Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Who decides the value and volume of bank notes to be printed and on what basis?
a. Finance Ministry
b. Planning Commission
c. RBI
d. Stock Exchange
e. None of these
Q. The largest number of commercial banks offices are located in?84). What is the purpose of KYC in banking?
a. It is used for customer identification
b. It is used for increasing the CRR of banks
c. It is used against money laundering
d. It is used by the central bank to control liquidity
e. Both (a) and (c)
Q. To maintain price stability, while keeping in mind the objective of growth, RBI Act 1934 has been amended by the finance Act, 2016 to provide for a statutory and institutionalized framework for MPC. In this context, MPC stands for .
a. Money Policy Committee
b. Monetary Prime Committee
c. Monetary Public Committee
d. Maintain Policy Committee
e. Monetary Policy Committee
Q. RBI issue currency rupee notes on bases of .
a. By holding minimum value of gold coins and bullion
b. By holding minimum foreign securities as a part of the total approved assets
c. By holding minimum amount of commodities which are trading in commodity exchanges
d. Only a and b
e. All the above
Q. Who is the ex-officio chairperson of the Monetary policy Committee (MPC)?
a. Finance secretary, Government of India
b. Finance Minister
c. RBI Governor
d. Chief Economic Advisor to Government of India
e. Prime Minister
Q. What is inflation?
a. increase in value of currency
b. decrease in value of currency
c. increase in value of commodities
d. decrease in value of commodities
e. None of the above
Q. Which of the following is/are essential features of a genuine currency note?
a. The issuing authorities name should be printed it
b. The promise clause should be there
c. The guarantee clause should be there
d. All of the above
e. None of these
Q. What is Call Money ?
a. Money borrowed or lent for a day or over night
b. Money borrowed for more than one day but upto 3 days
c. Money borrowed for more than one day but upto 7 days
d. Money borrowed for more than one day but upto 14 days
e. None of these
Q. The headquarters of Investment Information& Credit Rating Agency(ICRA) Limited is located in
a. Mumbai
b. New Delhi
c. Noida
d. Gurugram
e. Hyderabad
Q. Which of the following is a measure taken by Reserve Bank of India to control inflation in our country?
a. Increase in CRR
b. Increase in SLR
c. Contraction of supply of currency
d. Raising of Repo / Reverse Repo Rate
e. Decrease the SLR
Q. The Indian person who received the Nobel Prize in Economic?
a. Rabindra Nath Tagore
b. C.V. Raman
c. Amartya Sen
d. Dr. Radha Krishan
e. None of these
Q. What does the M in M-banking stands for?
a. money
b. marginal
c. message
d. mutual fund
e. mobile
Q. Where is the head quarter of sequrities and Exchange Board of India (SEBI)?
a. Pune
b. Bangalore
c. Mumbai
d. Delhi
e. None of these
Q. What is Repo Rate?
a. It is a rate at which RBI sells government securities to banks
b. It is a rate at which RBI buys government securities from banks
c. It is a rate at which RBI allows small loans in market
d. All of these
e. None of these