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Banking Awareness MCQs, Banking Awareness

Banking/Financial Awareness for Syndicate/Canara/SBI & Other Bank Exams

1. Consider the following statements:
1. In Indian Commercial Banking System, the number of the Non-scheduled Bank is more than the Scheduled Banks.
2. The Non-scheduled Banks in Indian Commercial Banking Systems are even less than a dozen in number.
Which of the statements given above is/are correct?
(a) Only 1                       (b) Only 2
(c) Both 1 and 2           (d) Neither 1 nor 2
(e) Can’t say

2. Which one of the following statements is true regarding IMF?
(a) It is not an agency of UNO
(b) It can grant loan to any country of the world
(c) It can grant loan to State Government of a country
(d) It grants loan only to member nations
(e) All of the above

3. BCSBI stands for
(a) Banking Codes and Standards Board of India
(b) Banking Credit and Standards Board of India
(c) Banking Codes and Service Board of India
(d) Banking Credit and Service Board of India
(e) None of the above

4. The headquarters of IMF and World Bank are located at
(a) Geneva and Montreal
(b) Geneva and Vienna
(c) New York and Geneva
(d) Washington DC
(e) Nigeria

5. Which one of the following institutions publish the report of ‘World Economic Outlook’?
(a) IMF      (b) World Bank
(c) RBI       (d) UNCTAD
(e) Citi Bank

6. The capital of IMF is made up by contribution of the
(a) credit
(b) deficit financing
(c) member nations
(d) borrowing
(e) All of these

7. Treasury Bills means
(a) salary bills drawn by Government officials on the treasury
(b) bills drawee by the Government contractors and other suppliers on the treasury for the dues owed to them by the Government
(c) obligation of the Government of India issued by the Reserve Bank of India and payable normally 91 days after issue
(d) a mode of drawings by the Treasury Office on the Reserve Bank of India
(e) None of the above

8. Special drawing right is an international practice of drawing funds. Which of the following institutions control this special finding facility?
(a) World Bank
(b) Asian Development Bank
(c) Federal Reserve
(d) European Common Market
(e) All of the above

9. Which of the following is not a money market instrument?
(a) Treasury Bills
(b) Commercial Paper
(c) Certificate of Deposit
(d) Equity Share
(e) None of these

10. Which of the following can be identified as a demat account?
(a) Accounts which can have zero balance
(b) Accounts opened to facilitate repayment of loan
(c) Accounts in which shares of companies are traded in electronic form
(d) Accounts maintained by mutual fund companies for investors
(e) None of the above

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