Banking Awareness Questions & Answers

Dear friends, here is the questions and answers of Banking Awareness for upcoming IBPS Exams. This questions and answers section covers all important Banking Awareness topics including traditional and recent banking updates, definitions of most important banking keywords, terms in simple way, full list of recent RBI updates, important abbreviations, highlights of latest schemes and plans launched by RBI , economic survey, union and railway budgets.

Banking awareness questions and answers

Banking awareness questions and answers

We can assure you that this questions and answers section will help you to get better score on upcoming IBPS exams. These days not only IBPS, most of the competition examinations have a paper for Financial Awareness or Banking Awareness. Moreover, candidates appearing in banking interviews and internal promotion exams always look for some easy to understand study material. In this Banking Awareness or Financial Awareness questions and answers section will help you to get better score on upcoming competitive examinations.

1. Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
A. Inflation only
B. liquidity in economy
C. Borrowing powers of the banks
D. Flow of Foreign Direct Investments
Answer:
B. liquidity in economy

2. The maximum amount of the total Revenue earned by the government of India comes from:
A. Income Tax
B. Customs Duty
C. Excise Duty
D. Value Added Tax
Answer:
C. Excise Duty

3. The appointments of Banking Ombudsman will be carried out by which of the following?
A. Finance Ministry
B. RBI
C. Govt. of India
D. SEBI
Answer:
B. RBI

4. All the Venture Capital Funds must be registered and should get a grant of certificate from which of the following?
A. SEBI
B. RBI
C. Industrial Finance Corporation of India Limited (IFCI)
D. Industrial Investment Bank of India Limited (IIBI)
Answer:
A. SEBI

5. After the recommendations of which of the following committee the Regional Rural Banks were setup?
A. Sarayya Committee
B. Kapoor Committee
C. Narasimhan Committee
D. angarajan Committee
Answer:
C.Narasimhan Committee

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