Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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