Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Banking Affairs - 4

1.SBI has become the first bank to install an ATM at Drass of  Jammu & Kashmir Kargil region, making it the 27,032nd branch of the Bank on 27th July 2012. What is the importance of Drass ?
(a) This is the hottest place on earth
(b) Second coldest place on Earth
(c) Highest populated place in India
(d) Lowest populated place in India

    2. Where the world's first bit coin ATM opened dispensing hard money in exchange for the anonymous crypto-currency ?
    (a) India
    (b) UK
    (c) Canada
    (d) Japan

      3. Own your NPA campaign was launched by ?
      (a) ICICI
      (b) Canara Bank
      (c) Andhra Bank
      (d) IDBI

        4. Asia's first credit card with Visa Code launched by ?
        (a) ICICI
        (b) Axis Bank
        (c) Karnataka Bank Ltd
        (d) SBI


        5. As per known commercial banks accept deposits from the public. What do banks do with this money?
        (a) This a type of credit creation. Bank gives this on loan.
        (b) This is an income for the bank.
        (c) Banks give this money directly to the Govt. for developmental projects.
        (d) This money is deposited with the RBI who in turn gives some interest on it to banks.



        6. 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



        7. “Sensitive Index” of Bombay Stock Exchange is called ______
        (a) Forex
        (b) MAX
        (c) LIBOR
        (d) Sensex



        8. What is financial inclusion?
        (a) To provide a permanent employment to the unemployed
        (b) To provide a 100 days job at all those who are in need of a job
        (c) To provide banking services to all those living in remote areas
        (d) To ensure that all financial transactions amounting Rs. 5,000/- and above are done through banks.



        9. Exporters in India get insurance cover and risk cover form which of the following organizations?
        (a) SIDBI
        (b) NABARD
        (c) ECGC
        (d) RBI



        10. Banks do not provide which of the following services?
        (a) Issuing Bank Draft
        (b) Depositing Money
        (c) Sale of post .cards and postal stamps
        (d) Lockers for valuable items/documents



        11. The regulator of Micro Finance in India is:
        (a) Finance Ministry
        (b) Reserve Bank of India
        (c) State Bank of India
        (d) SEBI


        12. Which of the following rates decided by the RBI is called “Policy Rate”?
        (a) Lending Rate
        (b) Cash Reserve Ratio
        (c) Bank Rate
        (d) Deposit Rate



        13. Loan given by the banks to farmers/small shop owners etc. is known as
        (a) Corporate loan
        (b) Business loan
        (c) Priority Loan
        (d) Commercial Loan



        14. The Head Office of which of the following banks is in Mumbai?
        (a) Punjab National Bank
        (b) Bank of Maharashtra
        (c) UCO Bank
        (d) Union Bank of India


        15. Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements as measures of credit control are classified as
        (a) Quantitative methods
        (b) Qualitative methods
        (c) Weighted average methods
        (d) None of the above

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