Banking Awareness Multiple Choice Questions and Answers for Practice

16. Bank having maximum number of branches in India

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

17. Bank Pass Book is

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

18. Bank provides loans for

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

19. Banks pays interest on

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

20. Business Correspondent means

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

21. Can illiterate person be issued Debit card?

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

22. Coins are issued by

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

23. Contents of locker are

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

24. Currency notes are issued by

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

25. Defaulter of loan means

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

26. E or S means

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

27. Education Loans

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

28. Fixed Deposit can

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 withdrawn before maturity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 not be withdrawn before maturity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

29. General Insurance relates to insurance against

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

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

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