Banking Awareness MCQ-26

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

Which of the following Bank in 2012 has celebrated it 30th year of continuous service?

[A] RBI
[B] SIDBI
[C] Central Bank of India
[D] NARARD
[E] SBI

Which of the following is correct:

[A] Bank don’t manufacture products or extract natural resources from earth
[B] A bank is a business
[C] Bank sell financial services such as loans, home mortgage Loans, business loans, checking accounts, credit card services, certificates of deposit and individual retirement accounts.
[D] All of Above
[E] None of These

Which of the following is Annuity Service Provider?

[A] Life Insurance Companies
[B] Public Sector Banks
[C] Private Sector Banks
[D] NBFCs
[E] None of these

Gilt-edged securities mean ……..

[A] Gold bonds
[B] High-graded and low risk securities
[C] The duplicate bonds
[D] Certificates issued by Post Office
[E] Stocks recognized by SEBI.

Which of the following is not a banking related term?

[A] Outstanding amount
[B] Explicit guarantee
[C] Creditor
[D] Radiation
[E] None of these

Tele banking is attracting the fancy of urban customer due to

[A] Non-availability of time to visit bank branches
[B] Transport bottlenecks
[C] Traffic Jams
[D] All of the above
[E] None of these

If a customer does not get a satisfactory response to his grievance from the bank within ___ days, then he can approach the Banking Ombudsman.

[A] 60
[B] 90
[C] 30
[D] 15
[E] None of these

In India, the Chit funds are governed / regulated by _____.

[A] Local Bodies
[B] RBI
[C] Central Government
[D] State Government
[E] None of these

What are open market operations ?

[A] Activities of SEBI-registered brokers
[B] Selling of currency by the RBI.
[C] Selling of gilt-edged securities by the government
[D] Sale of share by FIIs
[E] None of these

The object of introducing base rate by RBI is___.,
(A) Enhancing transparency in lending rates of banks
(B) Enabling better assessment of transmission of monetary policy
(C) Keeping interest rates low

[A] A and B
[B] Only C
[C] Only B
[D] All of above
[E] None of these

What is the cost of credit expressed as a percentage on a yearly basis called?

[A] APR
[B] APY
[C] WPI
[D] Cannot be determined
[E] None of these

The soon to be set up proposed Micro Units Development Refinance Agency (Mudra) Bank will be first set up as a subsidiary of the

[A] NABARD
[B] SBI
[C] EXM bank
[D] SIDBI
[E] Other than those given as options

Time period that is considered from the inception of the credit, investment or negotiable instrument and ends upon the maturity or expiry of the instrument is referred as _____

[A] Amortisation Period
[B] Amortising Swap
[C] Asset Backed Security
[D] Attrition Analysis
[E] None of these

RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms?

[A] Syndicate Bank
[B] United Bank of India
[C] Indian Overseas Bank
[D] UCO Bank
[E] Vijaya Bank

Who is the Chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions (MFI) Sector?

[A] YH Malegam
[B] Dr. KC Chakraborty
[C] C . Rangrajan
[D] M. Damodaran
[E] Usha Thorat