Banking Awareness MCQ-102

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

Loans of very small amounts given to low income groups is called _____

[A] Cash credit
[B] Micro credit
[C] Simple overdraft
[D] No frills loans
[E] Rural credit

Banking services provided to Special Economic Zones(SEZ) units have been exempted from______

[A] Sales Tax
[B] Securities Transaction Tax – STT.
[C] Central Excise Duty
[D] Service Tax
[E] None of the Above

The banks included in 2nd schedule of are known as scheduled banks

[A] Banking Regulation Act
[B] Reserve Bank of India Act
[C] Negotiable Instrument Act
[D] Banking (Acquisition & Transfer of Properties)Act
[E] Banking Companies Act

When the conversion rate of our currency goes high in compared to other currency, it is known as-

[A] Rupee Appreciation
[B] Rupee Devaluation
[C] Rupee Demodulation
[D] Rupee Depreciation
[E] None of these

Reverse Repo rate is the rate at which RBI Pays interest to Commercial Banks and it is linked to ‘ Repo Rate and the rate is _____.

[A] 1% above Repo Rate
[B] 1% below Repo Rate
[C] Same as Repo Rate
[D] None of these
[E] Cannot be determined

“Crossing” applies to:

[A] Cheques
[B] Bills of exchange
[C] Promissory Notes
[D] Hundis
[E] None of these

Raising or lowering of the central bank discount rate is known as __

[A] Bank rate policy
[B] Open Market Operation
[C] Cash Reserve Ratio
[D] None of these
[E] None of these

If a bank is unable to refund the short term deposits as funds are locked in long term loans, it involves?

[A] Interest Rate Risk
[B] Operational Risk
[C] Liquidity Risk
[D] Market Risk
[E] Other than the given options

In which years RBI and SBI are nationalized respectively?

[A] 1955, 1949
[B] 1969,1955
[C] 1949, 1955
[D] 1955, 1969
[E] None of these

When it comes to electronic banking which among the following are not coming under the purview of electronic banking?

[A] Debit cards
[B] credit cards
[C] mobile banking
[D] safe deposit locker
[E] internet banking

What is the “USP” in a Savings Bank account of a Bank over another Bank?

[A] Higher rate of interest
[B] Low risk transaction
[C] Banking channels and branches
[D] Easy to operate
[E] None of the Above

Reserve Bank of India under (RBI Act) _____ is solely responsible for the issuance of currency notes excluding rupee one note which issued by Finance Secretary of the Government of India:

[A] Section 22
[B] Section 24
[C] Section 26
[D] All of the above
[E] None of These

Which of the following bank became the first in India to be fully computerized?

[A] State Bank of India
[B] Punjab National Bank
[C] Bank of Baroda
[D] Bank of India
[E] Union Bank of India

In which of the following types of banking, there is a direct execution of transaction between ; bank and its consumers?

[A] Retail Banking
[B] Universal Banking
[C] Virtual Banking
[D] Unit Banking
[E] None of the above

The reserves which can act as liquidity buffer for commercial banks during crisis times are:

[A] CRR and SLR
[B] Only CRR
[C] Only SLR
[D] None of these