Banking Awareness MCQ-44

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

Which Bank in India opened India’s first offshore banking Unit ?

[A] SBH
[B] ICICI
[C] SBI
[D] Axis
[E] Bank of Baroda

Buying and selling of eligible securities by RBI in the money market can be termed as

[A] Open Economy Operations
[B] Open Market Operations
[C] Credit Control Measures
[D] Credit Creation Measures
[E] None of these

What is Repo Rate?

[A] It is a rate at which RBI sells government securities to banks
[B] It is a rate at which RBI buys government securities from banks
[C] It is a rate at which RBI allows small loans in the market
[D] All of these
[E] None of these

A __ offers loans to people starting their own business”

[A] Bank
[B] Credit Union
[C] Pawnshop
[D] Both a) and b)
[E] None of These

Which of the following is NOT a type of cheque issued by an individual?

[A] Bearer cheque
[B] Order cheque
[C] Crossed cheque
[D] Savings cheque
[E] None of the above

Which of the following committees/ Task Forces was set up to suggest reforms in Banking Sector?

[A] Swaminathan Committee
[B] Narasimham Committee
[C] Rajinder Sachar Committee
[D] Task Force on Infrastructure
[E] None of these

Which of the following term is not associated with economy?

[A] GDP
[B] Hindu Growth
[C] PPP
[D] LED
[E] None of these

Medium-term industrial finance refers to the funds required for a period of one year to _____

[A] 6 years
[B] 2 years
[C] 3 years
[D] 4 years
[E] 5 years

The Headquarters of SMERA is located in

[A] Mumbai
[B] New Delhi
[C] Hyderabad
[D] Gurugram
[E] None of these

Which of the following is not a primary function of a Bank?

[A] Granting Loans
[B] Collecting Cheques/Drafts customers
[C] Facilitating import of goods
[D] Issuing Bank Drafts
[E] Selling Gold/Silver Coins

RBI was established on ______ ?

[A] 21st April 1940
[B] 20th April 1943
[C] 2nd April 1947
[D] 1st April 1935
[E] None of these

Co-Operative Bank in India has a_

[A] Four tier system
[B] Two tier system
[C] Three tier system
[D] Five tier system
[E] Six tier system

In the financial sector there are many companies who are providing banking like activities though they are not recognized as banks. How is this particular type of activity known as?

[A] Informal banking
[B] Indigenous banking
[C] Shadow banking
[D] Development banking
[E] None of these

An Asset Management Company is promoted for which of the following purposes?

[A] To manage the assets of insurance company
[B] To manage the funds of a mutual fund
[C] To manage loans taken from other banks
[D] To manage the assets of NBFCs
[E] None of these

RBI doesn’t have an office in

[A] Jaipur
[B] Bhopal
[C] Kanpur
[D] Shimla
[E] None of these