Banking Awareness Questions and Answers

11.

Unsigned demand draft is presented for payment, the drawee branch will ______?

   A.) Honour it
   B.) Dishonour it since it does not have a mandate of the drawer bank to pay it
   C.) Honour it if it is for small amount
   D.) Honour it after seeking confirmation from the collecting bank

Answer: Option 'B'

Dishonour it since it does not have a mandate of the drawer bank to pay it

12.

What is the limitation of the number of persons in a joint savings bank account?

   A.) One
   B.) Two
   C.) Three
   D.)

Answer: Option 'E'

No limit

13.

Cash deposit ratio means____ ?

   A.) The percentage of total deposits received by Banks
   B.) The percentage of cash-in-hand- balance with the Central Bank to the aggregate deposits
   C.) The percentage of total cash money received as deposits by banks
   D.) All the above

Answer: Option 'B'

The percentage of cash-in-hand- balance with the Central Bank to the aggregate deposits

14.

Reserve Bank of India was setup on the recommendations of which of the following commission/committee?

   A.) Royal Commission
   B.) Hilton Young Commission
   C.) Dantwala Committee
   D.) D R Mehta Commission

Answer: Option 'B'

Hilton Young Commission

15.

The Centre will over the next four years infuse how many crore rupees into the state-owned banks ?

   A.) Rs. 70,000 crore
   B.) Rs. 80,000 crore
   C.) Rs. 90,000 crore
   D.) Rs. 65,000 crore

Answer: Option 'A'

Rs. 70,000 crore

Banking Knowledge and Awareness MCQs 2016 Download Pdf