Banking & General Financial Awareness

Banking & General Financial Awareness Multiple Choice Questions (MCQs) and Answers with explanation for All Banking Exams of 2024-25 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations.

1. The most active segment of the Money Market in India is which one of the following?
[A] Call Money / Notice Money Market
[B] Repo / Reverse Repo
[C] Commercial Paper (CP)
[D] Certificate of Deposit (CD)

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2. Which was the first bank to open a branch on foreign soil?
[A] Bank of India
[B] State Bank of India
[C] Bank of Punjab
[D] Allahabad Bank

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3. UIDAI is a statutory authority formed under which of the following ?
[A] Niti Aayog
[B] Home Ministry
[C] Ministry of Communication and Information Technology
[D] Ministry of Statisctics and Programmme Implementation

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4. What is the full form of FERA?
[A] Foreign Exchange Regulation Act
[B] Foreign Exchange Regulation Agency
[C] Foreign Exchange Repulsive Agent
[D] Foreign Expert Regulation Act

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5. Personal Loans are also called as by which of the following names?
[A] Signature Loans
[B] Unsecured Loans
[C] Consumer Loans
[D] All of the Above

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6. Which of the following are the ways to repay the personal loan?
[A] Equated Monthly Installments via Cheques
[B] Electronic Clearing Services
[C] Cash
[D] Both a and b

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7. What is the full form of ELSS?
[A] Equity Linked Saving Scheme
[B] Equity Linking Saving System
[C] Equitable Linked Saving System
[D] None of the above

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8. What is the time period for a long term corporate loan?
[A] 3-15 Years
[B] 3-23 Years
[C] 3-30 Years
[D] Unlimited time period

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9. Which of the following acts regulates the underwriting process in India?
[A] RBI Act 1934
[B] Securities and Exchanges Board of India (Underwriters) Regulations, 1993.
[C] Securities and Exchange Board of India (Underwriters) (Amendment) Regulations, 2006
[D] Both b and c

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10. As per Section 31 of the RBI, who can issue and accept promissory notes that are payable on demand in India?
[A] RBI
[B] Central Government
[C] Both a and b
[D] None

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