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Banking Awareness MCQs for SBI PO/Clerk/GIC Re/IBPS RRB(July 2, 2018)

6 months ago 0 comments

Dear Aspirants,
Banking Awareness section is very relevant for all the examinations. So, we at Bsc4success try to provide some important Banking Awareness MCQs on the daily basis, which will certainly help you in scoring good marks in Banking Awareness section.

1.Which of the following activities attracts the implications of STT (Security Transaction Tax)?

  1. All Banking Activities except cash deposit and withdrawal.
  2. Any Insurance Activities like Life Insurance, Health Insurance etc.
  3. All Business transactions done by any registered organisation except MSME.
  4. All Stock Exchange Activity involving Shares, Debentures etc.
  5. Any activity related to companies that pay out dividends to its shareholders.

2. Primary Deficit shows –

  1. Govt’s borrowings towards meeting expenses other than interest payments.
  2. Excess of total expenditure over total non-borrowed receipts.
  3. Difference between revenue expenditure and receipts.
  4. Total borrowings of the govt other than total expenditure.
  5. None of these

3. Fiscal Consolidation is an activity done by govt related to –

(A) To maintain good fiscal health

(B) To cut debt cost to government

(C) To cut wasteful expenditure

(D) To improve revenue opportunities

  1. Only (A)
  2. Only (B)
  3. Both (C) and (D)
  4. All of the above
  5. None of the above

4. Capital Gains Tax is levied at –

  1. Sale proceeds of an Asset.
  2. Sum raised from sale of any security.
  3. Gain from sale of an Asset.
  4. Both (1) and (2)
  5. Both (1) and (3)

5. Who is the current Chairperson of CBDT?

  1. Nand Kumar Sai
  2. DP Singh
  3. Anita Karwal
  4. Sushil Chandra
  5. CK Prasad

6. Headquarter of Indian Banks’ Organisation (IBA) is in –

  1. New Delhi
  2. Mumbai
  3. Hyderabad
  4. Kolkata
  5. Ahmedabad

7. Which of the following is not a key area for monitoring revised PCA framework for Banks?

  1. CRAR (Capital to Risk Assets Ratio)
  2. CET (Common Equity Tier I) Ratio
  3. NNPA (Net Non Performing Assets) Ratio
  4. ROA (Return on Assets)
  5. None of these

8. A Nidhi company is one that belongs to the non-banking Indian finance sector and their core business is borrowing and lending money between their members. Who is the regulator of this kind of companies?

  1. SEBI
  2. RBI
  3. IRDAI
  4. State Government
  5. Ministry of Corporate Affairs

9. STRIVE is a govt scheme which provides Vocational Education and Training to improve the skills. What does ‘V’ stands for in term ‘STRIVE’?

  1. Value
  2. Vision
  3. Vocational
  4. Vast
  5. None of these

10. Which of the following option does not satisfy the condition of a NBFC?

  1. NBFC can’t accept demand deposits.
  2. NBFCs do not form part of the payment & settlement system and can’t issue cheques drawn on itself.
  3. Deposit Insurance facility of DICGC is not available to depositors of NBFCs.
  4. NBFC should have a minimum net owned fund of Rs 100 lakh.
  5. It should be a company registered under Companies Act.


  1. 4
  2. 1
  3. 4
  4. 3
  5. 4
  6. 2
  7. 5
  8. 5
  9. 1
  10. 4


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