Banking Awareness MCQ-2


1)The Headquarter of SIDBI is located at:
a) Lucknow
b) New Delhi
c) Mumbai
d) None of The Above

2)_____was the first country to borrow from IMF:
a) France
b) India
c) Germany
d) None of The Above

3)National Housing Bank is wholly owned by _____, which contributed the entire paid-up capital:
a) Securities and Exchange Board of India
b) Reserve Bank of India
c) State Bank of India
d) None of The Above

4)Credit Cardholders normally must pay for credit card purchases within _____days of purchase:
a) 30 days
b) 15 days
c) 45 Days
d) None of The Above

5)Which among the following is correct about the Grace Period:
a) the time in which cardholders has to pay the balance before interest is assessed on the
outstanding balance
b) Grace period may vary, but usually range from 20 to 55 days depending on the type of credit
card and the issuing bank
c) All of The Above
d) None of The Above

6)NPCI stands for:
a) National Commission for Payment Information
b) National Payment Corporation of India
c) National Payment Commission of India
d) None of The Above

7)Fiscal Sustainability is essential to:
a) Motivate both public and private sector to grow
b) Allows governments to be autonomous to witness excellent economic growth in the long run.
c) Consider both revenue collections and potential variation in expenditure patterns so that
demand may be fulfilled in the long run.
d) All of the Above

8)FRBM stands for:
a) Fiscal Revenue Budget Management
b) Fiscal Responsibility and Budget Management
c) Fiscal Reforms and Budget Management
d) None of These

9)_______are on going expenditure not covered under the 5 – year plans:
a) Plan Expenditure
b) Non Plan Expenditure
c) Both of Above
d) None of These

10)Which among the following definitions are correct:
a) Online ATMS – These ATMs are connected to the bank’s database at all times and provide real
time transactions online. The withdrawal limits and account balances are constantly monitored
by the bank.
b) Offline ATMs – These ATMs are not connected to bank’s database hence they have a
predefined withdrawal limit fixed and you can withdraw that amount irrespective of the balance
in your account.
c) Both of the Above
d) None of These