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Q.1
Which of the following statements are correct with respect to NBFCs?
NBFCs can accept deposits from NRI
Nomination Facility is not available to depositors of NBFCs
The deposits with NBFCs are insured
All of the Above
None of the above
Q.2
Mutual Fund business from existing customers can be canvassed by__________.
Coercion
Cross-selling
Internal marketing
Outdoor marketing
Road-shows
Q.3
Which among the following is the main difference between the fiscal policy and the monetary policy of a country?
Monetary Policy deals with the money supply in the economy whereas fiscal policy is regarding the revenue and the expenditure of the government.
Monetary policy is handled by central bank whereas fiscal policy is the domain of the government.
Monetary Policy has no bearing on the global market whereas fiscal policy is aimed at the global market only.
Both 1 and 2
All 1, 2 and 3
Q.4
Which among the following services cannot be provided by Payments Banks in India?
It can issue debit cards
It can issue credit cards
It can accept deposits from individuals up to a limit of Rs 1 lakh per customer
Both 1 and 2
1, 2 and 3
Q.5
To calculate capital adequacy ratio, the banks are required to take into account which of the following risks?
Credit risk and Operational risk
Credit risk and Market risk
Market Risk and Operational Risk
Credit Risk, Market risk and Operational risk
None of the above
Q.6
UPI payment system has been launched by which organisation?
Reserve Bank of India
National Payments Corporation of India
Mobile Payments Forum of India
Bharat Bill Payment system
None of these
Q.7
How much amount has been allocated in interim budgetunder Pradhan Mantri Gram Sadak Yojana (PMGSY) for 2019-20?
16,000 crore
19,000 crore
18,000 crore
17,000 crore
13,000 crore
Q.8
Which of the following is not a general utility service offered by commercial banks
Gift cheques
Locker facility
Letter of Credit
Income tax consultancy
Merchant banking
Q.9
Which of the following is not the part of the Scheduled Banking structure in India?
Money Lenders
Public Sector Banks
Private Sector Banks
Regional Rural Banks
State Corporative Banks
Q.10
What is the Maturity of Treasury Bills?
Less Than 5 years
Less Than 3 years
Less Than 1 year
Less Than 1 month
Can be Matured at anytime
Q.11
An account that a bank holds in a foreign country in another bank is known as _______.
Escrow Account
Cash Account
Nostro Account
Savings Account
Nominal Account
Q.12
Which of the following is true regarding NEFT and RTGS?
NEFT has no minimum limit whereas RTGS has a minimum limit of 2 lakhs
Both NEFT and RTGS have no maximum limit
RTGS is faster as compared to NEFT
NEFT can be processed anytime
All of the above
Q.13
________ has been authorized by RBI as the Bharat Bill Payment Central Unit (BBPCU).
NPCI
NACH
NHB
Both NPCI and NACH
None of the above
Q.14
Which of the following is not true about Payments Bank?
Payments bank can issue ATM/debit cards but not credit cards
Initial capital required for a Payments Bank is Rs 100 crore
Payments Bank must maintain Cash Reserve Ration (CRR) as decided by RBI
Payments Bank can give a loan of up to only Rs 1 lakh
Payments Bank can enable transfers and remittances through a mobile phone.
Q.15
The word “core” in CBS, Core Banking Solution, stands for
Controlled Online Real-time Money Export
Centralized Online Real-time Exchange
Controlled Online Real-time Environment
Centralized Online Real-time Money Export
None of the above
Q.16
Payment Bank gets licence under___________.
Banking Regulation Act 1949, Section 22
Banking Regulation Act 1949, Section 21
Banking Regulation Act 1949, Section 20
Banking Regulation Act 1949, Section 19
None of these
Q.17
As per the interim budgetthe total outlay for Rashtriya Gokul mission is increased to Rs. ________.
Rs. ₹550 crore
Rs. ₹500 crore
Rs. ₹800 crore
Rs. ₹750 crore
Q.18
Participatory Notes or P-Notes stands for
Alternative Stock instrument
Alternative Derivative instruments
Primary Equity Instrument
Investment derivative instrument
Q.19
The grants given to the states by the central government are considered as ________.
Revenue Expenditure
Capital Expenditure
Asset Expenditure
Interest Expenditure
Q.20
When the bank is not able to have enough cash to carry out its day-to-day operations, it is called ________.
Liquidity risk
Systemic risk
Operational risk
Credit risk
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