Online GK Series

This site is dedicated to the aspirants of competitive exams SSC, UPSC, Railways, Postal Assistants, Bank, GATE and NET

Connect with Universities & Study Abroad Experts Instantly Connect Now

Multiple Choice Questions and Answers on Banking System and Capital Market

Questions
11 Banking functions centrally controlled by the :
A Central Bank
B RBI
C SBI
D Both [B] and [C]

Answer: Option [B]
12 The ratio between cash in hand and total assets maintained by the banks is called :
A SBR (Statutory Bank Ratio)
B SLR (Statutory Liquid Ratio)
C CBR (Central Bank Reserve)
D CLR (Central Liquid Reserve)

Answer: Option [B]
13 What is ‘Repo rate’?
A is the rate at which the RBI lends to State Government
B is the rate at which the International aid agencies lend to RBI
C is the rate at which the RBI lends to banks
D is the rate at which the banks lends to RBI

Answer: Option [C]
14 What is the apex organisation of Industrial Finance in India ?
A Industrial Finance Corporation
B Industrial Credit and Investment corporation of India
C Industrial Development Bank of India
D None of these

Answer: Option [C]
15 Which scheme is eligible for refinance from NABARD (National Bank for Agricultural and Rural Development) ?
A Small Road and Water Transport Operators (SRWTO)
B Self Employment Scheme for Exservicemen (SEMFEX)
C Soft Loan Assistance for Margin Money (SLAMM)
D All of these

Answer: Option [D]
16 Which of the following is called a ‘banker’s cheque’ ?
A Demand draft
B Debit card
C Pay order
D Banker's draft

Answer: Option [D]
17 The place where bankers meet and settle their mutual claims and accounts is known as :
A Treasury
B Clearing House
C Collecting Centre
D Dumping Ground

Answer: Option [B]
18 What is the ideal of designing Regional rural Banks ?
A Work on basics of commercial banks
B Help the targetted groups
C Keep lending rates lower than cooperative institutions
D Work on innovative and adaptive ideals

Answer: Option [B]
19 Identify the punishable offence by a Bank Account holder ?
A If a cheque is not crossed
B If a post dated cheque is issued
C If a cheque drawn by him is dishonoured for insufficiency of funds in his account
D Issuing a cheque without signature

Answer: Option [C]
20 What is a Cross cheque ?
A which can be encashed only by the drawee
B which can be encashed only through a bank
C which can be encashed only at the State Bank of India
D which can be encashed only after it has been transferred to another person

Answer: Option [B]

Chapters

Important EBooks for Competitive Exams

VIEW ALL