Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Which Bank is called Apex Bank?
a. Development Bank of India
b. NABARD
c. Reserve Bank of India
d. SBI
e. EXIM Bank
Q. Which of the following is known as demat accounts?
a. Accounts in which share of various companies are traded in electric form.
b. Accounts which are zero balance accounts
c. Accounts which are operated through internet facility
d. Accounts which are used for saving purpose
e. None of these
Q. When a bank returns a cheque unpaid, it iscalled
a. talking of the cheque
b. payment of the cheque
c. drawing of the cheque
d. dishonour of the cheque
e. None of these
Q. The rate at which banks borrows from the RBI is called
a. SLR
b. Repo Rate
c. Reverse repo rate
d. Bank rate
e. None of these
Q. What was the purpose of setting up Narsimhan committee-2?
a. efficiency and productivity of financial institution
b. banking reform process
c. export of it sector
d. fiscal reform process
e. None of these
Q. Which of the following terms is used inBanking?
a. Epicenter
b. Pascal
c. Latency
d. Verticity
e. Inflation
Q. Initial repayment holiday given to borrowerfor repayment of loan is called as
a. EMI
b. moratorium
c. Amortization
d. Subvention
e. None of these
Q. The Bank of Calcutta, Bank of Bombay andBank of Madras were merged in 1921 to form
a. Reserve Bank of India
b. Imperial Bank of India
c. Bank of India
d. Union Bank of India
e. None of these
Q. Which report is published by World Bankevery year?
a. human development report
b. world development report
c. international finance and development report
d. world trade development report
e. None of these
Q. Payment of a cheque cannot be made on acash counter of the bank if the cheque is:-
a. bearer
b. cross
c. order
d. all of the above
e. None of these
Q. What is a corporate Hedging?
a. It is a mechanism to protect firm’s exposure to eqity risk
b. It is a mechanism to protect firm’s Exposure to market risk
c. It is a mechanism to protect firm’s exposure to forex risk
d. It is a mechanism to protect firm’s exposure in International trade
e. None of these
Q. Which of the following institutions is involved in granting Housing Loans?
a. RBI
b. SBI
c. IBA
d. ICICI
e. HDFC
Q. Expand terms means IFRS
a. Indian Financial Review Standards
b. Indian Financial Reporting Standards
c. International Financial Review Standards
d. International Financial Reporting Standards
e. None of these
Q. Banks keep notes/ coins in Currency Chest onBehalf of which of the following?
a. Their own self
b. The Central Government
c. The Reserve Bank of India
d. Their Head Office
e. None of these