Banking Online Test

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Banking

Description: Issues related to banking
Number of Questions: 15
Created by: Shaka Gupte
Tags: banking Banking Awareness

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Which of the following estimates the National Income in India?

Central Statistical Organization
National Income Committee
Planning Commission
Reserve Bank of India
None of these

The Reserve Bank of India(RBI) was set up on the basis of the recommendations of_____.

the Narasimham Committee
the Mahalanobis Committee
the Rangarajan Committee
the Hilton Young Commission
the Shivraman Committee

Which public bank first introduced credit card in India?

Bank of India
Bank of Baroda
Central Bank
Allahabad Bank
None of these

Which organization is known as capital regulator or mutual funds regulator or market regulator?

SEBI
RBI
NABARD
SIDBI and IDBI
All of above

How many digits are there in a MICR code?

9
6
13
11
7

Which colour code dipicts the medium risk level, as per the SEBI regulation?

Blue
Yellow
Black
Brown
Red

When the signature of the drawer of a cheque is not genuine, such a cheque is called______.

post dated cheque
stale cheque
forged cheque
forged and stale cheque
all of the above

Which of the following finances the Rural Infrastructure Development Fund (RIDF)?

Selected group of public sector banks
Ministry of Rural Development
SEBI
NABARD
SIDBI

What is a call money?

Money borrowed or lent for a day or overnight.
Money borrowed or lent for more than one, but less than 15 days.
Money borrowed or lent for more than 15 days.
Money borrowed for more than one day, but up to 14 days.
None of these

What is the meaning of financial inclusion?

Opening accounts of finance companies
Financial analysis of balance sheet figures
Opening accounts of High Net worth Individual(HNIs)
Opening accounts of underprivileged persons at affordable cost
None of these

The basis of determining dearness allowance to employees in India is the________.

standard of living
national income
per capita income
consumer price index
wholesale price index

What is not true about core banking solutions(CBS)?

It is a networking of branches.
It is the process which is completed in a centralized environment.
It is a step of a bank towards enhancing the convenience of its customers.
Anywhere and anytime banking is the concept associated with CBS.
None of these

Which among the following is a qualitative meaure?

Bank rate
Open market operations
Variable cash reserve ratio
Prescription of margins requirements
None of these

PPF(Public Provident Fund) account is opened for a period of ____ years.

5
10
15
20
None of these

What is not true about P-notes(Participatory notes)?

They are not used within the country.
It is a derivative instrument.
It is used by foreign institutional investors(FIIs) not registered with SEBI.
Participatory notes are also associated with Foreign Direct Investors.
None of these

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