Important Banking Awareness Questions for Upcoming Exams 2017

February 6, 2017    

Important Banking Awareness Questions for Upcoming Exams 2017
Important Banking Awareness Questions for Upcoming Exams 2017 Set-117:
Dear Readers, The List of important Banking Awareness Quiz for upcoming exams was given here. Candidates those who are preparing for the exams can use this.
https://www.youtube.com/channel/UC-2Ga6vFz3l4Q-O0jFVnIIg

1). Current accounts are meant and useful for _____?
a)   Investment purposes   
b)   Identity purposes 
c)   Savings purposes
d)   Day-to-day business needs
e)   Operational convenience 


Answer: d)

2). CBS stand for?
a)   Centralised banking system
b)   Computer based Solution
c)   Core banking Solution
d)   Customised banking Solution
e)   None of the Above



Answer: c)

3). Reserve Bank of India was setup on the recommendations of which of the following commission/committee?
a)   Royal Commission    
b)   Hilton Young Commission
c)   Dantwala Committee  
d)   D R Mehta Commission
e)   None of these


Answer: b)

4). Which of the following is an international forum to discuss and implement supervisory norms in all the banks of the world?
a)   Basel Committee
b)   UN charter on commercial laws.
c)   World trade organization
d)   International Board of banks and finance
e)   None of these


Answer: a)

5). An average citizen cannot a savings account in which of the following?
a)   Commercial Bank
b)   Post office
c)   Cooperative bank
d)   RBI
e)   None of these


Answer: d)

6). Financial inclusion is meant for -
a)   Less privileged persons
b)   Senior citizens
c)   Micro finance institutions
d)   All the above
e)   None of these


Answer: a)

7). Euro money is the official currency of -
a)   NATO
c)   European Union
d)   Germany and England
e)   None of these


Answer: c)

8). When Repo rate is reduced by RBI, it leads to
a)   reduction of cost to borrowers on loans from banks
b)   increase in cost of loans to borrowers from banks
c)   reduction in cost of borrowing by banks from RBI
d)   increase in cost of borrowing by banks from RBI
e)   None of these


Answer: c)

9). Which instrument cannot be transferred from one person to another by endorsement?
a)   Fixed Deposit Receipt
b)   Short deposit
c)   Deposit Receipt
d)   All of the above
e)   None of these


Answer: a)

10). NCAER is located in _______
a)   Mumbai
b)   New Delhi
c)   Noida
d)   Chennai
e)   Hyderabad


Answer: b)

1)d   2)c   3)b   4)a   5)d   6)a   7)c   8)c   9)a   10)b
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Important Banking Awareness Questions for Upcoming Exams 2017 4.5 5 Yateendra sahu February 6, 2017 Important Banking Awareness Questions for Upcoming Exams 2017 Set-117: Dear Readers, The List of important Banking Awareness Quiz for up...


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