Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. By crossing we mean :-
a. two horizontal lines on a cheque
b. one straight line across the cheque
c. two lines across the cheque making ‘X’
d. two transverse parallel lines on a cheque
e. none of the above .
Q. Which of the following is correct statement inrespect of debit cards :-
a. Debit card facility is provided to those having savings bank account/current account accounts of individuals, firms and cooperates
b. This facility is not extended to cash credit/loan account holders
c. debit card is issued to all the persons who visit the branch
d. 1 and 2
e. all of the above .
Q. Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of :
a. 2 years
b. 4 years
c. 5 years
d. 6 years
e. None of the above
Q. Which of the following stock exchange isderecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?
a. Bombay Stock Exchange
b. Delhi Stock Exchange
c. Calcutta Stock Exchange
d. Bangalore Stock Exchange
e. None of the above
Q. Which of the following is not a function of General Insurance?
a. Cattle Insurance
b. Crop Insurance
c. Marine Insurance
d. Fire Insurance
e. Medical Insurance
Q. Liability- side of the balance-sheet comprises:
a. Capital and reserve
b. Long-term liabilities
c. Current liabilities
d. All of the above
e. None of the above
Q. Minimum cash reserves fixed by law constitute
a. A percentage of aggregate deposits of the bank
b. A percentage of aggregate loans and advances of the bank
c. A percentage of capital & reserves of the bank
d. All of the above
e. None of these
Q. Which of the following organizations/ agencies has sought an emergency fund of Rs.1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers?
a. Regional Rural & Cooperative Banks
b. RBI
c. Micro Finance Institutions
d. NABARD
e. None of the above
Q. assumed charge as the Minister of State for Micro, Small & Medium Enterprises (MSME) on 11th November 2014.
a. Gopal Singh
b. Veerabhadra Singh
c. Manoj Tiwari
d. Giriraj Singh
e. Raju Bhai Gandhi
Q. Identify the well known person related to Banking field in India from the following?
a. Mrs. Meira Kumar
b. Mrs. Kiran Shaw
c. Mr. Arun Jaitley
d. Dr. D subbarao
e. All of the above
Q. Currency notes deposited in the currency chest are the property of ?
a. Respective bank
b. RBI
c. SBI
d. Government of India
e. Respective state Government
Q. The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of :
a. Undesirable persons
b. Artificial persons
c. Arrested persons
d. Convicted persons
e. All of the above
Q. Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:
a. Combating finance of terrorism
b. To check hawala transactions
c. To check the inflow of crime money
d. To check inflow of the money earned out of sale of narcotics
e. All the above
Q. Companies whose main business is notfinancing or lending are permitted to accept deposits under section 45(s) of RBI Act only from:
a. Public
b. Relatives in the from of loans
c. Friends
d. All of the above
e. None
Q. In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under _ Act
a. Section 22 of banking Regulation Act
b. Section 22 of RBI Act
c. Section 22 of NABARD
d. KYC Guidelines by RBI
e. a and b above