Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Which among the following is a qualitative tool of monetary policy?
a. Bank Rate
b. Credit Ceiling
c. Credit rationing
d. Cash Reserve Ratio
e. Repo Rate
Q. Which bank has launched the country‘s first contactless debit and credit cards on 7 January 2015?
a. HDFC
b. SBI
c. ICICI
d. Union Bank of India
e. Yes Bank
Q. In recent times, the term Gold ETF wasmaking news. Which among the following closest instrument to Gold ETF?
a. Debenture
b. G-Sec security
c. Mutual Fund
d. Commercial Paper
e. IPO
Q. Which is the first bank to get ISO certificate?
a. Corporation Bank
b. UBI
c. Canara Bank
d. Syndicate Bank
e. ICICI
Q. Which of the following is the best option to park money for a long period of time to earn a high rate of interest?
a. Savings account
b. Current account
c. Deposit account
d. Recurring account
e. None of these
Q. What do well can an arrangement whereby anissuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents?
a. bill of exchange
b. letter of exchange
c. letter of credit
d. bill of country
e. None of these
Q. Which of the following is not a primary function of a Bank?
a. Granting Loans
b. Collecting Cheques/Drafts customers
c. Facilitating import of goods
d. Issuing Bank Drafts
e. Selling Gold/Silver Coins
Q. Among the banks in our country, which of thefollowing is not a foreign bank?
a. HSBC
b. Standard Chartered Bank
c. BNP Paribas
d. Citi Bank Na
e. Ing Vysya Bank
Q. Which among the following body authorizes the credit limit to the national cooperative marketing federation?
a. reserve bank of India
b. department of agriculture
c. NABARD
d. department of finance
e. None of these
Q. The headquarters of local boards of RBI are located at :
a. Mumbai, Kolkata, Chennai and New Delhi
b. Mumbai, Jaipur, Chennai and Mysore
c. Mumbai, Ahmedabad, Chennai and New Delhi
d. Mumbai, Ahmedabad, Jaipur and New Delhi
e. None of these
Q. Which among the following is NOT a pillar ofBasel III?
a. Minimum capital standards
b. Supervisory review
c. Market discipline
d. Consolidation of assets
e. None of the above
Q. Budget is an instrument of
a. Commercial policy of the government
b. Fiscal policy of the Government
c. Monetary policy of the government
d. Money-saving policy of the government
e. None of these
Q. Which of the following is a Private Sector Bank in India?
a. Corporation Bank
b. Kotak Mahindra Bank
c. IDBI Bank
d. Syndicate Bank
e. Oriental Bank of Commerce
Q. Why reserve bank of India is called custodian of foreign balances of the country?
a. because government delegates RBI to redistribute the foreign currencies in India
b. because RBI maintains both gold and foreign currencies as reserves against note issues
c. because RBI is delegated by the Government to absorb all the foreign currency in India
d. b and c
e. None of the above