Banking Awareness MCQ-114

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

After State Bank of India, which of the following banks has the largest number of offices?

[A] Punjab National Bank
[B] Bank of India
[C] Andhra Bank
[D] Canara Bank
[E] None of these

What is the condition for a bank to be called a “Scheduled Bank” ?

[A] Its business has to be crossed Rs. 1000 Cr mark
[B] Its branch network should be over 100
[C] It should be included in the second schedule of the RBI act
[D] It should comply with all the above conditions
[E] None of these

Which of the following is NOT the part of the organized sector in Indian Money Market?

[A] Mutual Funds
[B] Non-Banking Financial Companies
[C] Unit Trust of India
[D] Chit funds
[E] None of these

Mortgage is a security created on_______.

[A] Movable property for a loan given by a bank
[B] Immovable property for a deposit received by a bank
[C] A confirmation of immovable property given by a bank
[D] Movable property for a deposit given by a bank
[E] Immovable property for a loan given by a bank

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

Which of the following rates is decided by the market conditions and not by RBI?

[A] Bank rate
[D] Inflation rate
[E] None of these

In India, Forex rates are determined by

[A] Exporters
[B] Demand and supply forces
[C] Importers
[D] All of these
[E] None of these

Stock Exchanges generally work in –

[A] Primary Market
[B] Secondary Market –
[C] Money Market
[D] Financial Market
[E] None of the above

Social control over the banks in India was imposed on

[A] 9th June, 1969
[B] 9th July, 1969
[C] 19th July, 1969
[D] 19th July, 1970
[E] 9th July, 1970

The announcement of Bank holidays on 2nd and 4th Saturday will be effective from-

[A] 31st August 2015
[B] 1st September 2015
[C] 30th August 2015
[D] 30th September 2015
[E] None of these

Which of the following rates is not decided by the RBI?

[A] Bank Rate
[B] Repo Rate
[C] Reverse Repo Rate
[D] Prime Lending Rate
[E] None of these

A person writes a cheque to make payment to someone. Which of the following must be mentioned on the cheque to complete the transaction successfully?

[A] Name of the payee
[B] A valid amount
[C] A valid date
[D] Drawer’s signature
[E] All the above

Which of the following is not the part of the scheduled banking structure in India?

[A] Money Lenders
[B] Public Sector Banks
[C] Regional Rural Banks
[D] Private Sector Banks.
[E] None of these

Escrow account is useful/helpful to-

[A] importers
[B] exporters
[C] people
[D] Assets
[E] Other than the given options

Which of the following sets up core banking infrastructure for rural banks?

[E] None of these