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Banking Awareness MCQs, Banking Awareness

Banking Awareness Questions For Syndicate Bank & Upcoming Bank Exams

Q1. In which among the following year Asia’s first Export Processing Zone (EPZ) was set up?
(a) 1959
(b) 1971
(c) 1965
(d) 1956
(e) 1975

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Q2. What is the meaning of “E” in SEZs?
(a) Essential
(b) Economic
(c) Electronic
(d) Effective
(e) None of the above

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Q3. Banks are required to classify NPA further into the ___________ categories based on the period for which the asset has remained non-performing and the realisability of the dues.
(a) One
(b) Three
(c) Two
(d) Four
(e) Six

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Q4. Which among the following are not the categories of NPA?
(a) Sub-standard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above

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Q5. PMMY were launched on 08 April 2015 by the Hon’ble Prime Minister Narendra Modi. What is the full form of PMMY?
(a) Pradhan Manager MUDRA Yojana
(b) Pradhan Mantri MUDRA Yatra
(c) Pradhan Mantri MUDRA Yojana
(d) Pramukh Mantri MUDRA Yojana
(e) None of the above

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Q6. MUDRA gives loan in how many categories?
(a) Two
(b) One
(c) Three
(d) Four
(e) Six

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Q7. Which among the following is not a loan category of MUDRA bank?
(a) Shishu
(b) Arun
(c) Kishor
(d) Tarun
(e) None of the above

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Q8. SEZs Policy was announced in _________ with the objective of making the SEZs an engine for economic growth, supported by quality infrastructure and an attractive fiscal package both at the Central and State level with a single window clearance.
(a) December 1999
(b) October 2010
(c) January 2005
(d) July 1991
(e) April 2000

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Q9. The main objectives of the SEZ act are
(a) Generation of additional economic activity
(b) Promotion of exports of goods and services
(c) Promotion of investment from domestic and foreign sources
(d) Creation of employment opportunities
(e) All of the above

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Q10. With effect from 31 March 2005, a ______________ would be one, which has remained NPA for a period less than or equal to 12 months.
(a) Sub-standard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above

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Q11. With effect from March 31, 2005, an asset would be classified as _____________ if it has remained in the sub-standard category for a period of 12 months.
(a) Sub-standard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above

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Q12. What is the financial limit Under MUDRA’s Shishu scheme?
(a) Rs. 5, 00,000
(b) Rs. 50,000
(c) Rs. 1, 00,000
(d) Rs. 10,000
(e) Rs. 1, 50,000

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Q13. What is the financial limit Under MUDRA’s Kishor scheme?
(a) Rs. 50,000 to Rs. 10 lakh
(b) Rs. 50,000 to Rs. 3 lakh
(c) Rs. 50,000 to Rs. 1 lakh
(d) Rs. 50,000 to Rs. 2 lakh
(e) Rs. 50,000 to Rs. 5 lakh

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Q14. Which among the following Incentives and facilities offered to the SEZs is not correct?
(a) Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units.
(b) Exemption from State sales tax and other levies as extended by the respective State Governments.
(c) Exemption from minimum alternate tax under section 115JB of the Income Tax Act.
(d) 100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for 10 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.
(e) Exemption from Central Sales Tax.

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Q15. ___________ is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs.
(a) SEZs
(b) FDI
(c) FIPB
(d) CDR
(e) CSR

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