Most expected banking awareness mcqs
Most expected banking awareness mcqs
Q1:- Which of the following are the characteristic of a Mortage loan?
- It is secured against , immovable or fixed property
- It is a long- term loan in nature
- It is repaid in small monthly installments along with interest
- All of the above
Ans:- All of the above
Q2:- National Housing Bank is wholly owned by which of the followiing institutions ?
- RBI
- SBI
- BOI
- None of the above
Ans:- RBI
Q3:- Which of thefollowing company started the first factoring business in India ?
- SBI Factors and Commercial Limited
- Canbank Factors Limited
- IFCI Factors Limited
- None of the above
Ans:- SBI Factors and Commercial Limited
Q4:- When was the Factoring Regulation Act passed in india ?
- 2011
- 2000
- 2001
- 1989
Ans:- 2011
Q5:- A corporate Loan has which of the following features?
- Specified Repayment Schedule
- Fixed Interest Rate
- Specific Time & Amount
- All of the above
Ans:- All of the above
Q6:- What is the time period for an intermediate term Corporate loan?
- 3 years
- 4 years
- 9 years
- 7 years
Ans:- 3 years
Q7:- Which of the following clearly defines Price Checking ?
- A supervisor checks your knowledge of rental rates
- A prospectus calls on the phone and ask for your rental rates.
- Both 1 & 2
- None of the above
Ans:-A prospectus calls on the phone and ask for your rental rates.
Q8:- What should be the paid up capital of the bank to be a Scheduled Commercial Bank as per the RBI Act 1934 ?
- Rs 5 lakhs
- Rs 1 crore
- Rs 4 crore
- Rs 10 lakhs
Ans:- Rs 5 lakhs
Q9:- Who was the prime minister of india when Banking Nationalization was done in 1969?
- Indira Gandhi
- Rajiv Gandhi
- Jawahar Lal Nehru
- None of the above
Ans:- Indira Gandhi
Q10:- Which of these banks was not associated with the state bank of india in 1959?
- State Bank of Hyderabad
- State Bank of Mysore
- State Bank of Patna
- State Bank of Indore
Ans:- State Bank of Patna
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