Banking Awareness MCQ-137

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

The term plastic money applies to_

[A] Bank draft made of plastic coated paper
[B] Currency notes impregnated with plastic thread
[C] Currency notes printed on plastic coated paper
[D] Credit cards mainly issued by the banks
[E] None of these

The interest on recurring deposit is paid on the basis of?

[A] Interest calculated on daily products basis
[B] Simple interest on monthly products basis
[C] Simple interest calculated monthly basis
[D] Quarterly compounding
[E] None of these

In Banking parlance, ‘NPA’ stands for

[A] Non Performing Asset
[B] Net Producing Asset
[C] Net Performing Asset
[D] Not Promoting Asset
[E] None of these

………….is the rate at which commercial bank needs to maintain in the form of cash, or gold or government approved securities (Bonds) before providing credit to its customers.

[A] Reverse Repo Rate
[B] Repo Rate
[C] CRR Rate
[D] SLR Rate
[E] None of these

Who is the New CEO of Indian Bank?

[A] Kishore Kumar Kharat
[B] Mahesh Kumar Jain
[C] R. Koteeswaram
[D] Arundhati Bhattacharya
[E] RakeshSethi

Money laundering is related to ————————

[A] To reduce the number of families which lives below poverty line
[B] To reduce the NPA of Banks
[C] To reduce the Black Money
[D] To reduce the un employment rate.
[E] None of these

Where is the head quarter of Insurance Regulatory and Development Authority (IRDA)?

[A] Hyderabad
[B] Bangalore
[C] Mumbai
[D] Delhi
[E] None of these

When was Triton Insurance Company Ltd established?

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

A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as _______

[A] External debt
[B] Good debt
[C] Bad debt
[D] Internal debt
[E] All of the above

Which of the following banks have become the first banks to join SWIFT’s global payments initiative?

[A] ICICI and HDFC Bank
[B] Induslnd Bank and SBI
[C] PNB and Federal Bank
[D] Axis Bank and ICICI

Which was the first Indian Bank to introduce credit card?

[A] State Bank of India
[B] Central Bank of India
[C] Union Bank of India
[E] None of these

Which of the following agencies is associated with the business of Insurance sector as a regulator?

[E] None of these

Imperial Bank of India was nationalised in

[A] 1955
[B] 1956
[C] 1945
[D] 1967
[E] 1971

Banks has different interest rates for different loans products. To which rate are these interest rates linked?

[A] RBI Administered rate
[B] Prime lending rate
[C] Base rate
[D] Bank rate
[E] None of these

According to accepting public deposits, NBFCs can be classified into __ broad categories.

[A] Two
[B] Three
[C] Four
[D] All of the Above
[E] None of the Above