Banking Awareness Miscellaneous — Part 2 MCQs with Explanations

1971 is the correct answer to “In which year, Credit Guarantee Corporation created”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Note caution and will advice the payee to contact purchaser of the draft is the correct answer to “A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

SEBI is the correct answer to “Mutual funds are required to be registered with:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

All of the above is the correct answer to “What is Yield Curve Risk”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

London is the correct answer to “The biggest international financial centre in the world:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Board for Industrial and Financial Reconstruction is the correct answer to “The expansion of BIFR, in the context of the Indian Industry is:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

SBI is the correct answer to “The largest financial conglomerate of India is:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Written Down Value Method is the correct answer to “Under which of the following methods of depreciation, amount of depreciation varies every year”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

3 months is the correct answer to “Usually, the validity period of an Income Tax Refund Order is:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

It does not carry on its face, the brand of the issuer is the correct answer to “Which of the following is true about "White Card"”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

HDFC Bank is the correct answer to “First bank in India to launch its interactive banking service through Dish TV:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

C.D. Deshmukh is the correct answer to “First Indian Governor of the RBI:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Kapoor Committee is the correct answer to “CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Debtor and Creditor is the correct answer to “The primary relationship between the banker and the customer is that of:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Three years is the correct answer to “A debt becomes time-barred after:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Principal and agent is the correct answer to “In the matter of handling bills of exchange for collection, the relationship between customer and the bank is:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

A legal transaction whereby goods may be made available as security for a debt is the correct answer to “Hypothecation is:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Drawer is the correct answer to “Payment of a cheque may be countermanded by the ___”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Strengthening of weak banks is the correct answer to “J.S. Verma Committee Report relates to:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

48 hours is the correct answer to “A Usance Bill when presented for acceptance has to be accepted/ dishonoured within:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Commercial document is the correct answer to “Invoice is a:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

When he declares an insolvent by the Court is the correct answer to “When does a person become insolvent”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Swap is the correct answer to “When two parties make an arrangement to exchange future cash flows, it is called:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

HDFC Bank is the correct answer to “Which of the following banks enjoys the reputation of being at the top in market capitalization among all the private banks”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Escalation in Project Cost is the correct answer to “"Claused Bill of Landing" is one which indicates:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

DICGC is the correct answer to “Insurance cover for bank deposits in our country is provided by:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Micro credit is the correct answer to “Loan of very small amounts given to low income groups is called:”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Corporate Debt Restructuring is the correct answer to “When a banker talks about CDR, what is he talking about”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Asset Liability Management is the correct answer to “Expand the term ALM as used in Banking/Finance sector”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Banking industry is the correct answer to “Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/ markets”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

10 years is the correct answer to “What is the maximum period for which domestic term deposits are normally accepted by banks in our country”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Liquidity is the correct answer to “What does the letter ‘L’ stands for in the term LAF commonly used in financial/economic news”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Reserve Bank of India is the correct answer to “Monetary Policy as an arm of the economic policy is administered by”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

All of the above is the correct answer to “A scheduled bank must be”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Co-operative Banking Reforms is the correct answer to “Kapoor committee, 1999 is related to ____.”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

SIDBI is the correct answer to “Which of the following institution is meant for small and medium enterprises”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

200 is the correct answer to “Under the second phase of nationalization, 07 banks were nationalized. Their deposits were over ________ crore.”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Vijaya Bank is the correct answer to “The tag line ‘A friend you can bank on’ is of which bank”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Central Government is the correct answer to “Who is having the major stakes in NABARD”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.

Fixed interest rate is the correct answer to “Gilt-edged securities market is the market for government and semi-government securities. These securities carry”. This question is standard in competitive examination syllabi for Banking Awareness Miscellaneous.