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Banking Awareness Questions

3 years ago 22.1K Views
Q :  

When was the currency system in India converted into decimal system?

(A) 1st April 1949

(B) 1st April 1959

(C) 1st April 1957

(D) 1st April 1969

(E) None of these

Correct Answer : C

Q :  

If a cheque is presented for payment after six months from the date of the cheque it is called ______

(A) Bearer Cheque

(B) Order Cheque

(C) Open Cheque

(D) Stale Cheque

(E) Mutilated Cheque

Correct Answer : D

Q :  

The upper limit per UPI transaction is __________.

(A) 10000

(B) 20000

(C) 50000

(D) 1 lakh

(E) None of these

Correct Answer : D

Q :  

In which year National Electronic Fund Transfer started in India? 

(A) 2004

(B) 2002

(C) 2006

(D) 2005

Correct Answer : D

Q :  

Who has been given the power under the Banking Regulation Act 1949 to grant license to banks? 

(A) RBI

(B) State Government

(C) Central Government

(D) All of the above

Correct Answer : A

Q :  

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

Correct Answer : D

Q :  

Which of the following bank was fined 60 million rupees by RBI in June 2018?

(A) South Indian Bank

(B) Tamilnad Mercantile Bank Limited

(C) AP State Co-operative Bank

(D) Malleswaram Co-operative Bank Ltd

(E) Bardoli Nagarik Sahakari Bank Ltd

Correct Answer : B

Q :  

The sales process begins with

(A) customer identification

(B) lead generation

(C) sales presentation

(D) Sales closure

(E) sales meet

Correct Answer : A

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