Set 7 – Bank Exam GK Questions and Answers | SBI, IBPS PO, RBI and Bank Clerk
Bank Exam GK – Set 7:- Below are the questions and answers of Banking GK Questions Section-7, All Bank related questions published in this section will be important and helpful for you in all banking exams like SBI, IBPS PO, RBI and Bank Clerk etc.
Question 1. Which of the following banks paid a penalty of Rs 2 crore to the Reserve Bank of India?
- Canara Bank
- Lakshmi Vilas Bank
- Kotak Mahindra Bank
- IDFC Bank
[su_spoiler title = “Show Answer” style = “fancy”] Answer: IDFC Bank[/su_spoiler]
Question 2. Which of these banks can issue foreign currency?
- REITS
- Indian Bank
- Invites
- None of these
[su_spoiler title = “Show Answer” style = “fancy”] Answer: None of these[/su_spoiler]
Question 3. National Housing Bank (NHB), a wholly owned subsidiary of Reserve Bank of India (RBI), was set up under which of the following functions?
- Banking Regulation Act, 1949
- Reserve Bank of India Act, 1934
- Companies Act, 1956
- National Housing Bank Act, 1987
[su_spoiler title = “Show Answer” style = “fancy”] Answer: National Housing Bank Act, 1987[/su_spoiler]
Question 4. Which bank has launched M-wallet with Mobikivic?
- IndusInd Bank
- ICICI Bank
- State Bank of India
- HDFC Bank
[su_spoiler title = “Show Answer” style = “fancy”] Answer: IndusInd Bank[/su_spoiler]
Q 5. Many times we see in newspapers that some projects are undertaken by the government officials on ‘PPP’ basis. What is the full form of ‘PPP’?
- Preferential Payment Scheme
- Public-private partnership
- Partial payment project
- Popular Personal Project
[su_spoiler title = “Show Answer” style = “fancy”] Answer: Public-private partnership[/su_spoiler]
Question 6. In REITs, what does “I” mean
- Infrastructure
- Initial
- Investment
- Internal
[su_spoiler title = “Show Answer” style = “fancy”] Answer: Investment[/su_spoiler]
Question 7. National Payments Corporation of India (NPCI) has been incorporated under the provisions of Section 25, it has been passed by the ____ Act?
- Payment and Settlement Systems Act, 2007
- Companies Act, 1956
- Companies Act, 2013
- Banking Regulation Act, 1949
[su_spoiler title = “Show Answer” style = “fancy”] Answer: Companies Act, 1956[/su_spoiler]
Question 8. What is the full form of LAF?
- Loan Adjustment Fund
- Liquidity Adjustment Facility
- Long awaited fund
- Loan against fund
[su_spoiler title = “Show Answer” style = “fancy”] Answer: Liquidity Adjustment Facility[/su_spoiler]
Question 9. What are the “Teaser Loans” rates?
- High rate of interest in the initial period which later goes down
- Competitively changing interest rates in relation to other banks
- Low rate of interest in the initial period which subsequently increases
- Interest rate floating by banks
[su_spoiler title = “Show Answer” style = “fancy”] Answer: Lower rate of interest in initial period which increases later[/su_spoiler]
Question 10. What is the minimum limit to invest in Kisan Vikas Patra?
- 3000 rupees
- 4000 rupees
- 2000 rupees
- 1000 rupees
[su_spoiler title = “Show Answer” style = “fancy”] Answer: 1000 rupees[/su_spoiler]
