Banking Awareness MCQs Part 25

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