Banking Awareness MCQ-23

Banking Aptitude MCQ RRB,Bank Exams,IBPS cwe Clerk,SBI PO mains

Expand IFSC _______.

[A] Indian Financial System Code
[B] Indian Financial Services Code
[C] International Financial Service Code
[D] Interbank Fund Service Code
[E] Indian Financial Security Code

According to RBI guidelines the term ‘bulk deposit’ is used for single rupee term deposit of

[A] Rs. 1 crore and above
[B] Rs. 25 lakh and above
[C] Rs. 75 lakh and above
[D] Rs. 50 lakh and above
[E] Rs. 15 lakh and above

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

KYC -Know Your Customer is to identify the Customer, whereas AML- Anti Money Laundering is to identify the Source of Income:

[A] False
[B] True
[C] True only in case of small amounts
[D] Not necessary in all cases
[E] Any of the above

C V R Rajendran is the MD and CEO of which private sector bank?

[A] Federal Bank
[B] Catholic Syrian Bank
[C] Karur Vysya Bank
[D] South Indian Bank
[E] None of these

Which of the following bank is the first universal bank established in the country:

[A] SBI
[B] PNB
[C] ICICI Bank Limited
[D] None of these
[E] All of the above

Indian Financial Network [INFINET] is the :-

[A] communication backbone for the Indian Banking and Financial sector
[B] association of the employers of the banking and financial sector
[C] closed user group network of SBI and its subsidiaries
[D] all of the above
[E] None of the above

Notice Money is a money lend for a period of ?

[A] Between 2 and 14 days
[B] Exceeding 14 days
[C] 1 day
[D] 2 days
[E] 4 days

All regional rural banks (RRBs) are required to maintain their entire statutory liquidity ratio (SLR) in

[A] current accounts with sponsor banks
[B] time deposits with sponsor banks
[C] government and other approved securities
[D] gold holdings only
[E] All of the above

Pick the odd one out from the following about Bharat Bill Payment System (BBPS).

[A] BBPS is a unified bill payment system across the country.
[B] It will be setting up the standards in operations related to payments, clearance, and settlements.
[C] G. Padmanabhan committee had provided a report on feasibility of Bharat Bill Payment System (BBPS).
[D] Payment gateways, service providers, banks, and agents will be participants in this system.
[E] None of these

Ravindra Prabhakar Marathe is the MD and CEO of _________

[A] Corporation Bank
[B] Bank of Maharashtra
[C] Bank of Baroda
[D] Indian Bank
[E] none of these

How many digits are there in Mobile Money Identifier (MMID)?

[A] 7 digits
[B] 9 digits
[C] 10 digits
[D] 11 digits
[E] None of the Above

India Millennium deposit Scheme was introduced by ___

[A] ICICI
[B] SBI
[C] Axis
[D] IOB
[E] None of these

which among the following is at times mentioned as a kind of Direct Debit Facility?

[A] RTGS
[B] ECS
[C] NEFT
[D] All of these
[E] None of these

Financial services at affordable costs to the sections of disadvantaged and low-income group of society is called as-

[A] Financial Inclusion
[B] Financial Stability
[C] Deflation
[D] Good trade
[E] None of these