Banking: General Awareness MCQ Practice

• Topic: Banking
• Number of Questions: 10
• Target: SBI PO, SBI Clerk, RBI Assistant, IBPS PO, IBPS Clerk, SSC CGL, SSC GD, SSC CPO, SSC MTS, SSC CHSL, Railways, etc.

Let’s Start

1. In Which year Punjab National Bank was established?

1. 1880
2. 1887
3. 1894
4. 1900
5. None of these

2. What is the full form of ‘CORE’ in core banking services?

1. Channel of Rupee Exchange.
2. Customer Online Realtime Exchange.
3. Centralized Online Rupee Exchange.
4. Centralized Online Realtime Exchange.
5. Customer Online Rupee Exchange.

3. Consider the following statements about Multidimensional Poverty Index (MPI)

1. MPI focuses on education, health & living standard as a supplement to the income-based measure of poverty.
2. Indian ranks 63rd in MPI based poverty ranking among 104 developing countries.
3. Bihar is the second poorest state in India on the basis of MPI based poverty ranking.

Which of the above statements is/are true?

1. Only 1 & 2.
2. Only 2 & 3.
3. Only 1 & 3.
4. All 1,2 & 3.
5. None of these.

4. What is the upper limit of RTGS transactions in India?

1. No limit
2. Rs. 10 lacs
3. Rs. 50 lacs
4. Rs. 20 lacs
5. Rs. 40 lacs

5. Open unemployment refers to people-

1. Who are not willing to work
2. Who are willing but do not get work.
3. Who leave their jobs in search of better jobs.
4. Who has been dismissed because of corrupt practices
5. None of These.

6. ‘Open Market Operation’ is a part of-

1. Income Policy
2. Fiscal Policy
3. Credit Policy
4. Labour Policy
5. None of these

7. SDR, the currency of the IMF, is in the form of-

1. Paper Currency
2. Gold
3. Silver and Gold both
4. Book Keeping entry only
5. None of these

8. Which of the statements given below is/are incorrect?

1. United Stock Exchange is the fourth country-level exchange of India.
2. It is headquartered in Mumbai.
3. It will trade in six foreign currency derivatives.

1. Only 1 & 2
2. Only 2 & 3
3. Only 1 & 3
4. Only 2
5. Only 3

9. In India, National income is estimated by?

1. Planning Commission
2. Indian Statistical Institute
3. Central Statistical Office
4. National Sample Survey Organisation
5. None of These

10. Hindu Rate of Growth refers to the rate of growth of-

1. GDP
2. Population
3. Foodgrains
4. Per Capita income
5. None of these