Banking Awareness MCQ-118

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

Budget is an instrument of

[A] Commercial policy of the government
[B] Fiscal policy of the government
[C] Monetary policy of the government
[D] Money-saving policy of the government
[E] None of these

Union Budget is always presented in the month of

[A] January
[B] March
[C] April
[D] December
[E] February

Which of the following banks was first to establish merchant banking business in India?

[A] ABN Amro Bank
[B] Citibank
[C] HDFC Bank
[D] Standard chartered
[E] Grindlays Bank

FDR is:

[A] Fix Date Rate
[B] Fixed Deposit Receipt
[C] Full Date Rate
[D] All of the above
[E] None of these

Many times we read in newspapers that the RBI has revised certain rates/ ratios under LAF. What is the full form of LAF?

[A] Liquidity Adjustment Facility.
[B] Legal Adjustment Facility
[C] Long-term Achievement Facility
[D] Legal Adjustment Formality
[E] None of these

Which of the following terms is used in banking field?

[A] Input Devices
[B] Zero Hour
[C] Interest Rate Swap
[D] Sedimentary
[E] Privilege Motion

Which of the following interest rates signifies RBI’s long term stance of monetary policy?

[A] Repo rate
[B] CRR
[C] Bank Rate
[D] Reserve Repo Rate
[E] None of these

What is the minimum amount required to open a Fixed Deposit (FD)?

[A] Rs. 1000
[B] Rs. 100
[C] Rs. 500
[D] Rs. 10000
[E] No Limit

NSSO headed by a Director General is responsible for conduct of large scale sample surveys in diverse fields on All India basis. NSSO stands for-

[A] Nominal Sample Survey Office
[B] National Sample Survey Office
[C] National Sample Survey Organization
[D] National Sample Service Office
[E] National Source Survey Office

Axis Bank, in collaboration with the e-retailer ____ has launched ‘Axis Bank Buzz Credit Card’ payment solution in an attempt to enhance the customer’s online shopping experience

[A] Flipkart
[B] Amazon
[C] Abof
[D] Infibeam
[E] None of these

BCSBI is governed by a ____ governing Council including one Chairman.

[A] six-member
[B] Four-member
[C] Five-member
[D] Three-member
[E] None of the Above

……are Local Institutions functioning like Banks

[A] Local Area Banks
[B] Indigenous Banks
[C] Private Banks
[D] Financial Institutions
[E] All the above

What is the full form of NIM?

[A] Net Interest Margin
[B] Net Involvement Margin
[C] Net Involution Margin
[D] Net international Margin
[E] None of these

The Priority Sector Lending Certificates (PSLCs) can be traded using the RBI’s_____

[A] e-Kuber platform.
[B] NEFT
[C] RTGS
[D] None of the above
[E] Cannot be determined

Which of the following is NOT a scheduled Commercial Bank ?

[A] HDFC Bank
[B] Axis Bank
[C] IDBI Bank
[D] NABARD
[E] SBI