Banking Awareness MCQs for Banking exams, IBPS, SBI

1

The approach of ‘Micro-Credit’ or ‘Banking with the poor’ is comparatively a new concept in the field of rural credit. This approach has been tried very successfully in which of the following countries?

A) India B) China C) Japan D) Bangladesh

Discuss

Answer & Solution

Answer: Option D

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

2

The lowering of Bank Rate by the Reserve Bank of India leads to

A) More liquidity in the market B) Less liquidity in the market C) No change in the liquidity in the market D) Mobilization of more deposits by commercial banks

Discuss

Answer & Solution

Answer: Option A

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3

Which of the following is not a part of the scheduled banking structure in India?

A) Public Sector Banks B) Moneylenders C) Private Sector Banks D) Regional Rural Bank

Discuss

Answer & Solution

Answer: Option B

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

4

The rate of interest on Savings Bank Account is decided by

A) RBI B) Indian Banks Association C) Government of India D) The Concerned Bank

Discuss

Answer & Solution

Answer: Option D

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

5

Many times we read a term CBS used in banking operation. What is the full form of the letter ‘S’ in the term ‘CBS’?

A) Systematic B) Super C) Support D) Solution

Discuss

Answer & Solution

Answer: Option D

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6

Who sets up the Bench Mark Interest Rate for Germany?

A) German Central Bank B) Deutsche Bundes Bank C) European Central Bank (ECB) D) Deutsche Bank

Discuss

Answer & Solution

Answer: Option C

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

7

What is India's Apex Tax body?

A) CBDT B) GAAR C) IT Department D) RBI

Discuss

Answer & Solution

Answer: Option A

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8

Banks in India are governed by BR Act 1949. What does 'BR' stands for?

A) Banks Registration B) Banking Re-organization C) Banking Regulation D) Banking Rights

Discuss

Answer & Solution

Answer: Option C

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9

In India, Scheduled Commercial Banks are those Banks included?

A) In the 2nd Schedule of RBI Act 1934 B) In the 2nd Schedule of BR Act 1949 C) In the 2nd Schedule of NI Act 1881 D) In the 2nd Schedule of Companies Act 1956

Discuss

Answer & Solution

Answer: Option A

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10

"Doing business report" published by

A) World Bank B) IMF C) ADB D) WTO

Discuss

Answer & Solution

Answer: Option A

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