Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Many Regional Rural Banks were given licenses to open branches in small cities and towns. These licenses were given by -
a. Indian Banks’ Association
b. NABARD
c. RBI
d. Cabinet Committee on economic affairs
e. None of these
Q. The USP of a Current account is?
a. High minimum balance
b. No restrictions on transactions
c. No interest payable
d. Restricted deposits
e. None of these
Q. Leads for Home Loans can be obtained from?
a. Traders
b. Trusts
c. Builders
d. Cooperative societies
e. None of these
Q. Which of the following terms is used in the field of finance and banking?
a. Metabolism
b. Genetic process
c. Centrifugal force
d. Debt instrument
e. Experimental error
Q. The National Social Security Fund (NSSF) helps which of the following groups of society?
a. Bank employees
b. Central government employees
c. Workers in the unorganized sector
d. Workers in the textile industry
e. Women employees
Q. Which of the following tools is used by the RBI to control credit and monetary situations of the markets?
a. RTGS
b. NEFT
c. ECS
d. CRR
e. Balance of trade
Q. Department of Economic Affairs is part of which of the following Ministries?
a. Ministry of Home Affairs
b. Ministry of Planning
c. Ministry of Finance
d. Ministry of Heavy Industries & Public Enterprises
e. Ministry of Rural Development
Q. Which of the following terms is not used in thefield of Economics?
a. Net income
b. Cost of project
c. Flow of fund
d. Balance sheet
e. Cold chain
Q. The RBI has decided to stop circulation of the coin of which of the following denominationsfrom June 2011 ?
a. 50 p.
b. Rs 1
c. Rs 2
d. 25 p.
e. Rs. 5
Q. The Reserve Bank of India has released the first Bi-monthly monetary policy of the new financial year (2017-18) on 06th April 2017. The RBI has however hiked its outlook for GDP growth to in this fiscal from 6.7% last year.
a. 7.1 percent
b. 7.2 percent
c. 7.3 percent
d. 7.4 percent
e. 7.5 percent
Q. ICICI Bank and Axis Bank has sold Rs.1, 800 crores of loans to paper maker Ballarpur Industries Ltd to Edelweiss Asset Reconstruction Company.Who is present CEO of Axis Bank?
a. Arundhati Bhattacharya
b. Chanda Kochhar
c. Shikha Sharma
d. Naina Lal Kidwai
e. Manjula Chellur
Q. IDBI Bank has reduced interest rates, ranging from 50 to 75 basis points, on retail term deposits (RTD) with effect from April 5, 2017. Where is headquarter of IDBI Bank?
a. Bengaluru
b. Mumbai
c. New Delhi
d. Chennai
e. Kolkata
Q. The Reserve Bank of India (RBI) has decided to slash clearance time for NEFT in an attempt to enhance the efficiency of the electronic payment system and add to customer convenience. What is the meaning of "E" in NEFT?
a. Easily
b. Electricals
c. Every
d. Essential
e. Electronic