Banking MCQ Questions With Answers
41. In banking sector, Financial Resolution Authority deals with____
- A) Resolution of distressed banks and financial institutions
- B) Regulation of insurance companies
- C) Supervision of stock exchanges
- D) Monitoring of government expenditure
A) Resolution of distressed banks and financial institutions
Explanation: The Financial Resolution Authority deals with the resolution of distressed banks and financial institutions.
42. Where is the headquarters of European Bank for Reconstruction and Development located?
- A) Paris
- B) London
- C) Berlin
- D) Brussels
B) London
Explanation: The European Bank for Reconstruction and Development (EBRD) is headquartered in London.
43. Under a contractionary money policy the RBI raises the interest rates to __
- A) Increase inflation
- B) Decrease inflation
- C) Increase employment
- D) Decrease unemployment
B) Decrease inflation
Explanation: Under a contractionary monetary policy, the RBI raises interest rates to decrease inflation.
44. What is the minimum age required by a person to open a bank account in individual capacity?
- A) 10 years
- B) 12 years
- C) 16 years
- D) 18 years
A) 10 years
Explanation: In India, individuals as young as 10 years can open a bank account with certain restrictions.
45. What is the minimum amount of investment in a treasury bill issued by Reserve Bank of India on behalf of the government of India?
- A) ₹10,000
- B) ₹20,000
- C) ₹25,000
- D) ₹50,000
C) ₹25,000
Explanation: The minimum amount of investment in a treasury bill issued by the Reserve Bank of India is ₹25,000.
46. A cheque bearing the date earlier than the date of submission to the bank is known as __
- A) Ante-dated cheque
- B) Post-dated cheque
- C) Stale cheque
- D) Dishonored cheque
A) Ante-dated cheque
Explanation: An ante-dated cheque is one that is dated earlier than the date it is presented to the bank.
47. One-rupee currency note bears the signature of ___
- A) Governor of RBI
- B) Finance Secretary
- C) President of India
- D) Prime Minister of India
B) Finance Secretary
Explanation: One-rupee currency notes in India bear the signature of the Finance Secretary.
48. A bond issued at a price less than its face value and payable on its due date at its face value bearing no ROI (Rate of interest) is called ________
- A) Zero-coupon bond
- B) Floating-rate bond
- C) Convertible bond
- D) Perpetual bond
A) Zero-coupon bond
Explanation: A zero-coupon bond is issued at a discount and repaid at face value without periodic interest payments.
49. Recently, India has decided to introduce plastic currency notes. A number of other countries are already using plastic notes, but the pioneer in this field is ________
- A) USA
- B) UK
- C) Australia
- D) Canada
C) Australia
Explanation: Australia was the first country to introduce polymer (plastic) currency notes.
50. Who inaugurated the Bhartiya Mahila Bank?
- A) Pranab Mukherjee
- B) Narendra Modi
- C) Manmohan Singh
- D) P. Chidambaram
C) Manmohan Singh
Explanation: The Bhartiya Mahila Bank was inaugurated by then Prime Minister Manmohan Singh.
