Banking Awareness MCQ-38

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

In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms. What is full form of “LLP” as used in this reference?

[A] Local Labour Promotion
[B] Low Labour Projects
[C] Limited Loan Partnership
[D] Longer Liability Partnership
[E] Limited Liability Partnership

The first company to get RBI’s permission to open White Label ATMs is:

[A] Tata Communications Payment Solutions Limited (TCPSL)
[B] Muthoot Finance
[C] Prizm Payments
[E] None of These

Which of the following Indian company sets it record to be the first company to overtake its parent company in terms of ‘market valuation’?

[A] Mahindra & Mahindra
[B] Tata Motors
[C] Ashok Leyland
[E] None of these

Under which act does RBI issue directives to banks?

[A] PMLA Act, 2002
[B] RBI Act, 1934
[C] DICGC Act, 1961
[D] Banking Regulation Act, 1949
[E] None of these

Indian commercial banks are categorised into:

[A] Public Sector banks
[B] Foreign Banks
[C] Private Sector Banks
[D] All the above
[E] None of the above

In the context of banking business, the increasing trend in the Burden Bearing Ratio would show the following?

[A] Less burden bearing capacity of the bank
[B] More burden bearing capacity of the Bank
[C] Gradual increase in the bad debts
[D] Improvement in the business growth
[E] None of these

The trading regulations of GATT were established between ____and ___:

[A] 1947 and 1994
[B] 1947 and 1995
[C] 1946 and 1996
[D] 1947 and 1996
[E] None of These

Largest shareholder (in percentage shareholding) of a Nationalized bank is ?

[D] Govt of India

Headquarters of Syndicate Bank in

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

In recent times, the term Gold ETF was making news. Which among the following closest instrument to Gold ETF?

[A] Debenture
[B] G-Sec security
[C] Mutual Fund
[D] Commercial Paper
[E] None of these

“Entry Load” is a term associated with which of the following?

[A] Mortgage
[B] Reinsurance
[C] Startups
[D] Mutual Funds
[E] Shipping

If you buy a financial instrument in one market in order to sell the same instrument in another market at higher price, it will be called as

[A] Brokerage
[B] Arbitrage
[C] Forfeiture of Instrument
[D] investment
[E] None of these

The RBI has decided to stop circulation of the coin of which of the following denominations from June 2011?

[A] 50 p.
[B] Rs 1
[C] Rs2
[D] 25 p.
[E] Rs. 5

Those amounts due to vendors or suppliers that must be paid within one year is known as:

[A] Loan Advances
[B] Accounts Payable
[C] Creditors
[D] Debtors
[E] None of These

Universal Banks FDI Limit?

[A] 74%
[B] 85%
[C] 72%
[D] 73%
[E] None of these

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