Banking Awareness MCQs Part 29

Banking Awareness MCQs Part 29 

 

1. What is the lock-in period of funds involved in Equity-linked Savings Scheme?
1) No Lock-in Period
2) 2 Years
3) 6 Months
4) 12 Months
5) 3 Years


2. _________by IDBI Bank is a first of its kind Mobile Money payment solution.
1) PayBid
2) PayId
3) Bipay
4) IDBIMob
5) PayApt


3. Who appoints the Chairman of Finance Commission?
1) Prime Minister
2) Union Finance Minister
3) Governor, RBI
4) President of India
5) Chairman, NITI Aayog


4. RBI has increased the bank credit to NBFCs for on-lending to MSEs under Priority Sector Lending up to a limit of______ percentage of bank’s total PSL.
1) 4%
2) 4.5%
3) 5%
4) 5.5%
5) 6%


5. The headquarters of National Payments Corporation of India (NPCI) is situated in _________.
1) New Delhi
2) Kolkata
3) Lucknow
4) Mumbai
5) None of the above


6. SARFAESI Act was enacted to identify and rectify the problem of NPAs. ‘R’ in SARFAESI stands for________.
1) Returns
2) Recovery
3) Reconstruction
4) Reduced
5) Repaying


7. While exchanging the soiled notes, a person can be presented the maximum of ____ pieces with a maximum value of _____ per day respectively.
1) 10,  1000
2) 20, 2500
3) 20, 5000
4) 25, 2500
5) 25, 5000


8. The fund that can be invested exclusively in government securities is known as _______.
1) Index Fund
2) Gilt Fund
3) Specific Fund
4) Liquid Fund
5) None of the above


9. Aditya Birla Health Insurance has entered into a bancassurance partnership with which among the following banks?
1) Andhra Bank
2) ICICI Bank
3) HDFC Bank
4) Axis Bank
5) Bandhan Bank


10. Recently, the Confederation of Indian Industry unveiled FPI to assess the quality of Budgets. In FPI, ‘P’ denotes ______.
1) Pricing
2) Performance
3) Product
4) Producing
5) Planning