Banking Awareness MCQs for Banking exams, IBPS, SBI

61

Which committee proposed to raise the compulsory insurance of bank deposits up to 5 Lakhs?

A) Aravind Mayaram B) Usha Thorat C) Damodaran D) Syamala Gopinath

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Answer & Solution

Answer: Option C

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62

Which of the following were considered to be compelling reasons for bank Nationalization?

A) Concentration of wealth and economic power in the hands of industrialists and business B) Branch expansion was confined to urban areas and rural area were being neglected C) Sectors like agriculture small scale industries and the other deserving sectors were outside the purview of bank lending operations D) Above all

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Answer & Solution

Answer: Option D

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63

Factoring is

A) a means of financing traders and manufactures by taking over their receivables B) a means of providing post-shipment finance to exporters C) a type of agriculture financing D) None of these

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Answer & Solution

Answer: Option A

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64

Smart card can be

A) an embedded circuit with micro processor chip embedded in it so that it could perform calculations maintain records and act as electronic pursue. B) built in facility for protection against fraudulent operations C) can either be rechargeable or exchangeable D) All of the above

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Answer & Solution

Answer: Option D

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65

Commercial banking system means

A) Scheduled and non-Scheduled banks B) Private sector and public scheduled banks C) Both (a) and (b) D) Regional rural banks, co-operative banks and NBFCs

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Answer & Solution

Answer: Option C

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66

On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than

A) Rs 25 crore B) Rs 50 crore C) Rs 85 crore D) Rs 100 crore

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Answer & Solution

Answer: Option D

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67

In the case of advances against fixed deposits receipts of the bank

A) deposit represented by the receipt is assigned to the bank B) deposit receipt is pledged to the bank C) deposit receipt is hypothecated to the bank D) A lien is created on the deposit receipts in favour of the bank

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Answer & Solution

Answer: Option D

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68

Which of the following fall under the qualitative method of credit control adopted by RBI?

A) Selective credit control B) Moral suasion C) Credit authorization scheme D) All of the above

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Answer & Solution

Answer: Option D

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69

Scheduled bank refers to a bank

A) authorized by central government to transaction government business B) registered with ministry of finance , govt. of India C) Which is included in the second schedule to the RBI act, 1934 D) incorporated as a cooperative society

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Answer & Solution

Answer: Option C

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70

Which of the following is NOT a source of funds of a commercial bank?

A) Borrowings from RBI B) Call money C) Deposits D) Cash reserves with RBI

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Answer & Solution

Answer: Option D

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