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- 11. Many banks have adopted / launched 'Core Banking Solutions' (CBS). Core Banking solution is?
A.A marketing strategy adopted by the banks
B.A new type of ATM useful for rural population
C.A delivery channel for quick and fast delivery
D.A new product launched to help senior citizens only as they are not able to visit branches / ATMs frequently.
Answer & Explanation
Answer: Option C 
A delivery channel for quick and fast delivery
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- 12. The bank rate means ___________
A.Rate of Interest charged by commercial banks from borrowers
B.Rate of Interst at which commercial banks discounted bills of their borrowers
C.Rate of interest allowed by commercial banks on their deposits
D.Rate at which RBI purchases or rediscounts bills of exchange of commercial banks
Answer & Explanation
Answer: Option D
Rate at which RBI purchases or rediscounts bills of exchange of commercial banks
View Answer
- 13. As per the revised guidliens issued by RBI on 3rd January, 2001?
A.the minimum paid-up capital requirement of a newly set up private sector bank shoudl be atleast Rs. 200 crore and it should be raised to Rs. 300 crore within three years of commencement of business.
B.the minimum capital adequacy ratio for newly set up private sector bank shas been fixed at 10 percent on a continuous basis from the commencement of operations
C.Only 1
D.Both 1 and 2
Answer & Explanation
Answer: Option D
Both 1 and 2
View Answer
- 14. Which of the following are the recommendations of the International Group (Chairman : Shri A. V. Sardesai) set up by RBI in regard to strengthening and viability of RRBs?
A.Merger/ amalgamation of RRBs to improve operational viability
B.Change of sponsor banks to enhance competitiveness
C.Governance and management and scope for improving profitability
D.All of these
Answer & Explanation
Answer: Option D
All of these
View Answer
- 15. Fixing of charges for various types of services like issuance of demand draft etc. except cheques collection provided by urban co-operative banks is done by
A.Reserve Bank of India
B.the Indian Bank's Association
C.NABARD
D.the bank itself which should not be out of line with the average cost of providing the services
Answer & Explanation
Answer: Option D
the bank itself which should not be out of line with the average cost of providing the services
View Answer
To whom this Banking Awareness Questions and Answers section is beneficial?
Students can learn and improve on their skillset for using Verbal Ability effectively and can also prepare for competitive examinations like...
- All I.B.P.S and Public Sector Bank Competitive Exam
- Common Aptitude Test (CAT) Exams
- UPSC Paper-II or CSAT Exams
- SSC Competitive Exams
- Defence Competitive Exams
- L.I.C / G.I.C AO and Clerk Competitive Exams
- Railway Competitive Exam
- University Grants Commission (UGC)
- Career Aptitude Test (IT Companies) and etc.