Banking Awareness MCQ-126

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

BLA stands for ____

[A] Bond Ledger Account
[B] Bond Lending Account
[C] Basic Ledger Account
[D] Basic Lending Account
[E] None of these

High powered money is:-

[A] bank’s reserves at central bank
[B] all loans and advances of banks.
[C] money held by banks.
[D] currency held by public and reserves with the central bank.
[E] None of these

Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:-

[A] bearer
[B] cross
[C] order
[D] all of the above
[E] None of these

Which of the following is necessary while opening deposit accounts in banks?

[A] Will
[B] Registration
[C] Guarantee
[D] Nomination
[E] None of these

Which amongst the following is not term deposits issued by commercial banks?

[A] Current account
[B] Fixed deposit
[C] Recurring deposit
[D] Reinvestment deposit
[E] all the above

In India Mutual Funds are regulated by

[A] Securities and Exchange Board of India
[B] Reserve Bank of India
[C] State Bank of India
[D] Small Industrial Development Bank of India
[E] None of these

Which of the following organizations/agencies is not associated with the world of banking and finance?


An unbanked customer can initiate IMPS transaction using the services of ____.

[E] None of the Above

Which of the following is a pension scheme focused on the workers in the unorganized sector?

[E] None of the Above

Which of the following banking does not come under Social Banking?

[A] Crediting the LPG subsidy in the beneficiary bank account
[B] Offering Jan Dhan Scheme accounts
[C] Allowing students to credit their scholarships through No-frill accounts
[D] Allowing the subsidy loan to disadvantage sections of the society
[E] None of these

Which state owned bank has become the top mobiliser under Gold Monetization Scheme, launched by Modi government?

[A] Bank of Baroda
[B] State Bank of India
[C] Punjab National Bank
[D] Central Bank of India
[E] Bank of India

RBI was established on

[A] April 1, 1925
[B] April 1, 1935
[C] April 1,1945
[D] April 1, 1955
[E] None of these

Fixed deposits and recurring deposits are?

[A] Repayable after an agreed period
[B] Repayable on demand
[C] Not repayable
[D] Repayable after death of depositors
[E] Repayable on demand or after an agreed period as per bank’s choice

Which of the following cannot be a feature of a Debit card?

[A] These cards cannot be used as POS Centres
[B] Banks earn huge amount as penalties for defaulting on payment through these cards.
[C] Can be used normal withdrawals.
[D] Only 1 and 2
[E] All 1,2 and 3

The credit policy of a bank does not consists of?

[A] Quality control
[B] Advertising of loan products
[C] Loan product mix
[D] Lending policies
[E] None of these