General Banking Awareness - MCQs with answers - Part IV
1. Which is the largest bank in the world?a) BNP Paribas
b) China Construction Bank Corporation
c) HSBC Holdings
d) Industrial & Commercial Bank of China
View Answer / Hide AnswerANSWER: d) Industrial & Commercial Bank of China
Industrial and Commercial Bank of China Ltd. is the largest bank in the world by total assets. It was founded on January 1, 1984.
a) Net Interest Margin
b) Net Involvement Margin
c) Net Involution Margin
d) None
View Answer / Hide AnswerANSWER: a) Net Interest Margin
Net Interest Margin (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders.
a) Money Transfer Service Scheme
b) Medium Transfer Service Scheme
c) Moderate Transfer Service Scheme
d) Money Transfer Service Strategy
View Answer / Hide AnswerANSWER: a) Money Transfer Service Scheme
Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India.
a) MICR
b) OCR
c) OMR
d) None
View Answer / Hide AnswerANSWER: a) MICR
The Magnetic Ink Character Recognition (MICR) line is at the bottom of cheques.
a) Call Verification Value
b) Card Verification Value
c) Credit Verification Value
d) None
View Answer / Hide AnswerANSWER: b) Card Verification Value
It is a security feature for payment card transactions. It reduce the credit card fraud.
a) Belgium
b) France
c) Germany
d) Switzerland
View Answer / Hide AnswerANSWER: d) Switzerland
The Bank of International Settlement (BIS) was established on May 17, 1930.
a) India's International Bank
b) Relationships beyond banking
c) One Family One Bank
d) We understand your world
View Answer / Hide AnswerANSWER: d) We understand your world
HDFC Bank Ltd. is headquartered in Mumbai.
a) HDFC Bank
b) HSBC
c) ICICI Bank
d) IDBI Bank
View Answer / Hide AnswerANSWER: c) ICICI Bank
It is a savings account that can be opened and operated by minors above 10 years of age.
a) Parthasarathi Shome
b) B. Shivaraman Committee
c) Suma Verma Committee
d) Shri Raghuram Rajan Committee
View Answer / Hide AnswerANSWER: c) Suma Verma Committee
The Reserve Bank of India set up a working group to update the Banking Ombudsman Scheme, 2006.
a) Central Depository Services Limited
b) Cardinal Depository Services Limited
c) Central Depository Securities Limited
d) None
View Answer / Hide AnswerANSWER: a) Central Depository Services Limited
Central Depository Services Limited (CDSL) is promoted by Bombay Stock Exchange Limited.
a) 10
b) 11
c) 12
d) 13
View Answer / Hide AnswerANSWER: b) 11
The Indian Financial System Code (IFSC) is a 11 character code for identifying the bank and branch which an account is held. The IFSC code is used by the NEFT, RTGS and IMPS finance transfer systems.
a) District Industries Centre and Government College
b) Department of Insurance in Central Govt. Company
c) Deposit Insurance and Credit Guarantee Corporation
d) Deputy Inspector & Commissioner General for Commodities Trading
View Answer / Hide AnswerANSWER: c) Deposit Insurance and Credit Guarantee Corporation
DICGC insurance cover is headed by Central Government.
a) Pure Banking Nothing Else
b) You can always bank on us
c) Working for a better tomorrow
d) Experience Next Generation Banking
View Answer / Hide AnswerANSWER: a) Pure Banking Nothing Else
Government of India owned the Imperial Bank of India in 1955 and renamed it the State Bank of India.
a) MSF
b) Repo rate
c) Reverse repo
d) Bank rate
View Answer / Hide AnswerANSWER: a) MSF
Marginal Standing Facility (MSF) has been introduced by RBI with the main aim of reducing volatility in the overnight lending rates in the inter-bank market and to enable smooth monetary transmission in the financial system.
