Banking Awareness MCQ-22

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

CRR is required to maintain in the form of

[A] Approved Government Securities
[B] Cash with RBI
[C] Cash with bank
[D] All the above
[E] None of the above

What is the name of technology given to the recently introduced computerised clearance of cheques:

[A] Automatic clearance
[B] MICR
[C] Speedline System
[D] Special clearing
[E] None of the above

Department of Posts has joined hands with State Bank of India to promote ‘SBI buddy e-wallet’ and POS machines for cashless transactions at post office counters while booking speed post and registered post items. What is the meaning of “S” in POS?

[A] Securities
[B] Setting
[C] System
[D] Service
[E] Sale

What is the minimum denomination of Treasury bills to issue in India .

[A] Rs.25,000
[B] Rs.20,000
[C] Rs. 15,000
[D] Rs.5,000
[E] None of these

CRISIL is a _______.

[A] Mutual Fund
[B] Credit Rating Agency
[C] Investment Bank
[D] Share Depository
[E] None of the above

What is Call Money ?

[A] Money borrowed or lent for a day or over night
[B] Money borrowed for more than one day but up to 3 days
[C] Money borrowed for more than one day but up to 7 days
[D] Money borrowed for more than one day but up to 14 days
[E] None of these

“Multi-currency basket” means?

[A] a number of international currencies to which the value of SDRs is linked
[B] selected international currencies to which the value of Asian Monetary Unit is linked
[C] number of major international currencies to which the external value of the Indian rupee is linked
[D] the name given to a group of West European currencies.
[E] None of these

If the rupees depreciate, what is the effect on the exporters?

[A] They are unaffected
[B] They are in loss
[C] They are in profit
[D] They get credit crunch
[E] None of these

Every Banking company is required to use the word Bank in its name and no company other than a Banking company can use the words Bank, Banker or Banking as a part of its name as per:

[A] Section 7 of Banking Regulation Act
[B] Section 7 of RBI Act
[C] Section 7 of SEBI Act
[D] Section 7 of Nationalization Act
[E] None of the above

NBFC stands for :

[A] Non Banking Financial Constitution
[B] New Bank Financial Constitution
[C] Non Banking Free Co-industry
[D] Newly Open Banking Financial Constitution
[E] None of these

Which of the following is the name of the organization specifically to develop small scale industrial sector in our country?

[A] NABARD
[B] SEBI
[C] SIDBI
[D] AMFI
[E] None of the above

Who decides the value and volume of bank notes to be printed and on what basis?

[A] Finance Ministry
[B] Planning Commission
[C] RBI
[D] Stock Exchange
[E] None of these

Which of the following is the most active segment of the money market in India?

[A] Call Money/Notice Money Market
[B] Repo/Reverse Repo
[C] Commercial Paper (CP)
[D] Certificate of Deposit (C
[E] None of the above

___ is an account maintained in foreign currency with an Authorized Dealer Bank.

[A] Exchange Earners’ Foreign Currency Account
[B] Exchange Eligible Foreign Currency Account
[C] Earners’ Eligible Foreign Currency Account
[D] Earners’ Exchange Foreign Currency Account
[E] Equity Exchange Foreign Currency Account

In the acronym WEF, ‘E’ stands for…..

[A] Exchange
[B] Eternal
[C] Existence
[D] Economic
[E] Exit

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