Banking Awareness Practice Set on Banking Structure in India

Banking Structure in India? 1. What is the current number of Local Area Banks in India? a. Four b. Seven c. Eight d. Six Answer: Four Explanation: As of May 2015, these four local area banks are: 1.Coastal Local Area Bank Ltd ? Vijayawada (Andhra Pradesh) 2.Capital Local Area Bank Ltd ? Phagwara (Punjab) 3.Krishna […]

Banking Practice Set on Credit Card, Visa or Bank Card

1. What do you mean by an Affinity Card while talking in reference to bank__ a. The Credit Cards that are linked to special organizations b. The Credit Cards with zero interest rate on repayments c. The Credit Cards exclusively for the Bank?s employees d. All of above Answer:?Option a 2. Name the credit card […]

Banking Practice Set on History of Banking in India

1. The first bank of India ?Bank of Hindustan? was established in which year? a. 1870 b. 1770 c. 1795 d. 1880 Answer: ?1770 Explanation: Bank of Hindustan was the first bank in India that was established in 1770 and it was opened at Calcutta under European nation authority. Amazingly, Bank of Hindustan was liquidated […]

Target IBPS Exam 2015: Banking Awareness Practice Set

Competition Gurukul is presenting the practice set on Banking Awareness in this blog in order to?give the final touch to Banking Exam 2015 Aspirants. This practice set is valid for IBPS, IBPS PO and RRB. 1. Which of the following statements is incorrect regarding RTGS system? i) The transactions take place in real time ii) […]

What Is Repo Rate? – Check Your Banking Awareness

The questions related to repo rate & reverse repo rate are always asked in exam. So they are considered as the HOT TOPICSS of any Bank exam – whether IBPS, SBI, NABARD etc. Do you Know what the situation would be if banks run out of money? We know that is a very difficult situation […]