Banking GK Questions With Answers
31. What is the premium amount of Pradhan Mantri Suraksha Bima Yojana?
- A) ₹5 per annum
- B) ₹12 per annum
- C) ₹100 per annum
- D) ₹500 per annum
B) ₹12 per annum
Explanation: The Pradhan Mantri Suraksha Bima Yojana has a premium of ₹12 per annum.
32. A bond issued at a discount and repaid at its face value?
- A) Convertible bond
- B) Zero-coupon bond
- C) Floating-rate bond
- D) Fixed-rate bond
B) Zero-coupon bond
Explanation: Zero-coupon bonds are issued at a discount and repaid at face value.
33. The nationalization of major commercial banks took place in___
- A) 1955
- B) 1969
- C) 1978
- D) 1980
B) 1969
Explanation: The major commercial banks in India were nationalized in 1969.
34. The rate at which RBI gives short-term loan to commercial banks is called____
- A) Bank Rate
- B) Repo Rate
- C) Reverse Repo Rate
- D) Cash Reserve Ratio
B) Repo Rate
Explanation: The Repo Rate is the rate at which the RBI lends short-term money to commercial banks.
35. The export-import bank of India was set up in?
- A) 1980
- B) 1982
- C) 1985
- D) 1991
B) 1982
Explanation: The Export-Import Bank of India was established in January 1982.
36. The rate below which banks can not generally lend is called as______
- A) Base Rate
- B) Cash Reserve Ratio
- C) Statutory Liquidity Ratio
- D) Prime Lending Rate
A) Base Rate
Explanation: The Base Rate is the minimum rate below which banks are not permitted to lend.
37. Insurance cover for bank deposits in our country is provided by____
- A) LIC
- B) GIC
- C) DICGC
- D) IRDA
C) DICGC
Explanation: Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance cover for bank deposits.
38. The term ‘Plastic money’ refers to___
- A) Banknotes
- B) Credit and Debit Cards
- C) Cheques
- D) Coins
B) Credit and Debit Cards
Explanation: Plastic money commonly refers to credit and debit cards.
39. What is the total number of languages on currency notes issued by the Reserve Bank of India?
- A) 10
- B) 12
- C) 15
- D) 17
D) 17
Explanation: Indian currency notes have 17 languages including English and Hindi.
40. FDI in private banking sector of India is allowed up to___
- A) 26%
- B) 49%
- C) 74%
- D) 100%
C) 74%
Explanation: Foreign Direct Investment (FDI) is allowed up to 74% in the private banking sector of India.
