In what ratio is the share capital of a Regional Rural Bank held by the Centre, the sponsor bank and the state government?
Correct answer D. 50:35:15
Topic / 50 questions
Banking Awareness MCQs
Page 2 of Banking Awareness multiple-choice questions with answers. Tap an option to check yourself.
Page 2 of 3
Which institution sits at the base of India’s three-tier short-term rural cooperative credit structure?
Correct answer C. Primary Agricultural Credit Society
The Lead Bank Scheme, under which a bank coordinates credit in a district, was introduced in which year?
Correct answer D. 1969
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Which committee on financial inclusion submitted its report in 2008?
Correct answer D. C. Rangarajan Committee
The Basic Savings Bank Deposit (BSBD) account offered by banks is notable for which feature?
Correct answer C. No minimum balance requirement
How are transactions settled in the NEFT system?
Correct answer B. In half-hourly batches
A loan becomes a non-performing asset when interest or principal remains overdue for more than how many days?
Correct answer B. 90 days
Under RBI asset classification norms, an asset that has remained an NPA for a period of up to 12 months is classified as what?
Correct answer C. Sub-standard asset
Which Act allows banks to take possession of secured assets of defaulting borrowers without court intervention?
Correct answer C. SARFAESI Act, 2002
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Asset Reconstruction Companies in India are registered under which law?
Correct answer D. SARFAESI Act, 2002
In which year was the Insolvency and Bankruptcy Code enacted?
Correct answer B. 2016
Which body is the adjudicating authority for corporate insolvency cases under the IBC?
Correct answer D. National Company Law Tribunal
As originally enacted, the IBC required the corporate insolvency resolution process to be completed within how many days, extendable by 90 days?
Correct answer C. 180 days
Which body regulates insolvency professionals and agencies under the IBC?
Correct answer C. Insolvency and Bankruptcy Board of India
A bank with a high CASA ratio typically benefits from what?
Correct answer D. Lower cost of funds
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What is the minimum amount that can be transferred through RTGS?
Correct answer C. Rs 2 lakh
In the 1969 nationalisation, banks above what level of deposits were taken over?
Correct answer A. Rs 50 crore
On which date were 14 major commercial banks nationalised in India?
Correct answer B. 19 July 1969
How many banks were nationalised in the second round of nationalisation in 1980?
Correct answer B. Six
The State Bank of India was created in 1955 by taking over which bank?
Correct answer C. Imperial Bank of India