Welcome to the Banking Quiz / Banking Awareness Question & Answers Section of Railpath Academy & Engineers Academy. These are fact based questions written mainly for aspirants of Railway, SSC, Vyapam, CGPSC, IBPS Banking, PO, Clerical, CLAT, MBA entrance exams, State PCS examinations and other examinations of similar nature. Currently, we update 10 questions roughly everyday.
Read Questions Carefully & then Tick the Correct Answers.
Who has the sole rights to appoint Banking Ombdusman?
Finance Secretary
Reserve Bank of India
Bank’s MD and CEO
Government of India
When a person avails loan from a bank, he will be given a repayment holiday, which is referred as
Discount
Moratorium
Concession
Subsidy
Who fixes the interest on Savings Deposit?
Respective Banks
Reserve Bank of India
Government of India
Finance Minister
The Holidays of the Banks are declared as per
Banking Regulations Act
Reserve bank of India Act
Negotiable Instruments Act
Banking in India Act
The RBI regulates the Commercial Banks in matters of
Mergers of Banks
All
Branch Expansion
Liquidity of assets
The important objective behind the concept of devaluation is
Bringing FDI to India
Encourage Exports
Encourage Imports
None
The Priority Sector Lending by Indian banks includes
Farmers
SMEs
All
Weaker Sections
The Headquarters of Federal Bank Limited is in
Tamilnadu
Gujarat
Mumbai
Kerala
The committee which has given its recommendations on Financial Inclusion is
Rangrajan Committee
Narasimhan Committee
Urjit Patel Committee
Viswanathan Committee
The indicative planning model was adopted in which of the following five year plans?
Third
Eighth
Sixth
Fifth
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