Banking Awareness Questions – Practice Set 94

Banking Awareness Questions. Banking Awareness. General Awareness with special reference to banking industry questions for Bank Exams. Banking Awareness Questions 2013-14 for IBPS PO-III, IBPS Clerk 2013.


ASBA is a mechanism for subscribing to applications in Initial Public Offerings (IPOs). ASBA stands for

In regards to insurance, “A policy provision that allows a policy to be restored from a lapsed status and resume active coverage” is termed as?

“The termination of an insurance policy due to non-payment of premium” is technically called as?

What are ‘Open Market Operations"?

In the opening of Savings Account (few other accounts also) bank ask to write Nominee name. Who shall be nominee?

Which of the following is not a tool in the hands of RBI to control the inflationary pressure in the country ?

Certificate of Deposits have a minimum value of:

Which of the following instruments of credit control adopted by the Reserve Bank of India doesnot fall within 'General' or 'Quantitive' methods of credit control?

On the recommendation of which committee was NABARD established?

Which among the following does not decided the RBI?

67 thoughts on “Banking Awareness Questions – Practice Set 94

  1. can get pdf file of this questions

  2. can i get pdf of these materials???

  3. Can anyone solve my confusion regarding nominee.i think we can nominate anybody we want…??

    • u can nominate only blood relation person and also that person who you know ,

    • yes, section 45ZA in banking regulalation,1949 talks about nomination. you can nominate any non relative also as a nominee

    • Anybody whom you know can be appointed as your Nominee, no need of blood relation, even friends, partners or anybody can be nominee of your account…

    • think like a normal man . if we take village people and uneducated people they don’t know anything so bank say to write close relation people only for there nominee

    • personal relations with that person can be nominee.

    • NOMINEE is that person who will be there to debit money from the account of the person after the death of the account holder it should be BLOOD RELATION for best cases..

      # it is higly misunderstood in the local usage as a person who will only take the responsibility of the account holder in case of fraudleunt activities ..but bank terminologies doesnt support it..upgrade it

    • chandan gupta says:

      See, Bankers should , by virtue of due diligence and legality , accept only close relative but… far as applicant’s choice is concernd any body can be the nominee and a bank had to accept with no choice.
      I have faced many such cases. Any body can be the nominee.

    • Nope, u can’t make nominate any one ,

      U can nominate only family members or blood relation persons .

    • yes we can nominate any person we want
      but at the time of payment the legal heirs has a right to get the amount deposited in the a/c

  4. 6/10

  5. Hello admin, thank u for the materials & tips. On this Sunday SEBI OFFICER- GRADE A (GENERAL STREAM) is to be conducted. I have searched all through but didn’t found any previous material or papers. I think its for the first time. I can’t predict about G.K. section, will u please help us… on the relevant matter…???

  6. 9/10

  7. 10 out of 10

  8. 4 out of 10

  9. who decides base rate?
    and what is diff b/w base and bank rate ?
    tell me friend

    • prashant singh says:

      base rate is the rate below which commercial banks cant lend and at bank rate rbi release funds for commercial banks for long period of time

    • BASE RATE is individually decided by each commercial bank after looking their credit in the respective bank ..
      bank cant lend LOAN below this rate at any cost .
      # special case ; sometimes RBI give the permission to provide loan at a rate lower than base rate ,,but ir requires a statement from the RBI to BANK .

      BANK RATE is decided by RBI ,also called DISCOUNT RATE

  10. i want to take printout of banking awerness practice sets how can i downlode

  11. thanks admin

  12. nice question thanks admin 🙂

  13. 8/10

  14. in saving account “nominee” can be any person whom you trust.
    please make correction Admin.

  15. nice qus.n…….

  16. cheena sharma says:

    9/10 thnx..!!!!!1

  17. 9 out of 10

  18. Lokesh Hersal says:

    what is the meaning of CAR in the last question…and base rate does not decided by the RBI…????

  19. 4/10 just passed

  20. Prashant Sahu says:

    9 out of 10

  21. CAR is Capital Adequacy Ratio and i don’t think it is decided by RBI..
    while i thought base rate is actually decided by RBI ..i am confused now.. 🙁

  22. pl some one send me present committes pl pl pl pl pl pl pl pl pl pl……….

  23. according to RBI recent changes, for Saving A/c nominee is not required……

  24. battula kasi viswanadham says:

    very useful to me and thank you somuch

  25. set 94 question no 10 answer is wrong..base rate is decided by RBI only..the ans will be CAR which is not decided by d RBI

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