GK Trick

MCQs for Banking exams, IBPS, SBI

1.Currency notes deposited in the currency chest are the property of ____?

A.Respective bank

B.RBI

C.SBI

D.Government of India


2.A fixed deposit receipt is kept with the bank for its safety, is known as ___?

A.Safe custody

B.Safe deposit

C.Locker

D.Valid safe deposit


3.Who among the following is the primary regulator of Banking business?

A.Reserve Bank of India

B.Central Government

C.State Government

D.Parliament


4.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 _______:

A.Undesirable persons

B.Artificial persons

C.Arrested persons

D.Convicted persons


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

A.Combating finance of terrorism

B.To check hawala transactions

C.To check the inflow of crime money

D.To check inflow of the money earned out of sale of narcotics

E.All the above












Solutions

1.B
2.A
3.A
4.A
5.E







5 Banking and SSC : MCQs for Banking exams, IBPS, SBI 1. Currency notes deposited in the currency chest are the property of ____? A. Respective bank B. RBI C. SBI D. Government of Indi...

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