Banking Awareness Multiple Choice Questions and Answers for Practice

16. Bank having maximum number of branches in India

1. Reserve Bank of India
2. State Bank of India
3. Punjab National Bank
4. Bank of Baroda

17. Bank Pass Book is

1. Issued by Bank
2. Contains transaction detailsof Bank account
3. Shows balance in account
4. All of above

18. Bank provides loans for

1. Home
2. Car
3. Education
4. All of above

19. Banks pays interest on

1. Deposits
2. Loans
3. Both a and b
4. None of above

20. Business Correspondent means

1. An agent who provides banking services
2. An agent of business house
3. A type of money lender
4. None of above

21. Can illiterate person be issued Debit card?

1. No
2. Yes
3. Only in case of joint account
4. Only in case he is head of family

22. Coins are issued by

1. Government of India
2. NABARD
3. Public sector banks
4. State Bank of India

23. Contents of locker are

1. only known to hirer
2. known to Bank
3. Both a and b
4. None of above

24. Currency notes are issued by

1. RBI
2. NABARD
3. Public sector banks
4. Central Government

25. Defaulter of loan means

1. Not paying loan instalments
2. Bad reputation
3. Illegal activities
4. None of above

26. E or S means

1. East or South zone
2. Easy and Swift
3. Either or Survivor
4. None of above

27. Education Loans

1. Cover tuition fee & expenses
2. Are repayable after completion of course
3. Granted for studies in India & abroad
4. All of above

28. Fixed Deposit can

1. not be withdrawn before maturity
2. paid only after maturity
3. withdrawn before maturity
4. All of above

29. General Insurance relates to insurance against

1. Fire
2. Theft
3. Burglary
4. All of above

30. Gold and silver ornaments should be kept in bank lockers

1. It is safe
2. No risk of theft
3. Both a and b
4. None of above