Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Which of the following scheme is not meantfor investment
a. National saving certificate
b. Infrastructure bonds
c. Mutual funds
d. Letter of credit
e. None of these
Q. Basel norms which are important regulatorystipulations are meant for which sector?
a. Insurance
b. Banking
c. Micro finance
d. Pension funds
e. None
Q. Systematic investment Plans relates to:
a. Mutual Funds
b. Life Insurance Companies
c. Commercial Banks
d. Post office savings schemes
e. None
Q. Which of the following is an example of cash less purchase?
a. Debit card
b. Credit card
c. ATM withdrawal
d. All of the above
e. None
Q. NBFCs are an important part of the Indian financial system. what is meant by this term?
a. New Banking Financial Companies
b. Non Banking Financial Companies
c. Neo Banking Financial Confederation
d. Non banking Fiscal Companies
e. None
Q. Banking loan against property requires the asset to be free from encumbrances. What does it mean?
a. The asset to be free from any liability
b. The asset to be properly registered
c. The property to be fully constructed
d. The asset should not have multiple owners
e. None
Q. RBI stipulates a healthy mix of CASA in the business figures of banks. What is CASA?
a. Customer Analysis and Savings Pattern
b. Cost Appreciation and selling Analysis
c. Current Account and saving Account
d. Credit and savings Aggregate
e. None of these
Q. The Rate at which the domestic currency canbe converted into foreign currency and viceversa is known as the
a. Exchange rate
b. MIBOR
c. Inter bank Call money rate
d. Base rate
e. LIBOR
Q. Now-a-days Banks are selling third partyproducts. Example of third party product is:
a. Mutual funds
b. Term deposits
c. Credit cards
d. All of these
e. None
Q. Electronic Clearing Service in banks can be availed only by:
a. Individuals
b. Corporates
c. Senior Citizens
d. All of these
e. None
Q. Interest payable on savings bank accounts is?
a. De-regulated by RBI
b. Regulated by State Governments
c. Regulated by Central Govt
d. Regulated by RBI
e. Regulated by Finance Minister
Q. The usual deposit accounts of banks are?
a. Current accounts, electricity accounts and insurance premium accounts.
b. Current accounts, post office savings, bank accounts and term deposit accounts.
c. Loan accounts, savings bank accounts and term deposit accounts.
d. Current accounts, savings bank accounts and term deposit accounts.
e. Current bill accounts and term deposit accounts.
Q. Fixed deposits and recurring deposits are?
a. Repayable after an agreed period
b. Repayable on demand
c. Not repayable
d. Repayable after death of depositors
e. Repayable on demand or after an agreed period as per bank’s choice
Q. Accounts are allowed to be operated bycheques in respect of?
a. Both savings bank accounts and fixed deposit accounts.
b. Savings bank accounts and current accounts.
c. Both savings bank accounts and loan accounts.
d. Both savings bank accounts and cash accounts only.
e. Both current accounts and fixed deposit accounts.
Q. Which of the following is correct statement?
a. No interest is paid on current deposit accounts.
b. Interest is paid on current accounts at the same rate as term deposit accounts.
c. The rate of interest on current accounts and savings accounts are the same.
d. No interest is paid on any deposit by the bank.
e. Savings deposits are the same as current deposits.