Banking Awareness MCQ Multiple Choice Questions Answers | Quiz for Practice
Embark on an enlightening journey through the realm of Banking Awareness with our extensive collection of multiple-choice questions and answers. Whether you're a banking professional aiming to stay updated with industry trends, a student preparing for banking exams, or an individual seeking to enhance financial literacy, our repository offers invaluable insights. Explore topics such as banking regulations, financial products, banking operations, monetary policy, and digital banking. Each multiple-choice question is meticulously crafted to challenge your understanding and stimulate critical thinking about the intricacies of the banking sector. From understanding the role of central banks to analyzing banking technology and innovations, our MCQs provide a comprehensive exploration of all facets of Banking Awareness. Start exploring today to deepen your knowledge and stay informed in the ever-evolving landscape of banking!
Banking Awareness MCQ Questions for Practice
1. Who is the present Chairman of State Bank of India?
Correct Answer is: Chanda Kochar
2. Who is the present Governor of RBI?
Correct Answer is: Montek Singh Ahluwalia
3. We should keep our savings with banks because
Correct Answer is: Can be withdrawn anytime
4. Bank does not give loan against
Correct Answer is: NSC
5. ..............are not covered under PMJDY Life Insurance Scheme of Rs.30,000/-
Correct Answer is: Aam Aadmi Bima Yojana beneficiaries
6. 100/- Rupee note is signed by
Correct Answer is: None of above
7. Aadhaar is
Correct Answer is: None of above
8. Account payee cheques can be paid
Correct Answer is: None of above
9. ATM can be used for
Correct Answer is: Statement of account
10. ATM means
Correct Answer is: None of above
11. ATM password should be kept in
Correct Answer is: All of above
12. ATM password to be shared only with
Correct Answer is: Obedient daughter
13. Bank charges interest on
Correct Answer is: None of above
14. Bank does not provide loans for
Correct Answer is: Home loans
15. Bank draft is issued by
Correct Answer is: Public Sector Banks
16. Bank having maximum number of branches in India
Correct Answer is: Bank of Baroda
17. Bank Pass Book is
Correct Answer is: Shows balance in account
18. Bank provides loans for
Correct Answer is: Education
19. Banks pays interest on
Correct Answer is: None of above
20. Business Correspondent means
Correct Answer is: None of above
21. Can illiterate person be issued Debit card?
Correct Answer is: Only in case he is head of family
22. Coins are issued by
Correct Answer is: State Bank of India
23. Contents of locker are
Correct Answer is: None of above
24. Currency notes are issued by
Correct Answer is: Central Government
25. Defaulter of loan means
Correct Answer is: None of above
26. E or S means
Correct Answer is: None of above
27. Education Loans
Correct Answer is: Granted for studies in India & abroad
28. Fixed Deposit can
Correct Answer is: All of above
29. General Insurance relates to insurance against
Correct Answer is: Burglary
30. Gold and silver ornaments should be kept in bank lockers
