Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Urban cooperative banks are controlled by and
a. State government-RBI
b. NABARD – RBI
c. SEBI – RBI
d. Central government – NABARD
e. NABARD – state governments
Q. Which is an interest-free period that is to be given by a creditor to debtor?
a. Fixed Period
b. Preset Period
c. Grace Period
d. All of the above
e. None of the Above
Q. Goods and Service Tax, would replace which of the following taxes levied at present?
a. Capital gains tax
b. Corporate tax
c. Value added tax
d. Income tax
e. None of these
Q. Which of the following sectors makes maximum contribution to the National Income of India?
a. Agriculture
b. Service
c. Industry
d. Both a) and c)
e. None of these
Q. What is fiat money?
a. The currency backed by Government Guarantee
b. The currency backed by gold reserves
c. The currency backed by paper assets
d. The currency backed by individuals
e. None of these
Q. KYC guidelines followed by the Banks have been framed on the recommendations of the
a. Ministry of Home Affairs
b. Reserve Bank of India
c. Indian Banks Association
d. Financial Intelligence Unit
e. None of these
Q. The Base rate for banks in India is set up by?
a. Board of all banks
b. RBI
c. SBI
d. SEBI
e. SBIA
Q. Where is the head quarter of Insurance Regulatory and Development Authority (IRDA)?
a. Hyderabad
b. Bangalore
c. Mumbai
d. Delhi
e. None of these
Q. Where is the head quarter of Telecom Regulatory Authority of India (TRAI)?
a. New Delhi
b. Gujrat
c. Pune
d. Bangalore
e. None of these
Q. What is the full form of NAV?
a. Net Actual Value
b. Net Annual Value
c. Net Asset Value
d. Net Average Value
e. None of these
Q. Which of the following is known as the concept of a standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price?
a. Forward Contract
b. Futures Contract
c. Market Contract
d. Standard Contract
e. None of these
Q. Which of the following depicts the financialposition of a bank or business enterprise at a given point of time?
a. Balance sheet
b. Cash flow statement
c. Income statement
d. Model audit
e. None of these
Q. When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as ?
a. Internet banking
b. Universal banking
c. Virtual Banking
d. Wholesale banking
e. None of these
Q. What is the full form of NIM?
a. Net Interest Margin
b. Net Involvement Margin
c. Net Involution Margin
d. Net international Margin
e. None of thes