Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called?
a. Universal banking
b. Virtual banking
c. Narrow banking
d. Brick & Mortal banking
e. None
Q. Financial inclusion means provision of ?
a. Financial services namely payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the bank
b. Ration at affordable cost to persons not yet given the same
c. House at affordable cost to persons not yet given the same
d. Food at affordable cost to persons not yet given same
e. Education at affordable cost to persons not yet given the same
Q. When a bank returns a cheque unpaid, it is called?
a. Payment of the cheque
b. Drawing of the cheque
c. Canceling of the cheque
d. Dishonour of the cheque
e. Taking of the cheque
Q. Who is the Chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions (MFI) Sector?
a. YH Malegam
b. Dr. KC Chakraborty
c. C. Rangrajan
d. M. Damodaran
e. Usha Thorat
Q. NEFT means?
a. National Electronic Funds Transfer
b. Negotiated Efficient Fund Transfer system
c. National Efficient Fund Transfer solution
d. Non Effective Fund Transfer system
e. Negotiated Electronic Foreign Transfer system.
Q. Distribution of insurance products andinsurance policies by banks as corporate agents is known as?
a. General insurance
b. Non life insurance
c. Bancassurance
d. Insurance Banking
e. Deposit Insurance
Q. In respect of partnership business, LLP stands for:
a. Local Labour Promotion
b. Low Labour Projects
c. Limited Loan Partnership
d. Longer Liability Partnership
e. Limited Liability Partnership
Q. What is a stale cheque?
a. A cheque issued without drawer’s signature.
b. A cheque with only signature of the drawer.
c. A cheque which has completed 3 months from the date of its issue.
d. Any one of the above.
e. None
Q. Interest on savings bank account is now calculated by banks on?
a. Minimum balance during the month
b. Minimum balance from 7th to last day of the month
c. Minimum balance from 10th to last day of the month
d. Maximum balance during the month
e. Daily product basis
Q. Largest shareholder (in percentage shareholding) of a Nationalized bank is ?
a. RBI
b. NABARD
c. LIC
d. Govt of India
e. IBA
Q. Before approaching Ombudsman what should the complainant do?
a. Take up the matter with State Government
b. Take up the matter with concerned Bank Branch within 30 days of cause of action
c. Approach Lok Adalat
d. Can directly approach Banking Ombudsman
e. Any of the above
Q. What is the maximum period within which the aggrieved customer can approachOMBUSAMAN?
a. Within 2 year
b. Within 1 year
c. Within one month
d. No such limitation period
e. None of the above
Q. What is the maximum amount for which the Award Can be given by OMBUDSMAN
a. Rs 1,00,000
b. Rs 2,00,000
c. Rs 5,00,000
d. Rs 10,00,000
e. No limit
Q. Who will be appointed as Banking Ombudsman?
a. CGM or GM of RBI
b. Deputy Governor of RBI
c. Governor RBI I is an ex-officio Ombudsman
d. Finance Secretary
e. None of the above
Q. The KYC does not include obtaining the following :
a. Identity Proof
b. Address Proof
c. Customer Profile
d. Vehicle details of the customer
e. None of the above