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Economics
Banking System
29

Banking System MCQ (GK Set-1) with Answers

29) Bank rate is decided by which of the following?

Reserve Bank of India

Government Of India

State Bank of India

Securities and Exchange Board of India

Answer is:

Reserve Bank of India

Banking System MCQ (GK Set-1) with Answers

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Related Banking System MCQ (GK Set-1) with Answers

30) With which of following types of loans are teaser rates related?

Home loans

Personal loans

Auto loans

Reverse mortgage loans

Answer is:

Home loans

31) What does M in M-Banking Facility being offered by banks to their customers, stand for?

Money

Marginal

Message

Mobile Phone

Answer is:

Mobile Phone

32) Which of the following is/are true about the Sub-Prime Crisis?

It is a mortgage crisis referring to credit default by the borrowers.

Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers

This crisis originated because of negligence in credit rating of the borrowers.

All 1, 2, and 3

Answer is:

All 1, 2, and 3

33) At which of the following cities is the Head Office of Reserve Bank of India located?

Mumbai

New Delhi

Kolkata

Dehradun

Answer is:

Mumbai

Banking System MCQ (GK Set-1) with Answers

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