Banking Awareness MCQs Part 28

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