Banking Awareness MCQs for SBI PO/Clerk 2018: 06 June

Banking Awareness MCQs for SBI PO/Clerk 2018: 06 June

Banking Awareness MCQs for SBI PO/Clerk 2018: 06 June 

1. Who among the following can file a suite against the drawer of a dishonoured cheque?
a) The payee
b) The holder in due course
c) The paying banker
d) The receiving banker
  1. Both (a) and (b)
  2. Both (a) and (c)
  3. (a), (b) and (c)
  4. All of the above
  5. None of the above
2. Several Indian Companies use FCCB as a tool to meet their capital requirement. What is the full form of FCCB?
  1. Foreign Currency and Credit Bon
  2. Frequent Credit Control Bond
  3. Foreign Credit Currency Bond
  4. Financial Credit and Cash Money Bond
  5. Foreign Currency Convertible Bond
3. Doing Business Report is published by- 
  1. World Trade Organisation
  2. International Monetary Fund
  3. Asian Development Bank
  4. World Bank
  5. UNCTAD
4. The holidays for the banks are declared as per which of the following acts?
  1. Banking Regulation Act, 1949
  2. Negotiable Instrument Act, 1881
  3. Companies Act, 2013
  4. RBI Act, 1934
  5. None of these
5. Which of the following types of Account/s doesn’t come under the purview of RBI?
a) Salary Account
b) Demat Account
c) NRO Account
d) FCNR Account
  1. Both (c) and (d)
  2. (b), (c) & (d)
  3. Only (b)
  4. Only (c)
  5. Only (d)
6. In India, Chit Funds are regulated by – 
  1. RBI
  2. Local Bodies
  3. RRB
  4. Government of India
  5. State Governments
7. National Income refers to – 
  1. money value of stocks and shares of a country during a year
  2. money value of goods and services in a country during a year
  3. money value of capital goods produced by a country during a year
  4. money value of consumer goods produced by a country during a year
  5. None of these  
8. What is the main role of Credit Bureau?
  1. Blacklisting borrowers with bad credit record
  2. Collects credit information on borrowers and supplies the information back to lenders
  3. gives credit assessment of borrowers
  4. dictates credit decisions of financial institutions.
  5. None of these
9. Dumping is a mean of Price Discrimination related to – 
  1. Bank Rates
  2. Industrial Trades
  3. International Trades
  4. Financial Market Trades
  5. None of these
10. Consider the given Statements about FEMA:
a) The Foreign Exchange Management Act (FEMA) became an act on the 1st day of June, 2002.
b) It replaced FERA.
c) It made all offenses regarding foreign exchange civil offenses, as opposed to criminal offenses as dictated by FERA.
Which of the following of the statements given above is/are true?
  1. Both (a) and (b)
  2. Both (b) and (c)
  3. Only (a)
  4. Only (b)
  5. All of the above 

Answers:

  1. 1
  2. 5
  3. 4
  4. 2
  5. 3
  6. 5
  7. 3
  8. 2
  9. 3
  10. 2
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