Banking - General Knowledge Questions

1 .

The Institute for Development and Research in Banking Technology (IDRBT) is a banking research institute established by Reserve Bank of India (RBI). It is located

Chennai, Tamil Nadu

Mumbai, Maharashtra

Pune, Maharashtra

Hyderabad, Telangana

Correct Answer : Hyderabad, Telangana

2 .

The last six characters of the alphanumeric IFSC printed on the cheques helps in identifying the

Bank branch

Bank name

Type of account

Business or profession

Correct Answer : Bank branch

3 .

Which one of the following is not a function of commercial bank?

Issuing currency

Credit creation

Issuing travelers cheque

None of the above

Correct Answer : Issuing currency

4 .

Which of the following is not the function of Reserve Bank of India (RBI)?

Banker to Government

Issue of bank notes

To open saving bank account for general public

Custodian of cash reserves of Commercial Banks

Correct Answer : To open saving bank account for general public

5 .

The Bandhan Banking Limited is an Indian banking and financial services company Headquartered in

Kolkata, West Bengal

Mumbai, Maharashtra

Chennai, Tamil Nadu

New Delhi, Delhi

Correct Answer : Kolkata, West Bengal

6 .

The Central Banking Functions in India are performed by

Central Bank

SBI

Both (A) and (B)

RBI

Correct Answer : RBI

7 .

Which was the first private sector bank in India ?

Catholic Syrian Bank

Nedungadi Bank

City Union Bank

Nainital Bank

Correct Answer : Nedungadi Bank

8 .

Where is the headquarters of Credit Saison India, which has received a non-banking financial company (NBFC) licence from the Reserve Bank of India?

New Delhi

Kolkata

Bengaluru

Patna

Correct Answer : Bengaluru

9 .

Where is the headquarters of Lakshmi Vilas Bank situated?

Bengaluru

Chennai

Nagpur

Kolkata

Correct Answer : Chennai

10 .

Which of these banks has launched a fixed deposit scheme called FD Health?

ICICI Bank

IDBI Bank

Syndicate Bank

HSBC Bank

Correct Answer : ICICI Bank

Private sector's largest Commercial Bank ICICI bank launched 'FD Health' on October 14, 2019 under which a Fixed Deposit offered the dual benefit of investment growth via FD and protection through a critical illness cover. The customers are being offered the insurance cover free of cost for the first year and thereafter they can renew it.