Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. The BASE III banking rules is a global, voluntary regulatory framework on bank capital adequacy, stress testing and marketing liquidity risk. It will fully kick in by .
a. March 2017
b. June 2017
c. Sep 2018
d. March 2019
e. June 2019
Q. The Reserve Bank of India (RBI) follows the financial year.
a. Jan to Dec
b. Apr to March
c. July to June
d. Sep to Aug
e. Oct to Sep
Q. As per the provision of the Coinage Act, 2011,coins of any denomination not lower than one rupee shall be legal tender for .
a. Any sum
b. Any sum not exceeding Rs. 10
c. Any sum not exceeding Rs. 50
d. Any sum not exceeding Rs. 100
e. Any sum not exceeding Rs. 500
Q. A cheque that is not crossed on the left cornerand payable at the counter of the drawee bank on presentation of the cheque, is called ,
a. Open cheque
b. Order cheque
c. Stale Cheque
d. Post-dated cheque
e. Ante-dated cheque
Q. Which of the following terms is NOT used in the field of banking?
a. Moral Suasion
b. Assignment
c. NAV
d. Knot
e. Kite flying
Q. What is the headquarters of Canara Bank?
a. Mangalore
b. Bengaluru
c. Chennai
d. Manipal
e. Hyderabad
Q. Indian Financial Network [INFINET] is the :-
a. communication backbone for the Indian Banking and Financial sector
b. association of the employers of the banking and financial sector
c. closed user group network of SBI and its subsidiaries
d. all of the above
e. None of the above
Q. As per RBI statement, the proposed Universal Bank shall have a minimum net worth of at lla times.
a. Rs. 500 crore
b. Rs. 100 crore
c. Rs. 50 crore
d. Rs. 10 crore
e. Rs. 1000 crore
Q. What is a stale cheque?
a. A cheque with only signature of the drawer
b. A cheque which has completed 6 months from the date of its issue
c. A cheque issued without drawer’s signature.
d. All of the above
e. None of these
Q. Capital market can be divided into:-
a. industrial securities market
b. gilt edged market
c. personal securities market
d. both 1 and 2
e. none of the above .
Q. Who is the president of FICCI?
a. Dr. Naushad Forbes
b. Sunil Kanoria
c. Pankaj R.Patel
d. Shashenk manohar
e. Anent Geete
Q. The full form of BBPS is
a. Bill Finger Berger Power Series
b. Best Business Practice
c. Bharat Bill Payment Service
d. Bharat Bill Payment System
e. Bharat Bill Payment Status
Q. Bank rate policy, open market operations,variable reserve requirements and statutory liquidity requirements as measures of credit control are classified as :-
a. quantitative methods
b. qualitative methods
c. weighted average method
d. both 1 and 2
e. none of the above .
Q. Interest on savings bank account is nowcalculated by banks on?
a. Minimum balance from 7th to last day of the month
b. Daily product basis
c. Minimum balance from 10th to last day of the month
d. Minimum balance during the month
e. None of these
Q. Who fixes the interest on Savings Deposit?
a. Reserve Bank of India
b. Government of India
c. Respective Banks
d. Finance Minister
e. None of these