Banking Awareness MCQs Part 31

1. In context of BASEL III Accords, what does LCR stands for______.

1) Liberalized capital rate

2) Liberalized Currency ratio

3) Leveled Credit rate

4) Low Capital Region

5) Liquidity Coverage ratio

2. ______ , recently got Scheduled Bank status.

1) Equitas Small Finance Bank

2) A U Small Finance Bank

3) Jana Small Finance Bank

4) Capital Small Finance Bank

5) ESAF Small Finance Bank

3. MICR is a nine-digit number printed on banking instruments such as a cheque or a demand draft, its first three digits denotes_________.

1) City

2) CVV

3) Bank code

4) Country Code

5) Branch code

4. National Small Saving is part of _______.

1) Consolidated Fund of India

2) Contingency Fund of India

3) Public Account of India

4) Both (1) & (3)

5) All (1), (2) & (3)

5.Which of the following banks has a tagline ‘Let’s make money simple’?

1) Bank of India

2) Central Bank of India

3) IDBI

4) Kotak Mahindra Bank

5) Dena Bank

6.Which of the following committee recommended the formation of ‘Payments Bank’ in India?

1) Nalin Mehta

2) B Sivaraman

3) Urjit Patel

4) Nachiket Mor

5) Aviral Acharya

7. Support extended to limit production comes under which category of WTO?

1) Amber box

2) Green box

3) Development Box

4) Blue box

5) Special and Differential treatment Box

8. ______measures the amount of money flowing from one country to other countries over one monetary year.

1) Foreign institutional Investment

2) Balance of Payments

3) Foreign portfolio investment

4) Foreign Direct Investment

5) None of the above

9. Which of the following is a component for calculating index ratio in the Inflation-indexed bonds?

1) WPI on Settlement date

2) CPI on Settlement date

3) WPI on Issue Date

4) Both 1 & 3

5) Both 1 & 2

10. The Reserve Bank of India has sold its entire stake in NABARD and NHB to the government based on the recommendation of _____.

1) Narasimham Committee

2) Raghuram Rajan Committee

3) Urjit Patel Committee

4) YV Reddy Committee

5) HR Khan Committee

Banking Awareness MCQs Part 28 

1. In a/an _______ market, the seller sells his goods to the highest bidder.
1) Black Market
2) Knowledge Market
3) Financial Market
4) Auction Market
5) Physical Market
correct option : 4

2. Which among the following would help Cooperative banks to get Core Banking Access?
1) RBI
2) NABARD
3) SEBI
4) SIDBI
5) NHB
correct option : 2

3. What is the maximum limit of Foreign Direct Investment in White Label ATMs?
1) 49%
2) 86%
3) 100%
4) 70%
5) 26%
correct option : 3

4. Commercial Paper can be issued in the minimum denominations of _______ rupees.
1) 1 Lakh
2) 2 Lakh
3) 3 Lakh
4) 4 Lakh
5) 5 Lakh
correct option : 5

5. RBI has proposed Rs _________ crore minimum capital for small banks under 'on tap' licence regime.
1) 100
2) 200
3) 300
4) 400
5) 500
correct option : 2

6. Reserve Bank of India (RBI),recently reduced the risk weight requirement for consumer loans to _________ percent, from previous 125 percent.
1) 75
2) 90
3) 100
4) 110
5) None of these
correct option : 3

7. The type of fund that invest exclusively in government securities is known as _______.
1) Index Fund
2) Gilt Fund
3) Specific Fund
4) Liquid Fund
5) None of the above
correct option : 2

8.We can transfer funds using your BHIM SBI Pay app to your friend/relative by knowing only their ___________.
1) Virtual Payment Application
2) Versatile Payment Address
3) Virtual Payback Address
4) Virtual Payment Address
5) Visual Pay Address
correct option : 4

9. What is the maximum amount of loan to be given in Kishore Category of MUDRA Bank?
1) 50000
2) 10 Lakh
3) 5 Lakh
4) 15 Lakh
5) 1 Lakh
correct option : 3

10. ___________ has introduced to regulate the financial sectors for ensuring better efficiency as well as for avoiding conflicts due to overlapping of functions.
1) RBI
2) FRDI
3) FSDC
4) FIEO
5) IRMA
correct option : 3

1. What is the lock-in period of funds involved in Equity-linked Savings Scheme?
1) No Lock-in Period
2) 2 Years
3) 6 Months
4) 12 Months
5) 3 Years


2. _________by IDBI Bank is a first of its kind Mobile Money payment solution.
1) PayBid
2) PayId
3) Bipay
4) IDBIMob
5) PayApt


3. Who appoints the Chairman of Finance Commission?
1) Prime Minister
2) Union Finance Minister
3) Governor, RBI
4) President of India
5) Chairman, NITI Aayog


4. RBI has increased the bank credit to NBFCs for on-lending to MSEs under Priority Sector Lending up to a limit of______ percentage of bank’s total PSL.
1) 4%
2) 4.5%
3) 5%
4) 5.5%
5) 6%


5. The headquarters of National Payments Corporation of India (NPCI) is situated in _________.
1) New Delhi
2) Kolkata
3) Lucknow
4) Mumbai
5) None of the above


6. SARFAESI Act was enacted to identify and rectify the problem of NPAs. ‘R’ in SARFAESI stands for________.
1) Returns
2) Recovery
3) Reconstruction
4) Reduced
5) Repaying


7. While exchanging the soiled notes, a person can be presented the maximum of ____ pieces with a maximum value of _____ per day respectively.
1) 10,  1000
2) 20, 2500
3) 20, 5000
4) 25, 2500
5) 25, 5000


8. The fund that can be invested exclusively in government securities is known as _______.
1) Index Fund
2) Gilt Fund
3) Specific Fund
4) Liquid Fund
5) None of the above


9. Aditya Birla Health Insurance has entered into a bancassurance partnership with which among the following banks?
1) Andhra Bank
2) ICICI Bank
3) HDFC Bank
4) Axis Bank
5) Bandhan Bank


10. Recently, the Confederation of Indian Industry unveiled FPI to assess the quality of Budgets. In FPI, ‘P’ denotes ______.
1) Pricing
2) Performance
3) Product
4) Producing
5) Planning

Banking Awareness MCQs Part 30

1. As per the RBI's notification, the bank should have to reverse failed transactions within a maximum of ________ days of failed transactions.
1) T + 3
2) T + 4
3) T + 2
4) T + 7
5) T + 5
correct option : 5

2. Recently, Bank of Baroda launched Centralised Processing hubs at ________ for farmers.
1) Bengaluru
2) Chennai
3) Hyderabad
4) Mumbai
5) Vadodara
correct option : 3

3. _______ is a negotiable financial instrument issued by a bank to represent a foreign company’s publicly traded securities.
1) Promissory notes
2) Depositary Receipt
3) Bills of Exchange
4) Participatory Notes
5) Certificates of Deposit
correct option : 2

4. Mumbai is the Headquarters of which of the following Banks?
1) Federal Bank
2) Syndicate Bank
3) RBL Bank
4) Punjab National Bank
5) Oriental Bank of Commerce
correct option : 3

5. The applications of SFB were analyzed and evaluated by an External Advisory Committee. The EAC for Small Finance Banks was chaired by ____________
1) Nachiket Mor
2) Usha Thorat
3) Balachandran
4) Deepak Pathak
5) Sriram
correct option : 2

6. A SWIFT code is an international bank code that identifies particular banks worldwide. In Swift Code, 5 th & 6 th digits denote-
1) Country Code
2) Bank Code
3) Location Code
4) Branch Code
5) City code
correct option : 1

7. The Insurance Ombudsman shall pass an award within a period of _____ months from the receipt of the complaint.
1) 12
2) 3
3) 2
4) 9
5) 6
correct option : 2

8. RBI ,recently approved reappointment of Shyam Srinivasan as CEO of_________.
1) Lakshmi Vilas Bank
2) RBL Bank
3) Yes Bank
4) Federal Bank
5) ICICI Bank
correct option : 4

9. _________ is set to invest in 6 projects with 1.09 billion U.S.D in countries of the Association of Southeast Asian Nations (ASEAN).
1) ADB
2) NDB
3) IMF
4) AIIB
5) None of these
correct option : 4

10. Which of the following committees recommended to allowing private sector companies to promote insurance in the country?
1) Raghavan Committee
2) R N Malhotra Committee
3) P R Khanna Committee
4) D R Mehta Committee
5) J Reddy Committee
correct option : 2

Banking Awareness MCQs Part 25 

1. The Nainital bank is a subsidiary of ____________.
1) Bank of Baroda
2) Axis Bank
3) Punjab National Bank
4) Bandhan Bank
5) Canara Bank
correct option : 1

2. Which of the following term is used to define a period of time when someone goes without insurance coverage?
1) Endorsement
2) Lapse
3) Condominium
4) Arson
5) Exclusion
correct option : 2

3. What is the function of Authorised Money Changers?
1) Deal in foreign exchange facilities
2) Distribution of new notes for soiled notes
3) Converting physical money into digital currency
4) Facilitating online transactions within and outside country
5) Money transfer for securities sold in market
correct option : 1

4. What was the initial corpus with which Rural Infrastructure Development Fund was set up?
1) Rs 1000 Crore
2) Rs 750 Crore
3) Rs 1250 Crore
4) Rs 2000 Crore
5) Rs 1750 Crore
correct option : 4

5. What is the Capital to Risk- weighted Assets Ratio (CRAR) to be maintained by Indian Banks under Basel III norms?
1) 8%
2) 6%
3) 9%
4) 7%
5) 10%
correct option : 3

6. Which of the following is a competitive market situation where there are many sellers, but they are selling heterogeneous (dissimilar) goods?
1) Absolute Competition
2) Imperfect Competition
3) Perfect Competition
4) Oligopolistic Competition
5) None of the above
correct option : 2

7. Automated Teller Machines (ATMs) set up, owned and operated by non-bank entities are called _____________ ATMs.
1) Brown-label
2) Blue-label
3) White-label
4) Grey-label
5) None of those given as options
correct option : 3

8. Insurance premiums cannot be paid by ________
1) Promissory Note
2) UPI
3) RuPay Card
4) Both A & B
5) All A, B & C
correct option : 1

9. Reserve Bank has identified four broad areas for targeted policy intervention to improve the existing payments system. Which of the following is not among them?
1) Competition
2) Cost
3) Coverage
4) Convenience
5) Confidence
correct option : 3
 

10. Which among the following is true about ‘Perpetual Bond’?
1) A bond with tax-free interest
2) A bond with high yields
3) A bond with a redeemable option
4) A bond with fixed income
5) None of the above
correct option : 4

Banking Awareness MCQs Part 26  

1. SBI recently offered MUDRA loans to Kerala broiler farmers. What is the maximum Loan limit under MUDRA?
1) Rs 4 Lakh
2) Rs 10 Lakh
3) Rs 12 Lakh
4) Rs 5 Lakh
5) Rs 7 Lakh


2. There are basically _____ principles that govern the insurance.
1) 10
2) 12
3) 7
4) 5
5) 3


3. “Sar utha ke jiyo” is a tagline of _______________.
1) SBI Life Insurance
2) Postal Life Insurance
3) HDFC Standard Life Insurance
4) Aviva Life Insurance
5) ICICI Prudential Life Insurance


4. In FY-20, NBFCs are expected to grow by __________, as per Ratings agency India Ratings.
1) 4-5%
2) 6-7%
3) 8-9%
4) 10-12%
5) 6-9%


5. Insurance regulator IRDAI formed a working group to revisit norms on trade credit insurance. Where is the headquarters of IRDAI situated?
1) Pune
2) Mumbai
3) Chennai
4) Hyderabad
5) New Delhi


6. State Bank of India has planned to sell ______ percent stake in SBI Life Insurance for ? 3465 Crore.
1) 4.5%
2) 6.5%
3) 3.5%
4) 5.0%
5) 2.5%

7. __________, recently came out with new ATM withdrawal charges, to be revised from October 1.
1) BOB
2) Union Bank of India
3) SBI
4) IDBI
5) None of these


8. IDBI Bank announced its decision to launch co-branded credit card with which of the following organisation?
1) EPFO
2) NHB
3) RBI
4) LIC
5) NABARD


9. Recently, RBI Panel under the chairmanship of _______ has recommended that an intermediary be set up under the National Housing Bank (NHB).
1) Bimal Jalan
2) Pami Dua
3) VK Johri
4) Usha Thorat
5) Harsh Vardhan


10. ______ ,recently rationalised MDR for RuPay debit card deals.
1) None of these
2) NPCI
3) RBI
4) IBDRT
5) ReBIT

Banking Awareness MCQs Part 27 

1. Certificate of Deposit (CD) is issued by_____________.
1) Reserve Bank of India
2) NABARD
3) Scheduled commercial banks
4) Private organizations
5) All of the above


2.What is the maximum FDI limit in the Small finance Banks?
1) 35%
2) 51%
3) 100%
4) 74%
5) 49%


3. APA gives certainty to taxpayers, reduce disputes and enhances tax revenues. What does ‘P’ denote in ‘APA’?
1) Personal
2) Pricing
3) Payment
4) Public
5) Preference


4. As per the RBI guidelines, which among the following categories of loans could NOT be priced without reference to Base Rate?
1) DRI advances
2) Loans to retired bank employees
3) Education Loan
4) Loans to banks’ depositors against the collateral property
5) Both (a) and (d)


5. Reserve Bank of India (RBI) extended timings for customer transactions in the Real Time Gross Settlement (RTGS). In India RTGS was started in__________.
1) May 2005
2) March 2004
3) June 2006
4) August 2005
5) None of the above


6. The Reserve Bank of India has advised SCBs to appoint Internal Ombudsman under the section 35A of ________.
1) Banking Companies Act 1970
2) Banking Ombudsman Act 2006
3) Reserve Bank of India Act 1934
4) Banking Regulation Act 1949
5) None of the above


7. Which among the following account type has the maximum interest rate compared to others?
1) Savings Bank Account
2) Current Deposit Account
3) Recurring Deposit Account
4) Fixed Deposit Account
5) None of the above


8. As per the guidelines of RBI, Regional Rural Banks have a target of _____ percentage of their outstanding advances for priority sector lending.
1) 75%
2) 40%
3) 60%
4) 80%
5) 45%


9. Which among the following deposits allows the depositor to withdraw funds from the account without notice?
1) Time deposit
2) Term deposit
3) Fixed deposit
4) Demand deposit
5) Variable deposit


10. Where are the headquarters of WTO located?
1) Switzerland
2) France
3) Denmark
4) Estonia
5) Belgium

 Banking Awareness MCQs Part 24 

1. Who presented the first Union budget of independent India?
1) Jawaharlal Nehru
2) Vallabhai Patel
3) Bhimrao Ambedkar
4) RK Sanmukham Chetty
5) John Mathai


2. What is the minimum Capital Adequacy ratio to be maintained by payment banks in India?
1) 11%
2) 12%
3) 11.5%
4) 15%
5) 14%


3. ______ is a fixed amount that is received or paid at regular intervals for a specified period.
1) Perpetuity
2) Annuity
3) Premium
4) Dividend
5) Bonus


4. As per RBI mandate, banks may choose any benchmark market interest rate published by FBIL for linking of their loan products. What is 'I' in FBIL?
1) Integrated
2) Industrial
3) Interest
4) India
5) Insolvency

5. Government has decided to infuse Rs __________ crore in IDBI Bank to work out as bailout money for the bank
1) 8000
2) 14000
3) 11000
4) 9000
5) 12000


6. _______ is a product for which demand increases as the price increases and falls when the price decreases.
1) Complementary Goods
2) Novice Goods
3) Giffen Goods
4) Auxiliary Goods
5) Gilt Goods


7. Which of the following small finance bank of India recently proposed issuing shares of the bank to its shareholders without cash consideration?
1) Ujjivan SFB
2) Equitas SFB
3) Utkarsh SFB
4) Fincare SFB
5) ESAF SFB


8. Bank of Baroda has planned to raise capital up to Rs ___________ crore through tier-II bonds for meeting capital adequacy norms for the newly merged entity.
1) 5000
2) 1500
3) 2400
4) 2000
5) 3000


9. The maximum incentive that could be received as a Merchant on BHIM Aadhar Pay App is _________.
1) 3000
2) 50
3) 2000
4) 5000
5) There is no such incentive


10. RBI, recently declined ________ request to extend listing deadline for small finance bank.
1) Ujjivan
2) Jana
3) Equitas
4) AU
5) Fincare

Banking Awareness MCQs Part 21 

1. Which of the following is not one of the quantitative measures of credit control used by Reserve Bank of India?
1) SLR
2) CRR
3) Bank rate Policy
4) Moral Suasion
5) All are true


2. Which of the following ratio shows the amount of currency that people hold as a proportion of aggregate deposits?
1) Debit Deposit Ratio
2) CASA Ratio
3) Currency Deposit Ratio
4) Credit Deposit Ratio
5) Loan to Deposit Ratio


3. Which of the following authorities appoint Banking Ombudsman?
1) Ministry of Finance, Government of India
2) Individual Commercial Banks
3) Reserve Bank of India
4) Indian Banks' Association
5) Banking Codes and Standards Board of India


4. The Bank of Rajasthan was merged with which of the following banks?
1) ICICI Bank
2) HDFC Bank
3) ING Vysya
4) Kotak Mahindra Bank
5) Axis Bank


5. Addition of Product taxes and deduction of product subsidies from GVA basic prices will provide
1) GVA factor cost
2) GVA market price
3) GDP factor cost
4) GDP market price
5) GDP basic price


6. ____________panel of the RBI has recommended that the revised economic capital framework will be reviewed every five years.
1) Usha Thorat
2) Bimal Jalan
3) Nachiket Mor
4) Y V Reddy
5) None of these


7. Government, along with three other mergers has decided to merge Canara Bank and Syndicate Bank making it _________ largest bank entity.
1) 2nd
2) 3rd
3) 4th
4) 5th
5) 7th


8.Which of the following is/are TRUE regarding Shares in capital market?
1) Risk factor is high in shares than in debt instruments
2) It is a unit of ownership
3) Equity Shares have claim over capital, profit and loss
4) Both A & B Only
5) All A, B & C


9.Which of the following term denotes a currency which is hyper-sensitive and fluctuates frequently often with political & economic situations?
1) Hard Currency
2) Hot Currency
3) Soft Currency
4) Easy Currency
5) None of the above


10. Acc. to Finance Ministry, GST collection up ______ % in August at ?98,202 crore.
1) 3.57
2) 4.51
3) 6.51
4) 2.67
5) None of these

Banking Awareness MCQs Part 22

1. As per recent notification by NPCI ,MDR has been revised to 0.30% with a maximum cap of ?100 per transaction. 'D' in MDR stands for__________.
1) Digital
2) Discount
3) Discreet
4) Developed
5) Department
correct option : 2

2. RBI has extended deadline for PPIs to become full KYC complaint, from ________months to________ months.
1) 12, 16
2) 9, 12
3) 18, 24
4) 24,30
5) 36, 48
correct option : 3

3.Which bank recently tied up with TATA AIG insurance for diverse range of general insurance policies benefiting the bank’s customers?
1) South Indian Bank
2) Federal Bank
3) Corporation Bank
4) Indian Bank
5) Indian Overseas Bank
correct option : 4

4. Samsung India tied up with Mastercard and which other bank in India for mobile payments?
1) Bank of India
2) ICICI Bank
3) RBL Bank
4) Bank of Baroda
5) Allahabad Bank
correct option : 3

5. Which of the following bank says to you, “Apno ka Bank”?
1) Federal Bank
2) Allahabad Bank
3) Punjab National Bank
4) IDFC Capital First
5) RBL Bank
correct option : 5

6. In which of the following payment system(s) is the user required to provide Indian Financial System Code (IFSC) during transactions?
1) Real Time Gross Settlement
2) National Electronic Funds Transfer
3) Credit card and Debit card transactions
4) Both A & B
5) All of the above
correct option : 4

7. ___________ is long-term unemployment caused by the decline of certain industries and changes in the production process.
1) Frictional unemployment
2) Cyclical unemployment
3) Structural unemployment
4) Seasonal unemployment
5) Disguised unemployment
correct option : 3

8. Which of the following can act as Issuing and Paying Agent for the issuance of Commercial Paper?
1) Corporates
2) Foreign Institutions
3) Scheduled Bank
4) Non-Scheduled Bank
5) All the above
correct option : 3

9.Which of the following entities recently announced the establishment of the first global green bond fund?
1) IMF, Deutsche Asset Management
2) ADB, BNP Paribas Investment Partners
3) None of these
4) NDB, New York Life Investment Management
5) IFC & HSBC Global Asset Management
correct option : 5

10. CMO is a generic term for a security backed by real estate mortgages. ‘O’ in CMO stands for____________.
1) Offerings
2) Obligation
3) Overseas
4) Ombudsman
5) Ownership
correct option : 2

Banking Awareness MCQs Part 23 

1. ECS is an electronic mode of payment / receipt for transactions that are repetitive and periodic in nature. ‘C’ in ECS stands for?
1) Corporate
2) Company
3) Cash
4) Customer
5) Clearing

2.Which of he following facility/service is NOT available in a White Label ATM?
1) Regular Bills Payment
2) Cash Deposit
3) PIN change
4) Request for Cheque Book
5) All the above ARE available

3. As per the RBI annual report, Banking fraud cases have witnessed a rise by over how much percentage (approx.) in FY-19 over FY-18?
1) 70%
2) 78%
3) 80%
4) 85%
5) None of those given as options

4. Which organisation recently underwent an agreement with Steel Users Federation of India for launch of steel futures?
1) National Stock Exchange
2) Multi-commodity Exchange
3) Ahmedabad stock exchange
4) India-International Exchange
5) Bombay Stock Exchange

5. SBI ,recently raised up to Rs _____ Crore By Issuing Basel-III-Compliant Bonds.
1) 2134
2) 3105
3) 4567
4) 5798
5) 8653

6. ICAAP is a process which helps banks in India to assess the capital requirement under BASEL norms. What is ‘I’ in ICAAP?
1) Internal
2) Investment
3) Industry
4) Integrated
5) Initial

7. The “India Microfinance Equity Fund” is operated through ___________.
1) MUDRA Bank
2) SIDBI
3) RBI
4) Scheduled banks
5) Industrial Finance Corporation of India

8.Who among the following is/are eligible for opening a Fixed Deposit in a bank?
1) Hindu Undivided Family
2) Limited Companies
3) Clubs and Societies
4) A & B Only
5) All A, B & C

9. Among the following which are the Indian credit bureaus?
1) CIBIL TransUnion
2) Experian
3) Equifax
4) CRIF High Mark
5) All of the above

10. Which of the following option is INCORRECT regarding Treasury Bills?
1) They have a maximum maturity period of 192 days
2) They pay maximum interest among other instruments
3) They are issued by Finance Ministry
4) Both A & C only
5) All A, B & C

 Banking Awareness MCQs Part 18 

1. The fintech NBFCs should have less than ______ percentage of non-performing assets to be eligible for funding assistance.
1) 15%
2) 9%
3) 4%
4) 8%
5) 11%


2. The Reserve Bank of India has introduced the changes in the Credit Authorisation Scheme of Credit based on the recommendation of _______.
1) Sivaraman Committee
2) Siddiqui Committee
3) Narasimham Committee
4) Chakravarty Committee
5) Vaghul Committee


3.What is the maximum FDI limit in the Small Finance Banks?
1) 35%
2) 51%
3) 100%
4) 74%
5) 49%


4. Interest Rates are the rates that banks offer to their depositors. Which among the following is NOT a factor for determining the interest rates?
1) Government borrowings
2) Supply of Money
3) Current Account Deficit
4) Demand for Money
5) Inflation Rate


5. Index of Eight Core Industries doesn’t measure the performance of _______.
1) Coal
2) Iron
3) Cement
4) Fertilizer
5) Electricity

6. EPFO is likely to appoint ______ as fund managers.
1) SBI MF
2) HSBC AMC
3) UTI AMC
4) Only B&C
5) All of the above


7. Cash Reserve Ratio is maintained as a percentage of which of the following measures?
1) Adjusted Net Bank Credit
2) Off-Balance Sheet Exposure
3) Net Capital Reserve
4) Net Demand and Time Liability
5) Depository Liquidity Proportion


8. Which of the following statements in context of Treasury Bills is not correct?
1) They are issued by RBI
2) They have a maximum maturity of a 365 days
3) They are issued when the government need money for a shorter period
4) They are zero coupon securities and pay no interest
5) None of the above


9. As per the RBI guidelines, which among the following categories of loans could NOT be priced without reference to Base Rate?
1) DRI advances
2) Loans to retired bank employees
3) Education Loan
4) Loans to banks’ depositors against the collateral property
5) Both (a) and (d)
correct option : 3

10. National Securities Depository Limited was established in which year?
1) 1990
2) 1994
3) 1992
4) 1996
5) 1998

Banking Awareness MCQs Part 19

1. Recently, which bank has introduced the repo-linked lending rate for a home loan and vehicle loan?
1) UCO Bank
2) Corporation Bank
3) Bank of Baroda
4) Union Bank of India
5) Andhra Bank


2. Special Drawing Rights refer to an international type of monetary reserve currency created by _______.
1) RBI
2) IMF
3) WEF
4) UN
5) BCBS


3. Net National Product of an economy is the Gross National Product after deducting the loss due to _______
1) NPA
2) Depreciation
3) Deflation
4) Inflation
5) Reflation


4. Bandhan Bank has launched a co-branded credit card with ______ to offer complete services to its existing customers.
1) Deutsche Bank
2) ICICI Bank
3) Bank of America
4) DBS Bank
5) Standard Chartered Bank


5. ASBA is a supplementary process for applying to public issues. In ASBA, ‘B’ denotes-
1) Bill
2) Blocked
3) Bridge
4) Basel
5) Bank


6. A government panel headed by Akhilesh Ranjan has recommended cutting the corporate tax rate to _____ for all companies.
1) 25%
2) 30%
3) 15%
4) 20%
5) 35%


7. Which among the following is a condition of slow economic growth and relatively high unemployment?
1) Hyper Inflation
2) Bottleneck Inflation
3) Core inflation
4) Reflation
5) Stagflation


8. National Housing Board will provide an additional liquidity support of ______ to HFCs.
1) 10000 Crore
2) 15000 Crore
3) 20000 Crore
4) 25000 Crore
5) 30000 Crore


9.Which of the following is the tagline of Lakshmi Vilas Bank?
1) Where Every Individual is Committed
2) Where Service is a way of Life
3) Honours Your Trust
4) The Changing Face of Prosperity
5) Smart way to Bank


10. Mumbai is the Headquarters of which of the following Banks?
1) Federal Bank
2) Syndicate Bank
3) RBL Bank
4) Punjab National Bank
5) Oriental Bank of Commerce

Banking Awareness MCQs Part 20 

1. CAMELS is a rating system is a recognized international rating system. In CAMELS, ‘M’ denotes-
1) Machine
2) Monitor
3) Management
4) Money
5) Markets


2. Which among the following is one of the trigger points of Prompt Corrective Action?
1) Cash Reserve Ratio
2) Non-Performing Assets
3) Liquidity ratio
4) Current ratio
5) All are true


3. What is the minimum maturity period of the loan under the Liberalised Remittance Scheme?
1) 2 years
2) 5 years
3) 6 months
4) 1 year
5) 18 months


 4. _______ is a technology used to verify the legitimacy or originality of paper documents, especially Cheques.
1) MMID
2) MICR
3) IFSC
4) SWIFT
5) BIC


5. Monetary authorities of which of the following countries are members of the Asian Clearing Union (ACU)?
1. India
2. Iran
3. Singapore
4. Malaysia
Select the answer from the given code:
1) 1 & 3 only
2) 1, 3 & 4 only
3) 3 & 4 only
4) 2 & 4 only
5) 1 & 2 only


6. ______has partnered with SAP Ariba for financial supply chain solutions.
1) HSBC Bank
2) Deutsche Bank
3) Bank of Scotland
4) Standard Chartered Bank
5) Development Band of Singapore Bank


7. Which of the following authorities has power to regulate Infrastructure Debt Funds?
1) SEBI
2) RBI
3) Both A & B
4) Ministry of Finance
5) All of the above


8. ______ are held by a third-party bank, other than both banks who are doing the transactions.
1) Loro Accounts
2) VOSTRO Accounts
3) NOSTRO Accounts
4) NRI Accounts
5) NRE Accounts


9. _______ is an online address unique to each customer which can be used instead of providing bank account every time.
1) IFSC
2) MMID
3) VPA
4) UPI
5) OTP


10. Which among the following services cannot be provided through Micro ATMs?
1) Balance Enquiry
2) Funds Transfer
3) Cash Withdrawal
4) Lending Loans
5) Cash Deposit

Banking Awareness MCQs Part 17

1.Which of the following Committee recommended for setting up of National Bank for Agriculture and Rural Development?

1) B Sivaraman

2) Narasimhan II

3) Vinod Singh Shekhawat

4) S Nagalingam

5) Balwant Rai Mehta

2.Which of the following is the rate charged by the central bank for lending funds to a commercial bank?

1) Term rate

2) Bank rate

3) Note rate

4) Supply rate

5) Commercial rate

3. RBI launched an ombudsman scheme for digital payment under _________ section of the Payment and Settlement Systems Act, 2007.

1) Section 18

2) Section 23

3) Section 42

4) Section 14

5) Section 7

4. FRA is a contract between parties that determines the rate of interest to be paid. In FRA, ‘F’ denotes ______.

1) Financial

2) Foreign

3) Fiscal

4) Forward

5) Facility

5. What is the motif of ? 20 notes?

1) Hill Forts of Rajasthan

2) Red Fort

3) Ellora Cave

4) Bodh Gaya

5) Ajanta Cave

6. APA gives certainty to taxpayers, reduce disputes and enhances tax revenues. What does ‘P’ denote in ‘APA’?

1) Personal

2) Pricing

3) Payment

4) Public

5) Preference

7. ‘Where Service is a way of Life’ is the tagline of which of the following banks?

1) Corporation Bank

2) UCO Bank

3) Union Bank of India

4) Punjab & Sind Bank

5) Punjab National Bank

8. Small Industries Development Bank of India is headquartered in _____.

1) Hyderabad

2) Lucknow

3) Mumbai

4) Pune

5) New Delhi

9. SBI Life Insurance and ______ have inked a bancassurance pact to offer holistic financial planning solutions.

1) Indian Overseas Bank

2) Corporation Bank

3) Andhra Bank

4) Indian Bank

5) Karur Vysysa Bank

10. RBI has announced the plans for round-the-clock availability of ______ system from December 2019.

1) RTGS

2) NEFT

3) SWIFT

4) CTS

5) None of the above

Banking Awareness MCQs Part 16

1. Financial Stability and Development Council (FSCD) is chaired by _____.

1) RBI Governor

2) Financial Secretary

3) Finance Minister

4) Prime Minister

5) Commerce and Industry Minister

2. In banking, the lump sum paid at the end of a loan's term that is significantly larger than all of the payments made before it is called as ______.

1) Rubber Band Payment

2) Zap Payment

3) Balloon Payment

4) Escalator Payment

5) Cookie Payment

3. The maximum maturity age of LIC Jeevan Anand policy is ______.

1) 25 years

2) 35 years

3) 50 years

4) 75 years

5) 100 years

4. What is the meaning of R in TReDS?

1) Render

2) Rate

3) Return

4) Receivables

5) Revenue

5. Which of the following Public sector banks has signed agreement with Cholamandalam MS General Insurance?

1) UCO Bank

2) SBI

3) BOB

4) Union Bank of India

5) Indian Bank

6. HDFC Life Insurance included in MSCI index. 'C' in MSCI stands for_____.

1) Control

2) Care

3) Capital

4) Charge

5) Council

7. Recently, RBI has slapped monetary penalty aggregating _________ on 11 banks for non-compliance with certain provisions of its directions on frauds classification.

1) Rs.8.50 cr

2) Rs.10.50 cr

3) Rs.11.50 cr

4) Rs.5.50 cr

5) Rs. 6.50 cr

8. Special Non-Resident Rupee Account can be operated for a maximum period of ________ years.

1) 10

2) 5

3) 9

4) 7

5) 3

9. PNB Housing recently raised $75 million in ECB from which of the following banks?

1) JPMorgan Chase & Co. (JPM)

2) HSBC Holdings

3) None of these

4) Sumitomo Mitsui Bank

5) Mitsubishi UFJ Financial Group

10.What is the minimum Capital Adequacy ratio to be maintained by small finance banks in India?

1) 10%

2) 12%

3) 15%

4) 20%

5) 12.5%

English Vocabulary Set 05

21.Choose the word which best expresses the meaning of Rendered ?

A) faraway                  B) generate                C) conclude                D) detached   E) None of these

22.Choose the word which best expresses the meaning of Evocative ?

A)  remind                  B)  reunion                 C)  revenge     D) regret         E) None of these

23.Choose the word which best expresses the meaning of Reverberate ?

A) Provoke                 B) grudge                   C) resound                 D) sound        E) None of these

24.Choose the word which best expresses the meaning of Culmination ?

A) adept                     B) courage      C) completion                        D) anticlimax             E) None of these

25.Choose the word which best expresses the meaning of Frivolous ?

A) possessive             B) strict                      C) serious       D) less serious                       E) None of these

Answers & Explanations: 

21.Answer – B)  Explanation: endered – generate,

22.Answer – A)  Explanation: evocatively – remind,

23.Answer – C) Explanation: reverberate – resound, 

24.Answer –C) Explanation: culmination – completion 

25.Answer – D) Explanation: frivolous – less serious,

 Banking Awareness MCQs Part 15

1. The size of an Indian Depository Receipts issue shall not be less than _______.

1) Rs. 5 Crore

2) Rs. 20 Crore

3) Rs. 50 Crore

4) Rs. 10 Crore

5) Rs. 25 Crore

2. ‘Relationships beyond Banking’ is the tagline of which among the following banks?

1) Syndicate Bank

2) Indian Overseas Bank

3) Canara Bank

4) Bank of India

5) Andhra Bank

3.What is the minimum prescribed maturity period of Commercial Paper?

1) 30 days

2) 7 days

3) 91 days

4) 182 days

5) 364 days

4. In which year, National Financial Switch was taken over by National Payment National Payments Corporation of India from IDRBT?

1) 2004

2) 2007

3) 2009

4) 2010

5) 2000

5. Which of the following is issued by a bank that guarantees the buyer’s payment to sellers would be received on time with the correct amount?

1) Commercial Paper

2) Dated Securities

3) Bill of Exchange

4) Promissory Notes

5) Letter of Credit

6. Which among the following is not true about Payment Banks?

1) Payment Banks can accept deposits up to Rs. 1 lakh per individual

2) Payment Banks can lend any money to the general public

3) The minimum paid-up equity capital for Payment Banks is ? 100 Crore

4) Payments Banks can offer forex services

5) All the above are true.

7. FCNR(B) Account can be held in the form of a term deposit. What is the maximum term limit for those accounts?

1) 15 years

2) 12 years

3) 10 years

4) 5 years

5) 3 years

8. The Gross National Product after deducting the losses due to depreciation is known as _____.

1) Net Value Added

2) Gross Value Added

3) Gross Domestic Product

4) Net Domestic Product

5) Net National Product

9. Recurring Deposit Account has a maximum deposit period of________ years.

1) 2

2) 6

3) 8

4) 10

5) 12

10. India’s first listed exchange ‘Multi Commodity Exchange of India Limited (MCX)’ offers trading in which of the following?

1) Gold

2) Silver

3) Copper

4) Zinc

5) All of the above

Banking Awareness MCQs Part 14

1. Which of the following accounts can be held in the form of current account only?

1) EEFC Account

2) RFC Account

3) NRE Account

4) NRO Account

5) FCNR (B) Account

2. QIP is a process which was introduced by SEBI so as to enable the listed companies to raise finance. What is ‘P’ in QIP?

1) Procurement

2) Penalty

3) Public

4) Placements

5) Party

3. In the estimated spending of Union Budget, which of the following has the maximum share?

1) Interest Payments

2) Centrally Sponsored Schemes

3) Subsidy

4) Rural Development

5) Defence

4. As per the latest report by the World Gold Council (WGC), India holds world’s _______ largest Gold reserve in the world.

1) 2nd

2) 5th

3) 7th

4) 11th

5) 14th

5.What is the maximum investment limit of Senior Citizen Savings Scheme?

1) Rs. 20 Lakh

2) Rs. 10 Lakh

3) Rs. 25 Lakh

4) Rs. 15 Lakh

5) Rs. 30 Lakh

6. In Bank Led Resolution Approach, the financial institutions should enter into an inter-creditor agreement to authorize the lead bank to implement a resolution plan in __________ days.

1) 90 days

2) 180 days

3) 300 days

4) 30 days

5) 60 days

7.What is the maximum limit of Foreign Direct Investment in Private banks under the automatic route?

1) 100%

2) 74%

3) 26%

4) 49%

5) 20%

8. Which among the following is used to estimate the insurance risks and the premium of the policy?

1) Endorsement

2) Appraisal

3) Underwriting

4) Precertification

5) Waiving

9. AU Small Finance Bank is headquartered in ______

1) Chennai, Tamil Nadu

2) Jaipur, Rajasthan

3) Thrissur, Kerala

4) Bengaluru, Karnataka

5) Varanasi, Uttar Pradesh

10. In the context of MUDRA Banks, which of the following statements is correct?

1) It is a wholly-owned subsidiary of SIDBI

2) It lends directly to the micro-entrepreneurs/individuals

3) It has a paid-up capital of Rs 750 crore

4) Only 1 & 3

5) All of the above