Banking System MCQ (GK Set-1) with Answers

Banking System MCQ (GK Set-1) with Answers

151) 1. Who among the following is the primary regulator of Banking business?

Answer is:

Reserve Bank of India

152) The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of _______:

Answer is:

Undesirable persons

153) Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:

Answer is:

All the above

154) Acceptance of deposits by non - banking financial companies is regulated by RBI under:

Non - banking financial companies acceptance of public deposits (Revenue Bank) directions 1998

Non - banking financial companies acceptance of government deposits (Revenue Bank) directions, 1998

Non - banking financial companies acceptance of public deposits (Revenue Bank) directions, 1998

Non- banking financial companies acceptance of deposits money lenders (Revenue Bank) directions, 1998

Answer is:

Non - banking financial companies acceptance of public deposits (Revenue Bank) directions 1998

155) If a company, which is not a non - banking financial company wants to collect public deposits, it is governed by ___ Act:

Answer is:

Companies Act 1956

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