Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. The Imperial Bank of India, after its nationalization came to be known as
a. Reserve Bank of India
b. State Bank of India
c. United Bank of India
d. Indian Overseas Bank
e. None of these
Q. Which of the following rates are reviewed by the RBI at the time of periodical review of the policy?1). Bank 2). Repo 3). Savings bank rate
a. Only 1
b. Only 2
c. Both 1 and 2
d. All the three
e. None of these
Q. Expand the term LIBOR as used in financialbanking sectors?
a. Local Indian Bank Offered Rate
b. London-India Bureau Of Regulations
c. Liberal International Bank Official Ratio
d. London Inter Bank Offered Rate
e. None of these
Q. Cash kept in the currency chest is owned by?
a. Currency Chest branch bank
b. State Bank of India
c. Central Government
d. Reserve Bank of India
e. None of these
Q. Which bank has acquired the Sharekhan.com- broking and trading company?
a. HSBC
b. BNP Paribas
c. Deutsche Bank
d. ING Vysya
e. None of these
Q. Which of the following institution is meant for small and medium enterprises?
a. RBI
b. SIDBI
c. IFCI
d. NABARD
e. None of these
Q. What is the full form of FATCA?
a. Forex Account Tax Compliance Act
b. Foreign Account Tax Compliance Act
c. Forex Account Total Compliance Act
d. Foreign Account Total Compliance Act
e. None of these
Q. Interest payable on savings bank accounts is-
a. decided by banks without following any conditions by RBI.
b. not regulated by RBI.
c. regulated by central government.
d. decided by banks following the guidelines of RBI
e. None of these
Q. If the rate of inflation increases then the-
a. purchasing power of money increases.
b. purchasing power of money decreases.
c. purchasing power of money remains uneffected.
d. All of these
e. None of thes
Q. In India, National income is estimated by ?
a. Planning Commission
b. Indian Statistical Institute
c. Central Statistical Office
d. National Sample Survey Organisation
e. None of these
Q. Medium-term industrial finance refers to thefunds required for a period of one year to
a. 6 years
b. 2 years
c. 3 years
d. 4 years
e. 5 years
Q. What does the acronym IFCI mean?
a. International Finance Corporation of India
b. Industrial Finance Corporation of India
c. Institute of Financial Consultants of India
d. Industrial Finance Council of India
e. None of these
Q. Banks are required to provide loans to the priority sector upto a specified limit. What is the limit for public sector bank?
a. 50%
b. 20%
c. 40%
d. 10%
e. None of these
Q. Which of the following bank has its headquarters in Tamil Nadu?
a. Dhanalakshmi Bank
b. Karur Vysya Bank
c. South Indian Bank
d. Catholic Syrian Bank Ltd
e. None of these
Q. Which of the following scheme was formulated by RBI?
a. Banking Ombudsman Scheme
b. Jan Dhan Yojana
c. MUDRA Bank Yojana
d. Boutique Financing Scheme
e. None of these