Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. 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
Q. Headquarters of National Investment and Infrastructure Fund (NIIF) is located at .
a. New Delhi
b. Hyderabad
c. Mumbai
d. Kolkata
e. Bangalore