Banking Awareness MCQ-132

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

Kerala-based NBFC Manappuram Finance will launch its own co-branded prepaid card in the tie-up with ________ to promote digital financial transactions.

[A] Canara Bank
[B] HDFC Bank
[C] Yes Bank
[D] ICICI Bank
[E] Bank of Baroda

We often heard about M-Banking. What does M stands for?

[A] Money
[B] Memory
[C] Mobile
[D] Mobility
[E] None of these

What is the term for a bank without any branch network that offers its services remotely?

[A] Internet only Banks
[B] Direct Bank
[C] Lending Institution
[D] Indirect Bank
[E] Online Bank

RBI issue currency rupee notes on bases of

[A] By holding minimum value of gold coins and bullion
[B] By holding minimum foreign securities as a part of the total approved assets
[C] By holding minimum amount of commodities which are trading in commodity exchanges
[D] Only a and b
[E] All the above

The definition of the priority sector was first formalized in 1972 by?

[A] Planning Commission
[B] National Development Council
[C] Reserve Bank of India
[D] Ministry of Finance, Government of India
[E] None of these

Deficit financing can (these are also demerits of it)

[A] Cause inflation
[B] Bring rise in fiscal deficit
[C] Bring rise in credit creation in banks
[D] All above
[E] None of the above

Banks are required to monitor transactions of suspicious nature for reporting to the authorities under and- money laundering measures. The purpose of reporting is:

[A] Combating finance of terrorism
[B] To check hawala transactions
[C] To check the inflow of crime money
[D] To check inflow of the money earned out of sale of narcotics
[E] All the above

Usha Ananthasubramanian is the present MD and CEO of Allahabad bank. Previously she work in which of the following banks?

[A] ICICI Bank
[B] Bank of Baroda
[C] Axis Bank
[D] Bank of India
[E] Punjab National Bank

The Imperial Bank of India, after its nationalization came to be known as

[A] Reserve Bank of India
[B] State Bank of India
[C] United Bank of India
[D] Indian Overseas Bank
[E] None of these

The Headquarters of NHB located in

[A] Chennai
[B] Mumbai
[C] New Delhi
[D] Gurugram
[E] None of the Above

An EEFC account can be held only in the form of_____

[A] Savings Bank Account
[B] Deposit Account
[C] Current Account
[D] Both (b) and (c)
[E] None of the Above

Under which of the following methods of note-issue the RBI issues notes?

[A] Fixed Fiduciary System
[B] Maximum Fiduciary System
[C] Minimum Reserve System
[D] Proportional Reserve System
[E] None of the Above

Electronic fund transfers like RTGS and NEFT are operated and maintained by

[A] National Payments Corporation of India (NPCI)
[B] Bharat Bill Payment System (BBPS)
[C] Reserve Bank of India (RBI)
[D] Clearing Corporation of India Limited (CCIL)
[E] None of these

Disha Microfin and_____, will merge expecting the combination to help them launch a stronger small finance bank.

[A] Muthoot Finance
[B] Bajaj Finance
[C] Future Financial Services
[D] All of the above
[E] None of these

14 Major banks were nationalized in:

[A] 1970
[B] 1969
[C] 1968
[D] 1970
[E] None of These