Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. When banks are undertaking the business of bancassurance, they attract supervision of
a. Central govt.
b. SEBIX
c. RBI
d. IRDAVI
e. None of these
Q. The banks included in 2nd schedule of are known as scheduled banks
a. Banking Regulation Act
b. Reserve Bank of India Act
c. Negotiable Instrument Act
d. Banking (Acquisition & Transfer of Properties)Act
e. Banking Companies Act
Q. The nationalisation of 14 Indian commercial banks, with deposits over and above Rupees 50 Crores, was undertaken by government of India, on
a. 9th June, 1969
b. 19th July, 1969
c. 9th July, 1969
d. 9th June, 1970
e. 9th July, 1970
Q. After nationalisation of 14 commercial banks, the government of India had nationalised other 6 commercial banks, with deposits over and above Rupees 200 Crores, during
a. April, 1980
b. April, 1969
c. April, 1970
d. May, 1970
e. July, 1970
Q. On 4th September, 1993. a loss making nationalised bank was merged with Punjab National Bank by government of India. The name of the bank was
a. Lakshmi Was Bank
b. New Bank of India
c. Sangali Bank
d. State Bank of Saurashtra
e. State Bank of Indore
Q. Who is holding the share capital of nationalised banks
a. State Bank of India
b. Reserve Bank of India
c. Public
d. Government of India
e. Government of India & Public
Q. is a short term and unsecuredpromissory notes issued by corporations with very high credit standings:
a. Commercial Paper
b. Cheque
c. Corporate Bond
d. None of The Above
e. DD
Q. CBS stands for:
a. Code Banking Solutions
b. Core Banking Solutions
c. Central Banking Solutions
d. None of The Above
e. Core Bank System
Q. Slogan of Corporation Bank is:
a. Working for a better tomorrow
b. Trusted Family Bank
c. Prosperity For All
d. None of The Above
e. Property for all
Q. White Label ATM means:
a. The ATM that does not have any bank logo.
b. The ATM carries logo of RBI
c. Both of Above
d. None of These
e. ATM Carries fund
Q. TCPSL started their White Label ATMs chain under brand name :
a. Easecash
b. Indicash
c. T – Cash
d. None of These
e. E -Cash
Q. Which among the following is correct about Brown Label ATMs:
a. These ATMs are owned and maintained by service provider.
b. Bank whose Brand name is used on ATM takes care of cash management and network connectivity.
c. Both of Above
d. None of These
e. ATM Carries fund
Q. Which among the following definitions are correct:
a. Online ATMS – These ATMs are connected to the bank’s database at all times and provide real time transactions online. The withdrawal limits and account balances are constantly monitored by the bank.
b. Offline ATMs – These ATMs are not connected to bank’s database hence they have a pre-defined withdrawal limit fixed and you can withdraw that amount irrespective of the balance in your account.
c. Onsite ATM – The ATMs installed within a branch premises
d. All of the Above
e. None of These
Q. Which among the following definitions of ATMs are incorrect:
a. Onsite ATM – The ATMs installed within a premises.
b. Stand Alone ATM – The ATMs are not connected with any ATM network hence their transactions are restricted to the ATM’s branch and link branches only.
c. Both of Above
d. Online ATMS - These ATMs are connected to the bank’s database at all times and provide real time transactions online. The withdrawal limits and account balances are constantly monitored by the bank.
e. None of These
Q. Which of the following is not classified as a commercial Bank ?
a. Regional Rural Bank
b. Private Sector Bank
c. Foreign Bank
d. Co-operative Bank
e. None of these