UPSC,PCS,CDS,NDA%20/Banking%20Awareness%20MCQs%20Part1 Sample Test,Sample questions

Question:
HFC stands for which of the following?

1. Housing Finance Company

2.Housing Finance Corporation

3.Housing Federation of Commerce

4.None of The Above

Posted Date:-2021-02-21 13:51:10


Question:
How many Aadhaar Enrolment and Update Centres in total are there in India?

1.17000

2.13000

3.11000

4.60000

Posted Date:-2021-02-21 13:51:10


Question:
How many banks were Nationalised in 1969 under the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969?

1. 15

2.14

3.13

4.11

Posted Date:-2021-02-21 13:51:10


Question:
In which year Reserve Bank of India introduced cheque truncation system?

1.2008

2.2009

3.2010

4.2011

Posted Date:-2021-02-21 13:51:10


Question:
In which year the Royal Commission on Indian Currency and Finance recommended the creation of a central bank for India?

1.1926

2.1927

3.1928

4.1929

Posted Date:-2021-02-21 13:51:10


Question:
The Vedic word Kusidin refers to _?

1.A banker

2.An usurer

3.A farmer

4.A trader

Posted Date:-2021-02-21 13:51:10


Question:
Liberalized Exchange Rate Management System (LERMS) is effective from which of the following dates?

1.June 1,1993

2.March1,1993

3.April1,1993

4.July 1,1993

Posted Date:-2021-02-21 13:51:10


Question:
The need for Venture Capital Financing was highlighted by which of the following committee in India?

1. Bhatt Committee

2. Gadgil Committee

3.Urjit Patel Committee

4. None of the Above

Posted Date:-2021-02-21 13:51:10


Question:
Till when the RBI served as the central bank of Pakistan?

1.12:00:00 AM

2.12:00:00 AM

3.12:00:00 AM

4.12:00:00 AM

Posted Date:-2021-02-21 13:51:10


Question:
What is meant by KYC?

1.Keep your Customer

2.Know your Credit

3.Keep your Credit

4.Know your Customer

Posted Date:-2021-02-21 13:51:10


Question:
What is meant by Open Market Operations?

1.Purchase and sale of the Government Securities by RBI

2.Rationing of the credit allocated by commercial banks by RBI

3.Request by the RBI to the commercial banks to take certain measures

4.None of the above

Posted Date:-2021-02-21 13:51:10


Question:
What is Section 7 of the RBI Act 1934?

1. It allows RBI to buy and sell Foreign currency

2.It empowers the government to issue directions to the RBI

3. It allows the RBI to appoint its own staff

4.None

Posted Date:-2021-02-21 13:51:10


Question:
What is the banking known as when a group of persons come together to own and control three or more independently chartered banks?

1.Chain banking

2. Unit banking

3.Merchant banking

4.None of the above

Posted Date:-2021-02-21 13:51:10


Question:
What is the banking, where all banking operations are online, known as?

1. Virtual Banking

2.Retail Banking

3.Mixed Banking

4.Social Banking

Posted Date:-2021-02-21 13:51:10


Question:
What is the full form of CRISIL?

1.Credit Rating Information Services of India Limited

2. Credit Rating Investment Services of India Limited

3.Credit Rating Indian Services for Investment and Liability

4.Credit Rating Insight Services of India Limited

Posted Date:-2021-02-21 13:51:10


Question:
What is the full form of MDER?

1.Market Determined Exchange Rate

2.Market Derivative Exchange Rate

3.Market Determined Exchange Regime

4.Managed Determined Exchange Rate

Posted Date:-2021-02-21 13:51:10


Question:
What is the full form of NAV?

1.Net Assessment Value

2.National Asset Value

3.Net Asset Value

4.National Asset Variation

Posted Date:-2021-02-21 13:51:10


Question:
What was the initial share capital of Reserve Bank of India?

1.Rs. 5 Crore

2.Rs. 10 Crore

3.Rs. 15 Crore

4.Rs. 20 Crore

Posted Date:-2021-02-21 13:51:10


Question:
What was the target set by Narasimham-II Committee for the capital adequacy ratio of the banks by the year 2000?

1.8%

2.9%

3. 10%

4.11%

Posted Date:-2021-02-21 13:51:10


Question:
When was National Investment and Infrastructure Fund created?

1.2011

2.2015

3.2012

4.2014

Posted Date:-2021-02-21 13:51:10


Question:
When was the Banking correspondent scheme launched by RBI?

1.2002

2.2005

3.2001

4.2006

Posted Date:-2021-02-21 13:51:10


Question:
When was the Banking Ombudsman scheme first introduced in India?

1.1995

2. 1998

3. 1999

4. 2001

Posted Date:-2021-02-21 13:51:10


Question:
When was the decimalization of the coinage done in India?

1.1957

2.1955

3.1947

4.1935

Posted Date:-2021-02-21 13:51:10


Question:
When were the Local Area Banks were set up first in India?

1.1994

2.1995

3.1996

4.1998

Posted Date:-2021-02-21 13:51:10


Question:
Where was the first society under Cooperative Societies Act 1904 registered in India?

1. Madurai

2.Kanjipoorum

3.Gaya

4.Panaji

Posted Date:-2021-02-21 13:51:10


Question:
Which is the 3rd largest foreign bank of India in terms of branches?

1.HSBC

2.Citi

3.Standard Chartered

4.Royal bank of Scotland

Posted Date:-2021-02-21 13:51:10


Question:
Which is the smallest Local Area Bank in India?

1. Subhadra Local Area Bank Ltd

2.Coastal Local Area Bank Ltd

3. Capital Local Area Bank Ltd

4.Krishna Bhima Samruddhi Local Area Bank Ltd

Posted Date:-2021-02-21 13:51:10


Question:
Which nationalised bank sponsored the Prathama Bank?

1. Syndicate bank

2.Punjab National Bank

3.State Bank of India

4.Allahabad Bank

Posted Date:-2021-02-21 13:51:10


Question:
Which of the following activities can be undertaken by a Business Correspondent?

1. Selling mutual fund products

2.Selling Pension products

3.Extending small credit on behalf of the banks

4.All of the above

Posted Date:-2021-02-21 13:51:10


Question:
Which of the following acts regulates the underwriting process in India?

1.RBI Act 1934

2.Securities and Exchanges Board of India (Underwriters) Regulations, 1993.

3. Securities and Exchange Board of India (Underwriters) (Amendment) Regulations, 2006

4.Both b and c

Posted Date:-2021-02-21 13:51:10


Question:
Which of the following are among the Credit Bureaus present in India?

1.Equifax

2.CRIF Highmark

3. Credit Information Bureau India Limited

4.All of the above

Posted Date:-2021-02-21 13:51:10


Question:
Which of the following correctly define the Foreign Exchange (Forex) Market?

1.It is a market where only Foreign currency is used.

2.It is a market where foreign currencies are bought and sold simultaneously.

3.It is a physical market where only foreigners are allowed.

4.None of the Above

Posted Date:-2021-02-21 13:51:10


Question:
Which of the following entities are not covered under the Banking Regulation Act 1949?

1.Public Sector banks

2.Cooperative Banks

3.Primary Agricultural Credit Society

4.All of the above

Posted Date:-2021-02-21 13:51:10


Question:
Which of the following funds is basically an index fund which trades like a closed-end fund?

1.Open-end fund

2.Money market fund

3. Mutual fund

4. Exchange-traded fund

Posted Date:-2021-02-21 13:51:10


Question:
Which of the following is India’s first Credit Information Company?

1.CRISIL

2.SMERA

3.ICRA

4.CIBIL

Posted Date:-2021-02-21 13:51:10


Question:
Which of the following organizations is the Mutual Fund market regulator in India?

1.SEBI

2.RBI

3. ICICI

4.CIBIL

Posted Date:-2021-02-21 13:51:10


Question:
Which of these accounts can be opened in a Payment Bank?

1.Savings Account

2.Current Account

3. Both a and b

4. None

Posted Date:-2021-02-21 13:51:10


Question:
Which of these entities surrendered their Payments Bank license?

1.Cholamandalam Distribution Services

2.Sun Pharmaceuticals

3.Tech Mahindra

4. All of the above

Posted Date:-2021-02-21 13:51:10


Question:
Which of these entities surrendered their Payments Bank license?

1.Cholamandalam Distribution Services

2.Sun Pharmaceuticals

3.Tech Mahindra

4. All of the above

Posted Date:-2021-02-21 13:51:10


Question:
Which of these facilities is given by RBI to the banks for inter-bank transactions?

1. RTGS

2.SWIFT

3.M-PESA

4.All of the above

Posted Date:-2021-02-21 13:51:10


Question:
Which section of RBI Act states that the RBI has the exclusive rights to issue currency notes in India?

1. 17

2.19

3. 21

4.22

Posted Date:-2021-02-21 13:51:10


Question:
Which section of RBI is not correctly matched?

1.Section 26 – describes the legal tender character of Indian bank notes.

2.Section 18 – manner in which RBI can conduct business

3. Both a and b

4.None

Posted Date:-2021-02-21 13:51:10


Question:
Which type of Fund is required to be listed on Stock Exchange?

1.Debit Fund

2.Liquid Fund

3.Close Ended Funds

4.Sector Funds

Posted Date:-2021-02-21 13:51:10


Question:
Who is the CEO of the CRISIL?

1.Ashu Suyash

2.Rajesh Mokashi

3. Naresh Takkar

4. Varun Mirchandani

Posted Date:-2021-02-21 13:51:10


Question:
Who was the head of review committee on underwriting rules and regulation ?

1.Shri Vallabh Bhansali

2.C. Rangarajan

3.Urjit Patel

4.Nandan Nilekani

Posted Date:-2021-02-21 13:51:10


Question:
Why do banks borrow money in the call money market?

1.To meet sudden demand for funds arising out of large outflows

2.To fill the temporary mismatches in funds

3.To meet the Statutory reserve requirements

4. All of the above

Posted Date:-2021-02-21 13:51:10


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