Banking Awareness MCQs for Banking exams, IBPS, SBI

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Each section contains 100 MCQs on Banking Awareness miscellaneous .

The Banking Ombudsman

A) is in charge of bank loan for buses B) fixes the rates of interest for loans C) resolves complaints of customers D) is the head of all nationalized banks

Discuss

Answer & Solution

Answer: Option C

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

Which of the following is not a primary function of a Bank?

A) Granting Loans B) Collecting Cheques/ Drafts customers C) Facilitating import of goods D) issuing Bank drafts

Discuss

Answer & Solution

Answer: Option C

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

Lending to Micro Finance Institutions by banks is considered as finance to

A) Non priority sector B) priority sector C) commercial sector D) Agriculture sector

Discuss

Answer & Solution

Answer: Option B

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

Which of the following is/are various components/ channels of the monetary policy of the RBI? (a) Altering money supply, (b) credit availability (c) Influencing exchange rates

A) Only (A) & (B) B) Only (B) & (C) C) Only (A) & (C) D) Only (A)

Discuss

Answer & Solution

Answer: Option A

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

Which of the following is/are called key Policy rates by the Reserve Bank of India? A. Bank rate B. Repo Rate, Reverse repo rate C. CRR, SLR

A) Only A B) Only B C) Only A & B D) All A, B and C

Discuss

Answer & Solution

Answer: Option D

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

The Reserve Bank of India has divested its stake in State Bank of India to

A) IDBI Bank B) LIC C) ICICI Bank D) Government of India

Discuss

Answer & Solution

Answer: Option D

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

Objective of monetary policy of RBI is to

A) control inflation B) discourage hoarding of commodities C) encourage flow of credit into neglected sector D) All of the above

Discuss

Answer & Solution

Answer: Option D

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

Real Time Gross Settlement System means a payment system in which

A) both processing and final settlement of funds transfer instructions can take place continuously B) final transaction takes place at the end of the day C) final payment is physically effected within 24 hours D) final settlement of funds take place at 3 PM daily

Discuss

Answer & Solution

Answer: Option A

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

Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized?

A) ten B) six C) five D) four

Discuss

Answer & Solution

Answer: Option B

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

What is financial inclusion?

A) To provide banking services to all those living in remote areas B) To provide a 100 days job to all those who are in need of a job C) To provide a permanent employment to the unemployed D) To ensure that all financial transactions amounting Rs. 5,000/- and above are done through banks

Discuss

Answer & Solution

Answer: Option A

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

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