Banking Awareness MCQ-113

Banking Awareness IBPS CWE Clerks,SBI PO mains,RRB,lic,Bank Exams

The following contains an order to pay money

[A] Bill of exchange
[B] Cheque
[C] Promissory Note
[D] Only (1) and (2)
[E] None of these

‘Repo Rate’ is the rate at which:

[A] The RBI lends to state government
[B] The international aid agencies to RBI
[C] The RBI lends to banks
[D] The banks lend to RBI
[E] None of these

What does CRR stand for?

[A] Credit Reserve Ratio
[B] Cost Advisory Ratio
[C] Cash Reserve Ratio
[D] Cash Revenue Ratio
[E] None of these

Which of the following is also known as the National Bank?

[A] Reserve Bank of India
[B] Asian Development Bank
[C] State Bank of India
[D] NABARD
[E] None of these

SEBI is a _____.

[A] Non-Advisory body
[B] Statutory body
[C] Advisory body
[D] Constitutional body
[E] Non- Statutory body

Certificates of deposits have a minimum value of:

[A] 1 Lakh
[B] 10 Lakh
[C] 12 Lakh
[D] 15 Lakh
[E] None of these

To authenticate a Digital Signature in Cheque Truncation System (CTS), which of the following keys are used..

[A] Private Key
[B] Public Key
[C] Master Key
[D] All of these
[E] None of these

CTC Stands for

[A] Cheque truncation System
[B] Cheque Transaction System
[C] Cheque Transmission Service
[D] Cheque Transport Service
[E] None of these

The first nationalisation of banks exercise was done on:

[A] 19.07.1969
[B] 19.07.1970
[C] 19.07.1967
[D] 15.08.1967
[E] None of the above

The returned non resident Indians are permitted to open the following accounts:

[A] Non resident external account
[B] Non resident ordinary account
[C] RFC account
[D] FCNR account
[E] none of the above

National stock exchange is located –

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

_ is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets.

[A] Statutory Liquidity Ratio (SLR)
[B] Cash Reserve Ratio (CRR)
[C] Statutory Reserve Ratio
[D] Cash Ratio
[E] None of these

Who regulates chit funds in India?

[A] Government of India
[B] State Governments
[C] Not regulated at all
[D] Concerned Districts
[E] None of these

Department of Economic Affairs is part of which of the following Ministries?

[A] Ministry of Home Affairs
[B] Ministry of Planning
[C] Ministry of Finance
[D] Ministry of Heavy Industries & Public Enterprises
[E] Ministry of Rural Development

CRISIL is a ______.

[A] Mutual Fund
[B] Credit Rating Agency
[C] Investment Bank
[D] Share Depository
[E] None of the above