Banking Awareness MCQs for Banking exams
Banking Awareness Quiz
Q1:- Which of these banks is regulated by Reserve Bank of India?
- Local Area banks
- Cooperative Banks
- Commercial Banks
- All of the above
Ans:- All of the above
Q2:- Which of the following comes under Statutory Pre-emptions?
- Cash Reserve ratio
- Statutory Liquidity Ratio
- Both 1 & 2
- None of the above
Ans:- Both 1 & 2
Q3:- Which of these is not a Para banking activity ?
- Insurance Business
- Cash Withdrawal
- Asset Management
- None of the above
Ans:- Cash Withdrawal
Q4:- When was the Public Debt Act Passed ?
- 1935
- 1947
- 1944
- 1940
Ans:- 1944
Q5:- What do we call the facility given to a current account holder of withdrawal of more amount than his deposit ?
- Overdraft
- EMI
- Sweep-in Facility
- Recurring deposit
Ans:- Overdraft
Q6:- What is a Doubtful Asset?
- Sub-standard asset for a period of 12 months
- Sub-Standard asset for a period of 3 months
- Sub-Standard asset for a period of 6 months
- None of the above
Ans:- Sub-Standard asset for a period of 12 months
Q7:- When was the SARFAESI Act enacted ?
- 2004
- 2006
- 1999
- 2002
Ans:- 2002
Q8:- What is the primary aim of enacting the SARFAESI Act ?
- Recovering Loans
- Increasing Deposits
- Transparent appointment of Directors
- Reducing Corruptions and Scams
Ans:- Recovering Loans
Q9:- What does C in BBPCU stands for?
- Central
- Console
- Collection
- None of the above
Ans:- Central
Q10:- Which organisation functions as the authorized Bahrat Bill Payment Central Unit?
- State Bank of India
- NPCI
- ICICI Bank
- Reserve Bank of India
Ans:- NPCI