Banking Awareness MCQ

Banking Awareness MCQ

  • Admin
  • 31st Mar, 2022

Take Banking Awareness MCQ Test & Online Quiz to Test Your Knowledge

Practice below the best Banking Awareness MCQ Questions that check your basic knowledge of Banking Awareness. This Banking Awareness MCQ Test contains 20 Multiple Choice Questions. You have to select the right answer to the question. apart from this, you can also download the banking Awareness MCQ PDF completely free.

Banking Awareness MCQ Questions

1) Who manages the Foreign Exchange control in India?

  • A. RBI
  • B.SEBI
  • D.Central Government

2) Who was the first Indian Governor of Reserve Bank of India?

  • A. Sir C D Deshmukh
  • B.Sir Benegal Rama Rau
  • C.K G Ambegaonkar
  • D.H V R Iengar

3) Who among the following has created the Logo of Aadhar Card?

  • A. Atul SudhakarRao Pandey
  • B.Nandan Nileknai
  • C.R Chandra Shekhar
  • D.None of the Above

4) What is the maximum loan duration period for the Personal Loan?

  • A. 1-5 years
  • B.2-4 years
  • C.1-8 years
  • D.1-10 years

5) Relationship discount is an additional benefit by banks.

  • A. True
  • B.False
Download Free : Banking Awareness MCQ PDF

6) Which of the following mutual funds solely invests in stocks?

  • A. Bond Fund
  • B.Fixed Income Fund
  • C.Money Market Mutual Fund
  • D.Equity Fund

7) What is the full form of LTV In Housing Finance?

  • A. Loan to Value Ratio
  • B.Lending Term Value
  • C.Loan Terms Value
  • D.Lending Tenure Value

8) What is the full form of FASB?

  • A. Financial Accounting Standards Board
  • B.Finance Accounting Safety Board
  • C.Finance and Accounts Standards Board
  • D.Financial Accounting Safety Bureau

9) What is the full form of FEMA?

  • A. Fixed Entity Management Act
  • B.Foreign Exchange Management Act
  • C.Foreign Entity Management Act
  • D.Finance Establishment Management Act

10) To which of the following personalities is the BHIM app dedicated?

  • A. Mahatma Gandhi
  • B.Dr. B.R Ambedkar
  • C.Subhash Chandra Bose
  • D.Jawahar Lal Nehru

11) Which of the following does not have savings account?

  • A. NRE Account
  • B.NRO Account
  • C.FCNR(B) Account
  • D.Both (B) and (C)

12) Which of the following financial activities is carried by CIC (Credit Information Company)?

  • A. granting of loans to group companies
  • B.investment in bank deposits
  • C.issuing guarantees on behalf of group companies
  • D.All of the above

13) Which of the following are functions of financial services?

  • A. Mobilization of savings
  • B.Allocation of fund
  • C.Specialized services
  • D.All of the above

14) Liability- side of the balance-sheet comprises:

  • A. Capital and reserve
  • B.Long-term liabilities
  • C.Current liabilities
  • D.All of the above

15) Demat Account is an account that is used to hold shares and securities in electronic format.

  • A. True
  • B.False

16) Mortgage is a ____.

  • A. security on movable property for a loan
  • B.security on immovable property for a loan
  • C.concession on immovable property
  • D.facility on immovable property

17) A fixed deposit receipt is kept with the bank for its safety, is known as ___?

  • A. Safe custody
  • B.Safe deposit
  • C.Valid safe deposit
  • D.Locker

18) Cryptocurrency is a _______.

  • A. Plastic Money
  • B.Digital Medium of Exchange
  • C.Digital payment
  • D.Both A & B

19) ____ was appointed by PM in July 2012 to look into taxation of IT sector.

  • A. Rangachary committee
  • B.Bimal Jalan Committee
  • C.Damodran Committee
  • D.C N R Rao Committee

20) What is the full form of CDR?

  • A. Corporate Debt Restructuring
  • B.Corporate Debit Restructuring
  • C.Continuous Debt Restructuring
  • D.None of the above

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