Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. FDI refers to—
a. Fixed Deposit Interest
b. Fixed Deposit Investment
c. Foreign Direct Investment
d. Future Derivative Investment
e. None of these
Q. Which of the following is known as plastic money?
a. bearer cheques
b. credit cards
c. demand drafts
d. gift cheques
e. None of these
Q. Which is the first Indian company to be listed in NASDAQ ?
a. Reliance
b. TCS
c. HCL
d. Infosys
e. None of these
Q. Which among the following decides the oil Prices in India?
a. Government of India
b. Government of Respective states
c. Ministry of Petroleum
d. Oil Companies
e. None of these
Q. Which sister organization of the World Bank provides long term loans at zero interest to the poorest developing countries?
a. Asian Development Bank
b. IMF
c. International Developmental Association
d. International Finance Corporation
e. None of these
Q. DSCR indicates the ability of a company to-
a. Meet its current liabilities
b. Service its share holders
c. Meet its long term debt obligations
d. Raise further capital
e. None of these
Q. When there is an inflationary trend in the economy what would be trend in the pricing of the Bank products?
a. Increasing trend
b. Decreasing trend
c. Constant trend
d. There is no relevance of the inflation in pricing of the Banking Products
e. None of these
Q. Banks in our country normally publicize additional interest rate is allowed on retail domestic term deposits of?
a. Minors
b. Married Women
c. Senior citizens
d. Government Employees
e. Rural residents
Q. When the rate of inflation increases?
a. Purchasing power of money increases
b. Purchasing power of money decreases
c. Value of money increases
d. Purchasing power of money remains unaffected
e. Amount of money in circulation decreases
Q. A centralized database with online connectivity to branches, internet as well as ATM- network which has been adopted by almost all major banks of our country is known as?
a. Investment Banking
b. Core Banking
c. Mobile Banking
d. National Banking
e. Specialized Banking
Q. Which of the following is necessary while opening deposit accounts in banks?
a. Will
b. Registration
c. Nomination
d. Indemnity
e. Guarantee
Q. Which of the following organizations issue the rules of global trade?
a. IMF
b. World Trade Organization
c. Foreign trade
d. G-20
e. None
Q. One single statement that depicts the financial position of a Bank and / or Business enterprise at a given point of time is called:
a. Statement of product details
b. Foreign exchange
c. Balance Sheet
d. Balance of payment
e. Trading and Manufacturing account
Q. The Reverse Mortgage scheme is launched to give benefit to which of the following groups of society?
a. Persons below 60 yrs
b. Senior Citizens
c. Unemployed youth
d. Orphans
e. All
Q. One of the major challenges banking industry is facing these days is curbing deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following act is passed to prevent this activity?
a. Payment & settlements Act
b. Control money supply Act
c. Narcotics and Psychotropic substance Act
d. Prevention of Money laundering Act
e. None