Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. What type of loan is granted by banks for purchase of the White Goods?
a. Home Loan
b. Jewel Loan
c. Finance Loan
d. Consumer Durables Loan
e. Both a) And c)
Q. An account is considered dormant when there is no transaction through it for more than
a. 12 months
b. 6 months
c. 18 months
d. 24 months
e. None of these
Q. The commercial paper can be issued by ?
a. Corporates
b. Reserve Bank of India
c. IDBI
d. Every non-banking company
e. None of the above
Q. Who is the MD and CEO of Corporation Bank?
a. Suresh N Patel
b. Jai Kumar Garg
c. R K Takkar
d. M O Rego
e. None of these
Q. Under which of the following methods ofdepreciation, amount of depreciation varies every year?
a. Written Down Value Method
b. Straight Line Method
c. Amount of depreciation does not very on year to year basis
d. All of the above
e. None of the above
Q. Which city gets the countries first Talking ATM?
a. Ahemedabad, Gujarath
b. Chennai, Tamilnadu
c. Thiruvananthapuram, Kerale
d. Both a) and b)
e. None of these
Q. Ashok Kumar Pradhan, chief General Manager at state bank of Bihar & Jaipur, has been appointed as executive Director at
a. United Bank of India
b. Union Bank of India
c. Allahabad Bank
d. Bank of Maharashtra
e. Punjab National Bank
Q. One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called ?
a. Overdraft
b. Temporary loan
c. Short term finance
d. Ways and Means advance
e. None of the above
Q. A rise in the reserve ratio of banks ?
a. Will lead to an increase in the money supply
b. Will lead to a proportionate increase in the money supply
c. Will lead to a decrease in the money supply
d. Will have no impact on money supply
e. None of the above
Q. Devaluation of money means
a. Decrease in the internal value of money
b. Decrease in the external value of money
c. Decrease in the internal and external value of money
d. The government takes back currency notes of any denominations
e. None of these
Q. What is the full form of POPs?
a. Presence of Point
b. Points of Private
c. Presence of Presence
d. Points of Presence
e. Points of Public
Q. Savings bank accounts are generally opened by
a. firms
b. companies
c. association of persons
d. individuals
e. none of these
Q. Which of the following is the authority foreffecting changes in the Cash Reserve Ratio and Statutory Liquidity Ratio?
a. Reserve Bank of India
b. Indian Bank’s Association
c. Government of India
d. IDBI
e. None of the above
Q. Which of the following is Annuity Service Provider?
a. Life Insurance Companies
b. Public Sector Banker
c. Private Sector Banks
d. NBFCs
e. None of these
Q. A commercial bank law creates credit only ifit has
a. Cash in the vault
b. Excess reserves
c. Permission of Reserve Bank of India
d. Cooperation of other banks
e. None of these