PSC Repeated Questions on Banking & Finance

Previous Year Repeated PSC Questions - Banking & Finance
This post lists some of the previous years' repeated PSC questions and answers on 'Banking & Finance.'

Banking & Finance

History

  • The first bank in Kerala is – Nedungadi Bank. (Previous Year PSC Question – Stenographer, Drugs & Pharmaceuticals Ltd, 2014)
  • Negotiable Instrument Act was passed in1881. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
    • Holidays are declared to banks underNegotiable Instrument Act. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
  • When Indian Banking Act came into force – 1949. (Previous Year PSC Question – Junior Clerk Cooperative Service Exam Board, 2014, Junior Clerk, Primary Co-operative Banks, 2016, Lab Technical Assistant, Banking Assistance(VHSE) 2015)
  • Which of the following institutions was established under an act of parliament in 1988National Housing Bank. (Previous Year PSC Question – Assistant Town Planner, Town & Country Planning, 2015)
  • IDBI established in1964. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
  • NABARD stands forNational Bank for Agriculture and Rural Development. (Previous Year PSC Question – Clerk/Cashier, 2015)
    • National Bank for Agriculture and Rural Development was established in1982. (Previous Year PSC Question – Electrician/ Pump Operator, Revenue, 2015)
    • The Chairman of NABARD is appointed by – Govt. of India. (Previous Year PSC Question – Junior Clerk, Primary Co-operative Banks, 2016, Lab Technical Assistant, Banking Assistance(VHSE) 2015)
    • Which of the following bodies regulates the Regional Rural Banks? – NABARD. (Previous Year PSC Question – Secretary Co-operative Societies/Banks, 2019)
  • In 1955, Imperial Bank of India was nationalized and renamed as – State Bank of India. (Previous Year PSC Question – Junior Instructor, 2016)
    • Imperial Bank of India is now known as – State Bank of India. (Previous Year PSC Question – Assistant Grade II, Kerala Forest Development Corporation 2016)
    • SBI associate banks were nationalized on – 1959. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
  • Export Import Bank of India was set up in 1982 as a wholly-owned undertaking of theGovernment of India. (Previous Year PSC Question – Assistant Manager (F& A), Kerala State Co-operative Consumer’s Federation Ltd, 2014)
    • The bank set up with the aim of giving a boost to the country’s export and importEXIM Bank. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
  • The headquarters of SIDBI is atLucknow. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
    • Principal Financial Institution for the promotion financing and development of Small Scale IndustriesSIDBI. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
  • Name the first woman head of the State Bank of IndiaArundhati Bhattacharya. (Previous Year PSC Question – Divisional Accountant, Water Authority Preliminary Exam, 2014)
  • The first Bank in India got the ISO certificateCanara Bank. (Previous Year PSC Question – Beat Forest Officer, 2016)
  • The first Mahila bank of the country named Bharatiya Mahila Bank was inaugurated in2013. (Previous Year PSC Question – Assistant Manager (F& A), Kerala State Co-operative Consumer’s Federation Ltd, 2014)

Banking Terminologies

  • KYC in banking terminology means – Know Your Customer. (Previous Year PSC Question – Junior Clerk, Primary Co-operative Banks, 2016)
  • In banking ATM stands for Automatic Teller Machine. (Previous Year PSC Question – Excise Guard /Women Excise Guard, Excise [Palakad, Thrissur], 2014)
  • PIN banking terminology means – Personal Identification Number. (Previous Year PSC Question – Junior Clerk, Primary Co-operative Banks, 2016)
  • IFSC in banking terminology means – Indian Financial System Code. (Previous Year PSC Question – Junior Clerk, Primary Co-operative Banks, 2016)
  • Alphanumeric code that identifies a bank-branch participating in the interbank electronic fund transfer – IFSC. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
  • In Banking, LBS refers to – Lead Bank Scheme. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
  • NPA in banking terminology means – Non-Performing Asset. (Previous Year PSC Question – Junior Clerk, Primary Co-operative Banks, 2016)
  • The assets of the bank which does not generate any income – Non-Performing Asset. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
  • What is ASBA in E-invest?Applications supported by Blocked Amount. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
  • NEPT and RTGS in banking terminology speaks of – Electronic Fund transfer from bank to bank. (Previous Year PSC Question – Secretary Cooperative Service Exam Board 2014)
  • In E-Banking RTGS stands for – Real-Time Gross Settlement. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
  • CORE in CORE Banking stands for – Centralized Online Real-time Exchange. (Previous Year PSC Question – Data Entry Operator-Co-operative Banks/Societies, 2018)

General

  • The study and collection of paper currency and banknotes is – Notaphily. (Previous Year PSC Questions: Computer Assistant, 2016)
  • Largest public sector bank in India – State Bank of India. (Previous Year PSC Question – Lab Technical Assistant, Banking Assistance(VHSE) 2015)
  • Total number of Nationalized Banks in India – 12.* (Previous Year PSC Question – Civil Excise Officer(Women Excise Guard), 2014)
  • How many Banks were first Nationalized14. (Previous Year PSC Question – Junior Clerk Cooperative Service Exam Board, 2014, Laboratory Technical Assistant – Banking Assistance(VHSE) 2015)
    • The year in which the fourteen Indian Commercial Banks were nationalized – 1969. (Previous Year PSC Questions: Junior Instructor(Electrician), Industrial Training, 2017)
  • The 14 major Indian banks were nationalized during which five-year plan – Fourth. (Previous Year PSC Question – Assistant to Pharmacognosy Officer - Ayurveda Medical Education, 2019)
  • Banknote of one rupee issued by – Government of India. (Previous Year PSC Question – Clerk/Cashier, 2015)
  • Who is the signatory on the one rupee note of India Finance Secretary of Ministry of Finance. (Previous Year PSC Question – Excise Guard /Women Excise Guard, Excise (Palakad, Thrissur), 2014)
  • Where is the headquarters of World Bank Washington. (Previous Year PSC Question – LD Typist/ Clerk Typist/ Typist Clerk 2016)
  • Headquarter’s of Asian Development Bank Manila, Philippines. (Previous Year PSC Question – Excise Guard /Women Excise Guard, Excise (Palakad, Thrissur), 2014, Junior Clerk, Primary Co-operative Banks, 2016)
  • BRICS leaders signed the agreement to establish a New Development Bank at the summit held in Fortaleza, Brazil (2014). (Previous Year PSC Question – Women Civil Excise Officer, 2018)
  • The headquarter of the New Development Bank is in Shanghai. (Previous Year PSC Question – Data Entry Operator, 2016)
  • Who among the following is the first Chairman of the New Development Bank(NDB) K.V. Kamath. (Previous Year PSC Questions: HSST Mathematics, 2016)
  • Which of the following is the Multilateral Bank operated by BRICS states? (PreviousYear PSC Question – Electrician Grade II, Kerala Ceramics, 2015)
    • (A) Development Credit Bank (B) National Development Bank (C) New Development Bank (D) Asian Development Bank
  • The Prime Minister’s Scheme ‘Bank Account for All’ is known as – Jan Dhan Yojna. (Previous Year PSC Questions: – Laboratory Technical Assistant – Banking Assistance(VHSE) 2015)
  • Creation of Micro Units Development Refinance Agency (MUDRA) Bank was announced with the corpus of 20000 Crores. (Previous Year PSC Question – Tradesman-Wireman 2016)
  • Mudra Bank was launched by Prime Minister on 8th April 2015. (PreviousYear PSC Question – Data Entry Operator- Co-operative Banks/Societies, 2019)
  • Which one of the following public sector banks emblem figures a dog and the words Faithful’ Friendly’ in it? (Previous Year PSC Questions: Assistant Transport Officer, KSTRC, 2016)
    • (A) Canara Bank (B) Punjab National Bank (C) State Bank of India (D) Syndicate Bank
  • Which bank has tied up with Bajaj Alliance Life insurance to provide insurance to all India Post Payment Bank. (Previous Year PSC Question – Junior Clerk, Cooperative Service Exam Board, 2019)
  • _____ Banks are also known as Investment Banks Industrial Banks. (Previous Year PSC Question – Junior Clerk, Primary Co-operative Banks, 2016)
  • Name the robot has been introduced by Kumbakonam based City Union Bank to Improve customer Service Cub-Lakshmi. (Previous Year PSC Question – Civil Excise Officer , 2017)
  • The ‘Rupay’ card dedicated to India by honorable President of India, Pranab Mukherjee at Rashtrapati Bhavan on May 8th, 2014. (Previous Year PSC Questions: Laboratory Technical Assistant – Banking Assistance(VHSE) 2015)
  • Indian Domestic Card Scheme ‘Rupay’ conceived and launched by – National Payment Corporation of India. (Previous Year PSC Question – Laboratory Technical Assistant – Banking Assistance(VHSE) 2015)
  • The Government of India proposed the merger of how many banks to create India’s third-largest Bank? 3. (Previous Year PSC Question – Junior Clerk, Cooperative Service Exam Board, 2019)
  • KIIFB stands for– Kerala Infrastructure Investment Fund Board. (Previous Year PSC Questions: Assistant Manager(Production)-Pharmaceutical Corporation(IM) Kerala Ltd, 2019)
  • ____ was appointed to study about there organization of the Co-operative banking system in Kerala – Renjith Committee. (Previous Year PSC Question – Clerk/Cashier, 2015)
  • The Kerala State Co-operative Bank was focused in the year – 1956. (Previous Year PSC Question – Junior Clerk, Primary Co-operative Banks, 2016)
  • Kerala Gramin Bank Sponsored by – Canara Bank. (PreviousYear PSC Question – Laboratory Technical Assistant – Banking Assistance(VHSE) 2015)
  • Whose credit card is SAMRIDHI CARD – Kerala State Co-operative Bank. (PreviousYear PSC Question – Secretary, Primary Co-operative Societies 2015)
  • Which social reformer of Kerala started an Agricultural Bank namely “Uralunkal Aikyananya Sangham”– Vagbhadananda. (Previous Year PSC Question – Junior Instructor-Wireman, Industrial Training, 2016)
  • The Author of ”People's bank for Northern India” is – Mr. Duperman. (Previous Year PSC Question – Clerk/ Cashier, District Co-operative Bank, 2015, Data Entry Operator-Co-operative Banks/Societies, 2018)

* Updated according to the current statistics
** First RBI Governor - Osborne Smith

Thanks for reading!!!

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