Banking Questions for Lakshmi Vilas Bank [TEST-5]

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Banking awareness questions

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Deposit Insurance Corporation (DIC) Bill was introduced in the Parliament on August 21, 1961. After it was passed by the Parliament, the Bill got the assent of the President on December 7, 1961, and the Deposit Insurance Act, 1961 came into force on January 01st-
A
1962
B
1975
C
1956
D
1949
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
RBL/Ratnakar Bank Limited is a scheduled commercial bank. Where is the Registered Office of RBL Bank Limited?
A
Nagpur
B
Kolhapur
C
Nashik
D
Pune
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
In which schedule are the scheduled banks of India listed in the RBI Act, 1934?
A
1st
B
2nd
C
3rd
D
4th
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The New Capital Adequacy Frame work prescribed for the banks is commonly known as?
A
KYC norms
B
Credit Policy
C
Basel accord
D
Fiscal Policy
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is Forex? [Punjab & Sindh 2011]
A
It is buying of foreign currency.
B
It is selling of foreign currency.
C
It is buying of one currency and selling of another currency.
D
It is simultaneous buying of one currency and selling of another currency.
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is/are objective(s) of our Monetary Policy?
  1. To anchor inflation expectations.
  2. To actively manage liquidity.
  3. To maintain interest rate regime consistent with price output and financial stability.
Select the correct answer using the codes given below
A
Only 1
B
Only 2
C
1 and 3
D
All of the above
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Reserve Bank to purchase government securities (G-secs) worth..... crore in September 2018, a move aimed at inducing liquidity in the system.
A
Rs 10, 000 crore
B
Rs 20, 000 crore
C
Rs 40, 000 crore
D
Rs 60, 000 crore
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following banks is limited to the needs of agriculture and rural finance?
A
RBI
B
SBI
C
IFC
D
NABARD
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Depreciation of an asset occurs due to
A
Fire in the unit
B
Theft
C
Labour Trouble
D
Wear and tear
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which is India's first Payment bank?
A
PayTM Payments Bank
B
JIO Payments Bank
C
Airtel Payments Bank
D
Fino Payments Bank
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