Banking Awareness MCQ-41

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

Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 by The Banker, the Financial Times Group’s monthly publication?

[A] Janet Yellen
[B] Raghuram Raj an
[C] Graeme Wheeler
[D] Mario Draghi
[E] None of these

Which of the following is the purpose of introducing “Know Your Customer” norms by the banks?

[A] Identifying people who do not pay Income Tax
[B] To bring more and more people under the banking net
[C] To ensure that the money deposited in banks has come from genuine sources
[D] None of the Above
[E] Both a) and b)

Consider these statements:-
Statement I – RBI decides volume and value of banknotes to be printed.
Statement II – RBI decides volume and value of coins to be minted.

[A] Both are true.
[B] Both are false.
[C] Statement I is true, but statement II is false.
[D] Statement I is false, whereas II is true.
[E] None of these

Who is primarily liable on a cheque?

[A] Drawee banker
[B] Drawer
[C] Payee
[D] Collecting banker
[E] None of the above

Which of the following is a public sector bank?

[A] Andhra Bank
[B] Federal Bank
[C] ICICI Bank
[E] None of these

“CAMEL model” is used by ____?

[A] Bankers to evaluate a credit proposal
[B] Bankers to manage their risks
[C] RBI inspectors to evaluate banks functions
[D] Merchant Bankers to evaluate portfolio investment
[E] None of the above

Public Sector Banks are:

[A] More people visit these banks
[B] RBI or Government of India or Both have at least 51% shares in the bank
[C] Banks run by government having directors elected by public
[D] None of The Above

The BFS’s board member are appointed for term of:

[A] 2 years
[B] 3 years
[C] 4 years
[D] None of These
[E] All of these

Which bank had the highest concentrations of operations overseas in 2010?

[A] Bank of Baroda
[B] Bank of India
[C] State Bank of India
[D] Union Bank of India
[E] None of these

Central Co-operative banks work at:

[A] District level
[B] State level
[C] National level
[D] Block level
[E] None of these

Where are the headquarters of National Housing Bank?

[A] Lucknow
[B] Allahabad
[C] Mumbai
[D] New Delhi
[E] Kolkata

What does M stand for In CAMELS?

[A] Maintenance
[B] Management
[C] Misappropriation
[D] Money
[E] None of these

Normally Banks accepts Fixed Deposits for a maximum period of_____.

[A] 5 years
[B] 3 years
[C] 7 years
[D] 20 years
[E] 10 years

How many banks were nationalized in July 1969, when first Nationalization took place ?

[A] 5
[B] 8
[C] 10
[D] 14
[E] None of these

Which of the following has become the first Indian lender to complete a banking transaction using Blockchain technology?

[A] HDFC Bank
[B] ICICI Bank
[C] Axis Bank
[D] Federal Bank
[E] YES Bank