Home » Banking Awareness » Banking Awareness MCQs for Bank Exams 2016 – Practice Set

Banking Awareness MCQs for Bank Exams 2016 – Practice Set

Important Banking Awareness MCQs for Bank Exams 2016 – IBPS, RRB, SBI

Banking Awareness MCQs for Bank Exams 2016 - Practice Set1. Which was the first bank corporate by Indians in 1881?
(A) State Bank of India
(B) Avadh Commercial Bank
(C) Reserve Bank of India
(D) Nainital Bank
(E) National Bank



2. Who will settle the grievances of customers of banks?
(A) Finance Ministry
(B) Government of India
(C) Local Courts
(D) Ombuds Men
(E) Governor of RBI

3. Who have been introduced the Banking Ombudsman Scheme?
(A) RBI (Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995).
(B) SBI
(C) NABARD
(D) Finance Ministry
(E) IMF

4. Which of the following Indian Bank is not a nationalized bank?
(A) Oriental Bank of India (OBI)
(B) Dena Bank
(C) Federal Bank
(D) Vijaya Bank
(E) Corporation Bank.

5. What is the animal of the insignia of the RBI?
(A) Lion
(B) Tiger
(C) Panther
(D) Elephant
(E) Horse

6.Which day is observed as SBI day?
(A) 1st January.
(B) 1st June
(C) 1st July
(D) 10th July

7. Generally, the minimum rate below which the banks dod not lend is known as ___________.
(A) Repo Rate
(B) Floor Rate
(C) Highest Rate
(D) Base Rate
(E) All of the Above.

8. Which bank came into existence in 1921, when three banks namely, Bank of Bombay (1840),Bank of Madras (1843), and Bank of Bengal(1806) were reorganised and amalgamated to form a single banking entity?
(A) Punjab National Bank (PNB)
(B) State Bank of India (SBI)
(C) Reserve Bank of India (RBI)
(D) Imperial Bank of India

9. BFS (Board for Financial Supervision) constituted in 1994 by RBI to undertake consolidated supervision of
(A) Commercial Banks
(B) Financial Institutions
(C) NBFC (NonBanking Financial Companies)
(D) All of the Above

10) Most of the Banks in India these days are providing M-Banking facility to all customers. What is the full form of ‘M’ in ‘M-Banking’?
(A) Mutual Fund
(B) Message
(C) Money
(D) Marginal
(E) Mobile

Check Also

GST Questions & Answers PDF Free

GST Questions & Answers PDF | Latest Banking Awareness

GST Questions & Answers PDF | Latest Banking Awareness Q.1.  As per the announcement made …