Most expected Banking awareness MCQS
Most expected Banking awareness mcq
Q1:- Which among the following is the world’s largest foreign exchange market?
- New York
- London
- Tokyo
- Moscow
Ans:- London
Q2:- In which year the first bank ” Bank of Hindustan” was established?
- 1980
- 1880
- 1770
- 1870
Ans:- 1770
Q3:- Which of the following bank to be wholly owned and run by Indians?
- Central Bank of India
- Allahabad Bank
- Bank of India
- ICICI Bank
Ans:- Central Bank of India
Q4:- The Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016 was recently given legal backing by Supreme Court. This act was passed in Lok Sabha as a ______:
- Money Bill
- Ordinary Bill
- Financial Bill
- None of the above
Ans:- Money Bill
Q5:- Which of the following is the first Aadhaar gram in India?
- Bhaglapur
- Tembhli
- Akola
- None of the above
Ans:- Tembhli
Q6:- The PCR will collect data from which of the following entities?
- SEBI
- Goods & Services Network
- Insolvency and Bankrupcy Board of India
- All of the above
Ans:- All of the above
Q7:- Which of the following correctly define the Foreign Exchange (Forex) Market?
- It is a market where only foreign currency is used
- It is a physical Market where only foreigners are allowed
- It is a market where foreign currencies are bought and sold simultaneously.
- None of the above
Ans:- It is a market where foreign currencies are bought and sold simultaneously.
Q8:- Which of the best defines the exchange rate?
- It is the price at which one country’s currency is expressed in another country’s currency
- It is a price at which Foreign money is exchanged at counters
- All of the above
- None of the above
Ans:-It is the price at which one country’s currency is expressed in another country’s currency
Q9:- According to FERA, Foreign Exchange includes which of the following?
- Traveler’s cheque
- Letters of credit
- Bill of Exchange expressed or drawn in Indian currency
- All of the above
Ans:- All of the above
Q10:- In investing its Foreign Assets,RBI is guided by three principles. which of the following are those principles?
- Safety
- Liquidity
- Return
- All of the above
Ans:- All of the above
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