Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. The inflation led by rising food prices caused by increased demand foragricultural commodities is called –
a. Hyperinflation
b. Stagflation
c. Agflation
d. Deflation
e. None of these
Q. Which of the following type of budgeting being used in India?
a. Balanced Budget
b. Zero base Budget
c. Receipts Budget
d. All of the above
e. None of these
Q. Rise in inflation rate leads to decline in ?
a. Interest rate
b. Raise in the deposits in the banks
c. Decrease the real interest rate
d. Raise the credit growth by banks
e. None of the above
Q. The sheet of record which contains all monetary transaction between an country and the rest of the world is called –
a. Balance of trade
b. Balance of Payment
c. Balance sheet
d. Export-Import Data
e. None of these
Q. Fiscal deficit is .
a. Total income less government borrowing
b. Total payments less total receipts
c. Total payments less capital receipts
d. Total expenditure less total receipts excluding borrowing
e. None of these
Q. On the current account balances maintained by the Regional Rural Banks with them, the commercial banks may
a. Pay interest up to 9 per cent
b. Pay interest at such rate as may be mutually agreed to
c. Pay interest as applicable to savings accounts
d. Waive incidental charges
e. All of the above
Q. The one-rupee note bears the signature of .
a. RBI Governor
b. Deputy Governor
c. Finance Secretary
d. Finance Minister
e. None of these
Q. The Bank shall have to state their lending policies. These would include
a. Exposure limits and eligible borrowers
b. Documentation standards, maturity and pricing options
c. Write off review procedures
d. All the above
e. None of these
Q. What is the limitation period for filing a case in a Consumer court?
a. Two years from the date of cause of action
b. Two years from the date purchase of good or service
c. Three year from the date of cause of action
d. One month from the date of purchase
e. None of these
Q. The tax levied by Local Governments i.e. Municipal Corporations and municipalities is .
a. Income Tax
b. Wealth Tax
c. House Tax
d. Gift Tax
e. None of these
Q. For which of the following bank account thereis no deduction of TDS?
a. Saving Bank accounts
b. Recurring Deposit accounts
c. Term deposit Accounts
d. Both A & B
e. None of these
Q. The banks get benefited most from which of the following entity ?
a. Fee of services
b. Loans
c. Securities
d. Saving Account
e. None of these
Q. What can be the maximum limit of CRR for a commercial bank to maintain cash with RBI?
a. 55%
b. 40%
c. 50%
d. 49%
e. None of these
Q. Which amongst the following is not term deposits issued by commercial banks?
a. Current account
b. Fixed deposit
c. Recurring deposit
d. Reinvestment deposit
e. all the above