Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Which among the following bank has offered the best interest on saving accounts in India by Jan 2015?
a. Yes bank
b. Kotatk Mahindra Bank
c. IndusInd Bank
d. Lakshmi Vilas Bank
e. None of these
Q. IFSC in a cheque means:
a. Indian Financial System Code
b. It has 11 digits alpha numeric
c. First 4 digits represent Bank Name
d. This code is used in remitting funds through RTGS and NEFT
e. All the above
Q. M-wallet (mobile wallet) application calledBuddy lauched by which of the following bank?
a. Axis
b. State bank of Travancore
c. ICICI
d. SBI
e. None of these
Q. Which of the following statements is correct about banks?
a. Banks cannot accept demand and time deposits from public.
b. Banks can accept only time deposits from public.
c. Banks can accept both demand and time deposits from publi
d. Banks can accept demand and time deposits only from government.
e. None of the above
Q. Which committee is heading the conversion of Urban Cooperative Banks into Regular Banks?
a. R Gandhi
b. H R Khan
c. Urjit R. Patel
d. S. S. Mundra
e. None of these
Q. Banking Ombudsman services are available to:
a. All Scheduled Commercial Banks
b. Regional Rural Banks
c. Scheduled Primary Co-operative Banks
d. Only a & c
e. All the above
Q. When the conversion rate of our currency goes high in compared to other currency , it is known as-
a. Rupee Appreciation
b. Rupee Devaluation
c. Rupee Demodulation
d. Rupee Depreciation
e. None of these
Q. The announcement of Bank holidays on 2nd and 4th Saturday will be effective from-
a. 31st August 2015
b. 1st September 2015
c. 30th August 2015
d. 30th September 2015
e. None of these
Q. "Allonge" is
a. A piece of paper for making endorsements
b. A piece of paper attached to a negotiable instrument for making available more space for further endorsements
c. Both a and b
d. Duplicate DD issued to a customer
e. Bill payable after sight
Q. Which of the following is not the function of Payment bank?
a. Issue of ATM /Debit card
b. Issue of Credit Card
c. Accepts Deposits
d. Provides remittances
e. None of these
Q. In which of the following market does devaluation of currency happen?
a. Fixed exchange rate
b. Floating exchange rate
c. Pegged exchange rate
d. Either A or B
e. None of these
Q. Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
a. Fixed Income
b. Specific Fund
c. Close Ended
d. Open Ended
e. Mixed Fund
Q. At Present, What is the maximum amount thata payment bank can accept from a depositer?
a. Rs.5 lakhs
b. Rs.1 lakh
c. Rs.2 lakhs
d. Rs.75000
e. None of these
Q. Basic Objective of SEBI is/are:
a. To promote the interests of investors in securities
b. To promote the development of Securities Market
c. To regulate the securities market
d. To protect the interest of the investors to improve the stock market investments
e. All of the above