Banking Awareness Questions for NABARD Prelims Exam 2017

Just a few days are left for NABARD Prelims Exam It is time to pace up your preparation of Banking Awareness for NABARD and IBPS Exam, These Banking questions will also help you in preparing for other upcoming banking recruitment examination.

Q1. The FATF is an inter-governmental body. FATF stands for-

(a) Financial Action Task Forum

(b) Financial Action Task Fund

(c) Financial Action Time Force

(d) Financial Agency Task Force

(e) Financial Action Task Force

Q2. ___________ is used to describe small loans granted to low-income individuals that are excluded from the traditional banking system.

(a) Industries credit

(b) Microcredit

(c) Small credit

(d) Farmer credit

(e) None of the given options is true

Q3. In which among the following year FATF was established?

(a) 1978

(b) 1982

(c) 1995

(d) 1989

(e) 1962

Q4. Which year was declared as the ‘International Year of Microcredit’ by United Nations?

(a) 2002

(b) 2009

(c) 2005

(d) 2011

(e) 2000

Q5. The market in which long-term securities such as stocks and bonds are bought and sold is commonly known as-

(a) Bullion Market

(b) Capital Market

(c) Bull Market

(d) Money Market

(e) None of the given options is true

Q6. Which bank becomes first Bank in India to launch EMI facility on debit cards?

(a) Bandhan Bank

(b) SBI

(c) HDFC Bank

(d) ICICI Bank

(e) Axis Bank

Q7. Which of the following is correct?

(a) Reserve Bank of India Act, 1935

(b) Reserve Bank of India Act, 1934

(c) Reserve Bank of India Act, 1930

(d) Reserve Bank of India Act, 1921

(e) Reserve Bank of India Act, 1942

Q8. Which of the following features fit for E-Banking-?

(a) Providing Ease in banking operations

(b) Stress on branchless banking

(c) Time Saving

(d) All of the above

(e) None of the given options is true

Q9. If cheque is issued by a bank in the same city as the payee, the cheque will be called?

(a) Outstation Cheque

(b) Local Cheque

(c) At par Cheque

(d) Multicity Cheque

(e) None of the given options is true

Q10. CTS is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques. What is the meaning of “T” in CTS?

(a) Truncation

(b) Transfer

(c) Travel

(d) Ticket

(e) Trust

Q11. The reserves which can act as liquidity buffer for commercial banks during crisis times are-

(a) Repo Rate

(b) CRR

(c) SLR

(d) Bank Rate

(e) Both (b) and (c)

Q12. Money Laundering is-

(a) Conversion of money which is illegally obtained

(b) Conversion of money which is legally obtained

(c) All converted money

(d) All of the above

(e) None of the given options is true

Q13. “Good People to grow with” is the slogan of-

(a) Bank of Baroda

(b) Punjab National Bank 

(c) Central Bank of India

(d) Bank of India

(e) Indian Overseas Bank

Q14. Usha Ananthasubramanian is the Managing Director and Chief Executive Officer of-

(a) Bank of Baroda

(b) Allahabad Bank

(c) State Bank of India

(d) Punjab National Bank

(e) Canara Bank

Q15. Which Indian Bank’s logo contains image of “Dog”-

(a) Vijaya Bank

(b) Dena Bank

(c) Syndicate Bank

(d) Indian Bank

(e) HDFC Bank

Banking Awareness Questions for NABARD Prelims Exam 2017 (Solutions)