operates on DNS (Deferred Net Settlement) basis
(c) The minimum amount that can be remitted is Rs. 2 lakh
(d) Service charges for RTGS transactions vary from one bank to another

11. Banks have recently launched a service through which money can be transferred using mobile phones. This service is known as
(a) MMTF (Mobile Money Transfer Facility)
(b) MTMT (Mobile To Mobile Transfer)
(c) IMPS (Inter Bank Mobile Payment Service)
(d) IBMPS (Internet
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