Banking Awareness MCQs Part 14

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