Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. What is meant by a Scheduled Bank ?
a. A Bank functioning under procision of Banking Regulation Act. 1949
b. A Bank included in 2nd schedule of RBI Act 1934
c. A Bank incorporated under Banking Companies Act. 1956
d. A Bank authorised to do Banking functions
e. None of these
Q. National Income of India is estimated by?
a. Central Estimates Survey Committee
b. National Sample Survey Committee
c. Central Statistical Organization
d. Finance Ministry
e. None of these
Q. The maturity of Treasury Bills in India is always less than
a. 91 Days
b. 182 Days
c. 365 Days
d. 730 Days
e. 425 Days
Q. Which of the following is the basic objective of R.B.I's monetary policy ?
a. To control deficit in the balance of payment
b. To control public expenditure
c. To control deficit of the budget
d. To control cost and availability of money
e. None of these
Q. Deposits under NRE/FCNB accounts are linked to-
a. Base Rate
b. SIBOR
c. LIBOR
d. All of the above
e. None of these
Q. C V R Rajendran is the MD and CEO of which private sector bank?
a. Federal Bank
b. Catholic Syrian Bank
c. Karur Vysya Bank
d. South Indian Bank
e. None of these
Q. Loan taken by the person, not telling the purpose of taking loan is called
a. Non – Personal Loan
b. Secret Loan
c. Free Loan
d. Personal Loan
e. None of these
Q. Group of people such as workers who pooltheir money together for savings and to make loan is called a/an
a. Public Union
b. Credit Union
c. Labour Union
d. Cooperative Union
e. None of these
Q. Which one of the following is called as initial repayment holiday given to a borrower for repayment of loan?
a. Amortization
b. Moratorium
c. Subvention
d. Both a) and c)
e. None of these
Q. What does RTGS enable?
a. Immediate transfer of money from customer of one bank to customer of another bank
b. Immediate transfer of money from customer of one bank to customer of another branch within the same bank
c. Immediate transfer of money from customer of one bank to customer of another country
d. Immediate transfer of money from customer of one bank to customer of RBI
e. None of these
Q. The higher denomination banknotes in Rs. 1,000 ,Rs. 5,000 , Rs. 10,000 were reintroduced by RBI in the year
a. 1948
b. 2016
c. 1979
d. 1954
e. None of these
Q. Which of the following is held by a depository?
a. Shares
b. Debentures
c. Government Securities
d. Bonds
e. All of these
Q. Cash Reserve Ratio is maintained in the form of?
a. Government Securities
b. Balance with Reserve Bank of India
c. Balance with State Bank of India
d. All of the above
e. None of the above
Q. National Securities Depository Limited(NSDL) is promoted by?
a. IDBI Bank
b. Unit Trust of India
c. NSE
d. None of these
e. All of these