Banking Static GK 2023 for competitive examinations

Bank exams are competitive examinations conducted by banks to recruit candidates for various positions in the banking sector. These exams are typically held at the national level and are conducted by the Institute of Banking Personnel Selection (IBPS) or the State Bank of India (SBI).

Banking Static Gk 2023

Banking Static GK

To prepare for a bank exam, candidates should be familiar with the syllabus and exam pattern for the specific exam they are appearing for. This typically includes topics such as quantitative aptitude, reasoning ability, English language, general awareness, and computer knowledge. In addition, candidates should also practice previous year's papers and mock tests to get an idea of the types of questions that are likely to be asked in the exam.

Static GK refers to general knowledge that does not change over time, as opposed to current events or dynamic GK. In the context of banking, static GK might include knowledge about the history of banking, the functions and responsibilities of banks, financial regulations and policies, and key terms and concepts in the banking industry.

Banking Static Gk Question 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%


Banking Static Gk Question 10 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


Banking Static Gk Question 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


Banking Static Gk Question 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%


Banking Static Gk Question 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

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