Banking Awareness Quiz for 2016 – SET-1

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Banking Awareness Quiz for 2016 – SET-1

  1. The holidays for bank employees are declared as per the provisions of which among the following?

  1. RBI Act 1934
  2. Banking Regulation Act 1949
  3. Negotiable Instruments Act 1881
  4. Payment and Settlements Act 2007
  5. None of the above
Sol: Option (3)
  1. What does ‘F’ stand for in the abbreviation ‘FCCB’?

  1. Fixed
  2. Foreign
  3. Felling
  4. Falling
  5. None of the above
Sol: Option (2)
  1. RBI was nationalized in the year-

  1. 1948
  2. 1949
  3. 1950
  4. 1951
  5. None of the above
Sol: Option (2)
  1. What does ‘S’ stand for in the abbreviation ‘MSF’?

  1. Standing
  2. Status
  3. Still
  4. State
  5. None of the above
Sol: Option (1)
  1. The maximum denomination for which coins can be issued by the government is-

  1. Rs 2000
  2. Rs 5000
  3. Rs 500
  4. Rs 1000
  5. Rs 10000
Sol: Option (4)
  1. Which among the following is the period after which demand drafts become invalid?

  1. 6 months
  2. 3 months
  3. 12 months
  4. 18 months
  5. 24 months
Sol: Option (2)
  1. The maximum amount for which insurance facility is provided to account holders by DICGC?

  1. Rs 2 lakh
  2. Rs 1 lakh
  3. Rs 5 lakhs
  4. Rs 10 lakhs
  5. None of the above
Sol: Option (2)
  1. Which among the following is considered the apex body for tax matters in India?

  1. RBI
  2. Ministry of Finance
  3. Income Tax Department
  4. CBDT
  5. None of the above
Sol: Option (4)
  1. Regional Rural Banks were established in India in the year-

  1. 1975
  2. 1978
  3. 1980
  4. 1985
  5. 1986
Sol: Option (1)
  1. The number of banks that were nationalized in 1969 is-

  1. 15
  2. 14
  3. 13
  4. 12
  5. 11
Sol: Option (2)

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