BANKING AWARENESS MCQS PART 09

BANKING AWARENESS MCQS PART 09

1. The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______
A. CIBIL
B. Fraudelent Borrowers List
C. RBI wilful Defaulter List
D. Central Fraud Registry
E. None of the Above

2. The record of all economic transactions between the residents of a country and the rest of the world in a particular period is known as _______
A. Balance in Current Account
B. Balance in Capital Account
C. Trade Settlements
D. Balance of Trade
E. Balance of Payments

3. Public Debt Management Agency (PDMA) is being to set up to prevent leakages and development of the ___________
A. Treasury Market       
B. Bond Market       
C. Money Market
D. Capital Market           
E. Call Money Market

4. The agency which is tasked with collecting analysing and disseminating information related to dubious financial transactions is ________
A. Financial Intelligence Unit(FIU)
B. Financial Action Task Force(FATF)
C. Central Economic Intelligence Bureau(CEIB)
D. Central Intelligence Bureau(CIB)
E. Financial Stability Board(FSB)

5. Who finalizes the value and volume of the notes to be printed every year?
A. Independently by Ministry of Finance
B. Independently by Ministry of Government of India
C. Committee of Bank Heads
D. With Mutual Consultation of the GOI and Bank Heads
E. With Mutual Consultation of the RBI and GOI

6. e-KYC is possible only for those who have _______
A. PAN Card       
B. Driving License       
C. Ration Card   
D. Aadhaar Number   
E. None of the Above

7. An open source platform for mobile-to-mobile fund transfers without account details launched by NPCI was ________
A. Unified Payment Interface
B. Union of Payment Interface
C. Payment Interface
D. Unique Payment Interface
E. People’s Payment Interface

8. The practice of lending money to unrelated individuals, or “peers”, without going through a traditional financial intermediary such as a bank or other traditional financial institution is called__________
A. B2B transactions       
B. C2C transactions       
C. P2P lending
D. PPP Model           
E. P2P Investing

9. Banks can not generally accept interest-free deposits. Which of the following is an exception to this rule?
A. Current Account
B. Savings Account of Minors
C. Deposit from Minority groups
D. BSBDA
E. None of the Above

10. Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of________
A. Six months       
B. Three months   
C. One year       
D. 15 days
E. None of the Above

Answer Keys:
1.D
2.E
3.B
4.A
5.E
6.D
7.A
8.C
9.A
10.C