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Banking Awareness and SEBI mcq questions and answers for competitive exams

Posted on Jun 9, 2022 10:12 PM - 2 years ago

Banking Awareness and SEBI mcq questions and answers for competitive exams UPSC SSC , SSC CGL, SSC CHSL, upsc Civils , Entrance exams Online test practice online free Quiz, mock practice online

61.

Which of the following are the amounts owed to a company that are not going to be paid?

a

Bad debts

b

Overdrawn accounts

c

Out of order accounts

d

Non-performing Assets

62.

Minimum period of fixed deposit is days and maximum period for which a bank can accept a deposit presently is years?

a

7 -10

b

7 -20

c

7 -30

d

7 -40

63.

Credit cards are of standard size and thickness and are embossed with the following details -

a

Validity date

b

Card number

c

Name of card holder

d

All of the above

64.

Which of the following has introduced a new tool named Data Warehousing and Business Intelligence System for speedy analysis of data and identification of violations?

a

RBI

b

SBI

c

TRAI

d

IRDA

65.

In which type of banking, electronic financial transactions are done?

a

E-Banking

b

M-Banking

c

Internet Banking

d

Universal Banking

66.

What matters most during a run on the bank, is ?

a

Safety of bank

b

The solvency of the bank

c

The number of depositors

d

The liquidity of the bank

67.

In which year ' Andhra Bank ' was formed?

a

1920

b

1921

c

1922

d

1923

68.

RBI has the legal right to issue bank notes, under which act?

a

RBI Act

b

Coinage Act

c

Companies Act

d

Banking Regulation Act

69.

What is nomination?

a

It is a part of will on behalf of a depositor

b

A facility given to depositors by the Government

c

It is a process of appointing legal heir by the depositors

d

It confers a right to the nominee to receive payment of a deposit after death of depositors

70.

The main function of an Asset Management Company is to:

a

act on behalf of SEBI

b

hold the securities of variousschemes

c

hold its property for the benefitof the unit holders

d

manage the funds by makinginvestments in various typesof securities

71.

What happens if a crossed cheque is presented for payment?

a

It cannot be paid at all

b

It can be paid only through a banker

c

It can be paid across the counter in another bank

d

None of the above

72.

Which bank was baptised as the State Bank of India?

a

Indian Bank

b

New Bank of India

c

United Bank of India

d

Imperial Bank of India

73.

Legal amount in a cheque stands for

a

amount in figures

b

amount in words

c

amount written as not over

d

amount in words in figures, whichever is higher

74.

Payment of a cheque may be countermanded by the

a

Payee

b

Drawer

c

Drawee

d

True owner

75.

Which of the following is not a function of General Insurance?

a

Fire Insurance

b

Crop Insurance

c

Cattle Insurance

d

Medical Insurance