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Banking Awareness MCQs Part1

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1. The Vedic word Kusidin refers to _?




2. What was the initial share capital of Reserve Bank of India?




3. How many Aadhaar Enrolment and Update Centres in total are there in India?




4. Which of the following are among the Credit Bureaus present in India?




5. Which of the following correctly define the Foreign Exchange (Forex) Market?




6. What is the full form of MDER?




7. Liberalized Exchange Rate Management System (LERMS) is effective from which of the following dates?




8. Which of the following is India’s first Credit Information Company?




9. What is the full form of CRISIL?




10. Who is the CEO of the CRISIL?




11. The need for Venture Capital Financing was highlighted by which of the following committee in India?




12. Which type of Fund is required to be listed on Stock Exchange?




13. Which of the following organizations is the Mutual Fund market regulator in India?




14. What is the full form of NAV?




15. Which of the following funds is basically an index fund which trades like a closed-end fund?




16. HFC stands for which of the following?




17. Which of the following acts regulates the underwriting process in India?




18. Who was the head of review committee on underwriting rules and regulation ?




19. In which year the Royal Commission on Indian Currency and Finance recommended the creation of a central bank for India?




20. Which section of RBI Act states that the RBI has the exclusive rights to issue currency notes in India?




21. Which section of RBI is not correctly matched?




22. What is Section 7 of the RBI Act 1934?




23. Which of the following entities are not covered under the Banking Regulation Act 1949?




24. How many banks were Nationalised in 1969 under the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969?




25. When was the Banking Ombudsman scheme first introduced in India?




26. What was the target set by Narasimham-II Committee for the capital adequacy ratio of the banks by the year 2000?




27. When was National Investment and Infrastructure Fund created?




28. In which year Reserve Bank of India introduced cheque truncation system?




29. What is the banking, where all banking operations are online, known as?




30. What is the banking known as when a group of persons come together to own and control three or more independently chartered banks?




31. Which is the 3rd largest foreign bank of India in terms of branches?




32. Where was the first society under Cooperative Societies Act 1904 registered in India?




33. Which nationalised bank sponsored the Prathama Bank?




34. Which is the smallest Local Area Bank in India?




35. When were the Local Area Banks were set up first in India?




36. Which of these accounts can be opened in a Payment Bank?




37. Which of these entities surrendered their Payments Bank license?




38. Which of the following activities can be undertaken by a Business Correspondent?




39. What is meant by Open Market Operations?




40. What is meant by KYC?




41. When was the Banking correspondent scheme launched by RBI?




42. Till when the RBI served as the central bank of Pakistan?




43. When was the decimalization of the coinage done in India?




44. Which of these facilities is given by RBI to the banks for inter-bank transactions?




45. Why do banks borrow money in the call money market?