Banking Awareness MCQs Part 15

 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