Banking Awareness MCQs Part 27

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