Banking Awareness Objective MCQ Test for PSUBanks,IBPS Clerks,SBIPOs,RBI,IncomeTax,LIC Exams
RRB (Amendment) Bill 2014 has been passed in Lok Sabha to raise authorized capital of RRBs from Rs.5 crore to __
Rs.100 Cr.
Rs.200 Cr.
Rs.500 Cr.
Rs.1000 Cr.
Rs.2000 Cr.
The KYC requirement can be fulfilled through e-KYC only for those who have_
PAN Card
Voter Identity Card
Aadhaar Card
Passport
None of these
The Financial Year of RBI starts from?
1 st April
1st June
1st July
1st December
1st January
As per new KYC norms for NBFCs, which of the following regarding full KYC updating of individuals and entities is NOT correct?
High-risk customers-at least two years
Medium-risk customers-at least every 8 years
Low-risk customers-at least every ten years
BPL customers- KYC not required
None of the above
Providing various services relating to /Capital Market is called?
Retail Banking
Merchant Banking
Modern Banking
Narrow Banking
None of the above
Who all cannot open account with RBI?
Schedule Banks
Non-Schedule Banks
General Public
Union Govt of India
Both 1 & 2
The housing loans consist of __
for the construction of a house
repair (maintenance) and/or renewal of a house
clearance of slums and rehabilitation of disaster -stricken masses to temporary refuge shelters
1 & 2 only
All the above
Which bank announced to launch India’s ‘ First Green Infrastructure Bond worth Rs.500 crore?
SBI
Yes Bank
PNB
HDFC Bank
ICICI Bank
The bank accepting deposits, providing business loans and services is called __
Lending Bank
Commercial Bank
Business Bank
Investment Bank
None of these
On a review of the per’ transactions under the Rupee Di Arrangements (RDAs), RBI has d
Rs.15 lakh
Rs.20 lakh
Rs.30 lakh
Rs.25 lakh
None of these
National Payments Corporation o (NPCI) launched UPI systems providing a single payment in across all systems. UPI is __
Unifying Payment Interface
Unit Paying Interface
Unified Payment Interface
Unified Payment Inter-system
None of these
The Reserve Bank of India signed information sharing agreements w foreign banking regulations so far agreements have not been signed which of the following central ban
Banco Central do Brasil (BCB)
European Central Bank (ECB)
Federal Reserve
Reserve Bank of New Zealand
None of the above
The Reserve Bank has allowed Indians to carry high value denomination notes (Rs.500 and Rs.1000) while travelling to Nepal and Bhutan. However, the maximum limit that an individual can carry is __
10000
15000
20000
25000
50000
The rate at which banks borrow funds overnight from the Reserve Bank of India against approved government securities is called _
Marginal Standing Facility Rate
Repo Rate
Reverse Repo Rate
Call Money
None of the above
The 150th birth anniversary of Lala Lajpat Rai was celebrated on 28 Jan. He was associated with the foundation of which of the following banks in 1895?
Central Bank of India
Imperial Bank of India
Allahabad Bank
Punjab National Bank
None of these
The Reserve Bank of India has asked banks to display which of the following on their websites from 1 April?
Loan processing fees
Loan interest rates
CIBIL scores of individuals
All the above
Only 1 & 2
Which of the following banks not categorized as development bank in India?
NABARD
SIDBI
NHB
MUDRA Bank
Axis Bank
As per RBI guidelines, the maximum amount of penalty that Public Sector Banks can levy for non-maintenance of minimum balance in inoperative accounts of customers is __
Rs.500 per year
Rs.100 per half year
Rs.100 per quarter
Rs.10 per month
Not to levy any penalty
As per guidelines issued by the Reserve Bank of India, Banks may classify a loan as Non-Performing Asset (NPA), only if the interest due and the principal during any quarter is not serviced fully within
90 days from the end of the quarter
60 days from the end of the quarter
60 days from the beginning of the quarter
30 days from the end of the quarter
30 days from the beginning of the quarter
The motto of commercial banks is _
helping people
creating the awareness among the people about banking
accept deposits only
to crush the interest of development banks
earning the profit
Account holders have to maintain an AQB for their accounts in certain banks. What does the term AQB stands for?
Average Quantitative Balance
Average Qualitative Balance
Average Quarterly Balance
Average Qualified Balance
None of these
What is term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty?
Savings bank deposit
Term deposit
Recurring deposit
Current deposit
None of the above
Which of the following statements is NOT true regarding budget proposals in the General Budget for FY16 for banking sector?
To promote cashless transactions to curb black money
To amend RBI Act this year for monetary policy committee
Autonomous bank board bureau to determine PSU bank heads
To appoint two more deputy governors in the RBI
None of these
For which banking transactions does an individual not need to quote his/her PAN number?
Account opening
Deposit in cash aggregating Rs.50,000 or more during any one day
Making an application for issue to credit card or debit card
Payment in cash for purchase of drafts up to Rs.1 Lakh
None of these
__ has announced to au repossessed properties worth a total of nearly $200 mn in the biggest nation online sale to date.
ICICI Bank
Punjab National Bank
State Bank of India
HDFC
Bank of India
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