Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Who pays commission to banks for conducting Government business?
a. Government of India
b. State Government
c. RBI
d. Central and State Governments
e. None of the above
Q. We can open a saving bank account in the sole name of a minor if he completes age of ?
a. 6
b. 10
c. 18
d. 21
e. None of the above
Q. Banks are increasingly selling Insurance products mainly due to ?
a. It helps in increase in deposits of a bank
b. It helps in growing Loan portfolio of a bank
c. It helps increase commission income of a bank
d. It diversify the risk of a Bank
e. Bank have taken over Insurance companies
Q. A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as
a. Off-shore Banking
b. Investment Banking System
c. Shadow Banking System
d. Conventional Banking
e. Merchant Banking System
Q. The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is
a. RBI
b. Financial Intelligence Unit(FIU)
c. Intelligence Bureau(IB)
d. Central Bureau of Investigation(CBI)
e. Central Intelligence Unit(CIU)
Q. The Lead Bank Scheme was introduced on the basis of recommendations of ?
a. Reserve Bank
b. NABARD
c. Study group appointed by National Credit Council under the chairmanship of Prof. D. R. Gadgil
d. SIDBI
e. None of the above
Q. An NBFC-MFI is defined as a non-deposittaking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of
a. Rs.5 crore
b. Rs.4 crore
c. Rs.3 crore
d. Rs.2 crore
e. None of the Above
Q. At present, the maximum interest a bank offers on Saving bank account is ?
a. 3.50%
b. 5%
c. 7%
d. As per bank policy, as the Interest rate on Savings account is deregulated
e. None of the above
Q. Which of the following is not a banking term?
a. Letter of credit
b. MIBOR
c. Factoring services
d. Entry load
e. None of these
Q. Which of the following is not classified as a Commercial Bank?
a. Public Sector Bank
b. Foreign Bank
c. Private Sector Bank
d. Regional Rural Bank
e. Urban Cooperative Bank
Q. SHCIL was established in 1986 under the Government of India as
a. Private Ltd
b. Public Ltd
c. Limited Liability Partnership
d. Unlimited company
e. None of the Above
Q. 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)
Q. The ratio of deposits to loans of a bank is known as
a. NPA coverage Ratio
b. Return on asset ratio
c. Asset Coverage ratio
d. CD Ratio
e. Other than those given as options
Q. Aadhar Housing Finance Ltd is going to be merged with which of the following?
a. DHFL Vysya Housing Finance Ltd
b. Cent Bank Home Finance Limited
c. Housing and Urban Development Corporation Ltd.
d. Manipal Housing Finance Syndicate Lt
e. None of these
Q. Which of the following banks has planned to commence urban microfinance operations in its 85 branches across the country?
a. Yes Bank
b. Kotak Mahindra Bank
c. ICICI Bank
d. Axis Bank
e. None of these