Banking current affairs mcq 2021| current affairs mcq

 

MCQ in Banking


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1.RBI has extended RBIA system for housing finance companies. What does RBIA stand for?

[A] Reserve Bank of India Assessment
[B] Risk-based Internal Audit
[C] Reserve Bank of India Audit
[D] Reserve Bank of India Affiliation


2.Who is the chairperson of 15th Finance Commission?

[A] Raghuram Rajan
[B] N.K Singh
[C] D. Subbarao
[D] Y.V Reddy



3.Which bank was named in the first position in India in the Forbes’ World’s Best Banks 2021 list?

[A] Federal Bank
[B] ICICI Bank
[C] DBS
[D] HDFC Bank



4..A bank mentioned in the Second Schedule of the Reserve Bank of India Act is known as ?

[A] Co-operative Bank
[B] Small Finance Bank
[C] Scheduled Commercial Bank
[D] Foreign Bank operating in India




5.Who has been appointed as the first Chairperson of Reserve Bank Innovation Hub?

[A] Narayana Moorthy
[B] Azim Premji
[C] Ratan Tata
[D] Kris Gopalakrishnan


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6.The Union Cabinet has approved the merger of Lakshmi Vilas Bank with which institution?

[A] DBS India
[B] Clix Capital
[C] Muthoot Finance
[D] Indiabulls



7.Which organization has added a new feature in RuPay cards that will allow offline contactless transactions?

[A] RBI
[B] SEBI
[C] NPCI
[D] IBRDT




8.Which private sector bank sold its stake to Ageas Insurance, which led to the new brand named Ageas Federal Life Insurance?

[A] ICICI Bank
[B] Yes Bank
[C] IDBI Bank
[D] Axis Bank




9.What is the maximum balance that an individual customer can hold with payments banks?

[A] Rs 50000
[B] Rs 1 lakh
[C] Rs 2 lakhs
[D] Rs 5 lakhs




10.Recently, on which bank has RBI imposed a penalty of Rs 1 crore?

[A] Cooperatieve Rabobank UA
[B] Ahmednagar Merchant’s Cooperative Bank
[C] Mahila Vikas Co-operative Bank
[D] Durgapur Steel Peoples Cooperative Bank



11.Promoters of which company has been booked by CBI for fraud in PMAY scheme?

[A] Yes Bank
[B] India Bulls
[C] Lakshmi Vilas Bank
[D] DHFL



12.As per the recent guidelines of the RBI, what is the tenure for which the financial entities must appoint Statutory Auditors?

[A] One year
[B] Two years
[C] Three years
[D] Five years




13. Mastercard has partnered with which Fintech firm, to launch the Mandate HQ platform?

[A] Razorpay
[B] Instamojo
[C] Poicybazaar
[D] Pine Labs




14.What ratio is calculated as the amount of the dividend payable in a year to net profit of a company?

[A] Income Ratio
[B] Profit Ratio
[C] Dividend Ratio
[D] Payout Ratio




15.Which bank has become the first bank in the country to achieve the milestone of issuing 1 crore FASTags?

[A] Kotak Mahindra Bank
[B] Paytm Payments Bank
[C] Airtel Payments Bank
[D] IDFC Bank



Additional  MCQ related to banking


1. In which year, the first bank of India "Bank of Hindustan" was established?

a.1870   b. 1770   c.1795   d.1880


2.Which is the oldest Joint Stock bank of India?

Allahabad bank bank of baroda  patiala bank bank of india


3. The SBI has signed an agreement with which of the following agencies to obtain a guarantee cover to its loans to Micro and Small Enterprises?

a) Export Credit Guarantee Corporation   b) Credit Guarantee Trust    

c) Small Industrial Development Bank of India  d) Securities and Exchange Board of India


4.At which place East india company established its first Presidency bank

Madras    calcutta    bombay         surat


5.Who manages the registration and management activities of Urban co-operative banks in India

RBI     NABARD     RCS          None of the above


6.Original headquarters of RBI were located at

calcutta      bombay       madras      new delhi


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

1947              1948           1949            1950


8.The Royal Commission on Indian Currency and Finance was also known as

Hilton Young commission Hartog commission Muddiman committee butler commission


9. Which of the following is considered as the financial capital of India?

a) New Delhi  b) Kolkata    c) Bangalore  d)Mumbai


10.The National Commodity and Derivatives Exchange Limited (NCDEX) is located in which of the following cities?

a) Mumbai b) Kolkata c) Hyderabad d) Jaipur 


11.“Navratna Status” is awarded to which of the following organisations / units?

a) Those IITs/IIMs who are doing good research work

b) Defence production units/factories who are showing good profits

c) Any public sector manufacturing unit doing well and earning good profits

d) A public sector bank rated very high by the RBI in the area of customer service and recovery of NPAs


12.Financial year in banks is a period from

a) January to December b) May to June

c) April to March d) January to April


13.Which country Bank Pasargad belongs to

Iran germany russia sweden


14.Which country BNP Paribas bank belongs to

Netherlands canada france portugal


15.Which country Woori bank belongs to

South korea canada indonesia USA 


16.Fiscal Policy is concerned with which of the following?

a) Export and Import b) Public Revenue and Expenditure

c) Issue of Currency d) Population Control


17.Which of the following banks introduced a digital lending platform to provide paperless loans for retail customers?
a.Axis Bank b. Canara Bank    c. Bank of Baroda    d ICICI Bank


18.What is the minimum limit on the amount that could be transferred using NEFT??
a.50 Rs       b.20 Rs     c. 10 Rs    d. No minimum limit


19.The RBI has mandated that the Core Investment Companies (CICs) have only ________ layer(s).
a.One     b. Two   c.Three  dFour 


20.SBI Card has joined hands with which of the following entity to offer global benefits and exclusive privileges for consumers in India?
a. Mastercard  b. American Express  c, Visa    d. Discover Financial Services



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