Banking Awareness Quiz

Dear Readers, Banking Awareness Questions play important role in Bank Exams. Around 50-60% of questions in  comes from Banking Awareness which includes recent Banking updates also.

Try to Answer Banking Awareness questions given in this post. We will provide you more questions in next post.

1. The Narsimham Committee for financial sector reforms suggested reduction in
1) SLR and CRR
2) SLR, CRR and Priority Sector Financing
3) SLR and Financing to capital goods sector
4) CRR, Priority Sector Financing and Financing to capital goods sector
5) None of these

2. Which of the following constitutes the World Bank?
(A) International Bank for Reconstruction and Development
(B) International Finance Corporation
(C) International Development Association
(D) International Monetary Fund
1) Only A, B and C
2) Only A and B
3) Only C and D
4) Only A and D
5) All the above

3. The banks are required to maintain a certain ratio of their
cash in hand to total assets. This is called
1) Statutory Bank Ratio (SBR)
2) Statutory Liquid Ratio (SLR)
3) Central Liquid Reserve (CLR)
4) Liquidity Adequacy Ratio (LAR)
5) None of these

4. The Capital Account Convertibility of Indian rupee implies
1) that the Indian rupee can be exchanged by the authorised dealers for travel
2) that the Indian rupee can be exchanged for any major currency for the purpose of trade in goods and services
3) that the Indian rupee can be exchanged for any major
currency for the purpose of trading financial assets
4) that the Indian rupee can be exchanged for the US Dollar for international trade in goods and services
5) None of these

5. “White goods” were among the first few segments which were delicensed by the Government of India. “White goods” include
1) Stainless steel and aluminium utensils
2) Milk and milk products
3) Consumer durable goods
4) Soaps, detergents and other mass consumption goods
5) None of these

6. The most appropriate measure of a country’s economic growth is its
1) Gross Domestic Product
2) Net Domestic Product
3) Net National Product
4) Per Capita Real Income
5) High industrial growth

7. Consider the following:
(A)Market borrowing
(B) Treasury bills
(C) Special securities issued by the RBI
Which of these is/are component(s) of internal debt?
1) Only A
2) Only A and B
3) Only B and C
4) Only B
5) All A, B and C

8. Consider the following statements regarding the Reserve
Bank of India:
(A) It is a banker to the central government.
(B) It formulates and administers monetary policy.
(C) It acts as an agent of the Government with respect to India.
(D) It handles the borrowing programme of Government of India.
Which of the above statements is/are correct?
1) Only A and B
2) Only B, C and D
3) All of the above
4) Only C and D
5) None of these

9. Consider the following:
(A) Currency with the public
(B) Demand deposits with banks
(C) Time deposits with banks
Which of these are included in Broad Money (M3) in India?
1) Only A and B
2) Only A
3) Only A and C
4) Only B and C
5) All the above

10. Recent initiatives for financial inclusion in India include:
(A) “No Frills” account for retail purpose
(B) Simplified Know Your Customer (KYC) norms
(C) Credit Counselling Centres (CCC) facilities
(D) Extension of Smart Cards
Select the correct answer:
1) Only A & B
2) Only B & C
3) Only C & D
4) Only A & D
5) All of the above

1. 2
2. 1
3. 2
4. 3
5. 3
6. 4
7. 5
8. 1
9. 5
10. 5



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