Banking Awareness MCQs for Banking exams, IBPS, SBI

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Each section contains 100 MCQs on Banking Awareness miscellaneous .

In which year, Credit Guarantee Corporation created ?

A) 1975 B) 1971 C) 1973 D) 2001

Discuss

Answer & Solution

Answer: Option B

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

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:

A) Note caution and will advice the payee to contact purchaser of the draft B) Not act on the request C) Stop payment D) Performs no action

Discuss

Answer & Solution

Answer: Option A

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

Mutual funds are required to be registered with:

A) AMFI B) SEBI C) IBA D) RBI

Discuss

Answer & Solution

Answer: Option B

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

What is Yield Curve Risk?

A) It is a line of graph plotting the yield of all maturities of a particular instrument. B) Yield curve changes its slope and shape from time to time. C) Yield curve can be twisted to the desired direction through the intervention of RBI. D) All of the above

Discuss

Answer & Solution

Answer: Option D

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

The biggest international financial centre in the world:

A) Frankfurt B) Geneva C) London D) New York

Discuss

Answer & Solution

Answer: Option C

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

The expansion of BIFR, in the context of the Indian Industry is:

A) Board for Industrial and Financial Reconstruction B) Bureau for Industrial and Financial Reconstruction C) Board for Investment and Financial Reconstruction D) Bureau for Investment and Financial Reconstruction

Discuss

Answer & Solution

Answer: Option A

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

The largest financial conglomerate of India is:

A) HDFC Bank B) ICICI Bank C) IFCI D) SBI

Discuss

Answer & Solution

Answer: Option D

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

Under which of the following methods of depreciation, amount of depreciation varies every year?

A) Written Down Value Method B) Straight Line Method C) Amount of depreciation does not vary on year to year basis D) Either a or b

Discuss

Answer & Solution

Answer: Option A

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

Usually, the validity period of an Income Tax Refund Order is:

A) 1 month B) 2 months C) 3 months D) 6 months

Discuss

Answer & Solution

Answer: Option C

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

Which of the following is true about "White Card"?

A) It is related to companies producing milk products B) It does not carry on its face, the brand of the issuer C) It is meant to covert blank money into the economy D) It is a card that provides white money

Discuss

Answer & Solution

Answer: Option B

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

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