TOP 100 MCQs

BANKING & STATIC AWARENESS

PART - 1
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Also Included in Bank Super Elite

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Cheques can be issued respect of which of the following accounts?

a) 1. Savings bank accounts and current accounts
b) 2. both savings bank accounts and fixed deposit accounts
c) 3. both savings bank accounts and cash accounts only
d) 4. both savings bank accounts and loan accounts

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 USE CODE SHEETALTO GET MAXIMUM DISCOUNT ON OLIVEBOARD

A Centralized database with online connectivity to branches interest as well as ATM-

network which has been adopted by almost all major banks of our country is known as
a) 1. Investment Banking
b) 2. Mobile Banking
c) 3. Core Banking
d) 4. Interest Banking

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 USE CODE SHEETALTO GET MAXIMUM DISCOUNT ON OLIVEBOARD

Under the corporate Debt Restructuring (CDR) mechanism, loan assets of banks have been
categorized which on of the following statement is not correct.
(a) Assets belonging to standard and sub- Standard category come under Category I
(b) asset belonging to Doubtful category come under Category 2
(c) Assets belonging to Doubtful and loss categories come under Category 2
(d) Out of total Loan Assets,90 per cent is Standard and sub-standard and Doubtful is 10 per
cent this lot comes under Category I.

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The Banking Ombudsman Scheme was introduced under Section 35 A of the Banking
Regulation Act, 1949 by RBI with effect from _______:
a) 1992
b) 1993
c) 1995
d) None of The Above

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The regulator of Micro Finance in India is:

(a) Finance Ministry
(b) Reserve Bank of India
(c) State Bank of India
(d) SEBI

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A bank customer can file a complaint against banking organization if reply is not received
from the bank within a period of _____after concerned bank has received complaint
representation:
a) Two Months
b) One Month
c) Three Months
d) None of The Above

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 USE CODE SHEETALTO GET MAXIMUM DISCOUNT ON OLIVEBOARD

Truncation of cheques means:

(a) The cheques in the paper form will be retained by the collecting banker
and he will submit
(b) Entire clearing operations would be done only through computers
(c) Cheques will be scanned and the electronic image, instead of physical
cheque, will be transmitted in the clearing cycle
(d) Debiting the drawer’s account through internet banking

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In which year India adopted partial convertibility of rupee?

(a) 1991
(b) 1992
(c) 1993
(d) 1994

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In which year India adopted partial convertibility of rupee?

(a) 1991
(b) 1992
(c) 1993
(d) 1994

When Partial convertibility of Rupee on current account was introduced 1992, government had
announced its intention to introduce the full convertibility on the current account in 3 to 5 years. The full
convertibility means no RBI dictated rates and there is a unified market determined exchange rate
regime. Encouraged with the success of the LERMS, the government introduced the full convertibility of
Rupee in Trade account(means only merchandise trade no service trade)from March 1993 onwards.
With this the dual exchange rate system got automatically abolished and LERMS was now based upon
the open market exchange. The full convertibility of Rupee was followed by stability in the Rupee Rate in
the next many months coming up.

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BASEL norms are related to BIS. What is 'I' Stands for in the BIS?
(a) Investment
(b) Innovative
(c) International
(d) India

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How many transactions can be made through Money Transfer Service Scheme(MTSS) per
calendar year?
(a) 20
(b) 30
(c) 40
(d) 50

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As recently stated by RBI, an NBFC cannot lend(against gold) more than

(a) Rs 25,000 in cash
(b) Rs 50,000 in cash
(c) Rs 10,000 in cash
(d) Rs 100,000 in cash

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