Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Public Sector Banks are required to pay how much percentage of their net bank credit to Priority Sector in advance?
a. 5%
b. 7%
c. 40%
d. 15%
e. None of the above
Q. Certificate of Deposits can be issued for a maximum period of ?
a. 30 days
b. 90 days
c. 180 days
d. 365 days
e. None of these
Q. What is the full form of SEPA?
a. Simple Euro Payments Area
b. Simple Euro Payments Attempt
c. Single Euro Payments Area
d. Single Euro Payments Attempt
e. Standard Euro Payments Are
Q. Which bank had the highest concentrations of operations overseas in 2010?
a. Bank of Baroda
b. Bank of India
c. State Bank of India
d. Union Bank of India
e. None of these
Q. Which of the following is the central bank of U.S.A?
a. Federation of Banks in U.S.A.
b. Central Bank of U.S.A.
c. Federal Reserve
d. Bank of America
e. None of these
Q. The rate at which banks borrows from the RBI is called?
a. SLR
b. Repo Rate
c. Reserve repo rate
d. Bank rate
e. None of these
Q. Bank can grant Loans against..?
a. LIC Policy
b. CDs (Certificate of Deposits)
c. FD issued by Other Bank
d. Mutual Fund
e. None of the Above
Q. National Institute of Bank Management(NIBM) is located at..?
a. Mumbai
b. Hyderabad
c. Pune
d. Kolkata
e. New Delhi
Q. Telebanking service is based on .
a. Virtual Banking
b. Online Banking
c. Core Banking
d. Voice Banking
e. None of these
Q. Which one of the following does not quality as priority sector lending by Commercial Banks?
a. Small Industrial Loan
b. Software Exports
c. Small Business Loans
d. Education Loans
e. None of these
Q. For using safe deposit locker facilities, bank customers pay
a. Exchange on locker
b. Commission on locker
c. Rent on locker
d. Safe custody charges
e. None of these
Q. What is the full form of ECB?
a. External Cooperative Borrowings.
b. Extra Cooperative Borrowings.
c. External Commercial Borrowings.
d. Extra Commercial Borrowings.
e. None of these
Q. The definition of 'Banking' is given in
a. Negotiable Instrument Act. 1881
b. RBI Act, 1934
c. The Banking Regulation Act, 1949
d. The Indian Contract Act, 1872
e. None of these
Q. Which of the following is the least liquid asset?
a. Money
b. Shares
c. Machinery
d. Special deposits
e. None of these
Q. What does cheap rate imply?
a. Interest are very high
b. Interest rate are very low
c. Interest are medium
d. All of the above
e. None of these