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Banking and Financial Awareness MCQ - Set 1

Banking & Financial Awareness MCQ - Set 1

Banking & Financial Awareness MCQ - Set 1

Dear Reader, 
Practice Daily Banking Awareness Quiz from AchieversRule.Com and Stay tuned for the Upcoming Bank Exams with the Latest Questions Series. This Banking and Finacial Awareness Quiz/MCQ helps you to grab confidence and to easily Score More in less time. 
Q1.Which is the first Indian Commercial Bank that was fully owned and managed by Indians ?
A. State Bank of India
B. Allahabad Bank
C. Central Bank of India
D. Canara Bank
E. None of these

Q2.Which bank has started as a private shareholders bank, mostly by European shareholders ?
A. Bank of India
B. Bank of Baroda
C. Dena Bank
D. Imperial Bank of India
E. South Indian Bank

Q3. Which was the first indian bank started solely with Indian Capital?
A. Punjab National Bank
B. Andhra Bank
C. Indian Overseas Bank
D. Syndicate Bank
E. None of these

Q4.In which city the head office of Corporation Bank is situated ?
A. Bengaluru
B. Mumbai
C. Mangalore
D. Kolkata
E. Manipal

Q5.Which of the following statements is/are true about NABARD ?
A. It is a development bank in the sector of Regional Rural Banks in India.
B. It provides and regulates credits in the rural area.
C. It gives assistance for the promotion and development of rural sectors, mainly agriculture.
D. It finances rural crafts.
E. All of these.

Q6.Which of the following statements is/are true about Co-operative Banks in India ?
A. It has a three-tire set-up.
B. State Co-operative Banks does not have access to RBI
C. It is an urban oriented Bank
D. It functions on sound business principles.
E. None of these.

Q7.Fiscal policy is related with which of the following ?
A. Public Revenue and Expenditure
B. Education for All
C. Import and Export
D. Issue of Currency
E. None of these

Q8.What is the function of IRDA ?
A. Plan for Financial Inclusion
B. Provide relief packages to the Farmers
C. Regulate insurance business in India
D. Hiring & Purchasing assets
E. None of these

Q9. Which of the following organization decides Repo Rate ?

Q10.What is/are true about IMF ?
A. It's headquarter is situated at Washington, D.C.
B. It works to foster economic stability and global growth by providing policy, advice and financing to members
C. It negotiates conditions on lending and loans under their policy
D. It oversees the fixed exchange rate arrangements between countries
E. All of these

Q11. In which year Vijaya Bank was nationalized?
A. 1931
B. 1950
C. 1980
D. 1969
E. 1959

Q12. Who is the chief of IMF?
A. Robert Zoelick
B. Christine Lagarde
C. Kristalina Georgieva
D. Takehiko Nakao
E. None of these

Q13.Which of the following is not a bank-related term ?
A. Writ
B. Blue Book
C. Blockade
D. Liquid
E. Real time Gross Settlement

Q14. Which of the following is not a Bank?
B. BNP Paribas
C. Barclays
D. Lufthansa
E. All are banks

Q15.Which of the following is not a Foreign bank ?
A. Citi Bank
C. BNP Paribas
D. Oriental bank of Commerce
E. Taib Bank

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