Indian Banking sector is very important in our developing country. There are many developed banks like RBI, SBI, etc play important role in the Indian Economy. So in competitive exams related to Bank, these questions are asked under General Knowledge. To read this blog you can improve your GK towards Indian Banking.
So, I am providing Top 50 Banking GK Questions and Answers related to accounts and finance for upcoming Bank exams like SBI, IBPS, etc. These banking GK questions are asked under the GK section in competitive exams.
Students can easily get free General Knowledge Mock Test and Current Affairs Mock Test on this platform for online exam practice to obtain good marks in the competitive exams.
Q : What defines commercial paper?
(A) long term debt issued by private corporations
(B) short term and unsecured promissory notes issued by corporations with very high credit rating standings
(C) savings instrument in which funds must remain on deposit for a specified period
(D) a and c
The special importance of banks among financial institutions comes from:-
(A) their large and heavy transactions
(B) their positions as suppliers of money
(C) their power to create money
(D) their influence on the economy
In the context of investment, what are A, AA+, and AAA+?
(A) stock exchange index
(B) credit ratings
(C) market stability index
(D) profit equity index
Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:-
(A) bearer
(B) cross
(C) order
(D) all of the above
The tax on import and export is known as :-
(A) income tax
(B) trade tax
(C) custom duty
(D) commercial tax
Which of the following will set up core banking infrastructure for rural banks?
(A) SIDBI
(B) IBA
(C) RBI
(D) SBI
(E) NABARD
Mortgage is a :-
(A) security on movable property for a loan given by a bank.
(B) security on immovable property for a loan given by a bank.
(C) facility on immovable property for a loan given by bank.
(D) any security given for loan purposes.
Which of the following will be termed as cross-selling by banks?
i. sale of a debit card to a credit card older
ii. sale of insurance policy to a depositor
iii. insurance of cash against cheque presented by a third party.
(A) only i
(B) i and ii
(C) ii and iii
(D) all of the above
largest shareholder of a nationalized bank is:-
(A) RBI
(B) NABARD
(C) Govt. of India
(D) ministry of finance
For resolving the complaints of customers, ombudsman charges:-
(A) charges Rs. 500
(B) charges Rs. 1000
(C) charge of Rs. 100 deducted from bank account
(D) does not charge any fees
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