Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. If the customer can do all transactions only in a branch and the branch has no online access, it is called .
a. Online Banking
b. Internet Banking
c. Virtual Banking
d. Brick and Mortar Banking
e. None of these
Q. Which of the following measures will have positive impact on Inflation?(1). Reduction in unnecessary expenditure of (2). Increase in savings of the people (3). Surplus (4). Halt in repayment of public debt and Select the correct codes
a. 1, 2 and 4
b. 2, 3 and 4
c. 1, 3 and 4
d. All of the above
e. None of the above
Q. In respect of partnership business, LLP stands for ?
a. Limited Liability Partnership
b. Limited Loan Partnership
c. Local Labour Promotion
d. Low Labour Projects
e. None of these
Q. When did the nationalisation of major banks happen?
a. June, 1951
b. June, 1961
c. June, 1969
d. July, 1969
e. None of these
Q. Interest payable on savings bank accounts is?
a. Regulated by Central Govt
b. Regulated by RBI
c. Regulated by Finance Minister
d. De-regulated by RBI
e. None of these
Q. Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called?
a. Brick & Mortal banking
b. Virtual banking
c. Universal banking
d. All of the above
e. None of these
Q. account records the change in stock of reserve assets (also known as foreign exchange reserves) at the country‘s monetary authority.
a. Reserve
b. Demat
c. Bank
d. Stock
e. None of these
Q. Which of the following is NOT a retail banking product?
a. Fixed deposit account
b. Working capital finance
c. Personal loan
d. Housing loan
e. Educational loan
Q. is defined as a sustained increase in the general level of prices for goods and services.
a. Deflation
b. WPI
c. Inflation
d. CPI
e. None of these
Q. RBI was established on ?
a. April 21st,1940
b. April 20st,1943
c. April 22nd,1947
d. April 1st,1935
e. None of these
Q. referring to the purchase of assets in the rest of the world, which allows control over that assets.
a. Commercial Borrowings
b. Foreign Indirect Investment
c. Portfolio Investment
d. Foreign Direct Investment
e. None of these
Q. Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks?
a. LIC
b. SIDBI
c. NABARD
d. SBI
e. Other than those given as options
Q. Which of the following is NOT a KYCrequirement while opening a bank account?
a. A proof of identity
b. A proof of address
c. A proof of income
d. A recent photograph
e. None of these
Q. The term SMART MONEY refers to:
a. Traveller's Cheque
b. Internet Banking
c. Credit Cards
d. All of the above
e. None of These
Q. Commercial banks provide locker facility to their customer for .
a. Satisfying the Bank’s jewellry and gold needs.
b. Filing important documents
c. Safe custody
d. Storing excess gold and valuables of banks
e. None of these