Banking Awareness MCQs for Banking exams,IBPS, SBI PO & Clerk

Banking Awareness Quiz,MCQs

Q1:-  Who is the current head of central registry of Securities Asset Reconstruction and security Interest (CERSAI) ?
  1. Praveen Kumar Sharma
  2. Naveen Kumar Sharma
  3. Laxmi Niwas Mittal
  4. Nandan Nilekani

Ans:- Praveen Kumar Sharma

CERSAI is a central online security interest Registry of India.It changed into in general created to check frauds in lending in opposition to equitable mortgages , in which human beings would take multiple loans on the identical asset from exclusive banks. It was founded on March 11, 2011 and is headed by Praveen Kumar Sharma.

Q2:- SMERA has been registered under which of the following Acts?
  1. Reserve Bank of India Act, 1934
  2. Banking Regulation Act,1934
  3. Securities and Exchange Board of India (credit Rating Agencies)Regulations,1999
  4. None of the above

Ans:-Securities and Exchange Board of India (credit Rating Agencies)Regulations,1999

SMERA has been registered under securities and Exchange Board of India(Credit Rating Agencies) Regulation,1999. SMERA is registered with the Securities and Exchange Board of India (SEBI) as 6th Credit Rating Agency in India.

Q3:- Which of the following rating agencies is best suited for MSME Ratings?
  1. SMERA
  2. ICRA
  4. CIBIL

SMERA is the country’s first rating agency that focuses primarily on the Indian MSME segment.SMERA a joint initiative by SIDBI , DUN & BRAD Street Information Services India Private Limited(D&B) & several leading banks in the country.

Q4:- The first introduction of Mutual Funds in India occurred in which of the following years?
  1. 1964
  2. 1999
  3. 1963
  4. 1987
Ans:- 1963

Q5:- Which of the following best define an open-funded mutual fund?
  1. It has an option to invest in any kind of security.
  2. It has units available for sale and repurchase at all times.
  3. It has fixed fund size
  4. None of the above

Ans:- It has units available for sale and repurchase at all times.

Open -end funds is a fund that can issue and redeem shares at any time. Any investor purchases shares in this fund directly from the fund itself,rather than from the existing share holder.

Q6:- Which of the following mutual funds solely invests in stocks?
  1. Bond fund
  2. Equity Fund
  3. Money Market Mutual Fund
  4. None of the above

Ans:- Equity Fund

An equity fund invests 60% or more of its assets Primarily in Equity shares of companies.An equity investment refers to buying and holding of shares of stock on a stock market by individual and firms.

Q7:- Which of the following Fund is basically an index fund  which trades like a closed-end fund?
  1. Open-end Fund
  2. Exchange-traded Fund
  3. Mutual Fund
  4. None of the above
Ans:- Exchange-traded Fund

Q8:- The Mutual fund is constituted under the provision of which of the following acts?
  1. Indian Trusts Act,1882
  2. The Securities and Exchange Board of India Act,1992
  3. RBI Act,1934
  4. None of the above
Ans:- Indian Trusts Act,1882

Q9:- Which of the Fund is required to be listed on Stock Exchange?
  1. Debit Fund
  2. Close Ended Fund
  3. Sector Funds
  4. Liquid Fund
Ans:- Close Ended Funds

A close Ended Fund is organized as a publicly traded investment company by the Securities and Exchange commission.Like a mutual fund , a closed-end fund is a pooled investment fund and raises a fixed amount of capital through an Initial Public Offering(IPO). The fund is then dependent listed and traded like a stock on a stock exchange.

Q10:- Who issues Mutual Funds?
  1. Assets Management Companies
  2. RBI
  3. State Government
  4. SEBI

Ans:- Assets Management Companies


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