Banking Awareness Questions For NICL AO Mains Exam 2017

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

Q1. Who is the first Governor of RBI? 

(a) C.D.Deshmukh

(b) James Braid Taylor 

(c) Osborne Smith

(d) Raghuram Rajan

(e) None of the given options is true

Q2. Scheduled Banks of India are those banks, which are? 

(a) Included in First Schedule of RBI Act, 1934 

(b) Not included in First Schedule of RBI Act, 1934 

(c) Included in Second Schedule of RBI Act, 1934 

(d) Not included in Second Schedule of RBI Act, 1934 

(e) None of the given options is true

Q3. Which of the following banks is not merged with SBI in April 2017? 

(a) State Bank of Bikaner & Jaipur 

(b) State Bank of Travancore 

(c) State Bank of Mysore 

(d) Axis Bank

(e) None of the given options is true

Q4. Which of the following bank is not a private sector bank in India? 

(a) Federal Bank 

(b) Yes Bank 

(c) IndusInd Bank 

(d) UCO Bank

(e) None of the given options is true

Q5. Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)? 

(a) ING Vysya Bank

(b) Karur Vysya Bank 

(c) Lakshmi Vilas Bank 

(d) Jammu and Kashmir Bank

(e) None of the given options is true

Q6. IBA stands for-

(a) Indian Banks’ Allocation 

(b) Indian Banks’ Association

(c) Institute Banks’ Association 

(d) Indian Banks’ Assembly

(e) Indian Billing Association 

Q7. What is the present Repo Rate?

(a) 7.00%

(b) 6.25%

(c) 6.50%

(d) 6.75%

(e) None of the given options is true

Q8. Which among the following rates is not the policy rate of RBI?

(a) Repo Rate

(b) Reverse Repo Rate

(c) Bank Rate

(d) Marginal Standing Facility Rate

(e) Cash Reserve Ratio

Q9. The Banking Ombudsman is a senior official appointed by…………..?

(a) Indian Government

(b) President of India

(c) Chief Justice of India

(d) Reserve Bank of India

(e) Finance Ministry

Q10. As on date, there are _________ Banking Ombudsman centre located in India.

(a) 20

(b) 19

(c) 18

(d) 17

(e) 16

Q11. __________ An asset, including a leased asset, becomes non­ performing when it ceases to generate income for the bank.

(a) NPA

(b) KCC

(c) NPV

(d) GDP

(e) GNP

Q12. NPA stands for- 

(a) National ­performing Assets 

(b) New ­performing Assets 

(c) Non ­production Assets 

(d) Non ­performing Assembly

(e) Non ­performing Assets

Q13. MUDRA is a financial institution has been set up by Government of India for development and refinancing micro-units’ enterprises. What is the meaning of “A” in MUDRA?

(a) Agency

(b) Association

(c) Assembly

(d) Agent

(e) Alert

Q14. MUDRA stands for- 

(a) Micro Units Development & Refinance Agent

(b) Medium Units Development & Refinance Association

(c) Micro Units Department & Refinance Agency 

(d) Micro Units Development & Refinance Agency 

(e) Micro Unique Development & Refinance Assembly

Q15. India was one of the first in Asia to recognise the effectiveness of the EPZ model in promoting exports. EPZ stands for-

(a) Export Point Zone

(b) External Processing Zone

(c) Export Production Zone

(d) Export Processing Zone

(e) Export Processing Zonal

Banking Awareness Questions For NICL AO Mains Exam 2017 (Solutions)

•