Banking Awareness MCQ-127

Banking Aptitude Test Bank Exams,IBPS PO mains,LIC ADO,SBI Clerks

The custodian of FOREX Reserve of GOI is

[E] None of these

The Base rate of each bank is to be reviewed after every___

[A] Quarter
[B] Month
[C] Year
[D] Week
[E] None of these

Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign nation?

[A] Personal loan
[B] Corporate loan
[C] Educational loan
[D] Mortgage loan
[E] None of these

Obtaining cash from an ATM is similar to:

[A] Writing a Cheque
[B] Open any Account
[C] Any banking transaction
[D] Both a) and b)
[E] None of These

Paid-up share capital of Regional Rural Bank is contributed by

[A] Central Government only
[B] State Government only
[C] Central Government, State Government and the sponsor commercial bank in the ratio of 50: 15 :35 respectively
[D] NABARD, the concerned State Government and the sponsor commercial bank in the ratio of 60 : 20 :20 respectively
[E] All of the above

Which of the following is the main advantage of “ASBA” with the applicants for share allotment?

[A] ASBA applicant has got certain preference in allotment of shares as compared to general applicants
[B] ASBA applicants need not remit the fund for allotment of shares, he/she will do after shares are allotment to him/her
[C] ASBA applicant has got secured allotment of shares
[D] ASBA applicants deposit/OD account is not debited, only the funds are blocked for the same and he/she continues to avail interest till the shares are allotted to him/her,
[E] None of these

Union Bank of India was established on 11 November _____

[A] 1919
[B] 1921
[C] 1927
[D] 1932
[E] None of these

Which of the following bank has its headquarters in Tamil Nadu?

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

Apna Sahakari Bank Ltd is located at?

[A] Bhopal, Madhya Pradesh
[B] Kolkata, West Bengal
[C] Lucknow, Uttar Pradesh
[D] Mumbai, Maharashtra
[E] None of the above

The headquarters of local boards of RBI are located at_:

[A] Mumbai, Kolkata, Chennai and New Delhi
[B] Mumbai, Jaipur, Chennai and Mysore
[C] Mumbai, Ahmadabad, Chennai and New Delhi
[D] Mumbai, Ahmadabad, Jaipur and New Delhi
[E] None of these

Regional Rural Banks are classified as

[A] subsidiaries of NABARD
[B] subsidiaries of the sponsor banks
[C] scheduled commercial banks
[D] All of the above
[E] None of the above

RBI known as lender of last restore because:

[A] It has to meet the credit need to citizens to whom no one else is willing to lend
[B] Banks lend to go to RBI as a last restore
[C] It comes to help banks in times of crisis
[D] All of the above
[E] None of these

Payment of a crossed cheque can be made

[A] Only in cash
[B] Through clearing account of a bank
[C] Both in cash and through clearing account of a bank
[D] Through none of the above
[E] None of these

Which of the following is an example for Long Investment Option?

[A] Fixed deposit
[B] Money market
[C] Public provident fund
[D] Saving accounts
[E] None of these

The tag line ‘A friend you can bank on’ is of which bank?

[A] Vijaya Bank
[B] Bank of Maharashtra
[C] UCO Bank
[D] Bank of Baroda
[E] None of these