Banking Awareness MCQ-34

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

Magnetic Ink Character Recognition (MICR) is a 9 digits code is used mainly by the banking industry to ease the processing and clearance of cheques and other documents. The first three digits represent the _____.

[A] Bank
[B] City
[C] State
[D] Branch
[E] None of these

Central government stake in RRB is

[A] 40%
[B] 80%
[C] 50%
[D] 100%
[E] 20%

Vijaya Bank has been adjudged ‘Best Bank for SME Lending’ in PSB category by ASSOCHAM at the 4th SMEs excellence Awards. The bank is headquartered at

[A] Chennai
[B] Hyderabad
[C] Bengaluru
[D] Mangalore
[E] Kochi

Which among the following was the first bank purely managed by Indians?

[A] Oudh Commercial Bank
[B] Punjab National Bank
[C] Bank of India
[D] Allahabad
[E] None of these

CRISIL has been promoted by __ and

[E] None of these

Which of the following is known as the concept of a standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price?

[A] Forward Contract
[B] Futures Contract
[C] Market Contract
[D] Standard Contract
[E] None of these

Reserve Bank of India was established on 1st April, ____in accordance with the provisions of Reserve Bank of India act______

[A] 1935-1934
[B] 1934-1935
[C] 1935-1936
[D] 1937-1938
[E] all the above

Which of the following scheme is not meant for investment purposes?

[A] National saving certificate
[B] Infrastructure bonds
[C] Mutual funds
[D] Letter of credit
[E] None of these

The Banking Ombudsman

[A] is in charge of bank loans for buses
[B] fixes the rates of interest for loans
[C] resolves complaints of customer
[D] is the head of all nationalized bank
[E] none of these

Banks have different interest rates for different loan products, to which rate are they linked?

[A] prime lending rates
[B] base rate
[C] RBI administered rates
[D] bank rate
[E] solely on discretion of the particular bank

National stock exchange is located –

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

Monetary Policy of RBI Does not include

[A] Control the supply of Money
[B] Reduction of taxes
[C] Fixation of rate of interest (least in some categories)
[D] Fixation of Repo rate and Reverse Repo rate
[E] Fixation of Cash

The government has allowed issue of Long-Term Bonds for Insurance Companies and others upto:

[A] 10 years
[B] 15 years
[C] 25 years
[D] 30 years
[E] None of the above

Which among the following is correct about The Central Office of RBI:

[A] Where Governor Sits
[B] Where only Policies are formulated
[C] Both of Above
[D] None of these
[E] None of these

A rise in the reserve ratio of banks ____?

[A] Will lead to an increase in the money supply
[B] Will lead to a proportionate increase in the money supply
[C] Will lead to a decrease in the money supply
[D] Will have no impact on money supply
[E] None of the above

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