Q.81
Easy
Which of the following banks is NOT a public sector bank?
A
Punjab National Bank
B
Canara Bank
C
Axis Bank
D
Indian Bank
Correct Answer:
C. Axis Bank
Explanation:
Axis Bank is a private sector bank. Punjab National Bank, Canara Bank, and Indian Bank are all public sector banks promoted by the Government of India.
Q.82
Easy
Which of the following is the regulatory body that oversees the payment and settlement systems in India?
A
NPCI
B
SEBI
C
RBI
D
IRDA
Explanation:
The Reserve Bank of India (RBI) oversees payment and settlement systems in India. NPCI is a subsidiary of RBI that operates retail payment systems.
Q.83
Easy
What is the full form of RTGS, which is used for large value fund transfers in India?
A
Real Time Gross Settlement
B
Rapid Transfer Gross System
C
Real Transaction Gross Settlement
D
Regulated Transfer Gross System
Correct Answer:
A. Real Time Gross Settlement
Explanation:
RTGS stands for Real Time Gross Settlement, which is used for settlement of large value transactions on a real-time basis.
Q.84
Easy
What is the primary objective of the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
A
To provide credit facilities to banks
B
To insure deposits and guarantee credits of banks
C
To regulate the banking sector
D
To monitor stock market operations
Correct Answer:
B. To insure deposits and guarantee credits of banks
Explanation:
DICGC's primary objective is to insure deposits of depositors and guarantee credits of banks up to specified limits.
Q.85
Easy
Which of the following is NOT a function of the RBI?
A
Issuing currency notes
B
Regulating monetary policy
C
Managing stock exchanges
D
Acting as banker to the government
Correct Answer:
C. Managing stock exchanges
Explanation:
Stock exchanges are regulated by SEBI, not RBI. RBI issues currency, regulates monetary policy, and acts as banker to the government.
Q.86
Easy
Which of the following is a features of a current account opened in banks?
A
No limit on number of transactions
B
Earns interest on deposits
C
Overdraft facilities available
D
Both A and C
Correct Answer:
D. Both A and C
Explanation:
Current accounts have no transaction limits and overdraft facilities. However, they do not earn interest on deposits.
Q.87
Easy
Which of the following is a feature of digital banking in India's financial inclusion drive?
A
Reduced transaction costs
B
24/7 accessibility to banking services
C
Access to banking for unbanked populations
D
All of the above
Correct Answer:
D. All of the above
Explanation:
Digital banking provides reduced costs, 24/7 access, and enables financial inclusion for unbanked populations through mobile and internet banking.
Q.88
Easy
Which of the following is NOT a type of deposit account offered by commercial banks?
A
Recurring Deposit Account
B
Fixed Deposit Account
C
Perpetual Deposit Account
D
Savings Deposit Account
Correct Answer:
C. Perpetual Deposit Account
Explanation:
Perpetual Deposit Account is not a standard deposit category. Banks offer Savings, Current, Fixed, and Recurring deposits.
Q.89
Easy
What is the primary objective of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?
A
To provide life insurance to poor households
B
To ensure financial inclusion through universal access to banking services
C
To regulate credit card issuance
D
To monitor stock market transactions
Correct Answer:
B. To ensure financial inclusion through universal access to banking services
Explanation:
PMJDY aims at financial inclusion by providing zero-balance bank accounts and access to banking services for all.
Q.90
Easy
What is the full form of SWIFT in banking operations?
A
Secure World Internet Financial Transfer
B
Society for Worldwide Interbank Financial Telecommunication
C
Standard Worldwide International Financial Technology
D
Systematic World Inter-Financial Transfer
Correct Answer:
B. Society for Worldwide Interbank Financial Telecommunication
Explanation:
SWIFT is the Society for Worldwide Interbank Financial Telecommunication, used for secure international fund transfers.
