Banking awareness mcqs for all competitive exams
banking mcqs quiz 
free banking awareness mcqs

1.Banking ombudsman may award compensation to the complainant for mental agony and harassment upto how much amount? :

Answer is A)
1 lakh

2. If the price rises by not ore than 3% per annum, what type of inflation it is?:

Answer is B)
creeping inflation

3. If the price rises by more than 20% and less than 1000% per annum, what type of inflation it is? :

Answer is B)
galloping inflation

4.If the cash Reserve Ratio (CRR) is lowered by the RBI , its impact on the credit creation will be to :

Answer is C)
Increase it

5. Who was the first Indian Governor of RBI?

Answer is B)
CD Deshmukh

6. Expand CRAR in terms of banking sector :

Answer is B)
Capital- to Risk Asset Ratio

7. Which of the following is NOT banking related terms? :

Answer is A)

8. Bad loans in banking terminology are generally known as :

Answer is C)

9. Which of the following organization is not associated with the financial banking sector in India?

Answer is C)

10. Which of the following terms is not used in the field of banking and finance?

Answer is B)

11. Which of the following is the name of the bank founded by the winner of the Nobel Peace Prize 2006 Mr.Muhammad Yunus:

Answer is C)
Grameen bank

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