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Banking Awareness MCQs for Banking exams, IBPS, SBI

It contains mcq questions on banking awareness for IBPS, IBPS PO, SBI, SBI PO and other banking exams. One can learn and practices questions on Banking awareness over here. Page-2 section-1

Each section contains 100 MCQs on Banking Awareness miscellaneous .
11
Currency notes deposited in the currency chest are the property of ____?
Discuss
Answer & Solution
Answer: Option B
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12
A fixed deposit receipt is kept with the bank for its safety, is known as ___?
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
13
Who among the following is the primary regulator of Banking business?
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Answer & Solution
Answer: Option A
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14
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 _______:
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Answer & Solution
Answer: Option A
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15
Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:
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Answer & Solution
Answer: Option E
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16
Acceptance of deposits by non - banking financial companies is regulated by RBI under:
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Answer & Solution
Answer: Option A
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17
If a company, which is not a non - banking financial company wants to collect public deposits, it is governed by ___ Act
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Answer & Solution
Answer: Option C
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18
Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from:
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Answer & Solution
Answer: Option A
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19
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:
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Answer & Solution
Answer: Option A
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20
In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under ____ Act
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Answer & Solution
Answer: Option A
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