Banking awareness | Banking awareness for All exams like IBPS, NABARD RBI, SBI

Banking awareness:

Banking awareness is a part of general awareness in competitive exams. it comprises banking related terms, history of banks and role of banks in financial system of the country.

1. How many Aadhaar Enrolment and Update Centres in total are there in India?

A. 17000
B. 13000
C. 11000
D. 60000

... Answer is B

2. Liberalized Exchange Rate Management System (LERMS) involving dual exchange rate mechanism was instituted on the recommendations of a high level committee. Who was the head of this committee?

A. Dr. C. Rangarajan
B. Urjit Patel
C. Nandan Nilekani
D. None of the Above

... Answer is A

3. SMERA has been registered under which of the following Acts?

A. Securities and Exchange Board of India Act, 1992
B. Reserve Bank of India Act, 1934
C. Banking Regulation Act, 1949
D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999

... Answer is A

4. Which of the following is the major stakeholder in CRISIL?

A. Standard and Pours’
B. Fitch Ratings Inc.
C. Moody’s
D. Dun and Bradstreet

... Answer is A

5. Mutual funds in India are permitted to invest in which of the following?

A. Securities
B. Securities and Gold
C. Securities, Gold and Real Estate
D. Securities other than Real Estate

... Answer is C

6. Where does the headquarters of CRISIL situated?

A. Delhi
B. Mumbai
C. Haryana
D. Kolkata

... Answer is B

7. Liberalized Exchange Rate Management System (LERMS) is effective from which of the following dates?

A. March1,1993
B. June 1,1993
C. April1,1993
D. July 1,1993

... Answer is A

8. Who manages the Foreign Exchange control in India?

A. SEBI
B. RBI
C. NABARD
D. Central Government

... Answer is B

9. On which date, RBI started working?

A. 1 January 1934
B. 1 January 1935
C. 1 April 1935
D. 31 March 1934

... Answer is C

10. What is the full form of IMF?

A. Indian Monetary Fund
B. International Monetary Fund
C. International Management Funds
D. Indian Management Funds

... Answer is B

11. What was the name of State Bank of India (SBI) before it was created by SBI Act?

A. Imperial Bank of Hindustan
B. Imperial Bank of Bengal
C. Imperial Bank of Madras
D. Imperial Bank of India

... Answer is D

12. What was the name of the first person in India who was given an Aadhaar Identity number?

A. Sonia Gandhi
B. Nandan Nilekani
C. Ranjana Sonawane
D. Atul Bhushan Pandey

... Answer is C

13. Which was the first bank to open a branch on foreign soil?

A. Bank of India
B. State Bank of India
C. Bank of Punjab
D. Allahabad Bank

... Answer is A