Banking Awareness MCQ-36

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

Group of people such as workers who pool their money together for savings and to make loan is called a/an _______

[A] Public Union
[B] Credit Union
[C] Labour Union
[D] Cooperative Union
[E] None of these

Current accounts are meant and useful for

[A] Investment purposes
[B] Identity purposes
[C] Savings purposes
[D] Day-to-day business needs
[E] Operational convenience

What is a stale cheque?

[A] A cheque with only signature of the drawer
[B] A cheque which has completed 6 months from the date of its issue
[C] A cheque issued without drawer’s signature.
[D] All of the above
[E] None of these

INDIAs Central Bank” is slogan of:”

[A] Reserve Bank of India
[B] State Bank of India
[E] None of these

Through which of the following the funds to the projects aided by the World Bank and the International Monetary Fund (IMF) are distributed?

[A] Regional Branches of RBI
[C] Integrated Rural Development Programme
[D] Agriculture Refinance and Development Corporation
[E] Ministry of Finance

If a bank needs to attract Provident Fund Deposits, what are the criteria that banks must possess?

[A] Profitability in preceding 3 years
[B] Minimum of Rs.200 crores as net worth
[C] Capital adequacy of 9%
[D] All the above
[E] None of these

The Co-operative bank is governed by the banking regulation Act 1949 and co-operative societies Act of

[A] 1963
[B] 1965
[C] 1975
[D] 1961
[E] None of these

Expand the term FRBM?

[A] Financial Responsibility and Business management
[B] Fiscal Responsibility and Business management
[C] Financial Responsibility and Budget Management
[D] Fiscal Responsibility and Budget Management
[E] Formal Responsibility and Business Management

received Reserve Bank of India (RBI)’s permission to open its first international branch in Dubai. ?

[A] Federal Bank
[B] Axis Bank
[C] HDFC Bank
[D] ICICI Bank
[E] None of These

How many Deputy Governors are there in RBI?

[A] Three
[B] Two
[C] Four
[D] Six
[E] Five

Which of the following type of budgeting being used in India?

[A] Balanced Budget
[B] Zero base Budget
[C] Receipts Budget
[D] All of the above
[E] None of these

The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year?

[A] Rs 5 crore
[B] Rs 7 crore
[C] Rs 5.5 crore
[D] Rs 6.2 crore
[E] Rs 6 crore

The term SMART MONEY refers to:

[A] Traveler’s Cheque
[B] Internet Banking
[C] Credit Cards
[D] All of the above
[E] None of These

Which of the following statements are correct in regard to foreign banks operating in India ?

[A] The parent foreign bank of a wholly owned subsidiary would continue to hold 100 per cent equity in the Indian subsidiary for a minimum prescribed period of operation
[B] Foreign banks would be permitted to acquire a controlling stake in a phased manner, but only in those private sector banks which are identified by the Reserve Bank for restructuring
[C] Foreign banks would be allowed to open more than the existing WTO commitment of 12 branches in a year
[D] Only (1) and (2)
[E] All of the above

What are the facilities available to the customers through ATM

[A] Cash withdrawal subject to a predetermined limit per day
[B] Cash deposit
[C] Balance enquiry
[D] details of certain number of transactions
[E] all of the above