Banking Awareness Miscellaneous — Part 1 MCQs with Explanations

5 years is the correct answer to “Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Delhi Stock Exchange is the correct answer to “Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Medical Insurance is the correct answer to “Which of the following is not a function of General Insurance”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

All of the above is the correct answer to “Liability- side of the balance-sheet comprises:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

A percentage of aggregate deposits of the bank is the correct answer to “Minimum cash reserves fixed by law constitute ___”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

NABARD is the correct answer to “Which of the following organizations/ agencies has sought an emergency fund of Rs.1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Accounts in which shares of various companies are traded in electronic form is the correct answer to “Which of the following types of accounts are known as "Demat Accounts"”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Security on immovable property for a loan is the correct answer to “Mortgage is a:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Giriraj Singh is the correct answer to “___ assumed charge as the Minister of State for Micro, Small & Medium Enterprises (MSME) on 11th November 2014.”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Dr. D Subbarao is the correct answer to “Identify the well known person related to Banking field in India from the following”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

RBI is the correct answer to “Currency notes deposited in the currency chest are the property of ____”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Safe custody is the correct answer to “A fixed deposit receipt is kept with the bank for its safety, is known as ___”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Reserve Bank of India is the correct answer to “Who among the following is the primary regulator of Banking business”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Undesirable persons is the correct answer to “The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of _______:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

All the above is the correct answer to “Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Non - banking financial companies acceptance of public deposits (Revenue Bank) directions 1998 is the correct answer to “Acceptance of deposits by non - banking financial companies is regulated by RBI under:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Companies Act 1956 is the correct answer to “If a company, which is not a non - banking financial company wants to collect public deposits, it is governed by ___ Act”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Public is the correct answer to “Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Section 7 of Banking Regulation Act is the correct answer to “Every Banking company is required to use the word Bank in its name and no company other than a Banking company can use the words Bank, Banker or Banking as a part of its name as per:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Section 22 of banking Regulation Act is the correct answer to “In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under ____ Act”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Bank can do so if that business is notified by the Central Government as the lawful business of a Banking company is the correct answer to “Section 6(A) of B.R. Act has given the list of ancillary services which can be rendered by a Bank under the Banking Regulation Act. in the event that a Bank wants to undertake any other services (other than the list):”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Banking Regulation Act is the correct answer to “Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Digital Medium of Exchange is the correct answer to “Cryptocurrency is a _______ .”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Ministry of Communications and Information Technology is the correct answer to “Computer Emergency Response Team India comes under ___________.”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

None of these is the correct answer to “Which country did not participated in the 44th World Economic Forum”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Bimal Jalan Panel is the correct answer to “Which panel is scrutinizing applications for new bank licences.”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Market Discipline is the correct answer to “Which one is not the most common objective of Banking regulations”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

A good CAR makes vulnerable to the Depositors and lose faith in the banking system. is the correct answer to “Which statement is not correct about Capital Adequacy Ratio”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

2010 is the correct answer to “In which year India become a member of Financial Action Task Force”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

C N R Rao Committee is the correct answer to “__________ was appointed by PM in July 2012 to look into taxation of IT sector.”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Chameli Devi Jain Award is the correct answer to “Which award is given for an Outstanding Woman Reporter in India”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

500 Crore is the correct answer to “In April 2013, A Bill has been introduced in the Lok Sabha to raise the authorised capital of the Regional Rural Banks to Rs _____ .”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Three is the correct answer to “In Take Out Financing there is/are how many parties involve”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

All of these is the correct answer to “In India, main Products of Retail Banking are ________.”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

It is the small credit given to poor. is the correct answer to “Microcredit is defined as _____.”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Life Insurance Policy is the correct answer to “Priority Sector does not includes the _____.”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Tax Structure Reforms is the correct answer to “Kelkar Committee Gave recommendations on ___________.”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Call/Put Option Bonds. is the correct answer to “Which one is not the Government Securities”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Federal Bank is the correct answer to “Your Perfect banking Partner is the punch line of ______ Bank.”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Pune is the correct answer to “Head office of Bank of Maharashtra is located at ________.”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.