Banking Awareness Questions and Answers

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Banking Awareness Questions with Answers are crucial for candidates preparing for IBPS, SBI, RBI, and other banking exams. These questions cover key banking concepts such as monetary policy, RBI functions, financial institutions, and digital banking. Many banking awareness questions also appear in interview rounds and placement papers, making this topic essential for both written and verbal assessments. Each question includes detailed explanations that strengthen your understanding of the Indian financial system. Practicing company-wise interview questions and placement papers with answers helps candidates perform confidently in the final rounds. Download banking awareness practice PDFs or attempt online quizzes to stay updated with the latest financial trends.

Covers banking terminology and concepts. Pair this with bank test GK and economic banking

Banking Awareness

Showing 10 of 150 questions

51. Note issuing deptt. of RBI should always possess the minimum gold stock of worth-

  • Rs. 85 crore
  • Rs. 115 crore
  • Rs. 200 crore
  • None of these
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52. Which of the following does not grant any tax rebate ?

  • National Saving Certificate
  • Indira Vikas Patra
  • National Saving Scheme
  • Public Providend Fund
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53. Ad hoc Treasury Bill System of meeting budget deficit in India was abolished on-

  • 31 March, 1997
  • 31 March, 1996
  • 1 April, 1992
  • 1 April, 1995
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54. SEBI was established in-

  • 1993
  • 1992
  • 1988
  • 1990
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55. The working of SEBI includes-

  • To regulate the dealings of share market
  • To check the foul dealings in share market
  • To control the inside trading of shares
  • All of these
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56. The ‘Ad hoc Treasury Bill System’ of meeting budget deficit in India was replaced by ‘Ways and Means Advances System’ which has come into force on-

  • March 31, 1997
  • April 1, 1996
  • April 1, 1997
  • None of these
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57. Fiscal deficit as a percentage of GDP was 4·0% in 2004–05 which increased in 2009–10 (Budget Estimates) to-

  • 5·0%
  • 5·1%
  • 6·8%
  • 6·0%
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58. Which is the first Export Processing Zone declared as Free Trade Zone in India ?

  • Kandla
  • Noida
  • Santacruz
  • Falta
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59. Which statement of the following is true for IMF ?

  • It is not an agency of UNO
  • It can grant loan to any country of the world
  • It can grant loan to state Govt. of a country
  • It grants loan only to member nations
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60. TRAI has abolished ADC (Access Deficit Charge) on all types of calls w.e.f.-

  • April 1, 2008
  • April 30, 2008
  • August 30, 2008
  • October 30, 2008
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