Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Closed Economy is one in which:
a. only export takes place
b. money supply is fully controlled
c. deficit financing takes place
d. neither export nor import takes place
e. None of the above
Q. IDBI was established ina)1961
a. 15%b)1962
b. 20%c)1963
c. 25%d)1964
d. 30%e)1965
e. None of the Above
Q. After State Bank of India, which of thefollowing banks has the largest number of offices?
a. Punjab National Bank
b. Bank of India
c. Andhra Bank
d. Canara Bank
e. None of these
Q. With which of following types of loans are teaser rates related?
a. Home loans
b. Personal loans
c. Auto loans
d. Reverse mortgage loans
e. None of these
Q. In which denomination were India's first bimetallic coins issued in the year 2009?
a. Rs. 100
b. Rs. 5
c. Rs. 10
d. Re. 1
e. None of these
Q. Part of company‘s earning or profit which is paid out to share holders is known as
a. Premium
b. Dividend
c. Bonus
d. Sum Assured
e. Return
Q. What is the duration of Public Provident Fund (PPF) account?
a. 3 years
b. 5 years
c. 9 years
d. 15 years
e. 18 years
Q. The ability of commercial banks to increase their deposits by expanding their loans and advances is known as .
a. Capital Expansion
b. Capital Creation
c. Credit Expansion
d. Credit Control
e. Credit Creation
Q. Which was the first bank to introduce ATM in India?
a. HSBC
b. Standard Chartered Bank
c. State Bank of India
d. United Bank of India
e. None of these
Q. What is the GDP growth projected in the 2015-16?
a. 8-8.5%
b. 9-9.7%
c. 8-9%
d. 7.7 to 8.5%
e. None of these
Q. In which year was the Reserve Bank of India established ?
a. 1935
b. 1947
c. 1949
d. 1952
e. None of these
Q. Which of the following terms is used inbanking field?
a. Interest rate swap
b. Input devices
c. Sedimentary
d. Zero Hour
e. None of these
Q. Which of the following banks was inaugurated by Mahatma Gandhi in 1919?
a. Bank of Maharashtra
b. Bank of Baroda
c. State Bank of Saurashtra
d. Union Bank of India
e. None of these
Q. The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called
a. Cash reserves
b. Deposit reserves
c. Excess reserves
d. Momentary reserves
e. None of these
Q. What is the term for a bank without any branch network that offers its services remotely?
a. Internet only Banks
b. Direct Bank
c. Lending Institution
d. Indirect Bank
e. Online Bank