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Banking And Financial Awareness MCQ-Set 2

Banking And Financial Awareness MCQ-Set 2

Banking And Financial Awareness MCQ-Set 2

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. What is /are the main aim of financial inclusion ?
A. to maintain a certain quantity of liquid assets with themselves at any point of time of their total time and demand liabilities.
B. to control money supply in the economy.
C. to provide basic banking services to all section of society in urban areas or rural areas at affordable cost
D. Only A and B
E. None of these

Q2.What is known as the certain percentage of bank deposits which banks are required to keep with RBI in the form of reserves or balances ?
A. Statutory liquidity ratio
B. Repo Rate
C. Reverse Repo Rate
D. Cash Reserve Ratio
E. None of these

Q3.Which of the following statements is/ are true about Marginal Standing Funding ?
A. Banks can avail funds on overnight basis below the stipulated SLR up to two per cent of their respective Net Demand
B. Banks can avail funds from the RBI on overnight basis against their excess SLR holdings
C. Bank can meet meet the liquidity requirements of mutual funds
D. Bank can get loans from RBI for their emergency needs
E. All of these

Q4.The rate, at which RBI lends money to commercial banks against securities when commercial banks has less funds for Short Term, is/are known as which of the following ?
A. Repo Rate
B. Repurchase Rate
C. Policy Rate
D. Only A and B
E. All of these

Q5. What is the main tool to control money supply in case of banking?
A. Bank Rate
B. Repo Rate
C. Reverse Repo Rate
D. LTV Ratio
E. None of these

Q6.Which of the following is the first bank of India ?
A. Allahabad Bank
B. State Bank of India
C. Punjab National Bank
D. Bank of Hindustan
E. None of these

Q7.Which one of the following is the largest Foreign Bank in India ?
B. Standard Chartered Bank
C. Taib Bank
D. Barclays Bank
E. None of these

Q8.Which one is the First Regional Rural Bank in India ?
A. Kashi Gomti Samyut Gramin Bank
B. Andhra Pradesh GrameenaVikas Bank
C. Prathama Bank
D. Bharatiya Mahila Bank
E. None of these

Q9.Which of the following is not an initiative taken by RBI and GOI towards financial inclusion ?
A. Swabhimaan Scheme
B. Easy KYC norms
C. Granting new bank licenses
D. Banking correspondent model
E. Pradhan Mantri Mudra Yojana

Q10. Which of the following statements is/ are not true about Pradhan Mantri Jan –Dhan Yojana?
A. Every Indian family enrolled in a bank for opening zero balance account
B. The account can be opened by can be open by giving only one document either proof of address and proof of identity
C. It provides various different profit to account holder like insurance cover, overdraft facility ,Atm card etc.
D. The main aim is to open one bank account for every adult person in every family
E. All are true

Q11.Which one is the first bank to introduce robot in banking service ?
D. Axis Bank
E. Citi Bank

Q12. Which of the following is not a Public Sector Bank?
B. EXIM Bank
E. None of these

Q13.Which of the following banks first introduce voice biometric in banking system ?
E. Citi Bank

Q14.What of the following statements is/are true about Green Banking ?
A. It stresses on environmental friendly practices
B. It aims at reducing carbon footprint from banking activities.
C. It promotes deployment of clean energy technologies
D. It needs private sector investments
E. All of these

Q15.Which is the first Indian bank outside India ?
A. Bank of India
B. State Bank of India
C. Bank of Baroda
D. Canara Bank
E. Dena Bank

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