Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. A transfer of money from a migrant worker to their families or other individuals in their home countries is known as
a. Inward Remittance
b. Foreign Remittance
c. Commercial banking
d. Wholesale banking
e. None of these
Q. While discussing investments there is mention of short term government security. What is this type of investment known as
a. Debenture
b. Share
c. Mutual Funds
d. Treasury Bill
e. None of these
Q. Regional rural banks are managed by ?
a. The Central Government
b. Sponsored Bank
c. The State Government
d. All of the above
e. None of the above
Q. Which of the following has become the firstIndian lender to complete a banking transaction using Blockchain technology?
a. HDFC Bank
b. ICICI Bank
c. Axis Bank
d. Federal Bank
e. YES Bank
Q. The main mandate of Payments Banks is tooffer which of the following?
a. Lending services
b. Credit cards
c. Bancasurance service
d. Remittance services
e. None of these
Q. Under the RBI,s SDR scheme, banks canconvert their loans into equity, acquire a majority stake in the firm and bring in new promoters, Here the term SDR means
a. Systematic Debt Restructuring
b. Special Debt Restructuring
c. Supplementary Debt Restructuring
d. Strategic Debt Restructuring
e. None of these
Q. Usually, the validity period of an Income TaxRefund Order is?
a. 1 months
b. 2 months
c. 3 months
d. 6 months
e. None of the above
Q. Money laundering is related to ----------------------------
a. To reduce the number of families which lives below poverty line
b. To reduce the NPA of Banks
c. To reduce the Black Money
d. To reduce the umemployment rate.
e. None of these
Q. NAMA word is related to which organisation?
a. World Trade Organisation
b. UNCTAD
c. International Monetary Fund
d. World Bank
e. None of these
Q. Service Area Approach (SAA) is associatedWith?
a. Development banks
b. Branches of commercial banks situated in metro cities
c. Urban branches of commercial banks
d. Rural and Semi-urban branches of commercial banks
e. None of these
Q. When was the 2nd phase of nationalization ofbanks done?
a. 15th April 1980
b. 25th june 1969
c. 20th Aug. 1979
d. 15th Aug. 1980
e. None of these
Q. The object of introducing base rate by RBIis (A) Enhancing transparency in lending rates of (B) Enabling better assessment of transmission of monetary (C) Keeping interest rates low
a. A and B
b. Only C
c. Only B
d. All of above
e. None of these
Q. What is the full form of LERMS ?
a. Liberalised Exchange Rate Management System
b. Long Elimination Reserve Management System
c. Liberalised Extended Related Management Stock
d. Linguistic Exchange Reserve Management Scenario
e. None of these
Q. Certificate of Deposit (CDs) and Commercial Paper (CPs) are the instruments widely used in which of the following financial sector market..?
a. Credit Market
b. Stock Market
c. Corporate Debt Market
d. Money Market
e. Forex Market
Q. To authenticate a Digital Signature in Cheque Truncation System (CTS), which of the following keys are used..
a. Private Key
b. Public Key
c. Master Key
d. All of these
e. None of these