Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Name of the bank which first time introduce the merchant banking in India is:
a. Imperial Bank of India
b. Grindlays Bank
c. United Bank
d. London Bank
e. None of These
Q. Those amounts due to vendors or suppliersthat must be paid within one year is known as:
a. Loan Advances
b. Accounts Payable
c. Creditors
d. Debtors
e. None of These
Q. Identify the Basel III norms from following that, recently RBI has extended the timeline for implementation for banks in India _.
a. Minimum regulatory capital requirement
b. Market discipline
c. Holding the minimum capital to risk weighted assets ratio to 10.25%
d. Leverage ratio to 3%
e. All the above
Q. Identify the odd one out from the following benefits of RTGS.
a. Settlement is immediate
b. Suited for only lower value transactions
c. Lowers the settlement risk
d. Avoids credit risk while settlement
e. Settled at real time
Q. Who all can hire a locker in a bank?
a. Individuals
b. Limited companies and societies
c. Specified associations
d. Two persons jointly
e. All the above
Q. NOSTRO account means .
a. An account opened by foreign citizens other than NRIs in India with Indian banks in INR for their expenses in Indi
b. An account opened by foreign citizens other than NRIs in India with foreign banks in foreign currency to convert Indian rupee to that currency and remit back to their own country.
c. An account opened by an Indian bank in the foreign countries in their banks and in that country currency for settlement in that country's currency.
d. An account opened by a foreign bank in India with their corresponding banks in INR for settlements in INR.
e. None of these
Q. What kind of Treasury Bills (T-Bills) is/ are issued by State Government?
a. No Treasury Bills issued by State Government
b. 182 - days
c. 91 - days
d. 364 - days
e. None of these
Q. A Pledge means
a. advanced against goods
b. hypothecation of goods
c. bailment of goods as security for payment of a debt or performance of a promise
d. Open limits
e. none of these
Q. With effect from 1st July 2010, interest rates of Banks are linked to which of the following?
a. Base Rate
b. Benchmark Prime Lending Rate
c. Bank Rate
d. Repo Rate
e. None of the above
Q. Balance Sheet of a firm indicates which of the following?
a. Profit or Loss over a period.
b. Financial position of the unit over a period.
c. Financial position of the unit as on a particular date.
d. Position of assets and liabilities over a period oftime
e. None of the above
Q. National Housing Bank(NHB) was set upunder
a. National Housing Bank Act, 1987
b. National Housing Bank Act, 1977
c. National Housing Bank Act, 1967
d. National Housing Bank Act, 1957
e. None of the Above
Q. What is difference between banks & HFCs?
a. HFCs cannot accept demand deposits
b. It cannot issue cheques drawn on itself
c. deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs
d. All of the Above
e. None of the Above
Q. An Indian rupee denominated bond issued outside India is called
a. Yankee bond
b. Bulldog bond
c. Uridashi bond
d. Samurai bond
e. Masala bond
Q. The safest form of Crossed Cheque is
a. Double Crossing
b. General Crossing
c. Special Crossing
d. Account payee crossing
e. None of the Above
Q. RBI was established on .
a. April 1, 1925
b. April 1, 1935
c. April 1, 1945
d. April 1, 1955
e. None of these