Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. IFRS stands for .
a. International Financial Reporting Standards
b. Indian Financial Rating Standards
c. International Financial Rating Standards
d. Indian Functional Reporting Standards
e. None of these
Q. KYC guidelines followed by the Banks have been framed on the recommendations the .
a. Ministry of Home Affairs
b. Ministry of Rural Development
c. Indian Banks Association
d. Financial Intelligence Unit
e. Reserve Bank of India
Q. Short-term assets, representing amounts due toa vendor or suppliers of goods or services that were sold on credit terms is known as .
a. Account Receivable
b. Fixed Asset
c. Deposit Asset
d. Current Liabilities
e. None of these
Q. What is the rate at which commercial banks charge on their surplus funds with RBI?
a. SLR
b. Reverse Repo Rate
c. Repo Rate
d. Cash Reverse Ratio
e. Bank Rate
Q. is the rate at which commercial bank needs to maintain in the form of cash, or gold or government approved securities (Bonds) before providing credit to its customers.
a. Reverse Repo Rate
b. Repo Rate
c. CRR Rate
d. SLR Rate
e. None of these
Q. Who appoints the governor of Reserve Bank of India?
a. Financial Secretary
b. Financial Ministry
c. Central Government
d. President of India
e. None of these
Q. In India, the Chit funds are governed / regulated by .
a. Local Bodies
b. RBI
c. Central Government
d. State Government
e. None of these
Q. CAG Stands for .
a. Controller and Auditor General of India
b. Constant and Author General of India
c. Constant Auditor General of India
d. Central Auditor General of India
e. None of these
Q. Mortgage is a security created on .
a. Movable property for a loan given by a bank
b. Immovable property for a deposit received by a bank
c. A confirmation of immovable property given by a bank
d. Movable property for a deposit given by a bank
e. Immovable property for a loan given by a bank
Q. Foreign exchange Reserves in India are kept in the custody of .
a. Finance Ministry
b. SEBI
c. Overseas Ministry
d. Reserve Bank of India
e. Govt. of India
Q. For using the safe deposit locker facilities, bankcustomers pay .
a. Commission of locker
b. Interest on locker
c. Rent on locker
d. Exchange on locker
e. Safe custody charges
Q. Expand MAT related to tax?
a. Minimum Additional Tax
b. Maximum Alternative Tax
c. Maximum Additional Tax
d. Minimum Alternative Tax
e. None of these
Q. Local Area Banks
a. are licensed under the Banking Regulation Act, 1956
b. are eligible for inclusion in the Second Schedule to the Reserve bank of India Act, 1934
c. Have minimum paid up capital of Rs. 5 crore with promoters’ contribution being at least Rs. 2 crore
d. all of the above
e. none of the above
Q. Which agency in India provides refinance of export credit?
a. SIDBI
b. NABARD
c. RBI
d. EXIM Bank
e. Government of India
Q. Which of the following is the first Universal Bank established in India?
a. IDBI Bank Ltd.
b. ICICI Bank ltd.
c. Reserve bank of India
d. NABARD
e. HDFC Bank Ltd.