Banking Awareness Quiz - Part 4

Q1. What is the minimum age to became the manager in Private Sector Bank is?
a) 18
b) 20
c) 21
d) 24
e) None of these


Q2. What is the maximum age for MD and CEO in Private Sector Banks set by RBI ?
a) 70
b) 75
c) 60
d)80
e) None of these



Q3. From the following statement which is incorrect about guidelines of RBI for Licensing of New Banks in the Private Sector-

a) Minimum capital requirement will be Rs 500 crore.
b) Aggregate foreign shareholding in the new bank should not exceed 49 per cent for the first five years
c) The new bank should open at least 25 per cent of its branches in unbanked rural centres.

d) Bank should open at least 25 per cent of its branches in metropolitan area.

e) None of these

Q4. From the following statements which is incorrect about NBFC ?

a) NBFC cannot accept demand deposits

b) NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself; 

c) deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.

d) NBFC is a company  that provide banking services without meeting the legal definition of a bank, 

e) None of these

Q5. Who is the Chairmen of SEBI ?
a) Arun Kumar Jha
b) Kishore Kumar Sansi
c) Surendra Kumar Sinha
d) Upendra Kumar Sinha
e) None of these

Q6. Who is the CEO of NITI Aayog ?
a) Sindhu Shri Khullar
b) Arvind Panagariya
c) Narendra Modi
d) Arvind Kejriwal
e) None of these

Q7. Full Form of TRAI is ?
a) Transport Regulatory Authority of India

b) Telecom Regulatory Agency of India
c) Telecom Regulatory Authority of India
d) Transport Regulatory Agency of India

e) None of these

Q8. The extended date for BASEL III Norms which was earlier 31st March 2018 is ?
a) 31st March, 2016
b) 31st March, 2019
c) 31st March, 2020
d) 31st March, 2021
e) 31st March, 2025

Q9. What is tag line of SBI ?
a) With you all the way, Pure Banking Nothing Else, The Nation’s banks on us
b) The name you can bank upon
c) India’s International Bank
d) Badhti Ka naam Zindagi

e) None of these

Q10. The Headquarter of Punjab National Bank is ?
a) Mumbai
b) Kolkata
c) New Delhi
d) Hydrabad
e) None of these

Q11. What is the FDI limit in Insurance ?
a)26
b)49
c) 74
d) 51
e) None of these

Q12. Who is on the top rank in " Ease of Doing Business 2014" Report by World Bank ?
a) India
b) China
c) USA
d) Singapore
e) None of these

Q13. KVP (Kisan Vikas Patra ) which is launched by Finance Minister Arun Jaitley , the money will double in ?
a) 120 months
b) 100 months
c) 180 months
d) 150 months
e) None of these

Q14. From the folowing which is the incorrect statement about RD(Recurring Deposit)?
a) Recurring Deposit accounts are normally allowed for maturities ranging from 6 months to 120 months

b)These accounts can be opened in single or joint names. 

c) None of these

d) Rate of Interest offered is similar to that in Fixed Deposits. 

e) Interest is compounded on quarterly basis in recurring deposits.

Q15. MICR (Magnetic Ink Character Recognition) code consist of ?
a) 11 character
b) 9 character
c) 14 character
d) 12 character
e) None of these

Banking Awareness Quiz Part-III : Click Here
Banking Awareness Quiz Part-II : Click Here
Banking Awareness Quiz Part-I : Click Here