Banking Awareness MCQ-32

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

The headquarters of SIDBI is in-

[A] Lucknow
[B] New Delhi
[C] Mumbai
[D] Kolkata
[E] None of these

What is/are the main functions of RBI?

(i). Notes Issuance,

(ii). Government’s Banker,

(iii). Banker’s Bank,

(iv). Bank’s Supervision.

[A] Only(i)
[B] Both (ii) and (iii)
[C] Both (iii) and (iv)
[D] All of these
[E] None of these

When was Triton Insurance Company Ltd established?

[A] 1834
[B] 1850
[C] 1907
[D] 1938
[E] None of these

Which of the following rates are decided by the RBI called as “Policy Rate”?

[A] Cash reserve ratio
[B] Lending rate
[C] Bank rate
[D] Deposit rate
[E] None of these

When were banknotes in the Mahatma Gandhi Series introduced?

[A] 1991
[B] 1995
[C] 1996
[D] 2000
[E] None of these

Where is RBI head office located?

[A] New Delhi
[B] Mumbai
[C] Kolkata
[D] Chennai
[E] None of these

Account payee crossing is an direction of the drawer to?

[A] To collecting banker
[B] To drawee banker
[C] To payee
[D] To all endorsees
[E] None of these

Which of the following terms NOT used in the field of Banking & Finance?

[A] Overdraft
[B] Base Line
[E] None of the above

What is the upper limit prescribed for RTGS transaction?

[A] Rs. 5 lacs
[B] Rs. 1 lacs
[C] Rs. 25 lacs
[D] Rs. SO lacs
[E] No upper limits is prescribed

Which of the following is also known as policy rate?

[A] Bank rate
[B] Repo rate
[C] Base rate
[E] None of these

If the rate of inflation increases then the-

[A] purchasing power of money increases.
[B] purchasing power of money decreases.
[C] purchasing power of money remains uneffected.
[D] All of these
[E] None of these

Banks which are included in the second schedule of the Reserve Bank of India Act, 1934 are called as ?

[A] Public Sector Banks
[B] Co-Operative Banks
[C] Foreign Banks
[D] Scheduled Banks
[E] None of these

Which of the following bank has recently launched a new home loan product “Women Power” with a differential rate of interest exclusively for women customers?

[A] ICICI Bank
[B] HDFC Bank
[C] IDBI Bank
[E] None of these

What does ‘DD’ stand for

[A] Demand Cheque
[B] Demand Credit
[C] Demand Cash
[D] Demand Draft
[E] None of these

Co-Operative Development Bank was set up by_____.

[D] Central Government
[E] State Government