Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. 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
Q. 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
Q. 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
Q. 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
Q. means the period for which the securities cannot be delivered.
a. Fixed Time Period
b. Shut Period
c. Grace Period
d. Payback Period
e. None of these
Q. The definition of the priority sector was first formalized in 1972 by?
a. Planning Commission
b. National Development Council
c. Reserve Bank of India
d. Ministry of Finance, Government of India
e. None of these
Q. Which is India‘s first and largest Asset Reconstruction Company?
a. ARCIL
b. PARAS
c. Relaince ARC
d. Both a) and b)
e. None of the Above
Q. The tertiary sector of economy is called as:
a. Manufacturing Industry
b. Service Industry
c. Agro and Fishing Industry
d. All of the above
e. None of these
Q. In Notice Money Market, the tenor of the transactions is from
a. 2-7 days
b. 2-14 days
c. 2-21 days
d. 2-28 days
e. None of these
Q. FDR is:
a. Fix Date Rate
b. Fixed Deposit Receipt
c. Full Date Rate
d. All of the above
e. None of these
Q. What is the full form of ECB?
a. Extra Commercial Banking
b. Extra Commercial Borrowings
c. External Commercial Borrowings
d. All of the above
e. None of these
Q. Account payee crossing is an direction of the drawer to?
a. To collecting banker
b. To drawee banker
c. To payee
d. To all endorsees
e. None of these
Q. A offers loans to people starting their own business"
a. Bank
b. Credit Union
c. Pawnshop
d. Both a) and b)
e. None of These
Q. Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
a. Certificate of Deposits
b. Bonds
c. Stocks
d. Commercial Papers
e. None of these