Banking Awareness general knowledge

Posted by Editorial Stuff on Tuesday, July 15, 2014
Q 1. A scheme launched by Government of India to take in resolution of customer complain related to the services offered by banks is called as-
A. Banking Ombudsman.
B. Financial Inclusion.
C. Insurance Guarantee Act.
D. ATM Services.

Q 2. What is IFSC code related to banking and finance?
A. IFSC code is used for banking transactions by Business Persons.
B. Indian Financial System Code (IFSC) is an alphanumeric code which is printed on cheques.
C. IFSC codes helps public to invest in Share Market.
D. This is a financial code for ATM related transactions.

Q 3. What is the full form of FIMMDA in the field of banking and finance?
A. Financial Incentive Money Markets Derivatives Association.B. Fixed Income Money Markets Direct Acknowledgement.
C. Fixed Income Money Markets Derivatives Association.
D. Fixed Investment Money Markets Directive Association.

Q 4. Who many digit exist in a MICR (Magnetic Ink Character Recognition) code?
A. 5 digits.
B. 9 digits.
C. 11 digits.
D. 16 digits.

Q 5. In which of the following states of India first Islamic bank is proposed to be set up?
A. Madhya Pradesh.
B. Maharashtra
C. Kerala
D. Haryana.

Q 6. What is financial inclusion?
A. Keep all baking sector under a common organization.
B. Easy accessing facilities through various services.
C. Providing luxury services for business persons.
D. Maintaining the minimum assets for all banking sectors.

Q 7. Operation by Cheque's is permitted in which of the following account type?
A. Savings bank accounts.
B. Current accounts.
C. both Savings bank accounts and current accounts.
D. Only Demat Accounts.

Q 8. Tata Communications Payment Solutions Ltd. (TCPSL) brings the first-ever white label Automated Teller Machines (ATMs) at Mumbai in 27th june, 2013 named as-
B. Simon.
C. Indicash.
D. Master Card.

Q 9. Banks need liquidity to meet which of the following objectives of banking?
A. To meet user engagement.
B. To meet deposit withdrawal and Fund loan demands.
C. To satisfy the customer.
D. To gain profit.

Q 10. Which is the fastest mode of transaction?
A. IMPS (Immediate Payment Service).
B. RTGS (Real time gross settlement).
C. NEFT (National Electronic Funds Transfer).
D. Wire Transfer.

Q 11. What is the full form of IRR as used in banking/financial sectors?
A. International Rate of Return.
B. Internal Ratio of Return.
C. Internal Rate of Return.
D. Internal Ratio of Reinvestment.

Q 12. On 8th may, 2014 Rupay is dedicated to India by Indian president Pranab Mukherjee at Rashtrapati Bhavan, New Delhi. NPCI (National Payments Corporation of India) with a partnership with which organization launched the Rupay card payment system?
B. Discover Financial Services (DFS).
C. Master Card.
D. Maestro.