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Banking Awareness Quiz – Set 119

By
AC Team 1
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Hello Aspirants,

Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for IBPS,SBI, RRB, RBI and other competitive exams.

  1. Which of the following is not regulated by Reserve Bank of India unlike other banks in India? 
    A. State Bank of Sikkim
    B. State Bank of Travancore
    C. IDBI
    D. Axis
    E. ICICI
    Answer – A. State Bank of Sikkim
    Explanation:
    State Bank of Sikkim is not regulated by Reserve Bank of India unlike other banks in India

  2. The State Bank of Sikkim is headquartered in ______
    A. Mangan
    B. Gangtok
    C. Namachi
    D. Geyzing
    E. None of these
    Answer – B. Gangtok
    Explanation 
    State Bank of Sikkim has been headquartered at Gangtok, Sikkim.

  3. As of 2016-2017, State Bank of Sikkim(SBS) has expanded to _______in Sikkim.
    A. 50 branches
    B. 30 branches
    C. 40 branches
    D. 60 branches
    E. 70 branches
    Answer – C. 40 branches
    Explanation 
    As of 2016-2017, State Bank of Sikkim(SBS) has expanded to 40 branches in Sikkim.

  4. The Reserve Bank will shortly issue Rs. _____ denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number panels.
    A. 20
    B. 10
    C. 1000
    D. 500
    E. 50
    Answer – E. 50
    Explanation
    The Reserve Bank will shortly issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number panels

  5. Which of the following is the first Regional Rural Bank of India?
    A. AP Grameena vikas Bank
    B. Chaitanya Godavari
    C. Andhra Pragathi
    D. Prathama Bank
    E. Baroda UP Gramin Bank
    Answer – D. Prathama Bank
    Explanation
    Prathama Bank is the first Regional Rural Bank of India

  6. India Post Payments Bank (IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with _______ equity.
    A. 100% GOI equity
    B. 50% GOI and 50% RBI
    C. 50% GOI, 25% RBI, 25% Sponsor Bank
    D. 50% Sponsor Bank and 50% RBI
    E. 50% GOI, 35% RBI, 15% Sponsor Bank
    Answer – A. 100% GOI equity
    Explanation:
    India Post Payments Bank(IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with 100% GOI equity.

  7. Which of the following is the sponsor of Prathama Bank?
    A. Syndicate Bank
    B. ICICI
    C. IDBI
    D. Axis
    E. SBI
    Answer – A. Syndicate Bank
    Explanation:
    The sponsor of Prathama Bank is Syndicate Bank.

  8. India Post Payments Bank(IPPB) will offer demand deposits such as savings and current accounts upto a balance of Rs. ____
    A. 2 lakh
    B. 1 lakh
    C. 10 lakh
    D. 50 lakh
    E. 3 lakh
    Answer – B. 1 lakh
    Explanation:
    IPPB will offer demand deposits such as savings and current accounts upto a balance of Rs 1 lakh.

  9. India Post Payments Bank(IPPB) will offer _______
    A. Forex
    B. Mutual funds
    C. Pension
    D. Insurance
    E. All of these
    Answer – E. All of these
    Explanation:
    India Post Payments Bank(IPPB) will offer financial services such as insurance, mutual funds, pension, credit products, forex etc

  10. The Reserve Bank of India will shortly issue Rs ______ denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ‘L’ in both the number panels.
    A. 20
    B. 10
    C. 1
    D. 5
    E. 50
    Answer – A. 20
    Explanation:
    The Reserve Bank of India will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ‘L’ in both the number panels.





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