Banking Awareness MCQs for Banking exams, IBPS, SBI

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Each section contains 100 MCQs on Banking Awareness miscellaneous .

Digital signature are

A) legally valid signatures as per the information technology act. 2000 and acceptable in Indian courts at par with paper signatures B) required for authentication of e-mail and SFMS C) required for authentication of settlement applications of clearing coupan of India Ltd. D) all of the above

Discuss

Answer & Solution

Answer: Option D

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

________ is India’s largest Wide Area Network.

A) RBINET B) NICNET C) INET D) Bank Net

Discuss

Answer & Solution

Answer: Option B

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

Banks do not purchase/ discount

A) Documentary Bills B) Clean Bills C) Accommodation Bills D) Usance Bills

Discuss

Answer & Solution

Answer: Option C

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

Bancassurance means

A) Distribution of Insurance policies both life and non-life, by banks as corporate agents through their branches. B) Assurance given by banks to its customers. C) Life policy issued to the bank on the life of their staff D) Assurance given to bank by general insurance companies for insuring assets of the banks.

Discuss

Answer & Solution

Answer: Option A

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

Insurance business in India is regulated by

A) Life Insurance Corporation of India B) Reserve Bank of India C) Insurance Regulatory and Development Authority (IRDA) D) SEBI

Discuss

Answer & Solution

Answer: Option C

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

Insurance Regulatory and Development Authority

A) is a society registered under the societies Registration Act B) is a company registered under the Companies Act. 1956 C) is an NGO D) was constituted by an act of parliament under the IRDA Act. 1999

Discuss

Answer & Solution

Answer: Option D

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

Full form of ERNET is

A) England’s Remote Network B) Engineering and Research Network C) Educational and Research Network D) External and Regular Network

Discuss

Answer & Solution

Answer: Option C

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

RTGS stands for

A) Real Time Gross Settlement B) Real type General scheme C) Real Type gross settlement system D) Real time Gross system

Discuss

Answer & Solution

Answer: Option A

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 hrs. 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

Reserve bank of India, in regard to RTGS, has decided that

A) There would be accessible to all retail customers. B) There would be no floor ceiling for routing transactions through RTGS C) Settlement of transactions of the clearing corporations of India and the stock market would be conducted through RTGS. D) All of the above

Discuss

Answer & Solution

Answer: Option D

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

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