Most expected banking awareness mcqs

Most expected banking awareness quiz

Q1:- The Ombudsman scheme for Non-Banking Financial companies has introduced under which section of the Reserve Bank of India Act,1934?
  1. Section 46A
  2. Section 45L
  3. Section 48C
  4. Section 44A
Ans:- Section 45L

Q2:- An account of a bank holds with another bank in foreign country in the foreign currency is known as ______.
  1. NRO Account
  2. NOSTRO Account
  3. BOI Account
  4. None of the above
Ans:-NOSTRO Account

Q3:- What is the Full form of” EMI” frequently used term in banking operations?
  1. Equal Monthly Interest
  2. Equated Monthly Installment
  3. Equally Monthly Interest
  4. None of the above
Ans:- Equated Monthly Installment

Q4:- AU Small Finance Bank is headquartered in _______.
  1. Jaipur, Rajasthan
  2. Varanasi,Uttar Pradesh
  3. Mumbai, Maharshtra
  4. None of the above
Ans:-Jaipur, Rajasthan

Q5:- FCNR(B) Account can be held in the form of a term deposit. What is the maximum term limit for those accounts?
  1. 15 years
  2. 12 years
  3. 5 years
  4. 8 tears
Ans:- 5 years

  Q6:- Which of the following committee recommended for setting up of National Bank for Agriculture and Rural Development?
  1. Balwant Rai Mehta
  2. S Nagalingam
  3. B Sivarman
  4. None of the above
Ans:- Balwant Rai Mehta

Q7:- FRA is contract between parties that determines the rate of interest to be paid .In FRA,  ‘F’ denotes______.
  1. Financial
  2. Facility
  3. Forward
  4. None of the above
Ans:- Forward

Q8;- Which of the following is headquarted in Mumbai?
  1. RBL Bank
  2. Punjab National Bank
  3. Federal Bank
  4. None of the above
Ans:- RBL Bank

Q9:- Which of the following is headquarted in  Manipal ?
  1. Federal Bank
  2. RBL Bank
  3. Syndicate Bank
  4. None of above
Ans:- Syndicate Bank

Q10:- CAMELS is a rating system is a recognized international rating system . In CAMELS, ‘M’ denotes.
  1. Machine
  2. Management
  3. Money
  4. None of the above
Ans:- Management


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