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Banking and Financial Awareness MCQ- Set 9

Banking and Financial Awareness MCQ- Set 9

Banking and Financial Awareness MCQ- Set 9

Dear Readers,
Solve the Daily Banking and Financial Awareness MCQ/ Quiz to prepare for the upcoming IBPS, SBI exams from Achiever's Rule. You can follow the Daily Current Affairs Update, Banking Articles, Current Affairs Articles to be ahead. Download the available PDFs as it is the most effective study material.

Q1.Which of the following is the unit of money whose face value and intrinsic value are equal ?
A.Flat Money
B.Commodity Money
C.Optional Money
D.Full Bodied Money
E.None of these


Q2.What is the full form of EMI ?
A.Equal Monthly Investment
B.Equal Monthly Installment
C.Easy Monthly Installment
D.Equated Monthly Installment
E.None of these

Q3.Regional Rural Banks are sponsored by which of the following ?
A.Reserve Bank of India
B.NABARD
C.Nationalized Commerce Bank
D.Government of India
E.None of these

Q4.Reserve Bank of India is established in which year ?
A.1945
B.1935
C.1949
D.1952
E.None of these

Q5.Which of the following is/are Optional Money ?
A.Bank Drafts
B.Cheque
C.Bills of Exchange
D.Promissory Notes
E.All of these

Q6.Which of the following bank was known as Imperial Bank of India before Nationalization ?
A.United Bank of India
B.Dena Bank
C.Punjab National Bank
D.State Bank of India
E.Vijaya Bank

Q7.Which of the following is called as Non-Legal Tender Money ?
A.Commodity Money
B.Full Bodied Money
C.Optional Money
D.Paper Money
E.None of these

Q8.Which of the following is not a Representative Money ?
A.Gold
B.Silver
C.Copper
D.Tobacco
E.None of these

Q9.Banking in India is controlled by which of the following ?
A.Ministry of Commerce
B.Ministry of Finance
C.Reserve Bank of India
D.NITI Ayog
E.None of these

Q10.Which of the following is associated to teaser rates ?
A.Personal Loan
B.Home Loan
C.Auto Loan
D.Education Loan
E.None of these

Q11.Which of the following decides the Bank Rate ?
A.SEBI
B.GOI
C.SBI
D.RBI
E.NABARD

Q12.FCEB stands for which of the following ?
A.Foreign Currency Exchangeable Bond
B.Foreign Currency External Bond
C.Foreign Currency Export Bond
D.Foreign Currency Exchange Bond
E.None of these

Q13.Which of the following is a banking term ?
A.Zero Hour
B.Sedimentary
C.Output Devices
D.Swapping
E.De-mat

Q14.PSLC stands for which of the following ?
A.Priority Sector Loan Certificates
B.Priority Sector Lower Credit
C.Priority Sector Lending Certificates
D.Priority Sector Large Credit
E.None of these

Q15.In which city the head office of RBI is located ?
A.New Delhi
B.Lukhnow
C.Kolkata
D.Bengaluru
E.Mumbai

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