Banking News(General Knowledge ) Questions and answers for exam Preparation

General Knowledge

BANKING NEWS MCQs

Banking, Banking Awareness

Total Questions : 234 | Page 14 of 24 pages

Question 131.

Which bank has appointed Gopal Jain and Dr Sivakumar Gopalan as the non-executive directors?

Yes Bank
Federal Bank
RBL Bank
Axis Bank

Discuss Question

Answer: Option C. -> RBL Bank
The private sector lender RBL Bank has appointed Gopal Jain and Dr Sivakumar Gopalan as the non-executive directors.

Question 132.

NMDFC signed an MoU with which bank for the development of banking software and apps?

ICICI Bank
Yes Bank
HDFC Bank
RBL Bank

Discuss Question

Answer: Option A. -> ICICI Bank
The National Minorities Development and Finance Corporation (NMDFC) has signed an agreement with ICICI Bank for the development of financial accounting software and mobile application.

Question 133.

Which bank has partnered with Tata Neu to launch two new credit cards?

Punjab National Bank
State Bank of India
HDFC Bank
Axis Bank

Discuss Question

Answer: Option C. -> HDFC Bank
HDFC Bank has partnered with Tata Neu to launch two new credit cards.

Question 134.

Which bank became a net seller in June 2022 by selling USD 3.719 billion?

Union Bank of India
State Bank of India
Bank of Baroda
Reserve Bank of India

Discuss Question

Answer: Option D. -> Reserve Bank of India
Reserve Bank of India turned net seller of the US currency in June after it sold USD 3.719 billion on a net basis, the central bank data showed.

Question 135. _________ is the amount of cash funds that the banks have to maintain with RBI.

Mortgage Rate
Base Rate
Cash reserve Ratio
None of the above

Discuss Question

Answer: Option C. -> Cash reserve Ratio

Question 136. What does FII stands for?

Foreign Institutional Investor
France Institutional Investor
Forestry Innovation Investment
Foreign Indirect Investment

Discuss Question

Answer: Option A. -> Foreign Institutional Investor

Question 137. _________ is the rate of interest which is levied on Long-Term loans and Advances taken by commercial banks from RBI

Fixed Interest Rate
Bank Rate
Fixed Deposit Rates
Repo Rate

Discuss Question

Answer: Option B. -> Bank Rate

Question 138. FDI stands for?

Foreign Diverse Investment
Foreign Dealers in India
Frequent Direct Interest
Foreign Direct Investment

Discuss Question

Answer: Option D. -> Foreign Direct Investment

Question 139. SEBI is a _________

Constitutional body
Statutory body
Non statutory body
Advisory body

Discuss Question

Answer: Option B. -> Statutory body

Question 140. Which of the following statement is incorrect?

Reserve Bank requires banks to obtain introduction while opening any type of account to check benami transactions.
Bankers have an old practice of obtaining introduction particularly in current accounts so as to be eligible to get protection under section 131 of the Negotiable Instrument Act,1881.
Banks obtain introduction while opening an account so as to protect themselves against frauds etc. Because the introduction is liable for the acts of the customer.
All of the above

Discuss Question

Answer: Option C. -> Banks obtain introduction while opening an account so as to protect themselves against frauds etc. Because the introduction is liable for the acts of the customer.