Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with
a. Capital Market
b. Loans
c. World Bank Grants
d. Ponzi Schemes
e. None of these
Q. The excess of total expenditures over total receipts is known as:
a. Fiscal Deficit
b. Revenue Deficit
c. Budget Deficit
d. Both b) and c)
e. None of These
Q. Who invented the first operational ATM ?
a. John Conner
b. John Smith Adam
c. Adam Carter
d. John Shepherd Barron
e. John Sayer
Q. A money deposited in a bank that cannot be withdrawn for a preset fixed period of time is known as:
a. Checking Account
b. Term Deposit
c. No Frills Account
d. All of the above
e. None of These
Q. FEMA 1999 stands for .
a. Foreign Economy Management Act 1999
b. Foreign External Management Act 1999
c. Foreign Exchange Management Act 1999
d. Financial Exchange Management Act 1999
e. None of these
Q. Foreign Direct Investment limit in privatesector banks is?
a. 75 percent
b. 74 percent
c. 77 percent
d. 78 percent
e. None of these
Q. CRISIL has been promoted by and ?
a. ICICI, UTI
b. IDBI, SBI
c. AXIS, UTI
d. PNB, SBI
e. None of these
Q. Which is the first Committee that gave its recommendations relating to Mechanization of Banking System?
a. Saraf Committee
b. Rangarajan Committee
c. Kishore Committee
d. Narsimhan Committee
e. None of these
Q. The decimal system of note and coin issue was started in India in _.
a. 1950
b. 1947
c. 1957
d. 1960
e. None of these
Q. The term is defined as a central location for keeping securities on deposit?
a. Depository
b. Instrument
c. Institutions
d. All of the above
e. None of the above
Q. The number of lead merchant bankers may not exceed in case any issue of, issue size 200crore to 400crore?
a. 4
b. 3
c. 6
d. 5
e. None of these
Q. Role of merchant bankers——–?
a. Mobilization of funds
b. Promotional function
c. Innovation
d. All of these
e. None of these
Q. In which circumstance Dear money policy will be adopted by Reserve Bank of India?
a. Inflation
b. inflatable
c. disinflation
d. Ostentation
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. None of these