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Banking And Financial Awareness MCQ- Set 11

Banking And Financial Awareness MCQ- Set 11

Banking And Financial Awareness MCQ- Set 11

Dear Readers,
Follow the Daily Banking and Financial Awareness MCQ/Quiz from the Achiever's Rule and practice the questions daily. You can study the Daily Current Affairs Update, Banking Articles, Current Affairs Articles to prepare for the upcoming Banking and SSC CGL exams. Download the PDFs available.
Q1.What is Microcredit ?
A.It is the amount given by Govt. for Small Industries Development
B.It is the amount given to the students as education loan
C.It is the small credit given to poor
D.It is the installment given by Farmers against Loan
E.None of these

Q2.Which of the following are the main products of Retail Banking ?
A.Card Products
B.Deposit Products
C.Loan products
D.Only B and C
E.All of these

Q3.LAF stands for which of the following ?
A.Least adjustment facility
B.Liquidity adjustment facility
C.Long adjustment facility
D.Liabilities adjustment facility
E.None of these

Q4.Who administered Monitary Policy ?
D.State Governments
E.None of these

Q5.Which of the following statements is/are true about Scheduled Bank ?
A.It is an institution which is notified by GOI
B.It is a company defined by companies act, 2013
C.It is a corporation or company incorporated by the law in force in India
D.It is included in the Second Schedule of Reserve Bank of India Act, 1934.
E.All of these

Q6.Which of the following is related to Kapoor Committee, 1999 ?
B.Capital Account convertibility
C.Restructuring of RRBs
D.Co-operative Banking Reforms
E.None of these

Q7.Which of the following deals with the small and medium enterprises ?
E.None of these

Q8.The Bank that begins with “U” is the tagline of which of the following bank ?
A.Union Bank of India
B.UCO Bank
C.United Commercial Bank
D.United Bank of India
E.None of these

Q9.The major stakes of NABARD is owned by whom ?
A.Central Government
C.Ministry of Finance
E.None of these

Q10.AEP stands for which of the following ?
A.Automated engineered payment service
B.Aadhaar-enabled promotion scheme
C.Aadhaar-enabled Payment system
D.Aadhaar-enabled Payment scheme
E.Aadhaar-enabled Payment Service

Q11.Who issues the Sovereign Gold Bond ?
A.Ministry of Finance
C.State Governments
E.None of these

Q12.DRI stands for which of the following ?
A.Different Rate of Interest
B.Differential Rate of Interest
C.Different Ration for Indians
D.Different Rate of Interest-bond
E.None of these

Q13.What is the minimum investment in SGB ?
A.Five Grams
B.Four Grams
C.Three Grams
D.Six Grams
E.One Gram

Q14.Which of the following banks offer loans to the poor to construct or buy houses ?
E.None of these

Q15.Which of the following Government Bodies carry out the appointments of the Banking Ombudsman?
B.Govt. of India
C.Finance Ministry
E.None of these

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