10th
Jul
Banking Awareness MCQ

Banking Awareness MCQ

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  • 10th Jul, 2021
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Banking Awareness MCQ Questions

Following are mostly asked Banking awareness MCQ test that are designed for professionals like you to crack you interviews. You can take this Banking awareness online test before appearing to you real interview. This Banking awareness quiz there are around 30+ multiple choice questions on Banking awareness with four options.

1) Which of the following payments can NOT be done using BBPS as of now (2020)?

  • A. Mobile Bill
  • B. School Fees
  • C. Electricity Bill
  • D. Water Bill

2) When does the asset legally belong to the purchaser under a hire purchase agreement?

  • A. Final installment is paid and purchaser agrees to a legal option to buy the asset
  • B. On date of first installment in repayment
  • C. Final installment is paid
  • D. Purchaser agrees to legal option to buy the asset

3) The depreciation on an asset purchased through hire purchase should be which of the following?

  • A. Based on the total cost including interest
  • B. Should be straight line only
  • C. No depreciation should be provide until the final payment is made
  • D. Based on the cost price of the asset only

4) In which of the following managements, the company handles the issues can have a positive or negative effect on their brand?

  • A. Public Relations Issues Management
  • B. Private Brand Issues Management
  • C. Brand Issues Management
  • D. None of the above

5) IPO issue management is also known as which of the following?

  • A. Action public
  • B. Going public
  • C. Moving public
  • D. All of these
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6) Financial services offered financing risk project to provide which of the following?

  • A. Primary fund
  • B. Secondary fund
  • C. Venture capital
  • D. Seed capital

7) Which of the following acts defines ‘Factoring Business’?

  • A. Factoring Act, 2009
  • B. Factoring Act, 2011
  • C. Factoring Act, 2007
  • D. Factoring Act, 2013

8) How much percent of foreign investment is allowed for NBFC?

  • A. 50%
  • B. 25%
  • C. 75%
  • D. 100%

9) India Infrastructure Finance Company Ltd was set up in which of the following years?

  • A. 2006
  • B. 2007
  • C. 2008
  • D. 2009

10) Core Investment Company holds not less than how much percent of its net assets in the form of investment?

  • A. 75%
  • B. 85%
  • C. 90%
  • D. 95%

11) Core investment company is a type of which of the following?

  • A. Bank
  • B. NBFC
  • C. IT company
  • D. Insurance company

12) What is the minimum net owned fund requirement for NBFCs?

  • A. Rs 175 lakh
  • B. Rs 75 lakh
  • C. Rs 200 lakh
  • D. Rs 50 lakh

13) Which of the following is the core investment company having total assets of not less than ₹100 crore?

  • A. Infrastructure Finance Company
  • B. NBFC-MFI
  • C. Infrastructure Debt Fund
  • D. Systemically Important Core Investment Company

14) National Housing Bank was set up on July 9, 1988 under which among the following acts?

  • A. National Housing Bank Act, 1987
  • B. National Housing Bank Act, 1989
  • C. National Housing Bank Act, 1990
  • D. National Housing Bank Act, 1993

15) What is the full form of APR?

  • A. Amoritized Priority Rates
  • B. Annual Priority Rates
  • C. Annual Percentage Rates
  • D. None of these

16) When did the private companies got the permission to set up Mutual Funds?

  • A. 1982
  • B. 1992
  • C. 2005
  • D. 2010

17) What is the full form of EMI?

  • A. Equal Monthly Income
  • B. Equated Monthly Incentive
  • C. Equal Monthly Installment
  • D. Equated Monthly Installment

18) Which score is considered as the maximum credit score in India?

  • A. 850
  • B. 775
  • C. 900
  • D. 500

19) Which of the following is the largest Credit Rating Agency in India?

  • A. ICRA
  • B. CRISIL
  • C. SMERA
  • D. CARE

20) What does the Credit Rating Agency IND-RA stand for?

  • A. India Ratings Association
  • B. India Ratings Agency
  • C. India Ratings and Research
  • D. None of these

21) What is India’s present Credit Ratings?

  • A. Baa3
  • B. Baa1
  • C. Baa2
  • D. AAA-

22) Which of the following is not the currency included in the SDR basket?

  • A. Brazil Real
  • B. Japanese Yen
  • C. Chinese Yuan
  • D. U.S. Dollar

23) The Reserve Bank of India governs the foreign exchange reserves under the legal provisions of which of the following Acts?

  • A. RBI Act 1938
  • B. RBI Act 1934
  • C. RBI Act 1935
  • D. RBI Act 1950

24) Who has been given the power under the Banking Regulation Act 1949 to grant license to banks?

  • A. State Government
  • B. Central Government
  • C. RBI
  • D. Ministry of Home Affairs

25) Which of these banks was nationalised in 1969?

  • A. Bank of Baroda
  • B. Dena Bank
  • C. Vijaya Bank
  • D. United Bank of India

26) Who was the Prime Minister of India when Banking Nationalization was done in 1969?

  • A. Narsimha Rao
  • B. Indira Gandhi
  • C. Rajiv Gandhi
  • D. Narendra modi

27) In which year the second round of Bank nationalisation was done?

  • A. 1980
  • B. 1975
  • C. 1985
  • D. 1990

28) When was National Investment and Infrastructure Fund created?

  • A. 2010
  • B. 2015
  • C. 2009
  • D. 2007

29) Which of these is a Priority Sector for Lending as specified by the RBI?

  • A. Education
  • B. Agriculture
  • C. Housing
  • D. All of the above

30) Which was the first bank to introduce ATM in India?

  • A. ICICI
  • B. UTI
  • C. HSBC
  • D. IDBI

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