Banking Awareness – Series 2

Banking Awareness MCQ Questions Answers – Series 2

If you want to take bank exam preparation then we will use the study material provided by you. Banking awareness plays a crucial role in our financial literacy and understanding of the financial ecosystem. Whether you’re a student, a professional, or just someone who manages their personal finances, having a strong grasp of banking concepts is essential. In this article, we’ll explore some common questions about banking awareness and provide clear answers to help enhance your understanding.

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Question Answer – Set 1

Question Answer – Set 2


1) The liberalization of Indian Banking and Regulation was done based on recommendation of _______?

a. R Gandhi Committee
b. Narasimham Committee
c. Basel Committee
d. Khusro Committee

View Answer
Option – b)


2) Cryptocurrency is a _______ .

a) Plastic Money.

b) Digital Medium of Exchange

c) Digital payment

d) Both A & B

View Answer
Option – b)


3) South Indian Bank has its headquarter in which state?

a. Tamil Nadu
b. Kerela
c. Andhra Pradesh
d. Karnataka

View Answer
Option – b)


4) FATCA stands for

a. Foreign Account Tax Compliance Act
b. Foreign Account Trade Company Act
c. Financial Account Tax Compliance Act
d. Fiscal Account Tax Compliance Act

View Answer
Option – a)


5) For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for?

a) Equated Money Index

b) Easy Money Installment

c) Equated Monthly Installment

d) Equal Monthly Installment

View Answer
Option – c)


6) Earliest known cooperative credit union ‘Anyonya Sahakari Mandali’ was founded in which year?

a. 1889
b. 1965
c. 1912
d. 1770

View Answer
Option – a)


7) The securities that the Banks purchase with the intention of keeping them till they mature, fall in which of the following categories ?

a) Held till maturity

b) Fixed securities

c) Fixed time securities

d) Permanent securities

View Answer
Option – a)


8) Which subsidiary bank was merged with the State Bank of India on August 13, 2008?

a. State Bank of Hyderabad
b. State Bank of Indore
c. State Bank of Mysore
d. State Bank of Saurashtra

View Answer
Option – d)


9) Name the micro finance company that becomes the first to start operation as a commercial bank?

a. PayTm Bank
b. Vodafone m-Pesa Bank
c. Yes Bank
d. Bandhan Bank

View Answer
Option – d)


10) The Holidays for the Banks are declared as per which of the following Act

a) Reserve bank Act

b) Banking Regulation Act – 1949

c) Negotiable instrument Act –1881

d) Companies Act – 1956

View Answer
Option – c)