Check Top Banking GK Quiz 2020 With Answers – Important GK Question For All Bank Exam

Here are the Top Banking GK Quiz 2020, which will be asked in Banking Exam 2020. You can check the solution of these questions on our mobile app Rattu Tota or from our official website Check Other Important Quiz: Important Indian Constitution Quiz 2020, Rajasthan Patwari Quiz 2020

1.Which of the following public sector banks has the largest number of branches in foreign countries?
  • ABank of India
  • BBank of Baroda
  • CPunjab National Bank
  • DCorporation Bank

AnswerBank of Baroda

2.The only merger of two public sector banks took place between
  • ABank of India and New Bank of India
  • BPunjab National Bank and New Bank of India
  • CAllahabad Bank and United Bank of India
  • DPunjab National Bank and Bank of Rajasthan

AnswerPunjab National Bank and New Bank of India

3.Which of the following banks was inaugurated by Mahatma Gandhi in 1919?
  • ABank of Maharashtra
  • BBank of Baroda
  • CState Bank of Saurashtra
  • DUnion Bank of India

AnswerUnion Bank of India

4.After State Bank of India, which of the following banks has the largest number of offices
  • APunjab National Bank
  • BBank of India
  • CAndhra Bank
  • DCanara Bank

AnswerPunjab National Bank

5.Which of the following rates are reviewed by the RBI at the time of periodical review of the policy?
  • ABank Rate
  • BRepo rate
  • CSavings bank rate
  • DAll the three

AnswerAll the three

6.What are teaser loan rates charged by banks?
  • ARate of interest which is competitively changed in relation to other banks
  • BFloating rate of interest charged by banks
  • CLow rate of interest in the initial period which goes up subsequently
  • DHigher rate of interest in the initial period which goes down subsequently

AnswerLow rate of interest in the initial period which goes up subsequently

7.Which of the following terms is used in banking field?
  • AInterest rate swap
  • BInput devices
  • CSedimentary
  • DZero Hour


8.Expand the term EMI as used in banking/finance sector?
  • AEasy Monthly Instalment
  • BEqual Monthly Investment
  • CEquated Monthly Instalment
  • DEquated Mortgage Investment

AnswerEquated Monthly Instalment

9.Bank rate is decided by which of the following?
  • AReserve Bank of India
  • BGovernment Of India
  • CState Bank of India
  • DSecurities and Exchange Board of India

AnswerReserve Bank of India

10.With which of following types of loans are teaser rates related?
  • AHome loans
  • BPersonal loans
  • CAuto loans
  • DReverse mortgage loans

AnswerHome loans

11.What does M in M-Banking Facility being offered by banks to their customers, stand for
  • AMoney
  • BMarginal
  • CMessage
  • DMobile Phone

AnswerMobile Phone

12.Which of the following is/are true about the Sub-Prime Crisis
  • AIt is a mortgage crisis referring to credit default by the borrowers
  • BSub-Prime borrowers were those borrowers who were rated low and were high risk borrowers
  • CThis crisis originated because of negligence in credit rating of the borrowers
  • DAll 1, 2, and 3

AnswerAll 1, 2, and 3

13.At which of the following cities is the Head Office of Reserve Bank of India located?
  • AMumbai
  • BNew Delhi
  • CKolkata
  • DDehradun


14.The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called
  • ACash reserves
  • BDeposit reserves
  • CExcess reserves
  • DMomentary reserves

AnswerExcess reserves

15.In which year was the Imperial Bank of India rechristened as State Bank of India
  • A1955
  • B1957
  • C1962
  • D1965


16.Banking in India is controlled by
  • AReserve Bank of India
  • BUnion Finance Commission
  • CUnion Ministry of Finance
  • DUnion Ministry of Commerce

AnswerReserve Bank of India

17.The Imperial Bank of India, after its nationalization came to be known as
  • AReserve Bank of India
  • BState Bank of India
  • CUnited Bank of India
  • DIndian Overseas Bank

AnswerState Bank of India

18.Regional Rural Banks are sponsored by
  • ANationalised Commercial Bank
  • BReserve Bank of India
  • CState Bank of India
  • DGovernment of India

AnswerNationalised Commercial Bank

19.Which is the country’s third largest private sector lender whose name has been officially changed to the Axis Bank ltd. ?
  • AHDFC Bank
  • BLord Krishna Bank
  • CCenturion Bank
  • DUTI Bank

AnswerUTI Bank

20.In which year was the Reserve Bank of India established ?
  • A1935
  • B1947
  • C1949
  • D1952


21.Expand the term LIBOR as used in financial banking sectors?
  • ALocal Indian Bank Offered Rate
  • BLondon-India Bureau Of Regulations
  • CLiberal International Bank Official Ratio
  • DLondon Inter Bank Offered Rate

AnswerLondon Inter Bank Offered Rate

22.Which of the following is the apex institution which handles refinance for agriculture and rural development in India?
  • ARBI


23.In which denomination were India's first bimetallic coins issued in the year 2009?
  • ARs. 100
  • BRs. 5
  • CRs. 10
  • DRe. 1

AnswerRs. 10

24.Which of the following is not the function of the Reserve Bank of India ?
  • AActing as banker to the Government
  • BKeeping of Foreign Exchange Reserve
  • CIssuing of one rupee notes and coins
  • DRegulating credit in the country

AnswerIssuing of one rupee notes and coins

25.With which of the following is SARFAESI Act 2002 related?
  • ARecovery of bad loans
  • BRegulation of Foreign Exchange
  • CFixation of interest rates
  • DAcquisition of small banks

AnswerRecovery of bad loans

26.Who was the first person to win the Nobel prize for Peace ?
  • AHenry Dunant
  • BLinus Pauling
  • CMartin Luther King
  • DJin F. Dunant (Switzerland)and Frederic Perry (France)

AnswerHenry Dunant

27.Who won the first Nobel prize for Literature?
  • ASully Prudhomme
  • BTheodor Mommsen
  • CFrédéric Mistral
  • DBjørnstjerne Bjørnson

AnswerSully Prudhomme

28.Which is the World's Largest Bank?
  • ABank Of China
  • BReserve Bank of India
  • CSwitzerland Bank
  • DNone of These

AnswerBank Of China

29.Who won the first Nobel prize for physics?
  • AJohn Bardeen
  • BJames Peebles
  • CJ.H. Wenthoff of Howland
  • DNone of These

AnswerJ.H. Wenthoff of Howland

30.Which is the Largest Bank in the World by Revenue?
  • AIndustrial & Commercial Bank of China
  • BJPMorgan Chase, US
  • CBank of America, US
  • DAgricultural Bank of China

AnswerIndustrial & Commercial Bank of China