Banking Awareness MCQ-60

Banking knowledge MCQ IBPS cwe Clerk,SBI PO mains,RRB,Bank Exams

Which committee has recommended introduction of smart card?

[A] Rangarajan committee
[B] Saraf committee
[C] Nayak committee
[D] Pannieselvam committee
[E] None of these

Which of the following terms is used in banking field?

[A] Interest rate swap
[B] Input devices
[C] Sedimentary
[D] Zero Hour
[E] None of these

Cash Reserve Ration (CRR) funds are kept by the banks in

[A] cash in hands at branches
[B] balances with other banks
[C] Balance in a special account with RBI
[D] funds in the currency chest
[E] None of these

Which of the following is NOT a KYC requirement while opening a bank account?

[A] A proof of identity
[B] A proof of address
[C] A proof of income
[D] A recent photograph
[E] None of these

The word “Code Sharing” is most used in which of the following industries?

[A] Information Technology
[B] Defense Industry
[C] Nuclear Industry
[D] Air Transport Industry
[E] None of these

Which among the following does the RBI not decide?

[C] Bank Rate
[D] Base Rate
[E] None of these

Who appoints the deputy governors of RBI?

[A] Union Government of India
[B] Board of directors of RBI
[C] RBI Governor
[D] President of India
[E] None of these

KYC guidelines followed by the Banks have been framed on the recommendations of the

[A] Ministry of Home Affairs
[B] Reserve Bank of India
[C] Indian Banks Association
[D] Financial Intelligence Unit
[E] None of these

To restrict expansion of credit, the Reserve Bank

[A] raises the bank rate
[B] reduces the bank rate
[C] freezes the bank rate
[D] none of these
[E] all of these

Which of the following is NOT considered a money market instrument?

[A] Treasury Bills
[B] Repurchase Agreement
[C] Commercial Paper
[D] Certificate of Deposit
[E] Shares and Bonds

Which of the following is a measure taken by Reserve Bank of India to control inflation in our country?

[A] Increase in CRR
[B] Increase in SLR
[C] Contraction of supply of currency
[D] Raising of Repo / Reverse Repo Rate
[E] Decrease the SLR

Central Bank ofa county is also known as the

[A] Federal bank
[B] Chief Commercial Bank
[C] Banker of banks
[D] Lead Bank
[E] None of these

According to RBI Regulations, which of the following are allowed to set up small finance banks?

[D] All of the Above
[E] None of the Above

Which of the following organizations was specially established to operate in Gramin areas by design itself?

[A] Commercial Banks
[B] Central Financial Institutes
[C] Private Banks
[D] Regional Rural Banks
[E] None of these

If the Statuary Liquidity Ratio (SLR) is increased, what will be the effect on Bank’s credit situation?

[A] It will be reduced
[B] It will be increased
[C] It will remain unaffected
[D] None of these
[E] All of the above