Multiple Choice Banking GK Questions Answers-Set 56

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Banking Awareness- Multiple Choice Banking GK Questions Answers-Set 56
1) The monetary and credit policy is reviewed by the RBI after a gap of
A) 1 year
B) 1 month
C) 2 years
D) 5 years
E) None

2) PPF account is opened for a period of
A) 5 years
B) 10 years
C) 15 years
D) 25 years
E) None

3) National Savings Certificate matures at the end of:
A) 6 years
B) 3 years
C) 5 years
D) 4 years
E) None

4) Code of banks commitment to the micro and small enterprise is prepared by
A) RBI
B) SEBI
C) FEDAI
D) BCSBI
E) None

5) Which one of the following is not a salient feature of a debit card?
A) No bad debts to banks and no suits for recovery
B) No interest earning for banks
C) works like a normal withdrawal
D) 45 days credit is given to the cardholder
E) None

6) Which organization is being given the stats of microfinance regulation authority?
A) SIDBI
B) NABARD
C) SEBI
D) ICICI BANK
E) None

7) KYC guidelines have been framed on the recommendation as per guideline of:
A) RBI
B) Ministry of Finance
C) Indian Banks Association
D) Financial Action Task Force
E) Ministry of Home Affairs

8) Can anyone file an appeal against the order passed by the Banking Ombudsman? If so who is the
Appellate authority?
A) The chairman of a concerned bank
B) A Deputy Governor of RBI
C) Finance Minister
D) Governor of RBI
E) None

9) The interest charged on loans by commercial banks is regulated by the:
A) RBI
B) Commercial Bank
C) Finance Ministry
D) Foreign Exchange Reserve
E) None

10) Which of the following is also termed as or better known as demand deposit?
A) Fixed deposit
B) Savings deposit
C) Current deposit
D) Recurring deposit
E) None

11) Hot money can also be termed as:
A) IDR
B) SDR
C) FII
D) FDI
E) None

12) What is the maximum amount that is insured by DICGC?
A) Rs 50000
B) Rs 20000
C) Rs 1,00,000
D) Rs 10000
E) None

13) Which among the following is the supervisory function of RBI?
A) Control over NBFIs
B) Exchange rate management
C) Bankers to the government
D) Provision of industrial finance
E) None

14) If the central bank reduces CRR, what will be its impact on banks?
A) They will have to keep fewer amounts with RBI
B) More funds will be available with the banks for deploying in other business
C) Reduction of interest rates on loan provided by banks
D) All of the above
E) None

15) Which money market instrument is mainly used by the banks to meet their temporary requirement of cash?
A) Call money
B) Treasury bill
C) Certificate of deposit
D) Trade bill
E) Commercial paper.

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Multiple Choice Banking GK Questions Answers-Set 56: Ans.

1. A)
2. C)
3. A)
4. B)
5. D)
6. C)
7. A)
8. B)
9. A)
10. C)
11. C)
12. C)
13. A)
14. D)
15. A)
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1)Banking & Traditional GK MCQ

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