Banking Multiple Choice Questions

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Banking Multiple Choice Questions
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Banking Multiple Choice Questions

Sample Question


1. What is a Repo Rate?

(A) It is a rate at which RBI sell government securities to banks
(B) It is a rate at which banks borrow rupees from RBI
(C) It is a rate at which RBI allows small loans in the market
(D) It is a rate which is offered by Banks to their most valued customers or prime customers
(E) None of these

Ans : (B)

2. In economics it is generally believed that the main objective of a Public Sector Financial Company like Bank is to:

(A) Employ more and more people 
(B) Maximize total profits
(C) Maximize total production
(D) Provide financial service to the people of the nation of its origin across the country
(E) Sell the goods at subsidized cost

Ans : (D)

3. Which of the following cannot be called as a Debt Instrument as referred in financial transactions?

(A) Certificate of Deposits (B) Bonds
(C) Stocks (D) Commercial Papers
(E) Loans

Ans :(C)

4. The government formed the panel after many ex-servicemen returned their medals to protest the rejection of their ‘one rank one pension’ demand. Who is heading this panel?

(A) K.M. Chandrasekhar (B) R Balakrishanan
(C) B S Padmanabham (D) T. Raja Shekhar
(E) R Balu

Ans :(A)

5. Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate  which of the following?

(A) Inflation only (B) liquidity in economy
(C) Borrowing powers of the banks (D) Flow of Foreign Direct Investments
(E) None of these

Ans : (B)

6. The maximum amount of the total Revenue earned by the government of India comes from:

(A) Income Tax (B) Customs Duty
(C) Excise Duty (D) Value Added Tax
(E) Corporate Tax

Ans: ( c )

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Aspirants Notes Exam Prep: Banking, IAS, SSC, TNPSC, RRB, Entrance Exam: Banking Multiple Choice Questions
Banking Multiple Choice Questions
Banking Multiple Choice Questions
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Aspirants Notes Exam Prep: Banking, IAS, SSC, TNPSC, RRB, Entrance Exam
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