1500+ Banking Awareness solved MCQs with PDF download (2024)

Banking Ombudsman Scheme is applicable to thebusiness of . Which of the following functions are not being performed by the Reserve Bank of India? A bank is called as ―Scheduled Bank‖ when . Which of the following organization/agencies hassought an emergency fund of Rs. 1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers? What is the upper limit prescribed for RTGS transaction? Distribution of insurance products and insurancepolicies by banks as corporate agents is known as . Which of the following committees/ Task Forces was set up to suggest reforms in Banking Sector? FINO stands for . When the rate of inflation increases . Which of the following is the main advantage ―ASBA‖ with the applicants for share allotment? Interest on saving bank account is nowcalculated by banks on . A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as . Which of the following is not considered a money market instrument? Which of the following is not a part of the scheduled banking structure in India? Which of the following terms is used in the field of finance and banking? Goods and Services Tax (GST), would replace which of the following taxes level at present? Normally Banks accepts Fixed Deposits for a maximum period of . IFRS stands for . KYC guidelines followed by the Banks have been framed on the recommendations the . Short-term assets, representing amounts due toa vendor or suppliers of goods or services that were sold on credit terms is known as . What is the rate at which commercial banks charge on their surplus funds with RBI? is the rate at which commercial bank needs to maintain in the form of cash, or gold or government approved securities (Bonds) before providing credit to its customers. Who appoints the governor of Reserve Bank of India? In India, the Chit funds are governed / regulated by . CAG Stands for . CPI stands for . SEBI is a . At which rate the RBI lends money to a public sector bank on a long term basis? What is the full form of PPP? What is the Minimum amount of transferrequired for RTGS is . Who is the sole authority to issue and manage currency in India? In CRR, C stands for . MICR code is used for . The Statutory Liquidity Ratio (SLR), the amount of liquid assets such as cash, precious metals Money lent for more than one day but less than 15 days in the money market is known as . Smart Money‘ is a term used for . The Indian Financial System Code (IFS Code)is an alphanumeric code that uniquely identifies a bank-branch participating in the two main Electronic Funds Settlement Systems in India. IFSC code consists of how many alphanumeric codes? Which among the following committeeconstituted on Payment Banks license? SARFAESI Act 2002 related to . NDTL stands for . Magnetic Ink Character Recognition (MICR) is a 9 digits code is used mainly by the banking industry to ease the processing and clearance of cheques and other documents. The first three digits represent the . A savings as well as current account should be treated as inoperative / inactive if there are no transactions in the account for over a period ofyears. In CDR, ―R‖ stands for . If one is not satisfied with the decision passed by the Banking Ombudsman, one can approach the appellate authority to . Headquarters of National Investment and Infrastructure Fund (NIIF) is located at . According to the proposal on PSL, what sub target is to be created for Micro Enterprises in India by March 2017? What is ―Stagflation‖? Which bank has become the first private sectorbank to sell Indian gold coins? Which of the following can issue commercial paper for raising short term funds? Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan taken for higher education. Deduction under section 80E is available for What is the full form of FCCB? Which of the following institutions is responsible for the supervision of RRBs? RBS Bank has been headquartered in National Housing Bank (NHB), a wholly owned subsidiary of In India Mutual Funds are regulated by. KYC Compliance is done to . MICR stands for . Open Money Market is a place for selling andbuying of financial instrument by . Which of the following is the first commercial bank to launch mutual fund? Who can invest in a commercial paper? The committee on Banking Regulations and Supervisory Practices which released the agreed frame work on international convergence of capital measures and capital standards in July 1988 is popularly known as . Which is the first Public Sector Bank to issue capital to public? Which of the following rates is not decided by the RBI? Which of following is NOT a function of the Reserve Bank of India? With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country Banks in our country normally publicize thatadditional interest rate is allowed on retail domestic term deposits of . On which one of the following issues IMF has supported monetary policy of India? In the term STRIPS, the first letter ―S‟ denotes When the loan is granted for purchase of white goods it is called . Structure of Basel II is based on how many pillars? Which of the following organization / agencies has established a fund known as Investor Protection Fund? The CRR and SLR maintenance is on the Which of the following is the most liquid money? Who decides the value and volume of bank notes to be printed and on what basis? The largest number of commercial banks offices are located in?84). What is the purpose of KYC in banking? Which of the following is not a member of the World Bank Group? Which of the following types of cards is free from credit risk? Pledge means? Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in india? A financial contract that derives its value from another asset or an index of asset values in known as Which of the following co-operative banks is considered as the first Co-operative Bank in India? In India Agricultural Co-operative Banks was started at . According to the Sarraya Committee, averagemembership of the society‟s is . Monetary Policy as an arm of the economic policy is administered by . Co-Operative Development Bank was set up by . Co-Operative Banks in India do not finance rural areas under . Co-Operative Bank in India has a . RBI known as lender of last restore because: The seed capital of Bharatiya Mahila Bank is Which is incorrect with regard to powers of RBI: Which of the following is an investmentadvisory discipline? When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as: When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called Which of the following is not the name of a bank functioning in India? Lack of access to financial services istechnically known as Which of the following can be categories as aMerchant Banking service? What is the maturity period for senior citizen savings scheme? Crossing denotes Which of the following private banks has signed an agreement with Reliance Jio Money for One-Click payment service ? Who is primarily liable on a cheque? FAQs