Banking Awareness MCQs for Banking exams, IBPS, SBI

A. More than forty eight hours

B. More than one year

C. More than six months unless otherwise specified

D. More than three months

A. Post dated cheque

B. Stale cheque

C. Forged cheque

D. All of the above

A. The Government of India

B. RBI

C. Either 1 or 2

D. All of the above

A. Fixed Fiduciary System

B. Maximum Fiduciary System

C. Percentage Reserve System

D. Minimum Reserve System

A. Partial convertibility

B. Liberalized exchange rate system

C. Both A and B

D. None of these

A. All banks are authorized to accept soiled notes across their counters and pay the exchange vale

B. All public senor bank branches and currency chest branches of private sector banks are authorised to adjudicate and pay value in respect of mutilated notes

C. The RBI has also authorised all Commercial Bank branches to treat certain notes in ‘two pieces’ as soiled notes and pay exchange value

D. All of the above

A. 85

B. 100

C. 115

D. 125

A. 20

B. 22

C. 25

D. 28

A. 1, 2, 5, 10, 20, 50, 100 and 500

B. 1, 2, 5, 10, 20, 50, 500 and 1000

C. 2, 5, 10, 20, 50, 100, 500 and 1000

D. 2, 5, 10, 20, 50, 100, 1000 and 10000

A. RBI Governor

B. Deputy Governor

C. Finance Secretary

D. Finance Minister