Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Open Money Market is a place for selling andbuying of financial instrument by .
a. All financial institutions
b. Only by Commercial Banks
c. Only by Common Banks
d. Indian Government
e. None of the above
Q. Which of the following is the first commercial bank to launch mutual fund?
a. State Bank of India
b. Canara Bank
c. PNB
d. Bank of India
e. None of these
Q. Who can invest in a commercial paper?
a. Individuals
b. Banking Companies
c. Corporate bodies registered or incorporated in India and unincorporated bodies, Non- Resident Indians (NRIs) and Foreign Institutional Investors (FIIs)
d. All of the above
e. None of these
Q. The committee on Banking Regulations and Supervisory Practices which released the agreed frame work on international convergence of capital measures and capital standards in July 1988 is popularly known as .
a. Vaz Committee
b. Cooks Committee
c. Basel Committee
d. Rao Committee
e. None of these
Q. Which is the first Public Sector Bank to issue capital to public?
a. Indian Overseas Bank
b. Syndicate Bank
c. Oriental Bank of Commerce
d. Punjab National Bank
e. None of these
Q. Which of the following rates is not decided by the RBI?
a. Bank Rate
b. Repo Rate
c. Reverse Repo Rate
d. Prime Lending Rate
e. None of these
Q. Which of following is NOT a function of the Reserve Bank of India?
a. Fiscal Policy Functions
b. Exchange Control Functions
c. Issuance, Exchange and destruction of currency notes
d. Monetary Authority Functions
e. Supervisory and Control Functions
Q. With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country
a. Will
b. Registration
c. Nomination
d. Indemnity
e. Guarantee
Q. Banks in our country normally publicize thatadditional interest rate is allowed on retail domestic term deposits of .
a. Minors
b. Married women
c. Senior citizens
d. Govt. employees
e. Rural residents
Q. On which one of the following issues IMF has supported monetary policy of India?
a. Introduction of GST.
b. Stimulus for agriculture sector
c. Concessions for foreign investment
d. Tightening of monetary policy
e. None of these
Q. When the loan is granted for purchase of white goods it is called .
a. Consumption loan
b. White goods loan
c. Consumer durable loan
d. Business loan
e. Proprietary loan
Q. Which of the following organization / agencies has established a fund known as Investor Protection Fund?
a. RBI
b. SIDBI
c. Bombay Stock Exchange
d. Ministry of Finance
e. Ministry of Commerce & Industry