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General Knowledge :: Banking Awareness

  1. Ultimate controller of Bank Deposits is?

  2. A.

     RBI

    B.

     Finance Secretary

    C.

     Ministry of Finance

    D.

     Controller of Deposits


  3. Which among the following accounts deposit fetch the highest rate of interest?

  4. A.

     Savings deposit

    B.

     Recurring deposit

    C.

     Fixed deposit

    D.

     Current account deposit


  5. Banks usually collect penal rate of interest on ____ for the premature withdrawal of fixed deposits?

  6. A.

     Principal

    B.

     Rate of interest

    C.

     Minimum deposit amount

    D.

     Maturity amount


  7. Fixed deposits can have

  8. A.

     Nomination facility

    B.

     Nomination facility with the permission of Bank Chairman

    C.

     Nomination facility by taking special permission from bank

    D.

     Nomination facility on the day of closing


  9. As per the direction of RBI on 29 October 2013, the banks can pay rate of interest on Fixed deposits'?

  10. A.

     At intervals shorter than quarterly intervals also

    B.

     Pay on quarterly basis alone

    C.

     On half yearly basis only

    D.

     As per the direction of government of India


  11. Idea of insuring deposits kept with banks received attention for the first time in the year 1948 after the banking crises in?

  12. A.

     Maharashtra

    B.

     Karnataka

    C.

     AP

    D.

     Bengal


  13. Which committee first time in India supported the concept of Insuring Deposits?

  14. A.

     Rural Banking Deposit Committee

    B.

     Urban Banking Enquiry Committee

    C.

     Rural Banking Enquiry Committee

    D.

     SBI Rural Banking Enquiry Committee


  15. The Deposit Insurance Act came in to force in on 1st January

  16. A.

     1954

    B.

     1948

    C.

     1979

    D.

     1962


  17. Each depositor in a bank is insured up to a maximum of ....... by Deposit Insurance and Credit Guarantee Corporation (DICGC)?

  18. A.

     Rs. 2 lakh

    B.

     Rs.3 lakh

    C.

     Rs.5 lakh

    D.

     Rs.1 lakh


  19. DICGC is the wholly owned subsidiary of?

  20. A.

     SBI

    B.

     NABARD

    C.

     Union Government

    D.

     RBI