banking gk Practice Question and Answer

Q:

The term ATM stands for which of the following? 

1157 0

  • 1
    Automatic teller machine
    Correct
    Wrong
  • 2
    Automated teller mechanism
    Correct
    Wrong
  • 3
    Automated teller machine
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Automatic teller machine "

Q:

MSME is defined under which act? 

1164 0

  • 1
    MSMED Act, 2006
    Correct
    Wrong
  • 2
    MSME Act, 2001
    Correct
    Wrong
  • 3
    MSMED Act, 1999
    Correct
    Wrong
  • 4
    MSME Act, 2004
    Correct
    Wrong
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Answer : 1. "MSMED Act, 2006 "

Q:

Credit Cards are a convenient substitute for which of the following?

7139 0

  • 1
    Cash
    Correct
    Wrong
  • 2
    Cheque
    Correct
    Wrong
  • 3
    Both 1 and 2
    Correct
    Wrong
  • 4
    None of The Above
    Correct
    Wrong
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Answer : 3. "Both 1 and 2 "

Q:

Who regulates the functioning of District Cooperative Banks in India? 

3192 0

  • 1
    State Government
    Correct
    Wrong
  • 2
    RBI
    Correct
    Wrong
  • 3
    State Cooperative Banks
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "RBI "

Q:

When was ICICI bank founded? 

2418 0

  • 1
    1991
    Correct
    Wrong
  • 2
    1992
    Correct
    Wrong
  • 3
    1993
    Correct
    Wrong
  • 4
    1994
    Correct
    Wrong
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Answer : 4. "1994"

Q:

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

4419 0

  • 1
    RBI
    Correct
    Wrong
  • 2
    State Government
    Correct
    Wrong
  • 3
    Central Government
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
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Answer : 1. "RBI "

Q:

What Street Name is used to refer to the RBI? 

4851 0

  • 1
    Reserve Street
    Correct
    Wrong
  • 2
    Credit Street
    Correct
    Wrong
  • 3
    Mint Street
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 3. "Mint Street "

Q:

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

1633 0

  • 1
    RBI Act 1934
    Correct
    Wrong
  • 2
    Securities and Exchanges Board of India (Underwriters) Regulations, 1993.
    Correct
    Wrong
  • 3
    Securities and Exchanges Board of India (Underwriters) Regulations, 2006.
    Correct
    Wrong
  • 4
    Both (B) and (C)
    Correct
    Wrong
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Answer : 4. "Both (B) and (C)"

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