Banking Awareness 20Twenty for IBPS RRB Clerk PO and other financial relating examination

In IBPS examination for Bank Clerk, PO, RRB candidates faces some Critical Question about Banking Awareness. Most of the candidates coming from deferent fields and they have very less idea about banking sector. This is my little knowledge contribution to all of the candidates who are going to participate in next IBPS (CLERK, PO, RRB) Examination. Every two weeks of each month you will find new 20 questions on Banking Awareness. I named this event “BANKING AWARENESS 20Twenty”.

Banking Awareness 20Twenty 1st and 2nd Week September 2015

1. Under which Act Reserve Bank of India Constituted ? Ans.- RBI Act 1934 2. Who exercises control over Banks in India ? Ans- Government of India and Reserve Bank of India. 3. Co-operative Banks operating in different states are register under- Ans.- State Co-Operative Societies Act 4. Acceptance of Public deposit by Non-banking financial institute is regulated by – Ans. – Government of India and RBI 5. Section 6 (1) of Banking Regulation Act (BR Act) concern with – Ans.- Central Government powers relating to banking business. 6. Primary Regulator of Banking Sector is- Ans.- RBI 7. Section 9 in Banking Regulation Act describe – Ans.- Banks are prohibited from engaging directly or indirectly in trading activities and undertaking trading risk. 8. Under the provision of RBI Act which can be the minimum and maximum denomination of bank notes – Ans.- Minimum Rs.2 and Maximum Rs. 10000 9. A director of a banking company should not have – Ans.- Substantial interest in any other company. 10. Section 21 in BR Act deals with – Ans.- RBI direction to banking companies about Loans and advances. 11. What percentage of the profit for each year transferable to the reserve fund by the banks incorporated in India ?- Ans. 20 Percent. 12. Section 35(1) of BR act deals with – Ans.- Reserve Bank is empowered to conduct Inspection. 13. What is the full form of DICGC ? – Ans.- The Deposit Insurance and Credit Guarantee Corporation. 14. Under State Bank of India Act State bank is a – Ans.- Body Corporate. 15. A Co-Operative Bank means- Ans.- All type of Co-operative banks like A primary Coop, A central Coop, A state Coop, A multi State Coop. 16. Payment of cheques and protection to the banker is contained in the - Ans.- Negotiable Instruments Act (NI Act) 17. In a Hindu undivided Family (HUF) the business is managed by – Ans.- Karta. 18. Shares of a public limited company are – Ans.- Transferable. 19. Against order of cancellation of banking license appeal can be made to – Ans.- Central Government within 30 days of the order. 20. The minimum amount to be deposited with RBI as capital requirement for foreign bank (Not having their branch in Kolkata or Mumbai)- Ans.- 15 Lakh.

Banking Awareness 20Twenty Free Hit Question : FHQ1. The minimum amount to be deposited with RBI as capital requirement for foreign bank (having their branch in Kolkata or Mumbai)- A) 10 Lakh b) 20 Lakh c) 30 Lakh d) 50 Lakh Write your answer with your Name in comment box.

---- Banking Awareness 20Twenty next 20 questions 3rd and 4th of this week --

Tag: current Banking Awareness, Banking general Knowledge, Banking Awareness for RRB IBPS Cleark PO, Banking Awareness for JAIIB CAIIB examination, free Banking awareness for comparative examination

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