Banking & Finance Awareness – GK Questions and Answers (MCQs)

A. Promoting specialized banking services

B. Enhancing financial inclusion in rural areas

C. Regulating the lending rates of banks

D. Facilitating inter-bank transactions

A. Kelkar Committee

B. Bhagwati Committee

C. Narasimham Committee

D. Tendulkar Committee

A. Only credit and savings

B. Only insurance and pensions

C. Banking, credit, insurance, and payment services

D. Only investment and advisory services

A. Providing loans to the general public during emergencies

B. Offering financial assistance to banks facing temporary liquidity mismatches

C. Funding the government's fiscal deficit

D. Regulating non-banking financial companies (NBFCs)

A. Investment Company

B. Housing Finance Company

C. Regional Rural Bank

D. Infrastructure Finance Company

A. Regulation of cross-border financial transactions

B. Strengthening banks' capital adequacy and liquidity

C. Consumer protection in financial services

D. Promoting the use of digital payments

A. Real Time Gross Settlement

B. Rapid Transaction Gateway System

C. Revenue Transfer and Government Security

D. Retail Transaction and General Service

A. To provide wholesale banking services

B. To focus on lending to large corporations

C. To enhance financial inclusion by providing basic banking services to underserved populations

D. To facilitate international trade finance

A. To regulate the functioning of credit rating agencies

B. To provide a mechanism for the recovery of Non-Performing Assets (NPAs) by banks and financial institutions

C. To govern the issuance of government securities

D. To regulate the insurance sector

A. Operating the UPI platform

B. Managing the RuPay card scheme

C. Regulating the interest rates on savings accounts

D. Facilitating inter-bank electronic fund transfers

A. To encourage banks to lend to profitable sectors

B. To ensure that a certain portion of bank credit is directed towards specified sectors of the economy

C. To regulate the interest rates charged to different sectors

D. To promote lending to foreign companies operating in India

A. It is listed on the stock exchange

B. It is included in the Second Schedule of the Reserve Bank of India Act, 1934

C. It has a minimum paid-up capital of ?1 crore

D. It is authorized to deal in foreign exchange

A. Know Your Customer

B. Keep Your Cash

C. Key Yield Criteria

D. Know Your Creditworthiness

A. Repo Rate

B. Cash Reserve Ratio (CRR)

C. Statutory Liquidity Ratio (SLR)

D. Fiscal Deficit

A. To regulate the lending activities of banks

B. To assess the creditworthiness of borrowers (companies, governments, etc.)

C. To provide financial advisory services to individuals

D. To facilitate the trading of government securities

A. Primary Agricultural Credit Society (PACS)

B. District Central Cooperative Bank (DCCB)

C. State Cooperative Bank (StCB)

D. Land Development Bank

A. Unified Payment Interface

B. Universal Payment Instrument

C. United Payments Infrastructure

D. Integrated Payment Initiative

A. Savings Account

B. Current Account

C. Demat Account

D. Fiscal Account

A. To regulate the interest rates offered by banks on deposits

B. To provide insurance cover on bank deposits

C. To facilitate the merger and acquisition of banks

D. To provide credit guarantees to small businesses

A. Charging of interest (Riba) is prohibited

B. Investments are primarily in government securities

C. Focus on lending to non-profit organizations

D. Acceptance of deposits is not allowed

A. An asset that generates regular income

B. A loan or advance for which the principal or interest payment has remained overdue for a specified period

C. An investment that has appreciated in value

D. A fixed asset owned by the bank

A. UPI

B. NEFT

C. Cryptocurrency

D. IMPS

A. Accepting retail deposits

B. Providing loans to small businesses

C. Underwriting new issues of securities and advising on mergers and acquisitions

D. Facilitating foreign exchange transactions for individuals

A. To regulate the interest rates charged by banks

B. To provide a legal framework for the regulation and supervision of payment systems in India

C. To govern the issuance of credit cards

D. To promote the use of cash transactions

A. To resolve disputes between financial sector regulators

B. To promote financial stability and development in the country

C. To regulate the stock market

D. To formulate monetary policy

A. Small Finance Bank

B. Payment Bank

C. Infrastructure Finance Company

D. Cooperative Bank

A. Capital adequacy, Asset quality, Management soundness, Earnings ability, Liquidity, Sensitivity to market risk

B. Credit appraisal, Asset valuation, Market share, Expense ratio, Loan growth, Statutory compliance

C. Customer acquisition, Asset turnover, Marketing effectiveness, Employee satisfaction, Legal adherence, Security measures

D. Core business, Allied services, Market penetration, Expense management, Loan portfolio, Sustainability

A. Accepting deposits

B. Providing remittance services

C. Lending to customers

D. Facilitating bill payments

A. To regulate the functioning of credit rating agencies

B. To consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals 3

C. To govern the issuance of government securities

D. To regulate the insurance sector

A. Commercial banks are profit-oriented, while cooperative banks are member-owned and operated on a cooperative principle

B. Commercial banks can accept deposits, but cooperative banks cannot

C. Cooperative banks can lend to the public, but commercial banks cannot

D. Commercial banks are regulated by the state government, while cooperative banks are regulated by the RBI