Banking Awareness – 2020 for IBPS, RBI, SBI, NABARD and other Bank Examinations

Welcome to GKToday’s Banking Awareness Section. This section shows 100 random questions from GKToday’s Banking Awareness MCQs.

A chapterwise course of all the 925 questions divided into 88 Chapters in Banking Awareness is Available in GKToday’s Academy app for android mobiles.
11. What is the full form of CARE ratings and when it was established?

[A] Credit Analysis and Research Limited,1993
[B] Credit Analysis and Research Establishment,1992
[C] Credit Arrangement and Research Enterprises,1996
[D] None of the Above

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12. What is the full form of VCT?

[A] Venture Capital Trusts
[B] Venture Capital Trading
[C] Value Capital Trading
[D] Value Capital Trusts

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13. Which of the following clearly defines venture capital?

[A] It is a fund provided to industries at times of incurring losses.
[B] It is a long-term start-up capital provided to new entrepreneurs.
[C] It is a fund provided for renovation of industries.
[D] It is a short-term capital.

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14. What are the Pre-Payment charges applied on paying personal loan before tenure period.

[A] 10% of the Principal
[B] 5% of the Principal
[C] 1-2% of the Principal
[D] 7% of the Principal

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15. Which of the following funds is basically an index fund which trades like a closed-end fund?

[A] Open-end fund
[B] Money market fund
[C] Mutual fund
[D] Exchange-traded fund

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16. Which of the following company started the first Factoring business service in India?

[A] SBI Factors and Commercials Limited
[B] IFCI Factors Limited
[C] Siemens Factoring Private Limited
[D] Canbank Factors Limited

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17. What is full form of RXIL?

[A] Receivable Experience of India Limited
[B] Reserve Exchange of India Limited
[C] Receivable Exchange of India Limited
[D] Reserve Exchange of India Location

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18. Which of the following clearly defines Price Checking?

[A] A prospect calls on the phone and ask for your rental rates.
[B] A supervisor checks your knowledge of rental rates.
[C] Both a and b
[D] None of the Above

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19. Which section of RBI Act states that the RBI has the exclusive rights to issue currency notes in India?

[A] 17
[B] 19
[C] 21
[D] 22

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20. 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

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