Banking Awareness MCQs for Banking exams, IBPS, SBI

21

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):

A) The bank can seek authority from the RBI B) Board of directors of that Bank can decide the business suitable to the bank C) It can be decided by the Bank in the shareholders meeting D) Bank can do so if that business is notified by the Central Government as the lawful business of a Banking company

Discuss

Answer & Solution

Answer: Option D

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22

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:

A) Indian Contract Act B) SARFAESI Act C) Government Notification D) Banking Regulation Act

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

23

Cryptocurrency is a _______ .

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

Discuss

Answer & Solution

Answer: Option B

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24

Computer Emergency Response Team India comes under ___________.

A) Ministry of Communications and Information Technology B) Ministry of Commerce. C) RBI D) Department of Information & Technology.

Discuss

Answer & Solution

Answer: Option A

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25

Which country did not participated in the 44th World Economic Forum ?

A) India B) Israel C) Iran D) None of these

Discuss

Answer & Solution

Answer: Option D

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26

Which panel is scrutinizing applications for new bank licences.

A) P Chidamabram B) C.N.R. Rao Panel C) Bimal Jalan Panel D) Raghuram Rajan

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

27

Which one is not the most common objective of Banking regulations ?

A) Systematic Risk Reduction B) Credit Allocation C) Prudential Objectives D) Market Discipline

Discuss

Answer & Solution

Answer: Option D

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28

Which statement is not correct about Capital Adequacy Ratio ?

A) It is a thermometer of Bank’s Health. B) It is the ratio of its Capital to its Risk. C) It can indicate the Capacity of the Bank’s ability to absorb the possible losses. D) A good CAR makes vulnerable to the Depositors and lose faith in the banking system.

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

29

In which year India become a member of Financial Action Task Force ?

A) 1978 B) 2000 C) 2010 D) 1994

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

30

__________ was appointed by PM in July 2012 to look into taxation of IT sector.

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

Discuss

Answer & Solution

Answer: Option C

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