Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. A customer wishes to purchase some US dollars in India. She/he should go to:
a. Public Debt Division of the RBI only
b. American Express Bank only
c. RBI or any branch of a bank which is authorized for such business
d. Ministry of foreign affairs
e. None of these
Q. Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign nation?
a. Personal loan
b. Corporate loan
c. Educational loan
d. Mortgage loan
e. None of these
Q. Which amongst the following organizations make major credit policies for the RRBs?
a. NABARD
b. Asian development bank
c. World bank
d. SBI
e. None of these
Q. The head office of the National bank for agriculture and rural development (NABARD) is located in?
a. New Delhi
b. Hyderabad
c. Mumbai
d. Lucknow
e. None of these
Q. Which of the following is an easy way ofproviding credit to the farmer community?
a. Kisan credit card
b. Indira vikas patra
c. National saving certificates
d. Loan against gold
e. None of these
Q. Many times we read in newspapers that the RBI has revised certain rates/ ratios under LAF. What is the full form of LAF?
a. Liquidity Adjustment Facility.
b. Legal Adjustment Facility
c. Long-term Achievement Facility
d. Legal Adjustment Formality
e. None of these
Q. Which of the following is an international forum to discuss and implement supervisory norms in all the banks of the world?
a. Basel Committee
b. UN charter on commercial laws.
c. World trade organization
d. International Board of banks and finance
e. None of these
Q. What is the full form of NBFC as used in the financial sector?
a. New banking finance company
b. National banking and Finance Corporation
c. New business finance and credit
d. New business fund company
e. None of these
Q. The functions of the lead bank are performed by:
a. SBI
b. RBI
c. Any bank
d. A bank designed for this purpose
e. None of these
Q. Central Co-operative banks work at:
a. District level
b. State level
c. National level
d. Block level
e. None of these
Q. The largest public sector commercial bank of India is the
a. Bank of India
b. RBI
c. SBI
d. Union bank of India
e. None of these
Q. Which one of the following statements is correct regarding increase in the CRR in India?
a. It increases credit creation
b. It reduces credit creation
c. It does not affect credit
d. It denoted liberal monetary policy
e. None of these
Q. Which among the following sectors contributes most to the saving in India?
a. Banking and financial sector
b. Private corporate sector
c. Export sector
d. Household sector
e. None of these
Q. Government of India, for the first time nationalized 14 large commercial banks in the year
a. 1956
b. 1959
c. 1969
d. 1972
e. None of these
Q. PAN card issued by the income tax department cannot be used for which of the following purpose?
a. Proof of identity
b. Proof of a registered tax payer
c. Proof of address
d. Proof of date of birth
e. None of these