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Banking Awarness - Part 3
1
of
25
💡
Hints:
3
Q1. Money deposited with the bank becomes a debt due
A. from the banker
B. from the customer
C. to the customer
D. Either A and B
Q2. BoP (Balance of Payment) refers to
A. transactions in the flow of capital
B. transactions relating to receipts and payment of invisible
C. transactions relating only to exports and imports
D. All of the above
Q3. Upper limit prescribed for RTGS transaction is
A. 2 lacs
B. 5 lacs
C. No upper limit is prescribed
D. 50 lacs
Q4. ___ recently displaces Accenture as the largest IT firm servicing banks in the world.
A. Infosys
B. TCS
C. Microsoft
D. Wipro
Q5. In which year National Electronic Fund Transfer started in India?
A. 2004
B. 2002
C. 2006
D. 2005
Q6. What is a stale cheque?
A. A cheque issued without drawer’s signature
B. A cheque with only signature of the drawer
C. A cheque which has completed six months from its date of issue
D. A six months’ post dated cheque
Q7. What is the maximum population limit for a commercial bank branch to be declared as rural branch?
A. 1 lac
B. 2 lac
C. 4 lac
D. 5 lac
Q8. Bank of China is one of the 5 biggest state-owned commercial banks in China. Where is headquarters of Bank of China?
A. Hangzhou
B. Shenzhen
C. Beijing
D. Shanghai
Q9. Which of the following Public Sector Bank’s emblem figures a dog and the words ’faithful friendly’ in it?
A. Punjab National Bank
B. Syndicate Bank
C. Oriental Bank of India
D. State Bank of India
Q10. When a loan is granted by a bank for purchase of white goods it is called
A. Consumption loan
B. White goods loan
C. Consumer durable loan
D. All of these
Q11. Bancassurance is [Corporation Bank 2011]
A. an insurance scheme to insure bank deposits
B. an insurance scheme exclusively for the employees of banks
C. a composite finacial service offering both banking and insurance products
D. None of these
Q12. Type of exchange members who only buy and sell for their personal account are classified as which of the following?
A. non-investment traders
B. Commercial traders
C. Professional traders
D. Investment traders
Q13. Which among the following is considered to be the most liquid asset?
A. Gold
B. Money
C. Land
D. Treasury bonds
Q14. Which of the following institution is considered as ’ soft loan window’?
A. IMF
B. IBRD
C. IDA
D. IFC
Q15. At which rate the RBI lends shortterm money to the bank?
A. PLR
B. CRR
C. Repo rate
D. Reverse repo rate
Q16. Which of the following organizations is the Mutual Fund Market regulator?
A. AMFI
B. SEBI
C. CIBIL
D. CRISIL
Q17. RNBC stands for -
A. Residuary Non-Banking Companies
B. Reserve Non-Banking Companies
C. Reserve New Banking Companies
D. Re-curring New Banking Companies
Q18. Who can work as a Banking Correspondent?
A. Individuals
B. NGOs
C. Micro-finance Institutions
D. All of the above
Q19. IBAI was incorporated as a Company under Section 25 of the Companies Act, 1956 in -
A. 2001
B. 1999
C. 2005
D. 1998
Q20. Which of the following rates is not determined by RBI?
A. Bank Rate
B. CRR
C. SCR
D. PLR
Q21. Why were Banks nationalised in India?
A. To borrow money from USA
B. To follow the IMF guidelines
C. To provide the government of India more control of credit delivery
D. All of the above
Q22. Who is the chairperson of the Monetary Policy committee of India?
A. Finance Minister
B. Prime Minister
C. RBI Governor
D. Chief Economic Advisor
Q23. PMJJBY, PMSBY and APY is a -
A. Corporate Scheme
B. Micro Scheme
C. Jansuraksha Scheme
D. Saving Scheme
Q24. Banks can not generally accept interest-free deposits. Which of the following is an exception to this rule?
A. Current Account
B. Savings Account of Minors
C. Deposit from Minority groups
D. BSBDA
Q25. What is the tagline of Bank of India?
A. Where India Banks
B. A Tradition of Trust
C. Honours Your Trust
D. Relationship Beyond Banking
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