Banking System MCQ (GK Set-1) with Answers

Banking System MCQ (GK Set-1) with Answers

171) Which of the following is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications and is an Indian standard similar to SWIFT?

Answer is:

SFMS

172) Which of the following is NOT a retail banking product?

Answer is:

Working capital finance

173) Which of the following is NOT a money market instrument?

Answer is:

Debentures

174) The soon to be set up proposed Micro Units Development Refinance Agency (Mudra) Bank will be first set up as a subsidiary of the

Answer is:

SIDBI

175) Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks?

Answer is:

SBI