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Banking Awareness for SBI PO / Clerk

18 mins ago 0 comments

267 total views, 3 views today

Dear Aspirants,

In every banking examinations, Banking Awareness section plays a pivotal role in scoring good marks in the section. It is very relevant for all the examinations. So, we at Bsc4success are providing important Banking Awareness MCQs on the daily basis, which will certainly aid your preparation. Make most of it.

1. KYC guidelines followed by the Banks have been framed on the recommendations of the_________.

1) Ministry of Home Affairs
2) Ministry of Rural Development
3) Indian Banks Association
4) Financial Intelligence Unit
5) Reserve Bank of India

2. Short-term assets, representing amounts due to a vendor or suppliers of goods or services that were sold on credit terms is known as _______.

1) Account Receivable
2) Fixed Asset
3) Deposit Asset
4) Current Liabilities
5) None of these

3. What is the rate at which commercial banks charge on their surplus funds with RBI?

1) SLR
2) Reverse Repo Rate
3) Repo Rate
4) Cash Reverse Ratio
5) Bank Rate

4. _________ is the rate at which commercial bank needs to maintain in the form of cash, or gold or government approved securities (Bonds) before providing credit to its customers.

1) Reverse Repo Rate
2) Repo Rate
3) CRR Rate
4) SLR Rate
5) None of these

5. Who appoints the governor of Reserve Bank of India?

1) Financial Secretary
2) Financial Ministry
3) Central Government
4) President of India
5) None of these

6. FII Stands for _______.

1) Foreign Institutional Investor
2) Foreign International Investor
3) Forward Institutional Investor
4) Formal Institutional Investor
5) Formal International Investor

7. Which among the following is a qualitative tool of monetary policy?

1) Credit Ceiling 2) Credit Rationing
3) Cash Reserve Ratio 4) Bank Rate
5) None of these

8. In India, the Chit funds are governed/regulated by ________.

1) Local Bodies
2) RBI
3) Central Government
4)State Government
5) None of these

9. CAG Stands for _______.

1) Controller and Auditor General of India
2) Constant and Author General of India
3) Constant Auditor General of India
4) Central Auditor General of India
5) None of these

10. CPI stands for ______.

1) Cost Price Index
2) Current Price Index
3) Consumer Price Index
4) Cash Price Index
5) None of these

Answers:

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