Banking Awareness MCQs Part 20

Banking Awareness MCQs Part 20 

 

1. CAMELS is a rating system is a recognized international rating system. In CAMELS, ‘M’ denotes-
1) Machine
2) Monitor
3) Management
4) Money
5) Markets


2. Which among the following is one of the trigger points of Prompt Corrective Action?
1) Cash Reserve Ratio
2) Non-Performing Assets
3) Liquidity ratio
4) Current ratio
5) All are true


3. What is the minimum maturity period of the loan under the Liberalised Remittance Scheme?
1) 2 years
2) 5 years
3) 6 months
4) 1 year
5) 18 months


 4. _______ is a technology used to verify the legitimacy or originality of paper documents, especially Cheques.
1) MMID
2) MICR
3) IFSC
4) SWIFT
5) BIC


5. Monetary authorities of which of the following countries are members of the Asian Clearing Union (ACU)?
1. India
2. Iran
3. Singapore
4. Malaysia
Select the answer from the given code:
1) 1 & 3 only
2) 1, 3 & 4 only
3) 3 & 4 only
4) 2 & 4 only
5) 1 & 2 only


6. ______has partnered with SAP Ariba for financial supply chain solutions.
1) HSBC Bank
2) Deutsche Bank
3) Bank of Scotland
4) Standard Chartered Bank
5) Development Band of Singapore Bank


7. Which of the following authorities has power to regulate Infrastructure Debt Funds?
1) SEBI
2) RBI
3) Both A & B
4) Ministry of Finance
5) All of the above


8. ______ are held by a third-party bank, other than both banks who are doing the transactions.
1) Loro Accounts
2) VOSTRO Accounts
3) NOSTRO Accounts
4) NRI Accounts
5) NRE Accounts


9. _______ is an online address unique to each customer which can be used instead of providing bank account every time.
1) IFSC
2) MMID
3) VPA
4) UPI
5) OTP


10. Which among the following services cannot be provided through Micro ATMs?
1) Balance Enquiry
2) Funds Transfer
3) Cash Withdrawal
4) Lending Loans
5) Cash Deposit