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Banking Awareness MCQs, Banking Awareness

Banking Awareness Questions For Syndicate Bank & Upcoming Bank Exams

1. NABARD was dedicated to the service of the nation by the late Prime Minister Smt. Indira Gandhi on
(a)12th July 1982
(b) 01st January 1949
(c) 19th July 1980
(d) 15th April 1969
(e) 05th November 1982

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2. The mission of NABARD is Promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services, institution development and other innovative initiatives. What is meaning of “R” IN NABARD?
(a) Regional
(b) Rural
(c) Reconstruction
(d) Revised
(e) Remittance

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Q3. SAT is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India (SEBI) Act, 1992. SAT stands for
(a) Securities Appellate Tribunal
(b) Securities Appellate Treaty
(c) Securities Association Tribunal
(d) Saving Appellate Tribunal
(e) None of the above

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Q4. The Securities and Exchange Board of India (SEBI) was established on
(a) 12th April 1999
(b) 12th April 1992
(c) 12th April 1949
(d) 12th April 1990
(e) 12th April 1995

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Q5. NABARD was set up with an initial capital of
(a) Rs 200 crore
(b) Rs 1500 crore
(c) Rs 500 crore
(d) Rs 100 crore
(e) Rs 1000 crore

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Q6. At present many public sector banks and one private sector bank are authorized to handle the Senior Citizens Savings Scheme (SCSS), 2004. Name the private sector bank, which are authorized to handle the Senior Citizens Savings Scheme (SCSS), 2004?
(a) ICICI bank
(b) HDFC Bank
(c) Axis Bank
(d) Yes Bank
(e) Kotak Mahindra Bank

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Q7. The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises. As under a micro enterprise is an enterprise where investment in plant and machinery does not exceed…………..?
(a) Rs. 100 lakh
(b) Rs. 15 lakh
(c) Rs. 25 lakh
(d) Rs. 50 lakh
(e) None of the above

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Q8. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. In which year Commercial Paper was introduced in India?
(a) 1975
(b) 1990
(c) 1985
(d) 1955
(e) 1980

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Q9. Which Bank of India maintains the Principal Accounts of Central as well as State Governments at its Central Accounts Section?
(a) IDBI
(b) SBI
(c) SIDBI
(d) NABARD
(e) RBI

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Q10. Who are eligible to issue Commercial Paper (CP)?
(a) Corporate
(b) Primary dealers (PDs)
(c) All-India Financial Institutions (FIs)
(d) All of the above
(e) None of the above

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Q11. Under OLTAS, only a Single Copy Challan is used with a tear off portion for the Tax Payer. What does OLTAS stand for-?
(a) On-line Tax Accounting Service
(b) On-line Tax Amounting System
(c) On-line Timing Accounting System
(d) On-line Tax Association Service
(e) On-line Tax Accounting System

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Q12. What is the minimum period of maturity prescribed for Commercial Paper (CP)?
(a) 17 Months
(b) 14 Days
(c) 01 Year
(d) 07 days
(e) 05 years

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Q13. Which banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
(a) Foreign Banks functioning in India
(b) Local Area Banks
(c) Regional Rural Banks
(d) All of the above
(e) None of the above

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Q14. What is the maximum period of maturity prescribed for Commercial Paper (CP)?
(a) 10 years
(b) 06 years
(c) 01 Year
(d) 02 years
(e) 05 years

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Q15. Each depositor in a bank is insured by DICGC upto a maximum of _____________________ for both principal and interest amount held by him in the same capacity and same right as on the date of liquidation/cancellation of bank’s licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.
(a) Rs.1, 00,000
(b) Rs.2, 00,000
(c) Rs.3, 00,000
(d) Rs.4, 00,000
(e) Rs.5, 00,000

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