Banking Awareness MCQs for Banking exams, IBPS, SBI

A. is in charge of bank loan for buses

B. fixes the rates of interest for loans

C. resolves complaints of customers

D. is the head of all nationalized banks

A. Granting Loans

B. Collecting Cheques/ Drafts customers

C. Facilitating import of goods

D. issuing Bank drafts

A. Non priority sector

B. priority sector

C. commercial sector

D. Agriculture sector

A. Only (A) & (B)

B. Only (B) & (C)

C. Only (A) & (C)

D. Only (A)

A. Only A

B. Only B

C. Only A & B

D. All A, B and C

A. IDBI Bank

B. LIC

C. ICICI Bank

D. Government of India

A. control inflation

B. discourage hoarding of commodities

C. encourage flow of credit into neglected sector

D. All of the above

A. both processing and final settlement of funds transfer instructions can take place continuously

B. final transaction takes place at the end of the day

C. final payment is physically effected within 24 hours

D. final settlement of funds take place at 3 PM daily

A. ten

B. six

C. five

D. four

A. To provide banking services to all those living in remote areas

B. To provide a 100 days job to all those who are in need of a job

C. To provide a permanent employment to the unemployed

D. To ensure that all financial transactions amounting Rs. 5,000/- and above are done through banks