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.
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The important objective behind the concept of devaluation is
Encourage Exports
Bringing FDI to India
Encourage Imports
None
The RBI regulates the Commercial Banks in matters of
Branch Expansion
Mergers of Banks
All
Liquidity of assets
The Priority Sector Lending by Indian banks includes
SMEs
Weaker Sections
Farmers
All
Who fixes the interest on Savings Deposit?
Finance Minister
Reserve Bank of India
Government of India
Respective Banks
The indicative planning model was adopted in which of the following five year plans?
Fifth
Third
Eighth
Sixth
The Holidays of the Banks are declared as per
Negotiable Instruments Act
Banking in India Act
Banking Regulations Act
Reserve bank of India Act
The committee which has given its recommendations on Financial Inclusion is
Narasimhan Committee
Viswanathan Committee
Urjit Patel Committee
Rangrajan Committee
When a person avails loan from a bank, he will be given a repayment holiday, which is referred as
Subsidy
Discount
Moratorium
Concession
Who has the sole rights to appoint Banking Ombdusman?
Government of India
Reserve Bank of India
Finance Secretary
Bank’s MD and CEO
The Headquarters of Federal Bank Limited is in
Tamilnadu
Kerala
Mumbai
Gujarat
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