Top 1000+ Solved Banking Awareness MCQ Questions Answer
Q. Which of the following agreement/accord is related to baking reforms?
a. Vienna agreement
b. Basel accord
c. Nagoya Protocol
d. Cartagena Protocol
e. None of these
Q. Which was the first Mutual Fund started in India ?
a. SBI Mutual Fund
b. HDFC Mutual Fund
c. Kotak Pioneer Mutual Fund
d. Indian Bank Mutual Fund
e. None of the above
Q. Bureau of Indian Standards (BIS) has its headquarters in
a. Mumbai
b. Kolkata
c. Bhubaneswar
d. New Delhi
e. None of these
Q. The regulator for Mutual Funds in India is?
a. FIMMDA
b. AMFI
c. RBI
d. SEBI
e. None of the above
Q. If the Statuary Liquidity Ratio (SLR) is increased, what will be the effect on Bank‘s credit situation?
a. It will be reduced
b. It will be increased
c. It will remain unaffected
d. None of these
e. All of the above
Q. Expand CIN with respect to OLTAS.
a. Challan Identification Number
b. Challan Identification Notary
c. Channel Identification Number
d. Challan Inventory Number
e. None of these
Q. The components of Tier I capital of a banking company include:
a. capital reserve representing surplus arising out of sale proceeds of assets
b. paid-up capital, statutory reserves and other disclosed free reserves, if any
c. both (a) and (b)
d. either (a) and (b)
e. None of the above
Q. What is the name of technology given to therecently introduced computerised clearance of cheques:
a. Automatic clearance
b. MICR
c. Speedline System
d. Special clearning
e. None of the above
Q. To enforce law and order Government of India has many agencies. SFIO is one of them. Expand it.
a. Serious Fraud Interrogation Office
b. Serious Fraud Investigation Office
c. Serious Feud Interrogation Office
d. Serious Fraud Interrogation Ordinance
e. None of thes
Q. The government has allowed issue of Long- Term Bonds for Insurance Companies and others upto:
a. 10 years
b. 15 years
c. 25 years
d. 30 years
e. None of the above
Q. Consider these statements:-Statement I – One rupee note is the liability of GOI. Statement II – Two rupee note is the liability of RBI.
a. Both statements are true.
b. Both are false.
c. Statement I is true, whereas II is false.
d. Statement I is false, whereas II is true.
e. None of thes
Q. Banking Regulation Act, 1949, does not at all apply to
a. nationalized banks
b. State bank of India and its subsidiaries
c. foreign banks having branches in India
d. Primary agricultural credit societies and cooperative land mortgage banks
e. None of the above
Q. A mortgage involves:
a. transfer of ownership
b. transfer of possession
c. transfer of interest
d. All of the above
e. None of the above
Q. RBI issued its first banknote in Jan 1938 bearing the portrait of George IV. What was its denomination?
a. Rs. 5
b. Rs. 10
c. Rs. 1
d. Rs. 2
e. None of these
Q. Bank holidays under Section 25 of theNegotiable Instruments Act, 1881 are declared by:
a. State Government for the respective State
b. Banking Operations Department
c. Central Government
d. RBI
e. None of the above