Banking Awareness MCQ-139

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

Which is incorrect with regard to powers of RBI:

[A] Holds cash reserve banks
[B] Controls banking system through licensing
[C] Supervises Banking system through inspection
[D] None of the above
[E] All of the above

A demand draft issued by one bank branch on another branch is legally—

[A] Cheque
[B] Promissory note
[C] Delivery order
[D] Supply bill
[E] None of these

___are the beneficiaries of the “Reverse Mortgage Scheme”.

[A] Government employees
[B] Senior citizens
[C] Unemployed persons
[D] Persons of BPL category
[E] None of the above

The minimum acceptable amount under the Scheme of Certificate of deposit is __?

[A] Rs. 1 lakhs
[B] Rs. 25 lakhs
[C] Rs. 20 lakhs
[D] Rs. 25 lakhs
[E] None of the above

If you are taking a housing loan by depositing your house documents by mortgaging your house it is known as ____________.

[A] Mortgage
[B] Pledge
[C] Collateral
[D] lien
[E] None of these

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

[A] Public Sector Bank
[B] Foreign Bank
[C] Private Sector Bank
[D] Regional Rural Bank
[E] Urban Cooperative Bank

Who compiles Economic Survey report in India?

[B] Ministry of Finance
[E] (a) and (b) combined

What is the full form of ‘CRR’ as used in banking sector ?

[A] Crucial Reserve Rate
[B] Credit & Reserve Ratio
[C] Compulsory Return Rate
[D] Cash Reserve Ratio
[E] None of these

Which of the following bank headquarters not in New Delhi?

[A] Oriental Bank of Commerce
[B] Bank of India
[C] Bhartiya Mahila Bank
[D] Punjab & Sind Bank
[E] None of these

The government formed the panel after many ex service men returned their medals to protest the rejection of their ‘one rank one pension’ demand. Who is heading this panel?

[A] K.M. Chandrasekhar
[B] R Balakrishanan
[C] B S Padmanabhan
[D] T. Raja Shekhar
[E] R Balu

Who is the MD and CEO of Allahabad Bank?

[A] Ravi Krishan Takkar
[B] Kishor Piraji
[C] Pawan Kumar Bajaj
[D] Usha Ananthasubramanian
[E] None of these

Who headed the committee on Credit Information Reports (CIRs)?

[A] Raghuram Raj an
[B] Kaushik Basu
[C] K.V Kamath
[D] Aditya Puri
[E] None of these

What was the purpose of setting up Narsimhan committee-2?

[A] efficiency and productivity of financial institution
[B] banking reform process
[C] export of it sector
[D] fiscal reform process
[E] None of these

____ has become the first state in India to launch RBI’s e- payment system for commercial tax payers.

[A] Karnataka
[B] Assam
[C] Kerala
[D] Tamil Nadu
[E] Andhra Pradesh

The tax levied by Local Governments i.e. Municipal Corporations and municipalities is

[A] Income Tax
[B] Wealth Tax
[C] House Tax
[D] Gift Tax
[E] None of these