Banking Gk interview questions

Who amongst the following appoints Banking Ombudsman in each State?

1. The President of India
2. The Reserve Bank of India
3. Registrar of Companies
4. Ministry of Social Welfare, Government of India

The Tarapore Committee was appointed by the RBI to examine the issue of

1. Current Account convertibility of the rupee
2. Capital Account Convertibility of the rupee
3. Both a and b
4. Trade Sector Reforms

The Banks are required to maintain a certain ratio between their cash in hand and total assets. This is called

1. CRR
2. CBR
3. SBR
4. SLR

In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?

1. Micro finance Institution
2. Regional Rural Banks
3. Co-operative Banks
4. Commercial Banks

As per RBI directives, which of the following functions cannot be outsourced by the Banks?

1. Credit cards and debit cards
2. Opening and closing of accounts
3. Cash collections from the parties
4. Recovery of bad loans

Which of the following rates/ratios is NOT covered under the Monetary and Credit Policy of RBI?

1. Exchange Rate of Foreign Currencies
2. Cash Reserve Ratio
3. Repo Rate
4. Bank Rate

Narasimhan Committee is related to

1. Nank Sector Reform
2. Insurance Sector Reform
3. Heavy Industry Development
4. ‘a’ and ‘c’ are correct

Many a time we hear about NPA in banking terminology. What is the full form of NPA?

1. Negotiable and Preferential Asset
2. New performing Avenues
3. Non-Performing Assets
4. Net Performing Average

When Reserve Bank of India announces an increase of the Cash Reserve Ratio (CRR), what does it mean?

1. The commercial banks will have move money to lend
2. The Union Government will have less money to lend
3. The Reserve Bank of India will have less money to lend
4. The Commercial banks will has been money to lend

Which of the following acts as a mediator between those who have surplus funds and those who are in need of these funds?

1. RBI
2. Bank
3. The government
4. The president

High rates of interest in a law inflation regime

1. Are not favourable for credit expansion
2. Create atmosphere for capital formation
3. Discourage people to make an investment
4. Attract people to make an investment

What is Repo Rate?

1. It is a rate which is offered by banks to their most valued customers or prime customers
2. It is a rate at which RBI allows small loans in the market
3. It is a rate at which RBI sells Government securities to banks
4. It is a rate at which RBI buys Government securities from banks

Non-Performing Assets (NPA) in commercial banks mean

1. Bank deposits which are not invested
2. Loan interest rate loans
3. Capital assets not in use
4. Loans in which interest or principal amount is not recovered

Know Your Customer (KYC) regulations have been introduced in financial transactions under the regulation of

1. Companies Act
2. Reserve Bank of India Act
3. Banking Companies Act
4. Prevention of money Laundering Act
5. Anbs: D

Which of the followings is an easy way to providing credit to the former community?

1. Indira Vikas Patra
2. Kisan Credit Card
3. Loan against gold
4. National saving certificates

The period of high inflation and low economic growth is termed as

1. Stagnation
2. Stagflation
3. Take off stage in economy
4. None of these 

The Monetary policy of India is announced by the

1. Union Finance Minister
2. Prime Minister of India
3. Union Commerce Minister
4. Governor of the RBI

Under whose chairmanship was the committee on Insurance Sector reforms set up?

1. R N Malhotra
2. C Rangarajan
3. Narasimham
4. None of these

Smart Money is a term used for

1. Cash with bank
2. Cash with public
3. Internet banking
4. Credit cards

Green Banking Channel has been launched by

1. RBI
2. UTI
3. PNB
4. SBI

The EXIM Bank of India was established in

1. 1964
2. 1972
3. 1982
4. 1986

Quantitative credit controls do not include

1. RBI directives
2. Cash reserve ration
3. Back rate
4. Open market operations

Government of India, for the first time nationalized 14 large Commercial Banks in the year

1. 1956
2. 1959
3. 1963
4. 1969

An instrument of qualitative credit control in India is

1. Bank rate policy
2. Change in reserve ratio
3. Credit rationing
4. Open market operations

Which one of the following is NOT a quantitative credit control technique?

1. Statutory Liquidity Ratio (SLR)
2. Increase of interest rate on saving deposit
3. Cash Reserve Ratio (CRR)
4. Bank Rate

Which of the following rates is NOT decided by the Reserve Bank of India?

1. Repo Rate
2. Reverse Repo Rate
3. Income Tax Rates
4. Bank Rate

Central Co-operative Banks work at

1. National level
2. Block level
3. State level
4. District level

One rupee currency notes bear the signature of

1. Finance Minister of India  
2. Finance Secretary of India
3. Prime Minister of India
4. President of India

Which of the following cannot be called a Debt instrument as referred in financial transaction?

1. Bonds
2. Certificates of Deposits
3. Commercial Papers
4. Stocks

Which one of the following Indian banks is NOT a nationalized bank?

1. Federal Bank
2. Dena Bank
3. Vijaya Bank
4. Corporation Bank