Banking And Financial Awareness MCQ - Set 23

Banking And Financial Awareness MCQ - Set 23

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Follow the Current Affairs Articles, Banking Articles, Daily Current Affairs Update from Achiever's Rule to prepare for the upcoming IBPS, SBI Exams. You must practice the Banking And Financial Awareness MCQ/ Quiz on a daily basis to prepare well. Download the available PDFs.

Q1.In which city the head office of Allahabad Bank is situated ?
A.Allahabad
B.Kolkata
C.Mumbai
D.Chennai
E.Pune

Q2.Who is CEO of Dhanalaxmi Bank ?
A.Rakesh Shetty
B.Uday Kotak
C.G. Sreeram
D.Urjit Patel
E.None of them

Q3.'Experience Our Expertise' is the tagline of which bank ?
A.Axis Bank
B.Bandhan Bank
C.HDFC Bank
D.Yes Bank
E.None of these

Q4.In which city the head office of HDFC Bank is situated ?
A.New Delhi
B.Mumbai
C.Pune
D.Chennai
E.Kolkata

Q5.In which city the head Quarter of RBI is situated ?
A.Mumbai
B.New Delhi
C.Ahmedabad
D.Chennai
E.Bengaluru

Q6.NHB is the Apex Bank for which of the following ?
A.Investments
B.Housing
C.Finance
D.Insurance
E.None of these

Q7.Which of the following Banks has announced collaboration with IIC to boost trade?
A.Dena Bank
B.HDFC Bank
C.Axis Bank
D.Vijaya Bank
E.None of these

Q8.IMPS stands for which of the following ?
A.Intermediate Payment Service
B.International Mode Payment Service
C.Independent Mode Payment Service
D.Immediate Payment Service
E.None of these

Q9.Which of the following statements is true about NHB ?
A.It is a Public Limited Company
B.It is a Private Limited Company
C.It is a Limited Company
D.It is a Community Interest Company
E.None of these

Q10.IBC stands for which of the following ?
A.Insolvency and Banking Code
B.Insolvency and Bankruptcy Code
C.Intermediate Bankruptcy Code
D.Immediate Bankruptcy Code
E.None of these

Q11.The non profit organization GSTN is formed to create which platform ?
A.Government
B.Stakeholders
C.Tax payers
D.None of these
E.All of these

Q12.Who is the CEO of Bandhan Bank ?
A.Aditya Puri
B.Urjit Patel
C.Chandra Sekhar Ghosh
D.G Sreeram
E.None of them

Q13.What is threshold limit of GST for North Eastern states ?
A.15 Lakh
B.20 Lakh
C.5 Lakh
D.10 Lakh
E.None of these

Q14.Section 13 of Negotiable Instruments Act 1881 deals with which of the following ?
A.Promissory Note
B.Negotiable Instruments
C.Reserve Fund
D.Cheque
E.None of these

Q15.Which of the following banks has largest number of offices in India after SBI ?
A.Canara Bank
B.Dena Bank
C.Punjab National Bank
D.Vijaya Bank
E.None of these

Explanation

Explanation 1. Allahabad Bank is one of the nationalised banks of India.Its headquarter is situated in Kolkata, India.It was founded in Allahabad in 1865.

Explanation 2. G Sreeram is the CEO of Dhanlaxmi Bank Ltd. It is an old private sector bank which has headquarter in Thrissur City, Kerala, India.It was founded in 1927.

Explanation 3. 'Experience Our Expertise'is the tagline of Yes Bank.It is the fourth largest private sector Bank of India which was founded by Rana Kapoor and Ashok Kapur in 2004.

Explanation 4. HDFC Bank Limited is a private sector bank of India. It is also a financial services company.Its head office is situated in Mumbai. Aditya Suri is the CEO of HDFC Bank.

Explanation 5. RBI is the central banking institution of India. It controls the monetary policy of Indian rupee.Urjit Patel is the Governor of RBI.

Explanation 6. NHB Stands for National Housing Bank. It is an apex financial institution for housing.

Explanation 7. Axis Bank has signed IIC(Inter-American Investment Corporation) pact to boost trade between India, Latin America and West Indies

Explanation 8. IMPS stands for Immediate Payment Service.

Explanation 9. NHB is a Public Limited Company. Its head office is situated in New Delhi. RBI is the parent Agency of this bank.

Explanation 10. The Insolvency and Bankruptcy Code (IBC) is the bankruptcy law of India. It seeks to consolidate the existing framework by making a single law for bankruptcy and insolvency. The code was introduced in Lok Sabha in 2015.

Explanation 11. The Goods and Service Tax Network (GSTN) is a non-government, non-profit organization. It must manage the entire IT system of GST portal.It is formed to create a platform for government, stakeholders, taxpayers to collaborate on a single portal.

Explanation 12. Chandra Sekhar Ghosh is the CEO of Bandhan Bank. Its head quarter is situated in Kolkata.

Explanation 13. GST stands for Goods And Service Tax. The GST threshold limit for the North Eastern States is 10 lakh.

Explanation 14. Section 13 of Negotiable Instruments Act 1881 deals with Negotiable Instruments.A negotiable instrument is a document guaranteeing the payment of a specific amount of money with the payer named on the document.

Explanation 15. Punjab National Bank has largest numbers of offices except SBI.It has over 6,968 branches in India.