Important Banking Awareness Questions - Answer MCQs Part - 1

Important Banking Awareness Questions - Answer MCQs Part - 1

This Question will be of immense help for the upcoming RBI Assistant Main, SBI Clerk Main, SEBI and NABARD Grade A Mains and other exams. General Awareness section can prove to be your saviour for the bank Exams keeping in mind the increasing difficulty level and the constantly changing pattern of all other sections.

1.The Vedic word Kusidin refers to _?

[A] A banker
[B] An usurer
[C] A farmer
[D] A trader

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2.In which year, Nationalization of Reserve Bank of India was done?

[A] 1947
[B] 1948
[C] 1949
[D] 1950

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3.Which of the following documents are considered as officially valid documents for the proof of identity?

[A] Driving Licence card
[B] MNREGA Job Card
[C] Aadhar Card
[D] All of the above

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4.CRILC (Central Repository of Information on Large Credits) is a borrower level supervisory dataset that keeps records of loan of__?

[A] 5 Crore and above
[B] 5.2 Crore and above
[C] 6 Crore and above
[D] 8 Crore and above

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5.What is the full form of FEMA?

[A] Foreign Exchange Management Act
[B] Foreign Exchange Management Agency
[C] Foreign Emergency Managing agent
[D] Foreign Exchange Management Agency

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6.Liberalized Exchange Rate Management System (LERMS) involving dual exchange rate mechanism was instituted on the recommendations of a high level committee. Who was the head of this committee?

[A] Dr. C. Rangarajan
[B] Urjit Patel
[C] Nandan Nilekani
[D] None of the Above

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

[A] June 1,1993
[B] March1,1993
[C] April1,1993
[D] July 1,1993

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8.Which of the following is the biggest contributor to the Foreign Reserve of India?

[A] Gold
[B] Foreign Assets
[C] SDR
[D] Reserve Tranche with IMF

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9.How many Credit Rating Agencies are there in India?

[A] 3
[B] 6
[C] 7
[D] 9

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10.Which Credit Rating Agency is the largest in the World?

[A] Moody’s Investors Service and Standard & Poor’s
[B] Fitch Ratings
[C] CRISIL
[D] ICRA

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11.What is the full form of LRS?

[A] Liberalized Remittance Scheme
[B] Liberalized Refundable Scheme
[C] Liberalized Reliving Scheme
[D] None of the above

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

[A] CRISIL
[B] SMERA
[C] ICRA
[D] CIBIL

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13.Credit Rating Agencies denote the rating score by which of the following symbols?

[A] Simple Alphanumeric Symbols
[B] Special Symbols
[C] Numerical
[D] None of the above

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14.Venture capital was originated in which of the following countries?

[A] India
[B] Britain
[C] France
[D] USA

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15.Which of the following exactly define the meaning of Mezzanine Financing?

[A] It is a hybrid of debt and equity financing.
[B] It is the highest-risk form of debt, but it offers some of the highest returns.
[C] It allows companies with less collateral to secure funding for growth.
[D] All of the Above

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

[A] Bhatt Committee
[B] Gadgil Committee
[C] Urjit Patel Committee
[D] None of the Above

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

[A] SEBI
[B] RBI
[C] ICICI
[D] CIBIL

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18.The first introduction of Mutual Funds in India occurred in which of the following years?

[A] 1964
[B] 1963
[C] 1987
[D] 1999

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19.Which of the following best define an open-funded mutual fund?

[A] It has an option to invest in any kind of security.
[B] It has units available for sale and repurchase at all times.
[C] It does not have a NAV.
[D] It has fixed fund size.

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20.Which of the following include the primary structure of the Mutual Funds?

[A] Open-end funds
[B] Unit Investment Trusts
[C] Exchange traded Funds
[D] All of the Above

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