- → Common Topics in Competitive and Entranc...
- → Banking Awareness
- → Set 1
Take a Test Download as PDF
1. | Banking Ombudsman Scheme is applicable to thebusiness of . |
A. | All scheduled commercial banks excluding RRBs |
B. | All scheduled commercial banks including RRBs |
C. | Only Public Sector Banks |
D. | Only Private Sector Banks |
E. | All scheduled banks except private banks |
Answer» B. All scheduled commercial banks including RRBs |
discuss
2. | Which of the following functions are not being performed by the Reserve Bank of India? |
A. | Regulation of Banks in India |
B. | Regulation of Foreign Direct Investment inIndia |
C. | Foreign Currency Management in India |
D. | Currency Management in India |
E. | Control and Supervision of Money Supply |
Answer» B. Regulation of Foreign Direct Investment inIndia |
discuss
3. | A bank is called as ―Scheduled Bank‖ when . |
A. | Its business has crossed Rs. 1000 crore mark |
B. | Its branch network is over 100 |
C. | It is included in the second Schedule of the RBI Act |
D. | When it complies with all the three above |
E. | None of these |
Answer» C. It is included in the second Schedule of the RBI Act |
discuss
4. | Which of the following organization/agencies hassought an emergency fund of Rs. 1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers? |
A. | Micro Finance Institutions |
B. | Regional Rural & Cooperative Banks |
C. | RBI |
D. | NABARD |
E. | None of these |
Answer» D. NABARD |
discuss
5. | What is the upper limit prescribed for RTGS transaction? |
A. | Rs. 5 lacs |
B. | Rs. 1 lacs |
C. | Rs. 25 lacs |
D. | Rs. 50 lacs |
E. | No upper limits is prescribed |
Answer» E. No upper limits is prescribed |
discuss
6. | Distribution of insurance products and insurancepolicies by banks as corporate agents is known as . |
A. | General Insurance |
B. | Non-life Insurance |
C. | Bancassurance |
D. | Insurance Banking |
E. | Deposit Insurance |
Answer» C. Bancassurance |
discuss
7. | Which of the following committees/ Task Forces was set up to suggest reforms in Banking Sector? |
A. | Swaminathan Committee |
B. | Narasimham Committee |
C. | Rajinder Sachar Committee |
D. | Task Force on Infrastructure |
E. | None of these |
Answer» B. Narasimham Committee |
discuss
8. | FINO stands for . |
A. | Financial Investment Network and Operations |
B. | Farmers Investment in National Organization |
C. | Farmers Inclusion News and Operations |
D. | Financial Inclusion Network and Operations |
E. | None of these |
Answer» D. Financial Inclusion Network and Operations |
discuss
9. | When the rate of inflation increases . |
A. | Value of money increases |
B. | Purchasing power of money decreases |
C. | Purchase power of money increases |
D. | Purchasing power of money remains unaffected |
E. | Amount of money in circulation decreases |
Answer» B. Purchasing power of money decreases |
discuss
10. | Which of the following is the main advantage ―ASBA‖ with the applicants for share allotment? |
A. | ASBA applicant has got certain preference in allotment of shares as compared to general applicants |
B. | ASBA applicants need not remit the fund for allotment of shares, he/she will do shares are allotment to him/her |
C. | ASBA applicant has got secured allotment of shares |
D. | ASBA applicants deposit/OD account is debited, only the funds are blocked for same and he/she continues to avail interest till the shares are allotted to him/her. |
E. | None of these |
Answer» D. ASBA applicants deposit/OD account is debited, only the funds are blocked for same and he/she continues to avail interest till the shares are allotted to him/her. |
discuss
11. | Interest on saving bank account is nowcalculated by banks on . |
A. | Minimum balance during the month |
B. | Minimum balance from 7th to last day of the month |
C. | Minimum balance from 10th to last day of the month |
D. | Maximum balance during the month |
E. | Daily product basis |
Answer» E. Daily product basis |
discuss
12. | A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as . |
A. | Investment banking |
B. | Core banking |
C. | Mobile banking |
D. | National banking |
E. | Specialized banking |
Answer» B. Core banking |
discuss
13. | Which of the following is not considered a money market instrument? |
A. | Treasury bills |
B. | Repurchase Agreement |
C. | Commercial Paper |
D. | Certificate of deposit |
E. | Shares and bonds |
Answer» E. Shares and bonds |
discuss
14. | Which of the following is not a part of the scheduled banking structure in India? |
A. | State Co-operative Banks |
B. | Public Sector Banks |
C. | Private Sector Banks |
D. | Regional Rural Banks |
E. | Money Lenders |
Answer» E. Money Lenders |
discuss
15. | Which of the following terms is used in the field of finance and banking? |
A. | Guage Pressure |
B. | Quantum number |
C. | Adjustment Credit |
D. | Absolute Zero |
E. | Single bond |
Answer» C. Adjustment Credit |
discuss
16. | Goods and Services Tax (GST), would replace which of the following taxes level at present? |
A. | Income tax |
B. | Corporate tax |
C. | Capital gains tax |
D. | Value-added tax (VAT) |
E. | All of these |
Answer» D. Value-added tax (VAT) |
discuss
17. | Normally Banks accepts Fixed Deposits for a maximum period of . |
A. | 5 years |
B. | 3 years |
C. | 7 years |
D. | 20 years |
E. | 10 years |
Answer» E. 10 years |
discuss
18. | IFRS stands for . |
A. | International Financial Reporting Standards |
B. | Indian Financial Rating Standards |
C. | International Financial Rating Standards |
D. | Indian Functional Reporting Standards |
E. | None of these |
Answer» A. International Financial Reporting Standards |
discuss
19. | KYC guidelines followed by the Banks have been framed on the recommendations the . |
A. | Ministry of Home Affairs |
B. | Ministry of Rural Development |
C. | Indian Banks Association |
D. | Financial Intelligence Unit |
E. | Reserve Bank of India |
Answer» E. Reserve Bank of India |
discuss
20. | Short-term assets, representing amounts due toa vendor or suppliers of goods or services that were sold on credit terms is known as . |
A. | Account Receivable |
B. | Fixed Asset |
C. | Deposit Asset |
D. | Current Liabilities |
E. | None of these |
Answer» A. Account Receivable |
discuss
21. | What is the rate at which commercial banks charge on their surplus funds with RBI? |
A. | SLR |
B. | Reverse Repo Rate |
C. | Repo Rate |
D. | Cash Reverse Ratio |
E. | Bank Rate |
Answer» B. Reverse Repo Rate |
discuss
22. | is the rate at which commercial bank needs to maintain in the form of cash, or gold or government approved securities (Bonds) before providing credit to its customers. |
A. | Reverse Repo Rate |
B. | Repo Rate |
C. | CRR Rate |
D. | SLR Rate |
E. | None of these |
Answer» D. SLR Rate |
discuss
23. | Who appoints the governor of Reserve Bank of India? |
A. | Financial Secretary |
B. | Financial Ministry |
C. | Central Government |
D. | President of India |
E. | None of these |
Answer» C. Central Government |
discuss
24. | In India, the Chit funds are governed / regulated by . |
A. | Local Bodies |
B. | RBI |
C. | Central Government |
D. | State Government |
E. | None of these |
Answer» D. State Government |
25. | CAG Stands for . |
A. | Controller and Auditor General of India |
B. | Constant and Author General of India |
C. | Constant Auditor General of India |
D. | Central Auditor General of India |
E. | None of these |
Answer» A. Controller and Auditor General of India |
discuss
26. | CPI stands for . |
A. | Cost Price Index |
B. | Current Price Index |
C. | Consumer Price Index |
D. | Cash Price Index |
E. | None of these |
Answer» C. Consumer Price Index |
discuss
27. | SEBI is a . |
A. | Non-Advisory body |
B. | Statutory body |
C. | Advisory body |
D. | Constitutional body |
E. | Non- Statutory body |
Answer» B. Statutory body |
discuss
28. | At which rate the RBI lends money to a public sector bank on a long term basis? |
A. | Bank Rate |
B. | CRR |
C. | Repo Rate |
D. | PLR |
E. | Reverse Repo Rate |
Answer» A. Bank Rate |
discuss
29. | What is the full form of PPP? |
A. | Personal Private Power |
B. | Primary Power Parity |
C. | Personal Private Parity |
D. | Purchasing Power Parity |
E. | None of these |
Answer» D. Purchasing Power Parity |
discuss
30. | What is the Minimum amount of transferrequired for RTGS is . |
A. | Rs. 1 lakh |
B. | Rs. 2 lakh |
C. | Rs. 5 lakh |
D. | Rs. 50,000 |
E. | No Limits |
Answer» B. Rs. 2 lakh |
discuss
31. | Who is the sole authority to issue and manage currency in India? |
A. | State Bank of India |
B. | Government of India |
C. | Reserve Bank of India |
D. | Finance Ministry |
E. | None of these |
Answer» C. Reserve Bank of India |
discuss
32. | In CRR, C stands for . |
A. | Cash |
B. | Currency |
C. | Core |
D. | Currency |
E. | None of these |
Answer» A. Cash |
discuss
33. | MICR code is used for . |
A. | For Code Banking Solution |
B. | For Electronic Funds Transfer |
C. | For Electronic Clearance of Cheques |
D. | For Cheque Truncation Services |
E. | None of these |
Answer» C. For Electronic Clearance of Cheques |
discuss
34. | The Statutory Liquidity Ratio (SLR), the amount of liquid assets such as cash, precious metals |
A. | 6 months |
B. | 3 months |
C. | 2 months |
D. | 1 month |
E. | 1 year |
Answer» D. 1 month |
discuss
35. | Money lent for more than one day but less than 15 days in the money market is known as . |
A. | Notice Money |
B. | Call Money |
C. | Term Money |
D. | Week Money |
E. | None of these |
Answer» A. Notice Money |
discuss
36. | Smart Money‘ is a term used for . |
A. | Internet Banking |
B. | Credit Card |
C. | Mobile Apps |
D. | Demand Drafts of Banks |
E. | None of these |
Answer» B. Credit Card |
discuss
37. | The Indian Financial System Code (IFS Code)is an alphanumeric code that uniquely identifies a bank-branch participating in the two main Electronic Funds Settlement Systems in India. IFSC code consists of how many alphanumeric codes? |
A. | 10 |
B. | 11 |
C. | 9 |
D. | 12 |
E. | 8 |
Answer» B. 11 |
discuss
38. | Which among the following committeeconstituted on Payment Banks license? |
A. | Dr. Nachiket Mor |
B. | Deepak Mohanty |
C. | A C Shan |
D. | B D Thakar |
E. | None of these |
Answer» A. Dr. Nachiket Mor |
discuss
39. | SARFAESI Act 2002 related to . |
A. | Acquisition of small banks |
B. | Fixation of interest rates |
C. | Recovery of bad loans |
D. | Regulation of foreign exchange |
E. | None of these |
Answer» C. Recovery of bad loans |
discuss
40. | NDTL stands for . |
A. | Net Demand and Term Liability |
B. | Net Demand and Time Liquidity |
C. | Net Demand and Trade Liquidity |
D. | Net Demand and Time Liability |
E. | None of these |
Answer» D. Net Demand and Time Liability |
discuss
41. | Magnetic Ink Character Recognition (MICR) is a 9 digits code is used mainly by the banking industry to ease the processing and clearance of cheques and other documents. The first three digits represent the . |
A. | Bank |
B. | City |
C. | State |
D. | Branch |
E. | None of these |
Answer» B. City |
discuss
42. | A savings as well as current account should be treated as inoperative / inactive if there are no transactions in the account for over a period ofyears. |
A. | 5 |
B. | 3 |
C. | 1 |
D. | 2 |
E. | 4 |
Answer» D. 2 |
discuss
43. | In CDR, ―R‖ stands for . |
A. | Regulation |
B. | Reserve |
C. | Restructuring |
D. | Ratio |
E. | Reduce |
Answer» C. Restructuring |
discuss
44. | If one is not satisfied with the decision passed by the Banking Ombudsman, one can approach the appellate authority to . |
A. | Governor of RBI |
B. | Deputy Governor of the RBI |
C. | Finance Secretary |
D. | Finance Minister |
E. | GM of the Concern Bank |
Answer» B. Deputy Governor of the RBI |
discuss
45. | Headquarters of National Investment and Infrastructure Fund (NIIF) is located at . |
A. | New Delhi |
B. | Hyderabad |
C. | Mumbai |
D. | Kolkata |
E. | Bangalore |
Answer» C. Mumbai |
discuss
46. | According to the proposal on PSL, what sub target is to be created for Micro Enterprises in India by March 2017? |
A. | 7 % |
B. | 7.5 % |
C. | 8 % |
D. | 8.5 % |
E. | None of the above |
Answer» B. 7.5 % |
discuss
47. | What is ―Stagflation‖? |
A. | inflation with growth |
B. | deflation with growth |
C. | inflation after deflations |
D. | inflation with depression |
E. | None of the above |
Answer» C. inflation after deflations |
discuss
48. | Which bank has become the first private sectorbank to sell Indian gold coins? |
A. | Dhanlaxmi Bank |
B. | Federal Bank |
C. | ICICI Bank |
D. | IndusInd Bank |
E. | Karur Vysya Bank |
Answer» B. Federal Bank |
discuss
49. | Which of the following can issue commercial paper for raising short term funds? |
A. | Corporate |
B. | Primary Dealers |
C. | All-India Financial Institutions |
D. | Both (B) and (C) |
E. | All of the Above |
Answer» E. All of the Above |
discuss
50. | Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan taken for higher education. Deduction under section 80E is available for |
A. | 2 years |
B. | 4 years |
C. | 8 years |
D. | 10 years |
E. | None of these |
Answer» C. 8 years |
discuss
51. | What is the full form of FCCB? |
A. | Foreign Currency convertible Bond |
B. | Foreign Currency credit Bond |
C. | Financial Consortium and Credit Bureau |
D. | Future Credit and Currency Bureau |
E. | None of the Above |
Answer» A. Foreign Currency convertible Bond |
discuss
52. | Which of the following institutions is responsible for the supervision of RRBs? |
A. | RBI |
B. | SEBI |
C. | NABARD |
D. | GOI |
E. | Both (a) and (c) |
Answer» E. Both (a) and (c) |
discuss
53. | RBS Bank has been headquartered in |
A. | Glasgow, United Kingdom |
B. | Edinburgh, United Kingdom |
C. | Skye, United Kingdom |
D. | Aberdeen, United Kingdom |
E. | None of these |
Answer» B. Edinburgh, United Kingdom |
discuss
54. | National Housing Bank (NHB), a wholly owned subsidiary of |
A. | RBI |
B. | Government Of India |
C. | IRDAI |
D. | State Government |
E. | None of these |
Answer» A. RBI |
discuss
55. | In India Mutual Funds are regulated by. |
A. | Securities and Exchange Board of India |
B. | Reserve Bank of India |
C. | State Bank of India |
D. | Small Industrial Development Bank of India |
E. | None of these |
Answer» A. Securities and Exchange Board of India |
discuss
56. | KYC Compliance is done to . |
A. | Identify a person |
B. | To know the address of a person |
C. | To ensure the genuineness the person‟s identity as mentioned in the application and to verify the correctness of address |
D. | Concern state government |
E. | None of these |
Answer» C. To ensure the genuineness the person‟s identity as mentioned in the application and to verify the correctness of address |
discuss
57. | MICR stands for . |
A. | Magnetic Ink Character Recognition |
B. | Maximum Individual Cancer Risk |
C. | Michigan Incident Crime Reporting |
D. | Magnetic Ink Check Reader |
E. | None of these |
Answer» A. Magnetic Ink Character Recognition |
discuss
58. | Open Money Market is a place for selling andbuying of financial instrument by . |
A. | All financial institutions |
B. | Only by Commercial Banks |
C. | Only by Common Banks |
D. | Indian Government |
E. | None of the above |
Answer» A. All financial institutions |
discuss
59. | Which of the following is the first commercial bank to launch mutual fund? |
A. | State Bank of India |
B. | Canara Bank |
C. | PNB |
D. | Bank of India |
E. | None of these |
Answer» A. State Bank of India |
discuss
60. | Who can invest in a commercial paper? |
A. | Individuals |
B. | Banking Companies |
C. | Corporate bodies registered or incorporated in India and unincorporated bodies, Non- Resident Indians (NRIs) and Foreign Institutional Investors (FIIs) |
D. | All of the above |
E. | None of these |
Answer» D. All of the above |
discuss
61. | The committee on Banking Regulations and Supervisory Practices which released the agreed frame work on international convergence of capital measures and capital standards in July 1988 is popularly known as . |
A. | Vaz Committee |
B. | Cooks Committee |
C. | Basel Committee |
D. | Rao Committee |
E. | None of these |
Answer» C. Basel Committee |
discuss
62. | Which is the first Public Sector Bank to issue capital to public? |
A. | Indian Overseas Bank |
B. | Syndicate Bank |
C. | Oriental Bank of Commerce |
D. | Punjab National Bank |
E. | None of these |
Answer» C. Oriental Bank of Commerce |
discuss
63. | Which of the following rates is not decided by the RBI? |
A. | Bank Rate |
B. | Repo Rate |
C. | Reverse Repo Rate |
D. | Prime Lending Rate |
E. | None of these |
Answer» D. Prime Lending Rate |
discuss
64. | Which of following is NOT a function of the Reserve Bank of India? |
A. | Fiscal Policy Functions |
B. | Exchange Control Functions |
C. | Issuance, Exchange and destruction of currency notes |
D. | Monetary Authority Functions |
E. | Supervisory and Control Functions |
Answer» A. Fiscal Policy Functions |
discuss
65. | With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country |
A. | Will |
B. | Registration |
C. | Nomination |
D. | Indemnity |
E. | Guarantee |
Answer» C. Nomination |
discuss
66. | Banks in our country normally publicize thatadditional interest rate is allowed on retail domestic term deposits of . |
A. | Minors |
B. | Married women |
C. | Senior citizens |
D. | Govt. employees |
E. | Rural residents |
Answer» C. Senior citizens |
discuss
67. | On which one of the following issues IMF has supported monetary policy of India? |
A. | Introduction of GST. |
B. | Stimulus for agriculture sector |
C. | Concessions for foreign investment |
D. | Tightening of monetary policy |
E. | None of these |
Answer» D. Tightening of monetary policy |
discuss
68. | In the term STRIPS, the first letter ―S‟ denotes |
A. | Single |
B. | Small |
C. | Special |
D. | Savings |
E. | Separate |
Answer» E. Separate |
discuss
69. | When the loan is granted for purchase of white goods it is called . |
A. | Consumption loan |
B. | White goods loan |
C. | Consumer durable loan |
D. | Business loan |
E. | Proprietary loan |
Answer» C. Consumer durable loan |
discuss
70. | Structure of Basel II is based on how many pillars? |
A. | Two |
B. | Ten |
C. | Four |
D. | Five |
E. | Three |
Answer» E. Three |
discuss
71. | Which of the following organization / agencies has established a fund known as Investor Protection Fund? |
A. | RBI |
B. | SIDBI |
C. | Bombay Stock Exchange |
D. | Ministry of Finance |
E. | Ministry of Commerce & Industry |
Answer» C. Bombay Stock Exchange |
discuss
72. | The CRR and SLR maintenance is on the |
A. | NDTL |
B. | DTL |
C. | Total Deposits |
D. | CASA |
E. | None of these |
Answer» A. NDTL |
discuss
73. | Which of the following is the most liquid money? |
A. | M1 |
B. | M2 |
C. | Securities |
D. | M3 |
E. | Call Money |
Answer» A. M1 |
discuss
74. | Who decides the value and volume of bank notes to be printed and on what basis? |
A. | Finance Ministry |
B. | Planning Commission |
C. | RBI |
D. | Stock Exchange |
E. | None of these |
Answer» C. RBI |
discuss
75. | The largest number of commercial banks offices are located in?84). What is the purpose of KYC in banking? |
A. | It is used for customer identification |
B. | It is used for increasing the CRR of banks |
C. | It is used against money laundering |
D. | It is used by the central bank to control liquidity |
E. | Both (a) and (c) |
Answer» E. Both (a) and (c) |
discuss
76. | Which of the following is not a member of the World Bank Group? |
A. | International Bank of Reconstruction and Development |
B. | International Development Association |
C. | Bank of International Settlement |
D. | International Finance Corporation |
E. | None of these |
Answer» C. Bank of International Settlement |
discuss
77. | Which of the following types of cards is free from credit risk? |
A. | Credit card |
B. | Debit card |
C. | Prepaid cards |
D. | Charge cards |
E. | Both (c) and (d) |
Answer» B. Debit card |
discuss
78. | Pledge means? |
A. | advance against goods |
B. | open working capital limits |
C. | bailment of goods as security for payment of a debt or performance of a promise |
D. | all of the above |
E. | none of these |
Answer» C. bailment of goods as security for payment of a debt or performance of a promise |
discuss
79. | Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in india? |
A. | Consumer price index |
B. | Wholesale price index |
C. | Personal consumption expenditures price index |
D. | GDP Deflator |
E. | All of the above |
Answer» B. Wholesale price index |
discuss
80. | A financial contract that derives its value from another asset or an index of asset values in known as |
A. | Insurance policy |
B. | Security |
C. | Derivative |
D. | Share |
E. | None of the above |
Answer» C. Derivative |
discuss
81. | Which of the following co-operative banks is considered as the first Co-operative Bank in India? |
A. | Amanath Co-operative Bank Ltd |
B. | Anyonya Co-operative Bank |
C. | Greater Bombay Co-operative Bank Ltd |
D. | Abhyudaya Co-operative Bank Ltd |
E. | None of these |
Answer» B. Anyonya Co-operative Bank |
discuss
82. | In India Agricultural Co-operative Banks was started at . |
A. | 1929 |
B. | 1950 |
C. | 1904 |
D. | 1980 |
E. | 1975 |
Answer» C. 1904 |
discuss
83. | According to the Sarraya Committee, averagemembership of the society‟s is . |
A. | 19 |
B. | 48 |
C. | 25 |
D. | 32 |
E. | 45 |
Answer» D. 32 |
discuss
84. | Monetary Policy as an arm of the economic policy is administered by . |
A. | Prime Minister of India |
B. | Government of India |
C. | State Bank of India |
D. | Reserve Bank of India |
E. | None of these |
Answer» D. Reserve Bank of India |
discuss
85. | Co-Operative Development Bank was set up by . |
A. | NABARD |
B. | RBI |
C. | SBI |
D. | Central Government |
E. | State Government |
Answer» A. NABARD |
discuss
86. | Co-Operative Banks in India do not finance rural areas under . |
A. | Personal Finance |
B. | Small Scale Unit |
C. | Farming |
D. | Cattle |
E. | None of these |
Answer» B. Small Scale Unit |
discuss
87. | Co-Operative Bank in India has a . |
A. | Four tier system |
B. | Two tier system |
C. | Three tier system |
D. | Five tier system |
E. | Six tier system |
Answer» C. Three tier system |
discuss
88. | RBI known as lender of last restore because: |
A. | It has to meet the credit need to citizens to whom no one else is willing to lend |
B. | Banks lend to go to RBI as a last restore |
C. | It comes to help banks in times of crisis |
D. | All of the above |
E. | None of these |
Answer» C. It comes to help banks in times of crisis |
discuss
89. | The seed capital of Bharatiya Mahila Bank is |
A. | Rs.5000 crore |
B. | Rs.1000 crore |
C. | Rs.500 crore |
D. | Rs.100 crore |
E. | None of the above |
Answer» B. Rs.1000 crore |
discuss
90. | Which is incorrect with regard to powers of RBI: |
A. | Holds cash reserve banks |
B. | Controls banking system through licensing |
C. | Supervises Banking system through inspection |
D. | None of the above |
E. | All of the above |
Answer» D. None of the above |
discuss
91. | Which of the following is an investmentadvisory discipline? |
A. | Corporate Industrial Finance |
B. | Offshare Banking |
C. | Wholesale Banking |
D. | Wealth Management |
E. | Trade Finance |
Answer» D. Wealth Management |
discuss
92. | When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as: |
A. | Term Deposit |
B. | Demand Deposit |
C. | Bond |
D. | Mortgage |
E. | Advance |
Answer» A. Term Deposit |
discuss
93. | When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called |
A. | Revenue Deficit |
B. | Budgetary Deficit |
C. | Zero Budgeting |
D. | Trade Gap |
E. | Balance of Payment Problem |
Answer» B. Budgetary Deficit |
discuss
94. | Which of the following is not the name of a bank functioning in India? |
A. | Central Bank of India |
B. | UCO Bank |
C. | Aegon Religare |
D. | Dena Bank |
E. | ICICI Bank |
Answer» C. Aegon Religare |
discuss
95. | Lack of access to financial services istechnically known as |
A. | Financial Instability |
B. | Financial Stability |
C. | Financial Inclusion |
D. | Financial Exclusion |
E. | Poverty |
Answer» D. Financial Exclusion |
discuss
96. | Which of the following can be categories as aMerchant Banking service? |
A. | Consultancy on finance to a company |
B. | Advance in capital structure |
C. | Managing mergers |
D. | Helping in finalizing take over |
E. | All the above |
Answer» E. All the above |
discuss
97. | What is the maturity period for senior citizen savings scheme? |
A. | 3 years |
B. | 5 years |
C. | 2 years |
D. | 7 years |
E. | 4 years |
Answer» B. 5 years |
discuss
98. | Crossing denotes |
A. | that the cheque will not be paid across the counter but will be credited to the account of the holder |
B. | that the cheque cannot be transferred by the payee named therein |
C. | that the cheque will be paid through clearing only |
D. | a direction to the paying bank to make payment of the cheque through a bank |
E. | none of the above |
Answer» D. a direction to the paying bank to make payment of the cheque through a bank |
discuss
99. | Which of the following private banks has signed an agreement with Reliance Jio Money for One-Click payment service ? |
A. | Laxmi Vilas Bank |
B. | Federal Bank |
C. | South Indian Bank |
D. | Karnataka Bank |
E. | Karur Vysya Bank |
Answer» B. Federal Bank |
discuss
100. | Who is primarily liable on a cheque? |
A. | Drawee banker |
B. | Drawer |
C. | Payee |
D. | Collecting banker |
E. | None of these |
Answer» B. Drawer |
discuss
Done Reading?
Take a Test Download as PDF
Tags
Question and answers in Banking Awareness, Banking Awareness multiple choice questions and answers, Banking Awareness Important MCQs, Solved MCQs for Banking Awareness, Banking Awareness MCQs with answers PDF download