About BANKING
Following are some of the multiple choice questions on the practice-mcq-question-on-banking-awareness-miscellaneous with answers that will help the students in developing their knowledge.
(1)Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______:
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(2)Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?
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(3)Which of the following is not a function of General Insurance?
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(4)Liability- side of the balance-sheet comprises:
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(5)Minimum cash reserves fixed by law constitute ___
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(6)Which of the following organizations/ agencies has sought an emergency fund of Rs.1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers?
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(7)Which of the following types of accounts are known as "Demat Accounts"
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(8)Mortgage is a:
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(9)___ assumed charge as the Minister of State for Micro, Small & Medium Enterprises (MSME) on 11th November 2014
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(10)Identify the well known person related to Banking field in India from the following?
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(11)Currency notes deposited in the currency chest are the property of ____?
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(12)A fixed deposit receipt is kept with the bank for its safety, is known as ___?
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(13)Who among the following is the primary regulator of Banking business?
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(14)The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of _______:
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(15)Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is
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(16)If a company, which is not a non - banking financial company wants to collect public deposits, it is governed by ___ Act
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(17)Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from
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(18)Every Banking company is required to use the word Bank in its name and no company other than a Banking company can use the words Bank, Banker or Banking as a part of its name as per:
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(19)In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under ____ Act.
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(20)Section 6(A) of B.R. Act has given the list of ancillary services which can be rendered by a Bank under the Banking Regulation Act. in the event that a Bank wants to undertake any other services (other than the list
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(21)Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by
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(22)Cryptocurrency is a _______ .
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(23)Computer Emergency Response Team India comes under ___________.
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(24)Which country did not participated in the 44th World Economic Forum ?
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(25)Which panel is scrutinizing applications for new bank licences.