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Bank PO general knowledge question 2015

Banking Awareness for IBPS 2015, SBI PO Examination 2015-16 IBPS 2016 Recruitment for Probationary Officers with Multiple Choice Questions on Structure of Banking in India

  1. What is the share of the Foreign Banks in the branch network in India? – Less then 1% (

    Foreign Banks account for less than 1% of the total branch network in the country. )
  2. Which of the following bodies regulates the Regional Rural Banks? – NABARD
    They are regulated by NABARD; which is a subsidiary of RBI. Other banks are regulated by RBI directly.

     

  3. Nainital Bank is a subsidiary of which of the following banks?  – Bank of Baroda
  4. In which year, Cooperative Societies Act was enacted ? – 1912
  5. Bank branches are established under which section of Banking Regulations Act, 1949? – Section 23
    Branch banking involves business of banking via branches. The branches are set up under Section 23 of Banking Regulations Act, 1949.

     

  6. In which country, the Unit Banking System originated?- United States
    Unit banking is a system of banking which originated in US. It is a limited way of banking where banks operate only from a single branch (or a few branches in the same area) taking care of local community.

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