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This set of Basics of Banking and Insurance Multiple Choice Questions & Answers (MCQs) focuses on Basics Of Banking And Insurance Set 5
Q1 | In banking sector, KYC stands for
- kid and young customers
- know youth creditors
- know your customers
- know your cash requirements.
Q2 | The process of replacing physical cheque with electronic cheque is..........
- demat
- remat
- truncation
- securitisation
Q3 | The Securitisation and Reconstruction of Financial Assets and Enforcement of SecurityInterest Act (SARFASIA) came into effect on.............
- jan 2002
- june 2002
- may 2000
- april 2001
Q4 | Commission recommended for the formation of RBI is
- narasimham commission
- tandem commission
- hil ton young commission
- none of these.
Q5 | Dues made by debtors are...............
- npa
- nps
- crr
- plr
Q6 | ---------- represents the rate at which the central bank absorbs liquidity from thebanks
- repo
- crr
- plr
- reverse repo
Q7 | The first foreign bank which introduced merchant bank in India is
- grindlays bank
- hsbc
- city bank
- ceylon bank
Q8 | The first Indian public sector bank which introduced its own merchant bankdivision in India
- canara bank
- pnb
- sbi
- syndicate bank
Q9 | Which of the following is quantitative measure of credit control of RBI
- direct action
- moral suasion
- open market operation
- margin requirement
Q10 | Banking Regulation Act passed in the year
- 1969
- 1934
- 1949
- 1956
Q11 | The first development bank in India is
- idbi
- ifci
- icici
- sidbi
Q12 | ICICI was established in the year
- 1980
- 1948
- 1955
- 1964
Q13 | SIDBI was established as a wholly owned subsidiary of..........
- ifci
- sfc
- idbi
- rbi
Q14 | The apex development bank in India is
- ifci
- idbi
- sidbi
- rbi
Q15 | The apex financial institution in India is
- ifci
- idbi
- nabard
- rbi
Q16 | ATM stands for...........
- any time money
- automatic teller machine
- automated teller machine
- automatic transfer money
Q17 | Central Land Mortgage Bank was started in Madras in
- 1920
- 1921
- 1922
- 1929
Q18 | Central Co-operative banks are organised at........... level
- taluk
- district
- state
- national
Q19 | Head quarters of RBI is
- new delhi
- mumbai
- calcutta
- nasik
Q20 | Head quarters of NABARD is
- new delhi
- mumbai
- calcutta
- nasik
Q21 | Area of operation of RRB comprises of
- one or more district
- a state
- two or more states
- taluk
Q22 | Chairman of NABARD is appointed by
- upsc
- ssc
- rbi
- central govt.
Q23 | LAB stands for......
- lead area bank
- local area bank
- lending and borrowing
- leading and banking
Q24 | Largest bank in the world (asset wise) is.......
- bnp paribus
- sbi
- german bank
- british bank of middle east
Q25 | Largest bank in the world in branches is.......
- bnp paribus
- sbi
- german bank
- hsbc