Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Which of the following terms is used in thefield of finance and Banking?
a. Adjustable credit
b. Absolute Zero
c. Guage pressure
d. Single bond
e. None of these
Q. Which of the following is known as Plastic money?
a. Demand draft
b. Credit card
c. Debit card
d. Both B and C
e. None of these
Q. Which of the following set up core banking infrastructure for rural banks?
a. RBI
b. NABARD
c. IDBI
d. NHB
e. SEBI
Q. All the financial issues of agriculture are dealt by which Bank?
a. Andhra Bank
b. SBI
c. RBI
d. NABARD
e. None of these
Q. If you buy a financial instrument in one market in order to sell the same instrument in another market at higher price, it will be called as
a. Brokerage
b. Arbitrage
c. Forfeiture of Instrument
d. investment
e. None of these
Q. AER stands for ?
a. Average Equivalent rate
b. Annual Equivalent Rate
c. Appropriate Equivalent Rate
d. Approximate Equivalent Rate
e. None of these
Q. Which among the following is incorrect about Bank Ombudsman ?
a. Bank Ombudsman scheme was first introduced in 1995 but start in operations from 2006
b. Bank Ombudsman has the power to solve bank Complaints
c. Bank Ombudsman acts as the one of representative of Reserve Bank of India in order to implement RBIs rules and regulations
d. All the Above
e. None of these
Q. The Commission charged by a broker is ?
a. Brokerage Interest
b. Brokerage Fee
c. Brokerage Profit
d. Brokerage rate
e. None of these
Q. is a short term and unsecured promissory notes issued by corporations with very high credit standing?
a. Demand draft
b. Credit card
c. Debit card
d. Commercial Paper
e. None of these
Q. Multilated Notes are?
a. Notes which are in pieces and/or of which the essential portions are missing
b. Any bank note, which is wholly or partially, obliterated, shrunk
c. Notes which are washed, altered or Indecipherable
d. Notes which are wholly or partially, obliterated, shrunk, washed, altered or indecipherable
e. None of these
Q. Minimum limit for sending money to Nepalthrough NEFT (National Electronic fund Transfer) in a single day?
a. 10000
b. 50000
c. 25000
d. 100000
e. 200000
Q. Notice Money is a money lend for a period of ?
a. Between 2 and 14 days
b. Exceeding 14 days
c. 1 day
d. 2 days
e. 4 days
Q. Which is incorrect about NBFC (Non-Banking Financial Company) ?
a. The deposits with NBFCs are not insured
b. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporati n is not available to depositors of NBFCs, unlike in case of banks
c. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself
d. NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI from time to time. The present ceiling is 12.5 per cent per annum
e. None of these
Q. INDIAs Central Bank" is slogan of:"
a. Reserve Bank of India
b. State Bank of India
c. IDBI
d. SEBI
e. None of these
Q. CPI refers to:
a. Cost Price Index
b. Consumer Price Index
c. Current Price Index
d. Consumer Price interface
e. None of these