Banking Awareness MCQ-48

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

Which of the following instruments of credit control adopted by the Reserve Bank of India (RBI) does not fall within ‘general’ or ‘quantitative’ methods of credit control?

[A] Bank rate
[B] Open market operations
[C] Stipulation of certain minimum margin in respect of advance against specified commodities
[D] Variable reserve requirements
[E] None of the these

Co-operation as a form of economic activity was formally recognized in India in the year 1904 when

[A] Mahatma Gandhi inaugurated the first Indian cooperative bank
[B] the first co-operative bank was established in Bombay
[C] the first Co-operative Societies Act was passed
[D] All of the above
[E] None of the above

A promissory note that is not secured by any collateral or not secured by a mortgage or lien marked on any property is _______instrument.

[A] Debenture
[B] Bill of exchange
[C] Commercial bill
[D] Currency bill
[E] None of these

Money market is a market for debt securities that pay off in the short term………..

[A] Usually less than two years.
[B] Usually less than three years.
[C] Usually less than one year.
[D] Usually less than five years.
[E] None of these

The tax on import and export is known as

[A] income tax
[B] trade tax
[C] custom duty
[D] commercial tax.
[E] None of these

The appointments of Banking Ombudsman will be carried out by which of the following?

[A] Finance Ministry
[C] Govt. of India
[E] None of these

The interest on Marginal Standing Facility sanctioned by RBI to banks is:

[A] Repo rate plus 1%
[B] Repo Rate plus 2%
[C] Repo Rate plus 3%
[D] One percent less than reverse repo rate
[E] None of the above

A loan which is secured by collateral and for which borrower is not personally liable is called

[A] Secured loan
[B] Syndicated loan
[C] Non-Recourse loan
[D] No Documentation loan
[E] None of these

What is the full form of IPO?

[A] Initial Private Offering
[B] Initial Partnership Offering
[C] Initial Public Offering
[D] Interest Private offering
[E] None of the above

ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with

[A] Capital Market
[B] Loans
[C] World Bank Grants
[D] Ponzi Schemes
[E] None of these

What is fiat money?

[A] The currency backed by Government Guarantee
[B] The currency backed by gold reserves
[C] The currency backed by paper assets
[D] The currency backed by individuals
[E] None of these

The following are main objectives of the SEBI

[A] to protect interest of investors
[B] to promote the development of security market
[C] to regulate the security market
[D] all of the above
[E] none of the above

When the rate of inflation increases?

[A] Purchasing power of money increases
[B] Purchasing power of money decreases
[C] Value of money increases
[D] Purchasing power of money remains unaffected
[E] Amount of money in circulation decreases

Largest shareholder (in percentage shareholding) of a nationalized bank is.

[D] Govt. of India

In the field of banking, what does ADF stand for?

[A] Additional Dearness Allowance
[B] Automated Data Flow
[C] Additional Deposit Allowance
[D] Automated Deposit Allowance
[E] None of the Above