Banking Awareness Questions and Answers

1.

Who won the All England Badminton Championship for India ?

   A.) Prakash Padukone
   B.) P. Gopichand
   C.) Prakash Padukone
   D.) Both 1 and 2

Answer: Option 'D'

Both 1 and 2

2.

In the case of FCNR accounts the payment of interest is effected in ____?

   A.) Indian Rupee
   B.) Same currency in which deposit stands
   C.) Only in Pound
   D.) Yen

Answer: Option 'B'

Same currency in which deposit stands

3.

What is the full form of NBMSME ?

   A.) National Bank for Micro, Small and Medium Enterprises
   B.) National Bank for Medium and selected Medium Entrepreneurs
   C.) National Board for Micro, Selected Medium Enterprises
   D.) National Board for Micro, Small and Medium Enterprises

Answer: Option 'D'

National Board for Micro, Small and Medium Enterprises

4.

The Main activity of the Financial Intelligence Unit India (FIUIND) is to control:

   A.) Tax Evasion
   B.) Avoiding NPAs
   C.) Terrorism
   D.) Money Laundering

Answer: Option 'D'

Money Laundering

5.

When a debtor owes several debts to a banker and makes a payment, the right to appropriation lies with ______?

   A.) The banker
   B.) The court
   C.) The debtor
   D.) All of the above

Answer: Option 'C'

The debtor

6.

The Bank for International Settlements (BIS) which provides the Banking supervision accords is located in which country

   A.) England
   B.) USA
   C.) France
   D.) Switzerland

Answer: Option 'D'

Switzerland

7.

The maximum number of partners in a non-banking partnership firm is ______?

   A.) 20
   B.) 11
   C.) 25
   D.) 10

Answer: Option 'A'

20

8.

Which of the following is not a Maharatna company ?

   A.) GAIL
   B.) BPCL
   C.) ONGC
   D.) NTPC

Answer: Option 'B'

BPCL

9.

ACH is a nationwide automated electronic system that monitors and administers the process of check and fund clearance between banks. Expand ACH.

   A.) Automatic Check Clearing House
   B.) Automated Check House
   C.) Automated Clearing House
   D.) Automatic Clearing House

Answer: Option 'C'

Automated Clearing House

10.

Trophy and Sport / Game event given, Pick the correct combination.

   A.) Cricket - ICC World Cup, Ashes cup, Ranji Trophy, Deodhar Trophy, Duleep Trophy, Irani Trophy
   B.) Football - FIFA cup, Durand Cup, Rovers Cup, Santosh Trophy, Subroto Cup
   C.) Hockey - Agha Khan Cup, Beighton Cup, Dhyan Chand Trophy, Murugappa Gold Cup
   D.) All of above

Answer: Option 'D'

All of above

11.

The main function of an Asset Management Company is to:

   A.) hold the securities of various schemes
   B.) act on behalf of SEBI
   C.) manage the funds by making investments in various types of securities
   D.) hold its property for the benefit of the unit holders

Answer: Option 'C'

manage the funds by making investments in various types of securities

12.

Which of the following teams won the Ranji Trophy cricket in March 2015 ?

   A.) Karnataka
   B.) Kerala
   C.) Tamil Nadu
   D.) Delhi

Answer: Option 'A'

Karnataka

13.

____ is the regulatory authority for Mutual funds:

   A.) IRDA
   B.) Ministry of Corporate affairs
   C.) RBI
   D.) SEBI

Answer: Option 'D'

SEBI

14.

As part of the Financial Inclusion the following acts as an alternative to the Branch Banking.

   A.) Online Banking
   B.) Mobile banking
   C.) Issuing of ATM Cards
   D.) Kiosks

Answer: Option 'B'

Mobile banking

15.

Who was named as the first Chairman of the to be opened Bandhan Bank, which announced its Board of Directors on 9th July 2015?

   A.) S.S.Mundra
   B.) Ashok K. Lahiri
   C.) Subir Gokaran
   D.) T.S.Vijayan

Answer: Option 'B'

Ashok K. Lahiri

16.

Union Minister of State for Atomic Energy for Space is ___________

   A.) Piyush Goyal
   B.) Dr. Jitendra Singh
   C.) V. K. Singh
   D.) Maneka Gandhi

Answer: Option 'B'

Dr. Jitendra Singh

17.

In which of the Acts, specimen of the cheque, bill, promissory note is given?

   A.) Negotiable Instruments Act
   B.) Banking Regulation Act
   C.) Mercantile Law
   D.) ​None

Answer: Option 'D'

​None

18.

RBI permitted CBS-enabled Cooperative Banks to issue ATM cards in tie-up with:

   A.) State Bank of India
   B.) a sponsor bank
   C.) NABARD
   D.) Any Nationalised Bank

Answer: Option 'B'

​a sponsor bank

19.

After acceptance of a bill, the primary liability on a Bill of Exchange is that of ______?

   A.) Payee
   B.) Endorsee
   C.) Acceptor
   D.) Drawee

Answer: Option 'C'

Acceptor

20.

The ICC World Twenty 20 cup 2016 hosts by _________

   A.) India
   B.) Bangladesh
   C.) Sri Lanka
   D.) England

Answer: Option 'A'

India


Banking Knowledge and Awareness MCQs 2016 Download Pdf