Banking Knowledge Capsule

Hello frndds here is another knowledge capsule ready for u . Grab it dear frndds...

1. MICR (Magnetic  Ink  Character  Recognition)  code  consist  of  ?
a)  11  character
b)  9 Character
c)  14  character
d)  12 character
e)  None  of  these

2.Which among  the  following  is  the  oldest  Public  Sector  Bank  of  India ..
a)  Punjab National  Bank
b)  Central  Bank  of  India
c) Allahabad  Bank
d)  Bank  of  Baroda
e)  State  Bank  of  India

3.. Name  the  5 cities  where  RBI  issued plastic  notes:
A) Kochi,Patna,Delhi,Ahmadabad  and Chennai
b)  Jaipur,Shimla,Delhi,Patna  and  Mimbai
c)  Mumbai,Shimla,Jaipur,Patna  and Chennai
d)  Jaipur,Shimla,Kochi,Mysore  and  Mumbai
e) Kochi,Mysore,Jaipur,Bhubhaneswar  and  Shimla

4.. Which country  issued first  purely  plastic notes..
a)  New  Zealand
b)  Mexico
c)  Singapore
d)  Fiji  and Canada
e) Australia

5) Rate  of  interest  is  determined by  : a)Commercial  Bank
b)  Public  Bank
c)  Private  Bank
d)  RBI
e)  None  of  these

6) India's  first  non bank  owned ATM  (White  Label  ATMs)  open in  ?
a)  Delhi
b)  Bihar
c)  Uttar  Pradesh
d) Maharashtra
e)  Gujarat

7. What  is  White  Label  ATM  ?
a)  Owned by  Bank
b)  Owned by  RBI
c)  Owned by  State
d)  Owned by  Center
e) None  of  these

8..India  s  largest  commercial  Bank  is  : 
a)  Bank  of  Baroda
b) State  Bank  of  India
c)  ICICI
d)  Punjab National  Bank
e)  Central  Bank  of  India

9.. A bank  account  which does  not  require  any  minimum  balance  is  termed as ..
a)  Nil  balance  account
b) Zero balance  account
c)  Frill  account
d)  No Frill  account
e)  None  of  these

10) Bank  deposits  that  can be  withdrawn without  notice  are  called  :
A).Demand  Deposits
b)  Fixed Deposits
c)  On Demand and  Time Deposits
d)  Basic  Savings  Deposits
e)  None  of  these

11). Contemporary  Currency  notes  have  ___  languages  on  the  panel  which  appear  on  the reverse  of  the  note
a)  14
b)  12
c)  16
d)  13
e) 15

12) Mutilated Notes  are  ?
a)Notes  which  are  in  pieces  and/or  of  which  the  essential  portions  are  missing
b)  Any  bank  note, which  is  wholly  or  partially, obliterated, shrunk
c)  Notes  which are  washed,  altered or  indecipherable
d)  Notes  which are  wholly  or  partially, obliterated, shrunk, washed,
e)  None  of  these

13) Minimum  Limit  for  sending  money  to  Nepal  through  NEFT  (National  Electronic Fund  Transfer)  in  a  single  day  ?
a)  10000
b)50000
c)  No limit
d)  200000
e)  None  of  these

14..National Stock Exchange islocated in:
a)Mumbai
b) Delhi
c) Kolkata
d) None of these

15..The market in which long term securities such as stocks and bonds are bought and sold is commonly known as:
a) Bullion Market
b)Capital Market
c) Bull Market
d) None of these

16..when aggregate supply is less than aggregate demand is then:
a) Deflation Occurs
b)Inflation Occurs
c) Stability Occurs
d) None of these

17..First Bank in India to launch EMI facility on debit cards:
a) SBI
b) Axis Bank
c)ICICI Bank
d) None of these

18..FMC stands for:
a)Forward Markets Commission
b) Financial Market Commission
c) Foreign Market Control
d) None of these

19.In MICR cheque, first six numbers indicates:
a) Branch Code and Location
b) City Location
c)Cheque Number
d) None of these

20..Assignment refers to:
a..Transfer of Interest from one party to another
b..Every Financially Transfer
c.. transfer of a loan from one party to another
d..None of these

21..Sugam scheme was launched for:
a) Big Corporate Houses
b)Small Tax Payers
c)Pensioners getting old age pension
d) None of these

22..The regulator of whole banking in India is:
a) Banking Planning Council
b) Banking Control Unit
c)RBI
d) none of these