Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Group of people such as workers who pool their 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 of the following banks have become thefirst banks to join SWIFT‘s global payments initiative?
a. ICICI and HDFC Bank
b. IndusInd Bank and SBI
c. PNB and Federal Bank
d. Axis Bank and ICICI
e. ICICI and SBI
Q. NBFCs consist of
a. Equipment Leasing Company and Investment Company
b. Hire purchase Finance Company and Mutual Benefit Finance Company
c. all of the above
d. None of the above
e. collection of funds from a larger of investors
Q. Recently, Yeldi Softcom received a licence for RBI to set up which of the following?
a. open wallet
b. semi-closed wallet
c. closed wallet
d. semi-open wallet
e. None of these
Q. The Kisan Credit Card Scheme is beingimplemented by all
a. Public Sector Commercial Banks
b. Regional Rural Banks
c. State Cooperative Banks/DCCBs/PACS and Scheduled Primary Cooperative Banks
d. All of the above
e. None of the above
Q. RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms?
a. Syndicate Bank
b. United Bank of India
c. Indian Overseas Bank
d. UCO Bank
e. Vijaya Bank
Q. Demand draft is a
a. not negotiable instrument
b. not transferable instrument
c. negotiable instrument
d. Quasi-negotiable instrument
e. none of the above
Q. The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year?
a. Rs 5 crore
b. Rs 7 crore
c. Rs 5.5 crore
d. Rs 6.2 crore
e. Rs 6 crore
Q. By crossing we mean
a. two horizontal lines on a cheque
b. one straight line across the cheque
c. two lines across the cheque making ‘X’
d. two transverse parallel lines on a cheque
e. none of the above
Q. Caixa Bank has been headquartered in
a. United Kingdom
b. Spain
c. Singapore
d. South Africa
e. None of these
Q. Capital market can be divided into
a. industrial securities market
b. gilt edged market
c. personal securities market
d. both a) and b)
e. none of the above
Q. The Headquarters of Capital Local Area Bank is situated in
a. Amritstar, Punjab
b. Ludhiana, Punjab
c. Bathinda, Punjab
d. Jalandhar, Punjab
e. None of these
Q. What are the facilities available to thecustomers through ATM
a. Cash withdrawal subject to a predetermined limit per day
b. Cash deposit
c. Balance enquiry
d. details of certain number of transactions
e. all of the above
Q. The following are main objectives of the SEBI
a. to protect interest of investors
b. to promote the development of security market
c. to regulate the security market
d. all of the above
e. none of the above
Q. DBS Bank has been headquartered in
a. United Kingdom
b. Spain
c. Singapore
d. South Africa
e. None of these