Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. RBI uses bank rate in order to control .
a. Money supply, volume of bank credit and cost of bank credit.
b. Liquidity
c. Cash holdings of banks
d. Financial position of banks
e. None of these
Q. Which of the following terms is used in the field of banking and finance?
a. Investment
b. Genetics
c. Resistance
d. Metabolic Reaction
e. None of these
Q. Forfaiter is
a. an intermediary between an exporter and importer
b. an intermediary between an exporter and bank
c. an intermediary between an bank and importer
d. a bank.
e. None of these
Q. Electronic fund transfers like RTGS and NEFT are operated and maintained by .
a. National Payments Corporation of India (NPCI)
b. Bharat Bill Payment System (BBPS)
c. Reserve Bank of India (RBI)
d. Clearing Corporation of India Limited (CCIL)
e. None of these
Q. National Payments Corporation of India (NPCI) is being used by banks for .
a. Remittance
b. Clearing and settlement
c. Payments and settlements
d. Advisory service
e. None of these
Q. Expand IFSC .
a. Indian Financial System Code
b. Indian Financial Services Code
c. International Financial Service Code
d. Interbank Fund Service Code
e. Indian Financial Security Code
Q. It is a tax which is levied at the same rate at all income levels.
a. Progressive Tax
b. Regressive Tax
c. Proportional Tax
d. Sales Tax
e. None of these
Q. The debit card holder can perform which of the following functions ?
a. Make Point of Sale (POS) purchase
b. Recharge Prepaid mobile phones
c. Pay Life Insurance premium
d. Make donation
e. All of the above
Q. Bank Rate is……….?
a. Rate at which commercial banks borrow long term funds from Central Bank.
b. Rate at which commercial banks borrow Short term funds from Central Bank.
c. None of these
d. Both 1 and 3
e. cannot be determined
Q. What is used to manage cash flows in different currencies?
a. Credit crunch
b. Arbitrage
c. Mirco credit
d. Currency swap
e. None of these
Q. The govt. of India replaced the FERA by……….?
a. FEMA
b. FRBMA
c. Monopolies Act
d. FRTP
e. None of these
Q. Increase in Service tax came is effective from?
a. 1st june 2016
b. 1st May 2016
c. 1st Aug 2016
d. 1st July 2016
e. None of these
Q. Where are the headquarter of National Housing Bank (NHB)?
a. New Delhi
b. Mumbai
c. Pune
d. Lucknow
e. Bangalore
Q. Credit cards are cards which are also known as
a. Plastic cards
b. Card money
c. Plastic cards full of money
d. All of the above
e. None of these