Banking Awareness MCQ-141

Banking Awareness IBPS PO Mains,GIC,SBI Clerks,Bank Exams,LIC ADO

What is macro-economics?

[A] macro economics deals with economic activities of the level of an economy as a whole
[B] it deals with only a segment of an economy
[C] it deals with both a) and b)
[D] none of these
[E] All of the above

Which of the following is correct statement?

[A] No interest is paid on current deposit accounts.
[B] Interest is paid on current accounts at the same rate as term deposit accounts.
[C] The rate of interest on current accounts and savings accounts are the same.
[D] No interest is paid on any deposit by the bank.
[E] Savings deposits are the same as current deposits.

Fixed deposits are for the bank in general

[A] Fixed Asset
[B] Time liability
[C] Demand liability
[D] Current Assets
[E] None of these

Which of the following is one of the main functions of the Reserve Bank of India?

[A] Regulation of the Stock Markets
[B] Regulation of Life Insurance
[C] Regulation of General Insurance
[D] Regulation of Mutual Funds in India
[E] Banker’s Bank

Government of India to issue a notification body to pay ______ interest on inoperative PF accounts

[A] 5.40%
[B] 6.50%
[C] 7.70%
[D] 8.80%
[E] None of these

Who is the MD and CEO of Vijaya Bank?

[A] Suresh N Patel
[B] Kishore Kumar Sansi
[C] Sushil Muhnot
[D] Kishore Piraji Kharat
[E] None of these

The head office of the National bank for agriculture and rural development (NABARD) is located in?

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

What is a Green Index?

[A] It measures the nation’s wealth according to GNP per Capita
[B] It measures the nation’s wealth according to GDP per Capita
[C] It measures nation’s wealth according to provisions of control on greenhouse gases
[D] It measures the nation’s wealth in terms of coverage of forest area.
[E] none of these

RBI was established on

[A] April 1,1925
[B] April 1,1935
[C] April 1, 1945
[D] April 1, 1955
[E] None of these

A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as _______.

[A] Investment banking
[B] Core banking
[C] Mobile banking
[D] National banking
[E] Specialized banking

What is the Cash Reserve Ratio (CRR) on 07 March 2017?

[A] 3.00%
[B] 4.00%
[C] 4.50%
[D] 5.00%
[E] None of these

If a crossed cheque is presented for payment

[A] It can be paid across the counter in another bank
[B] Cash can be paid across the counter to the presenter
[C] It can be paid only through a banker
[D] Cash can be paid across the counter to the presenter
[E] None of these

Which bank was earlier called the “Imperial Bank of India” ?

[A] RBI
[B] SBI
[C] IDBI
[D] DENA Bank
[E] None of these

Budget is an instrument of _______

[A] Commercial policy of the government
[B] Fiscal policy of the Government
[C] Monetary policy of the government
[D] Money-saving policy of the government
[E] None of these

Which among the following is not under the control of central banking authority?

[A] Monetary control
[B] Management of government debts
[C] Lender of last resort to banks
[D] Banker to government
[E] Equity market and debt market supervision and control