Banking and Financial Awareness - Part 21

Daily Banking and Financial Awareness Quiz - Part 21

Effective For SBI PO - IBPS PO - Bank Exams - Insurance Exams

Dear Reader, 

As SBI PO/CLERK, IBPS PO/CLERK Prelims & Mains Exams is scheduled tentatively in the month of May to December. Start daily practice for your upcoming Banking Exams.  It will help you to boost your score. In this section you will get daily 15 questions in the form of Multiple Choice Questions (MCQs).

Q1. Which among the following banks is planning to lauuch a signature card for high net worth individuals?
A. SBI
B. HDFC
C. ICICI
D. Bank of Broda
E. None of these


Q2.Where has the country's first mega food park been inaugurated ?
A. Rai Bareilly (Uttar Pradesh)
B. Nagput (Maharashtra)
C. Chitoor (Andhra Pradesh)
D. Jabalpur (Madhya Pradesh)
E. None of these


Q3.MICR stands for ?
A. Megnetic Ink Character Reader
B. Market Ink Character Reader
C. Machine Input Character Reader
D. Magnetic Ink Character Recognition
E. None of these


Q4.In how many cities RBI has started plastic Money Project ?
A. 5 cities
B. 7 cities
C. 4 cities
D. 6 cities
E. None of these


Q5.Which of the following is the sensitive index of national stock exchange ?
A. Nifty
B. Sensex
C. MCX
D. CNX
E. None of these


Q6.Depreciation means ?
A. Closure of a company due to lock out
B. Closure of a plant due to labour trouble
C. Destruction of a plant in a fire accident
D. Loss of equipment over time due to wear and tear
E. None of these


Q7.What is inclusive finance ?
A. Providing financial services to low income groups at an affordable cost
B. Doing banking business in remote areas
C. It is the amount of money reserved for the government schemes
D. Providing financial services specially to women and children lower income groups
E. None of these


Q8.Consider the following statements and state which one is correct ?
A. State Bank of India Issues and manages currency in India
B. Reserve Bank of India issues and manages currency in India
C. A nationalization bank issues and manage currency in India
D. A cooperative bank in India issues and manages currency in India
E. None of these


Q9.From which year RBI is empowered to fix the CRR on its discretion without any celling ?
A. 2005
B. 2007
C. 2009
D. 2006
E. None of these


Q10.Which of the following is a subsidiary of Reserve Bank of India ?
A. National Housing bank
B. Bhartiya Reserve Bank Note Mudran Private Limited
C. NABARD
D. All of the above
E. None of the above


Q11.Which of the following is a function of NABARD ?
A. Providing refinance to lending Institution in rural areas
B. Act as a coordinator in the operations of rural credit institutions
C. Bringing about or promoting Institutions development
D. To help sectors of the economy that has special credit needs
E. All of these


Q12.The Regional Rural banks have been established by the Government of India in terms of the provisions of the ?
A. Regional Rural Banks Act.1976
B. Regional Rural Banks Act,1970
C. Regional Rural Banks Act,1975
D. Regional Rural Banks Act,1974
E. None of these


Q13.Which among the following is included in the banking reforms in India ?
A. Adopting measures to strengthen risk management
B. Providing easy credit to all
C. Provide guaranteed subsidy from the governments
D. Both 2 and 3
E. None of these


Q14.What is the upper limit for the RTGS transaction in India ?
A. 1 lakh
B. 2 lakh
C. 4 lakh
D. No upper limit
E. None of these


Q15.For excellence in which of the follwoing field Abel Prize is awarded ?
A. Maths
B. Physics
C. Journalism
D. Arts
E. None of these