Are you preparing for any Exam related to Bank? If you are preparing for any exam related to Bank , then you are at right place, we have given questions and answers related to Bnank exam gk in this post. which is useful for you. Bank Exam Gk - Bank GK Question - Banking Gk - Bank Gk In Hindi
Bank Exam Gk questions and answers 2023
Banking related Gk which is important for Bank Exams like IBPS PO, IBPS Clerk, SBI Clerk, IBPS SO, SBI Office Assistant as well as other competitive exams.Bank Exam Gk
We are giving the question answers of Bank Exam GK (General Knowledge) Top 50 Question 2023 in this post for the students preparing for Bank Exams.Bank Exam Gk
Bank Exam GK (General Knowledge) 01 to 10
Que : 1. A fund that tracks an index but can be traded like a stock is known as _______
(a) Exchange Traded Funds(ETF)
(b) Mutual Funds
(c) Energy Funds
(d) Investment Fund
Currect - Exchange Traded Funds(ETF)
Que : 2. ________ are financial markets for the buying and selling of long-term debt or equity-backed securities.
(a) Bullion Market
(b) Capital Market
(c) Money Market
(d) All of the Above
Currect - Capital Market
Que : 3. A market established for the buying and selling of precious metals such as Gold and Silver is termed as ________
(a) Bullion Market
(b) Capital Market
(c) Money Market
(d) All of the Above
Currect - Bullion Market
Que : 4. Which of the following is a currency established as money by government regulation or law but it is not backed by any commodity, such as gold, silver et, but only by the faith of the bearer?
(a) Commodity Money
(b) Representative Money
(c) Fiat Money
(d) fiduciary currency
Currect - Fiat Money
Que : 5. Which of the following is a form of money that has an intrinsic value, like gold coins?
(a) Commodity Money
(b) Representative Money
(c) Fiat Money
(d) fiduciary currency
Commodity Money
Que : 6. Paper Money issued on the credit of a bank or government is called ______
(a) Commodity Money
(b) Representative Money
(c) Fiat Money
(d) Fiduciary currency
Currect - Fiduciary currency
Que : 7. Any type of money that has face value greater than its value as material substance is known as _______
(a) Commodity Money
(b) Representative Money
(c) Fiat Money
(d) fiduciary currency
Currect - Representative Money
Que : 8. Loan and Advances of a bank come under which of the following category?
(a) Assets
(b) Liabilities
Deposits
(d) All of the Above
Currect - Assets
Que : 9. NABARD was established on the recommendations of the ______________
(a) Public Accounts Committee
(b) Shivaraman Committee
(c) Narasimham Committee
(d) All of the Above
Currect - Shivaraman Committee
Que : 10. RBI sold its stake in NABARD to the Government of India, which now holds _____stake
(a) 65%
(b) 70%
(c) 95%
(d) 99%
Currect - 99%
Bank Exam GK (General Knowledge) 11 to 20
Que : 11. Currency swap is an instrument to manage _______
(a) Interest Rate Risk
(b) Currency Risk
(c) Cash flows in different countries
(d) All of the Above
Currect - Cash flows in different countries
Que : 12. “Hawala transactions” in India are prohibited under the provision of which of the following acts?
(a) Banking Regulation Act
(b) Financial Action Task Force Act
(c) Foreign Exchange Management Act
(d) All of the Above
Currect - Foreign Exchange Management Act
Que : 13. Which of the following refers to an account that a bank holds in a foreign currency in another bank?
(a) Nostro Account
(b) Vostro Account
(c) LORO Account
(d) Mirror Account
Currect - Mirror Account
Que : 14. Local currency account maintained by a local bank for a foreign (correspondent) bank is termed as _________
(a) Nostro Account
(b) Vostro Account
(c) LORO Account
(d) Mirror Account
Currect - Vostro Account
Que : 15. ____is a Current Account Maintained by one Domestic Bank on behalf of other domestic bank in foreign bank in foreign currency
(a) BSBDA
(b) CA
(c) LORO Account
(d) Mirror Account
Currect - LORO Account
Que : 16. How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual?
(a) One
(b) Two
(c) Three
(d) Four
Currect - One
Que : 17. What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟?
(a) Fixed Deposit
(b) Recurring Deposit
(c) Another BSBDA
(d) Both A and B
Currect - Both A and B
Que : 18. Maximum balance in the BSBDA small account should not exceed ______ rupees at any time
(a) 50000
(b) 100000
(c) 200000
(d) 300000
Currect - 50000
Que : 19. The total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in _________
(a) One month
(b) Two month
(c) Three month
(d) All of the Above
Currect - One month
Que : 20. BSBDA Small accounts are valid for a period of _________
(a) 3 months
(b) 4 months
(c) 12 months
(d) 6 months
Currect - 12 months
Bank Exam GK (General Knowledge) 21 to 30
Que : 21. SEBI is a/an ________
(a) Constitutional body
(b) Advisory body
(c) non-statutory body \
(d) Statutory body
Currect - Statutory body
Que : 22. Which of the following policies is known as Annual Policy Statement?
(a) Annual budget of central government
(b) Credit and Monetary Policy of RBI
(c) Foreign trade policy of DGFT
(d) Regulations issued by SEBI
Currect - Credit and Monetary Policy of RBI
Que : 23. Which of the following is the Regulator of the credit rating agencies in India ?
(a) RBI
(b) SEBI
(c) SIDBI
(d) GOI
Currect - SEBI
Que : 24. Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992
(a) Constitutional body
(b) Advisory body
(c) non-statutory body
(d) Statutory body
Currect - Statutory body </+A1:D144p>
Que : 25. Which of the following is a function of SEBI?
(a) to approve by−laws of stock exchanges.
(b) inspect the books of accounts of financial intermediaries.
(c) to require the stock exchange to amend their by−laws.
(d) All of the Above
Currect - All of the Above
Que : "26. The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as __________ "
(a) Minimum Reserve System
(b) Proportional Reserve System
(c) Maximum Fiduciary Issue system
(d) Simple deposit system
Currect - Simple deposit system
Que : "27. Which of the following services is NOT provided by the post offices in India ? "
(a) Savings Bank Scheme
(b) Retailing of Mutual Funds
(c) Sale of stamp Papers (Judicial)
(d) Issuance of Demand Drafts
Currect - Issuance of Demand Drafts
Que : 28. Credit rating _______
(a) is used to rate the borrowers while giving advances
(b) is used to work out performance of the employees
(c) is used to calculate the number of excellent audit rated branches
(d) is not used in any bank
Currect - is used to rate the borrowers while giving advances
Que : 29. The section 4 of the Negotiable Instruments Act, 1881 deals with _______
(a) Cheque
(b) Bills of Exchange
(c) Promissory Note
(d) All of the Above
Currect - Promissory Note
Que : 30. Which of the following section of Negotiable Instruments Act, 1881 deals with Cheques?
(a) Section 4
(b) Section 5
(c) Section 6
(d) Section 7
Currect - Section 6
Bank Exam GK (General Knowledge) 31 to 40
Que : 31. Small finance banks are a type of ______ banks in our country.
(a) niche
(b) investment
(c) industrial
(d) All of the Above
Currect - Answer.- niche
Que : 32. Which of the following service(s) is/are available in small finance banks?
(a) Providing loans
(b) Acceptance of deposits
(c) Setting up of Subsidiaries
(d) Both (A) and (B)
Currect - Both (A) and (B)
Que : 33. According to RBI Regulations, which of the following are allowed to set up small finance banks?
(a) NBFC
(b) MFI
(c) LAB
(d) All of the Above
Currect - All of the Above
Que : "34. Reserve Bank of India gave provisional licences to _______ entities to launch small finance banks. "
(a) 10
(b) 11
(c) 12
(d) 13
Currect - 10
Que : "35. Minimum paid-up capital of small finance banks is _______ "
(a) 100 crore
(b) 200 Crore
(c) 500 crore
(d) 1000 crore
Currect - 100 crore
Que : "36. The small finance banks will be licensed under ______ of the Banking Regulation Act, 1949. "
(a) Section 21
(b) Section 22
(c) Section 23
(d) Section 24
Currect - Section 22
Que : 37. An external advisory committee headed by _______ evaluated the license applications for small finance banks.
(a) NR Madhawan Menon
(b) Usha Thorat
(c) Nachiket Mor
(d) Y.H. Melagam
Currect - Usha Thorat
Que : 38. ______ percentage of Foreign share holding will be allowed in small finance banks as per the rules for FDI in private banks in India
(a) 64%
(b) 74%
(c) 61%
(d) 50%
Currect - 74%
Que : 39. Which of the following can be provided by small finance banks
(a) Mutual Funds
(b) Insurance Products
(c) Third Party financial products
(d) All of the Above
Currect - All of the Above
Que : 40. Maximum loan size to a single person cannot exceed ________ of total capital funds.
(a) 30%
(b) 20%
(c) 11%
(d) 10%
Currect - 10%
Bank Exam GK (General Knowledge) 41 to 50
Que : "41. The banks will be licensed as payments banks under ______ of the Banking Regulation Act, 1949. "
(a) Section 21
(b) Section 22
(c) Section 23
(d) Section 24
Currect - Section 22
Que : 42. Payment banks can accept a restricted deposit which is currently limited to _______ per customer account.
(a) Rs.1 lakh
(b) Rs.3 lakh
(c) Rs.2 lakh
(d) Rs.5 lakh
Currect - Rs.1 lakh
Que : 43. Payment Banks can not issue ________
(a) Credit Card
(b) Debit Card
(c) loans
(d) Both (B) and ©
Currect - Both (B) and (C)
Que : 44. Any acquisition by the Payment Banks that are more than ____ will require approval of the RBI.
(a) 5%
(b) 10%
(c) 15%
(d) 20%
Currect - 5%
Que : 45. Which of the following services can be offered by Payment Banks?
(a) Debit Cards
(b) Online Banking
(c) Mobile Banking
(d) All of the Above
Currect - All of the Above
Que : 46. _______ percentage of Payment Bank‟s branches must be in the unbanked rural are
(a) 25%
(b) 10%
(c) 15%
(d) 20%
Currect - 25%
Que : 47. Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, headed by ________ recommended the formation of a new category of bank called payments bank.
(a) NR Madhawan Menon
(b) Bimal Jalan
(c) Nachiket Mor
(d) Y.H. Melagam
Currect - Nachiket Mor
Que : 48. Reserve Bank of India gave “in-principle” licences to _______ entities to launch payments banks.
(a) 10
(b) 11
(c) 12
(d) 13
Currect - 11
Que : 49. Which of the following surrendered their “in-principle” to launch payments banks?
(a) Cholamandalam Distribution Services
(b) Dilip Shanghvi, Sun Pharmaceuticals
(c) Tech Mahindra
(d) All of the Above
Currect - All of the Above
Que : 50. The “in-principle” license is valid for _____months within which the entities must fulfil the requirements.
(a) 12 Months
(b) 14 Months
(c) 18 Months
(d) 24 Months
Currect - 18 Months