Banking Awareness MCQs for RRB PO/Clerk Mains 2018: 12 September

Banking Awareness MCQs for RRB PO/Clerk Mains 2018: 12 September

1. Relation between price of a product and its demand is –

1. Direct 
2. Indirect 
3. Inverse 
4. Positive
5. None of these

2. Which of the following statement(s) defines the term ‘Disinflation’?

A) Decrease in the price of goods and services.
B) Slowdown in the rate of increase of prices of goods and services.C) Higher supply of goods and services but not enough supply of money. 

1. Only (A) 
2. Only (B)
3. Only (C)
4. Both (A) and (B) 
5. Both (A) and (C)

3. The headquarter of CITI Union Bank is in –

1. Mumbai
2. Chennai
3. Kolkata
4. New Delhi
5. None of these

4. Narrow Money includes – 

A) Coins and notes in circulationB) Money equivalentsC) Short term deposits in banks 

1. Only (A) 
2. Only (B)
3. Only (C)
4. Both (A) and (B) 
5. Both (A) and (C)

5. RBI has made two factor authentication mandatory for online payments above ________.

1. 1000
2. 2000
3. 5000
4. 10000
5. 100000

6. In Union Budget 2018-2019, the central government will provided how much percentage of the wages to the new employees in EPF for all the sectors for next three years?

1. 10%
2. 12%
3. 15%
4. 18%
5. 20%

7. NBFCs can accept the public deposits for the minimum time of –

1. 3 Months 
2. 6 Months
3. 12 Months
4. 24 Months
5. 60 Months

8. SEAC Committee, set up by RBI to evaluate license of Universal Bank in Private Sector. What does ‘A’ stand for in the term ‘SEAC’?

1. Authority
2. Application
3. Advisory
4. Additional
5. Advance

9. According to Section 20(1) of The Banking Regulation Act, 1949, a bank can’t sanction any loan or advances on the security of – 

1. Bank’s own Share
2. Government Bonds
3. Post Office Deposits
4. Private Company Share
5. None of these

10. The CSR provision requires affected companies to spend at least how much percent of their average net profits made in the preceding three years on CSR?

1. 1%
2. 2%
3. 3%
4. 4%
5. 5%

Answers:

1. 3
2. 2
3. 5; Kumbakonam, Tamilnadu
4. 4
5. 2
6. 2
7. 3
8. 3
9. 1
10. 2