Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Co-Operative Bank in India has a .
a. Four tier system
b. Two tier system
c. Three tier system
d. Five tier system
e. Six tier system
Q. RBI known as lender of last restore because:
a. It has to meet the credit need to citizens to whom no one else is willing to lend
b. Banks lend to go to RBI as a last restore
c. It comes to help banks in times of crisis
d. All of the above
e. None of these
Q. The seed capital of Bharatiya Mahila Bank is
a. Rs.5000 crore
b. Rs.1000 crore
c. Rs.500 crore
d. Rs.100 crore
e. None of the above
Q. Which is incorrect with regard to powers of RBI:
a. Holds cash reserve banks
b. Controls banking system through licensing
c. Supervises Banking system through inspection
d. None of the above
e. All of the above
Q. Which of the following is an investmentadvisory discipline?
a. Corporate Industrial Finance
b. Offshare Banking
c. Wholesale Banking
d. Wealth Management
e. Trade Finance
Q. When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as:
a. Term Deposit
b. Demand Deposit
c. Bond
d. Mortgage
e. Advance
Q. When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called
a. Revenue Deficit
b. Budgetary Deficit
c. Zero Budgeting
d. Trade Gap
e. Balance of Payment Problem
Q. Which of the following is not the name of a bank functioning in India?
a. Central Bank of India
b. UCO Bank
c. Aegon Religare
d. Dena Bank
e. ICICI Bank
Q. Lack of access to financial services istechnically known as
a. Financial Instability
b. Financial Stability
c. Financial Inclusion
d. Financial Exclusion
e. Poverty
Q. Which of the following can be categories as aMerchant Banking service?
a. Consultancy on finance to a company
b. Advance in capital structure
c. Managing mergers
d. Helping in finalizing take over
e. All the above
Q. What is the maturity period for senior citizen savings scheme?
a. 3 years
b. 5 years
c. 2 years
d. 7 years
e. 4 years
Q. Crossing denotes
a. that the cheque will not be paid across the counter but will be credited to the account of the holder
b. that the cheque cannot be transferred by the payee named therein
c. that the cheque will be paid through clearing only
d. a direction to the paying bank to make payment of the cheque through a bank
e. none of the above
Q. Which of the following private banks has signed an agreement with Reliance Jio Money for One-Click payment service ?
a. Laxmi Vilas Bank
b. Federal Bank
c. South Indian Bank
d. Karnataka Bank
e. Karur Vysya Bank
Q. Who is primarily liable on a cheque?
a. Drawee banker
b. Drawer
c. Payee
d. Collecting banker
e. None of these
Q. Who is the MD and CEO of Vijaya Bank?
a. Suresh N Patel
b. Kishore Kumar Sansi
c. Sushil Muhnot
d. Kishore Piraji Kharat
e. None of these