Most expected banking awareness mcqs

Most expected banking awareness mcqs

Q1:- Which of the following are the characteristic of a Mortage loan?
  1. It is secured against , immovable or fixed property
  2. It is a long- term loan in nature
  3. It is repaid in small monthly installments along with interest
  4. All of the  above
Ans:- All of the  above

Q2:- National Housing Bank is wholly owned by which of the followiing institutions ?
  1. RBI
  2. SBI
  3. BOI
  4. None of the above
Ans:- RBI

Q3:- Which of thefollowing company started the first factoring business in India ?
  1. SBI Factors and Commercial Limited
  2. Canbank Factors Limited
  3. IFCI Factors Limited
  4. None of the above
Ans:- SBI Factors and Commercial Limited

Q4:- When was the Factoring Regulation Act passed in india ?
  1. 2011
  2. 2000
  3. 2001
  4. 1989
Ans:- 2011

Q5:- A corporate Loan has which of the following features?
  1. Specified Repayment Schedule
  2. Fixed Interest Rate
  3. Specific Time & Amount
  4. All of the above
Ans:- All of the above

Q6:- What is the time period for an intermediate term Corporate loan?
  1. 3 years
  2. 4 years
  3. 9 years
  4. 7 years
Ans:- 3 years

Q7:- Which of the following clearly defines Price Checking ?
  1. A supervisor checks your knowledge of rental rates
  2. A prospectus calls on the phone and ask for your rental rates.
  3. Both 1 & 2
  4. 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 ?
  1. Rs 5 lakhs
  2. Rs 1 crore
  3. Rs 4 crore
  4. Rs 10 lakhs
Ans:- Rs 5 lakhs

Q9:- Who was the prime minister of india when Banking Nationalization was done in 1969?
  1. Indira Gandhi
  2. Rajiv Gandhi
  3. Jawahar Lal Nehru
  4. None of the above
Ans:- Indira Gandhi

Q10:- Which of these banks was not associated with the state bank of india in 1959?
  1. State Bank of Hyderabad
  2. State Bank of Mysore
  3. State Bank of Patna
  4. State Bank of Indore
Ans:- State Bank of Patna


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