Banking System and Capital Market MCQ Question with Answer

Banking System and Capital Market MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

Question No : 22
Which one of the following Public Sector banks' emblem figures a dog and the words 'faithful, friendly' in it ? [CDS 2010]

Punjab National Bank

Syndicate Bank

Oriental Bank of Commerce

State Bank of India

Question No : 23
To prevent recurrence of scams in Indian Capital Market, the Government has assigned regulatory powers to: [IAS 1995]

RBI

SBI

SEBI

ICICI

Question No : 24
The largest Public Sector Bank in India is: [CDS 1991]

Central Bank

State Bank of India

Punjab National Bank

Indian Overseas Bank

Question No : 25
Which two of the following nationalized banks have been merged as per the recommendation of the Narsimhan Committee? [NDA 1995]

New Bank of India and Bank of India

Central Bank of India and Corporation Bank

Parur Bank of India and Bank of India

Punjab National Bank and New Bank of India

Question No : 26
Which of the following best defines the term 'Letter of Credit' as used frequently in bank transactions? [SBI PO 1991]

An order from a bank to another bank abroad authorising the payment of a particular amount to a person named in the letter

An unconditional undertaking given by a bank ensuring the payment of a particular amount to the drawee at a given date

Letter by a bank to a person stating the terms and conditions of the loan sanctioned to him by the bank

Statement showing outstanding- deposits and credits of a bank for a particular period

Question No : 27
The central banking functions in India are performed by the: [CPO AC 2003]

Central Bank

State Bank of India

Reserve Bank of India

Both b. and c.

Question No : 28
Which amidst the following rural banks has been named after a river? [NDA 2002]

Prathama Bank

Varada Grameen Bank

Thar Anchalik Grameen Bank

Aravali Kshetriya Grameen Bank