Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. On the basis of which commission was RBI established?
a. Hilton Young Commission
b. British Commission
c. Federal Commission
d. Federation Commission
e. None of these
Q. Expand LIBOR?
a. London Inter Bank Offered Rate
b. London Inter Bank Official Rate
c. London Inter Bank Offered Ratio
d. London International Bank Offered Rate
e. None of these
Q. Through which of the following sources domestic funds are raised by companies?
a. IPO only
b. FPO only
c. Commercial papers only
d. Both IPO and FPO
e. All IPO, FPO and commercial papers
Q. In India, which among the following is/are a part of Legal Tender Money?
a. Both coins and currency notes
b. Both coins and bank drafts
c. Both currency notes and SDRs
d. Only currency notes issued by RBI
e. None of these
Q. When was IDBI delinked from the RBI and taken over by Government of India?
a. 1976
b. 1977
c. 1978
d. 1980
e. None of these
Q. Which among the following is correct?
a. Money market provides long term source of finance
b. Recession in the industrial sector in India is normally due to a fall in exports
c. Ways and means advances given by RBI
d. Exchange rate is fixed by RBI
e. None of these
Q. Who was the first Indian Governor of RBI?
a. Yash Pal Singh
b. Hemant Rao
c. CD Deshmukh
d. Jaipal Singh
e. None of these
Q. KYC‘ (Know Your Customer) norms wereimplemented in the Indian banking system in 2002 as per the directive of ?
a. SEBI
b. RBI
c. IBA
d. IRDA
e. None of these
Q. Expand CRAR in terms of banking sector.
a. Capital- to- Return Asset Ratio
b. Capital –to-Risk Asset Ratio
c. Capital –to-Risk Asset Range
d. Core Risk Asset Return
e. None of these
Q. One rupee notes and coins are issued by
a. Reserve bank of India
b. State Bank of India on behalf of Government of India
c. RBI
d. Finance Minister of Central government of India
e. None of the above
Q. Which of the following banks is not wholly owned by the Government of India?
a. Reserve Bank of India
b. State Bank of India
c. Punjab and Sind Bank
d. Central Bank of India
e. None of these
Q. Which of the following would fall under the category of retail banking?
a. Home Loans
b. Credit Cards
c. Personal Loans
d. Car Loans
e. All of these
Q. Under which of the following type of account is a specified amount deposited every month for a specified period, says, 12, 24, 36 and 60 months?
a. Fixed Deposit Account
b. Saving Bank Account
c. Current account
d. Recurring Account
e. None of these
Q. How Commercial banks can regulate money supply?
a. Printing of one rupee notes
b. Augmentation of savings and time deposits
c. Provision of high denomination notes
d. Creation of demand deposits
e. None of the above
Q. Credit is a
a. Stock concept
b. Flow concept
c. A stock-flow concept
d. A holding concept
e. None of these