Banking Awareness MCQ-35

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

Banks generally borrow funds from which of the following money markets to meet the mandatory Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements as stipulated by the Central bank?

[A] Notice Money Market
[B] Call Money Market
[C] Bill Market
[D] Money Market
[E] None

The headquarters of Investment Information & Credit Rating Agency(ICRA) Limited is located in

[A] Mumbai
[B] New Delhi
[C] Noida
[D] Gurugram
[E] Hyderabad

The tertiary sector of economy is called as:

[A] Manufacturing Industry
[B] Service Industry
[C] Agro and Fishing Industry
[D] All of the above
[E] None of these

When the Government of India cannot raise enough financial resources through taxation, it finances its expenditure through various means like borrowing from market, running down its balances with RBI etc. This can be exactly called as

[A] Fiscal Deficit Financing
[B] Deficit Financing
[C] Capital Infusion
[D] Restructuring
[E] None of these

The CRR and SLR maintenance is on the

[C] Total Deposits
[E] None of these

Which of the following is not classified as a commercial Bank ?

[A] Regional Rural Bank
[B] Private Sector Bank
[C] Foreign Bank
[D] Co-operative Bank
[E] None of these

Which of the following types of ATMs eliminates the need for PIN early and authenticated customer transactions by thumb impressions.

[A] while label ATMs
[B] Biometric ATMs
[C] On-site ATMs
[D] Off-site ATMs
[E] None of these

Which of the following is not a member of the World Bank Group?

[A] International Bank of Reconstruction and Development
[B] International Development Association
[C] Bank of International Settlement
[D] International Finance Corporation
[E] None of these

What is meant by ‘Underwriting’ the term frequently used in financial sector?

[A] Under valuation of the assets
[B] The Act of taking on a risk
[C] Giving a Guarantee that a loan will not become a bad loan
[D] All of the above
[E] None of the above

Which of the following allowed Non-Resident Indians (NRI) to subscribe to NFS?

[B] EXM Bank
[E] None of these

The Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is __ percent higher than previous year.

[A] 5%
[B] 19%
[C] 25%
[D] 33%
[E] None of these

In EDLI, what is the meaning of L?

[A] Limit
[B] Linked
[C] Lower
[D] Listed
[E] Loan

According to Reserve Bank of India Regulations, “Universal Banks” are permitted to pick up stake in Payment Banks up to ______

[A] 35%
[B] 25%
[C] 20%
[D] 40%
[E] 30%

When was IDBI delinked from the RBI and taken over by Government of India?

[A] 1976
[B] 1977
[C] 1978
[D] 1980
[E] None of these

In case the prospective customer whose income comes from only Agriculture sources then he has to give a declaration in Form 61.

[A] True
[B] False
[C] He has to submit form 60
[D] No such requirement
[E] None of the above

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