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Banking Awareness MCQs, Banking Awareness

Banking Awareness Questions For Syndicate Bank & Upcoming Bank Exams

Q1. NPCI is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA). What does NPCI stands for(a)
National Payments Corporation of Industry?
(b) National Payments Council of India
(c) Nominal Payments Corporation of India
(d) National Payments Corporation of India
(e) National Product Corporation of India

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Q2. In which among the following years NPCI was incorporated?
(a) December 2008
(b) January 2006
(c) April 2010
(d) July 2012
(e) None of the above

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Q3. The Bank for International Settlements (BIS) is the world’s oldest international financial organisation. BIS was established on
(a) 26th May 1961
(b) 01st October 1949
(c) 14th February 1914
(d) 21st August 1945
(e) 17th May 1930

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Q4. Where is the head office of Bank for International Settlements (BIS)?
(a) Zurich, Switzerland
(b) New York, USA
(c) Basel, Switzerland
(d) Berlin, Germany
(e) Geneva, Switzerland

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Q5. Under which act NPCI was incorporated as a Section 8?
(a) Banking Regulation Act, 1949
(b) Companies Act 2013
(c) Reserve Bank of India Act, 1934
(d) Societies Registration Act, 1860
(e) None of the above

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Q6. Who was the first Governor of RBI?
(a) C.D.Deshmukh
(b) James Braid Taylor
(c) Osborne Smith
(d) Raghuram Rajan
(e) None of the above

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Q7. Scheduled Banks of India are  those banks, which are?
(a) Included in First Schedule of RBI Act, 1934
(b) Not included in First Schedule of RBI Act, 1934
(c) Included in Second Schedule of RBI Act, 1934
(d) Not included in Second Schedule of RBI Act, 1934
(e) None of the above

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Q8. Which of the following banks is not merged with SBI in April 2017?
(a) State Bank of Bikaner & Jaipur
(b) State Bank of Travancore
(c) State Bank of Mysore
(d) Axis Bank
(e) None of the above

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Q9. Which of the following bank is not a private sector bank in India?
(a) Federal Bank
(b) Yes Bank
(c) IndusInd Bank
(d) UCO Bank
(e) None of the above

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Q10. Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)?
(a) ING Vysya Bank
(b) KarurVysya Bank
(c) Lakshmi Vilas Bank
(d) Jammu and Kashmir Bank
(e) None of the above

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Q11. Currently, which of the following combination has female CMDs or heads?
(a) HDFC, ICICI, Axis Bank
(b) ICICI, Axis Bank, Kotak Mahindra Bank
(c) Yes Bank, Kotak Mahindra Bank, SBI
(d) SBI, ICICI Bank, Axis Bank
(e) Axis Bank, ICICI Bank, Allahabad Bank

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Q12. Which two private sector banks have got license from RBI in 2014?
(a) Bandhan and Yes Bank
(b) Yes Bank and IDFC
(c) IDFC Bank and Bandhan Bank
(d) Axis Bank and ICICI
(e) None of the given options is true

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Q13. Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 by The Banker, the Financial Times Group’s monthly publication?
(a) Janet Yellen
(b) Raghuram Rajan
(c) Graeme Wheeler
(d) Mario Draghi
(e) None of the given options is true

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Q14. Which bank first introduced Automated Teller Machine (ATM) in India (1987)?
(a) SBI
(b) Punjab National Bank
(c) Federal Bank
(d) HSBC
(e) None of the given options is true

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Q15. Bank of Rajasthan was merged with which private sector bank?
(a) ICICI Bank
(b) Axis Bank
(c) HDFC Bank
(d) Kotak Mahindra Bank
(e) None of the given options is true

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Q16. PSLCs are tradable certificates issued against priority sector loans of banks. What does meaning of “Cs” in PSLCs?
(a) Cess
(b) Cities
(c) Census
(d) Certificates
(e) None of the above

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Q17. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from –
(a) 1995
(b) 1999
(c) 1990
(d) 1982
(e) 1988

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Q18. MTSS is a way of transferring personal remittances from abroad to beneficiaries in India. What does MTSS stand for?
(a) Mobile Transfer Service Scheme
(b) Money Transfer System Scheme
(c) Money Timing Service Scheme
(d) Market Transfer Service Scheme
(e) Money Transfer Service Scheme

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Q19. How much cash can payment be made to the beneficiary in India under MTSS?
(a) Rs 2, 00,000
(b) Rs 50,000
(c) Rs 1, 00,000
(d) Rs 10,000
(e) None of the above

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Q20. RDA is a channel to receive cross-border remittances from overseas jurisdictions. What does meaning of “A” in RDA?
(a) Account
(b) Assembly
(c) Arrangement
(d) Association
(e) Amount

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