December 04, 2016

Banking Awareness for IBPS PO & Clerk Mains exam #1

Banking Awareness for IBPS Clerk & PO Mains, RBI Assistant & SBI exams

  1. The main function of the banks is _____.
  2. Expand NBFC.
  3. What is a demand deposit?
  4. NBFCs are to be registered with _____.
  5. Venture capital fund, Merchant banking companies, stock broking companies are to be registered with _____.
  6. What are the credit rating agencies in India?
  7. Bank of Bengal in Calcutta was established in _____.
  8. What are the three banks that were merged to form Imperial Bank of India?
  9. Imperial bank of India was renamed as _____.
  10. The Reserve Bank of India started its operations in _____.
  11. Imperial Bank was established in _____.
  12. Imperial Bank was transformed into the State Bank of India with effect from _____.
  13. Number of banks nationalised by government in 1969?
  14. Lead Bank scheme was introduced in _____.
  15. When was the second round of nationalisation of banks done?
  16. What is the committee appointed to review the progress and working of the Indian financial sector and to suggest measures to reform it?
  17. What are the five principles or panchatantra that Indian approach to financial sector reforms in based on?
Banking Awareness for IBPS PO, Clerk mains, SBI, RBI Assistant Exams


  1. Accepting depposits
  2. Non Banking Financial Companies
  3. Deposits which are payable on demand like the savings and the current accounts
  4. Reserve Bank of India
  5. Securites and Exchange Board of India
  7. 1786
  8. Bank of Bengal, Bank of Bombay, Bank of Calcutta
  9. State Bank of India
  10. 1935
  11. 1935
  12. 1955
  13. 14
  14. July 1969
  15. April 1980
  16. Narasimhan committee

    1. Cautious and proper sequencing
    2. Mutually reinforcing measures
    3. Complementarity between reforms in banking sector and changing fiscal, external and monetary policies
    4. Developing financial infrastructure
    5. Developing Financial markets

Present Policy Rates

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