Banking Awareness MCQ-1

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1)In which year Punjab National Bank was established ?
a) 1880
b) 1894
c) 1900
d) None of these

2)Regulatory Authority for Regional Rural Bank is of:
a) Sponsor Bank
b) State Government
c) RBI and NABARD
d) None of these

3)EBT stands for
a) Electronic Beginning Transaction
b) Electronic Benefit Transfer
c) Electric Belated Transfer
d) None of these

4)The instrument can not be presented for the payment in the Clearing House is:
a) Fixed Deposit Receipt
b) Dividends
c) Demand Drafts
d) None of these

5)Reserve Bank of India relies on data submitted by Banks and quality of data is of great importance.
In order to meet the need for correct and consistent data, RBI has initiated the project on ADF. What
is the full form of ADF?
a) Automated Data Flow
b) Automatic Document Feeder
c) Automatically Defined Function
d) Automatic Direction Finder

6)When the exchange rate is adjusted so that an identical good in two different countries has the same
price when expressed in the same currency. It is called______.
a) Purchasing Power Parity
b) Bank Rate
c) Wage Rate
d) Exchange Rate

7)ARDC stands for:
a) Agriculture Refinance and Development Corporation
b) Agriculture Research and Development Commission
c) Agriculture Research and Development Corporation
d) None of The Above

8)CSR stands for:
a) Customer Satisfaction Responsibility
b) Corporate Social Responsibility
c) Corporate Social Reforms
d) None of The Above

9)Which among the following is considered as 100% CSR company:
a) SDB (Small Development Banks)
b) NABARD
c) RRBs (Regional Rural Banks)
d) None of The Above

10)Insurance Repository is:
a) It is a facility to help policy holders.
b) It provides the facility, buy and keep insurance policies in electronic form rather than as a
paper document
c) Insurance repositories like share depositories or mutual fund transfer agencies will hold
electronic records of insurance policies issued to individuals and such policies are called
“electronic policies” or “e – policies”
d) All of The Above

 

Answers:
1)b
2)c
3)b
4)a
5)a
6)a
7)a
8)b
9)b
10)d