BANKING AWARENESS PRACTICE MCQs FOR ALL BANK EXAMS

1. Which of the following is not a debt instrument in banking parlance?
a) a Certificate of deposit
b) Bonds
c) Stocks
d) Commercial papers
e) Debentures

2. Which of the following is NOT a scheduled Commercial Bank?
a) HDFC Bank
b) Axis Bank
c) IDBI Bank
d) NABARD
e) SBI

3. Which of the following organizations/ agencies is not associated with banking and Finance?
a) SEBI
b) AMFI
c) RBI
d) ECGC
e) ONGC

4. Who amongst the following Padma Bhushan Awardees is a famous banker?
a) Mr. Azim H. Premji
b) Ms. Chanda Kochhar
c) Ms. Kapila Vatsyayan
d) Mrs. Waheeda Rehman
e) Mr. Brajesh Mishra

5. Which of the following has been renamed as "Annual Policy Statement" by the Reserve Bank of India?
a) Busy season banking policy
b) Slack season banking policy
c) Monetary and credit policy
d) Annual statistical report
e) None of the above

6. Which committee has recommended introduction of smart card?
a) Rangarajan committee
b) Saraf committee
c) Nayak committee
d) Pannirselvan committee
e) None of the above

7. Which committee had formulated consultative profile in connection with electronic funds transfer?
a) A.K. Purwar committee
b) Y V Reddy committee
c) K S Shere committee
d) S. A. Dave committee
e) None of the above

8. The process of transformation of physical shares, commercial paper or certificate of deposit into
electronic form is called as:
a) Electronic clearing service
b) Electronic securitization
c) Share truncation
d) Dematerialisation
e) None of the above

9. Providing banking services to a customer without his entrance inside the bank's branch is called
as:
a) Virtual banking
b) Relationship banking
c) Universal banking
d) Mobile banking
e) None of the above

10. Where is the headquarters of "Society for worldwide Inter bank Financial Telecommunication
- SWIFT" situated?
a) New York
b) Los Angels
c) Brussels
d) Hague
e) None of the above

11. Where has National Financial Switch of IDRBT established?
a) Mumbai
b) New Delhi
c) Hyderabad
d) Bangalore
e) None of the above

12. If the employees of the bank go on strike, it results in?
a) Operational risk
b) Employee risk
c) Credit risk
d) Market risk
e) Systemic risk

13. Which of the following is not included in three pillars of BASEL capital accord?
a) Minimum capital requirement
b) Supervisory review
c) Market discipline
d) Core banking solution
e) None of the above

14. When ICICI Limited merged with ICICI bank?
a) 1st August, 2000
b) 1st August 2001
c) 1st August, 2002
d) 1st August, 2003
e) None of the above

15. Which bank has changed its name to AXIS bank limited?
a) Centurion bank
b) Times bank
c) Bank of Punjab Limited
d) Bank of Karad
e) UTI bank limited

16. Times Bank Limited merged with:
a) HDFC Bank
b) Bank of India
c) Punjab National Bank
d) Central Bank of India
e) None of the above

17. Which of the following Banks & Head Offices is not correct?
a) State Bank of Bikaner & Jaipur - Jaipur
b) State Bank of Hyderabad - Hyderabad
c) State Bank of Mysore - Mysore
d) State Bank of Patiala - Patiala
e) State Bank of Travancore - Thiruvananthapuram

18. CCIL stands for:
a) Cement Corporation of India Limited
b) Central Clearing Company Ltd.
c) Clearing Corporation of India Limited
d) Cash Credit facility in Installment Lending
e) None of the above

19. When was Reserve Bank of India Nationalized?
a) 1947
b) 1948
c) 1949
d) 1950
e) 1952

20. Which one of the following is the new sub-category of the commercial real estate sector (CRE) as per the latest RBI directive?
a) Residential projects
b) Commercial projects
c) Industrial projects
d) SEZ projects
e) None of the above

21. In India, the Chit funds are governed / Regulated by ___?
a) RBI
b) Central Government
c) State Governments
d) Local Bodies
e) State Finance Corporation

22. "The bank for a changing world" is the punch line of:
a) BNP Paribas
b) Scotia Bank
c) Royal Bank of Scotland
d) CITI Bank
e) American Express Bank

23. The RBI is also set to introduce a fifth Deputy Governor in the top management of the central
bank. The fifth Deputy Governor will be designated as ___
a) COO (Chief Operating Officer)
b) CFO
c) CEO
d) CAO
e) None of these

24. What is the RBI's model for rating of Indian banks?
a) CAMEL
b) CAMELS
c) CRISIL
d) CARE
e) None of these

25. Oriental Bank of Commerce was established in the year:
a) 1943
b) 1953
c) 1963
d) 1973
e) 1983

26. What is the Punch line of "ICICI Bank"?
a) World's Local Bank
b) We Understand Your World
c) Hum Haina …
d) Serving to Empower
e) Good people to grow with

27. Who is the CMD of Union Bank of India?
a) R. M. Malla
b) S. Raman
c) M D. Mallya
d) T. M. Bhasin
e) Arun Tiwari

28. Which among the following is correct full form of CAS in context with banking markets in India?
a) Cash Authorization Scheme
b) Credit Authorization Scheme
c) Credit Access System
d) Credit Arrangement System
e) Cash Accreditation Scheme

29. A medium term note (MTN) programme is issued to ___
a) Provide loans
b) Raise Funds
c) Sell Equity
d) Purchase shares
e) Any of the above

30. Which among the following regulate the commodity markets in India?
1) RBI
2) SEBI
3) Forward Market Commission
Choose the correct option from the codes given below:
a) Only 1 & 2
b) Only 2 & 3
c) Only 1 & 3
d) Only 3
e) None of the above

31. Which among the following is a major qualitative control measure used by RBI?
a) Bank Rate Policy
b) Open Market Operations
c) Ways and means advances
d) Reserve Ratio Requirements
e) Margin Requirements

32. Which of the following is known as plastic money?
a) Bearer cheques
b) Credit cards
c) Demand drafts
d) Gift cheques
e) None of these

ANSWERS:
1) c 2) d 3) e 4) b 5) c 6) b 7) c 8) d 9) a 10) c
11) c 12) a 13) d 14) c 15) e 16) a 17) c 18) c 19) c 20) a
21) c 22) a 23) a 24) b 25) a 26) c 27) e 28) b 29) b 30) d
31) e 32) b