Banking Awareness Quiz for IBPS PO / SBI PO 2017

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 is not an Associate Bank of SBI? 
(a) State Bank of Bikaner & Jaipur 
(b) State Bank of Travancore 
(c) State Bank of Mysore 
(d) State Bank of Rajasthan
(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. RBI was established (April 1, 1935) under which of the following Acts? 
(a) Reserve Bank of India Act, 1934
(b) Reserve Bank of India Act, 1926 
(c) Banking Regulation Act, 1949 
(d) Negotiable Instrument Act, 1881 
(e) None of the given options is true

Q7. Who was the first Indian governor of RBI? 
(a) Osborne Smith 
(b) C D Desmukh
(c) James Taylor 
(d) Bimal Jalan
(e) None of the given options is true

Q8. In which year RBI was nationalized? 
(a) 1955 
(b) 1949
(c) 1947 
(d) 1980 
(e) None of the given options is true

Q9. Which one of the following rates is not decided by RBI? 
(a) Repo rate 
(b) Base rate
(c) Bank rate 
(d) MSF
(e) None of the given options is true

Q10. Every bank wishing to commence banking business in India is required to obtain a licence from?
(a) Government of India, Ministry of Finance 
(b) Government of India, Company Law Board 
(c) Reserve Bank of India 
(d) Registrar of Companies
(e) None of the given options is true



ANSWERS :

1. c
2. c
3. d
4. d
5. a
6. a
7. b
8. b
9. b
10.c

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