Banking Awareness MCQ-17

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

Which of the following is/are essential features of a genuine currency note?

[A] The issuing authorities name should be printed on it.
[B] The promise clause should be there
[C] The guarantee clause should be there
[D] All of the above
[E] None of the above

Who is issuing license to perform insurance business by banks

[A] RBI
[B] IRDA
[C] SEBI
[D] Central government
[E] LIC

Which of the following statements is correct about banks?

[A] Banks cannot accept demand and time deposits from public.
[B] Banks can accept only time deposits from public.
[C] Banks can accept both demand and time deposits from public
[D] Banks can accept demand and time deposits only from government.
[E] None of the above

Which of the following is the first commercial bank to launch mutual fund?

[A] State Bank of India
[B] Canara Bank
[C] PNB
[D] Bank of India
[E] None of these

MUDRA Bank as a wholly owned subsidiary of which institutions?

[A] Non-Banking Financial Companies (NBFCs)
[B] Commercial Banks
[C] Micro Finance Institutions (MFIs)
[D] Small Industries Development Bank of India (SIDBI)
[E] None of the above

Invisible export means export of ___.

[A] Services
[B] Prohibited goods
[C] Unrecorded goods
[D] Goods through smuggling
[E] None of these

Which bank has launched “travel card” for students joining abroad?

[A] ICICI
[B] HSBC
[C] SBI
[D] HDFC
[E] PNB

Which bank was the sponsor of Prathama Gramin Bank?

[A] Bank of Baroda
[B] Indian Bank
[C] Punjab National Bank
[D] Syndicate Bank
[E] None of these

SBI Day is observed on ______

[A] April 1
[B] May 1
[C] June 5
[D] July 1
[E] None of these

Which of the following banks was first to establish merchant banking business in India?

[A] ABN Amro Bank
[B] Citibank
[C] HDFC Bank
[D] Standard chartered
[E] Grindlays Bank

Financial inclusion means provision of ?

[A] Financial services namely payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the hank
[B] Ration at affordable cost to persons not yet given the same
[C] House at affordable cost to persons not yet given the same
[D] Food at affordable cost to persons not yet given the same
[E] Education at affordable cost to persons not yet given the same

In banking terminology the word “Co -obligant” means :

[A] A person who has guaranteed the account of another person(s)
[B] A person who has executed an indemnity bond in a bank’s favour
[C] A person who has assumed obligations of contract jointly with other person(s)
[D] A person/ business undertaking opening a documentary letter of credit
[E] None of these

When a cheque is drawn on a bank, the bank is called the ____?

[A] Payee
[B] Drawee
[C] Drawer
[D] Endorsee
[E] None of the above

is basically associated with change of ownership in foreign domestic financial assets and liabilities at market determined rate of exchange:

[A] Capital Account Convertibility
[B] Fuller Capital Account Convertibility
[C] Both of Above
[D] None of These
[E]

Which of the following can be used to check the authenticity of the Certificate?

[A] Unique Identification Number
[B] Account Number
[C] PAN Number
[D] All of the above
[E] None of these

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