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Banking Awareness
Banking Awareness Miscellaneous
Quiz 10
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Q.1
Your Perfect banking Partner is the punch line of ______ Bank.
Bank of Maharastra
UTI Bank
BOB
Federal Bank
Q.2
Which of the following is true about "White Card"?
It is related to companies producing milk products
It does not carry on its face, the brand of the issuer
It is meant to covert blank money into the economy
It is a card that provides white money
Q.3
Which country did not participated in the 44th World Economic Forum ?
India
Israel
Iran
None of these
Q.4
A debt becomes time-barred after:
One year
Two and a half year
Three years
Five years
Q.5
Which of the following is not a credit rating agency?
WADA
Fitch
CRISIL
Moody
Q.6
What is MZM in money market?
Money with highest return
Money with zero maturity
Money with sovereign guarantee
Monetary base or total currency
Q.7
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 private deposits (Revenue Bank) directions, 1998
Non- banking financial companies acceptance of deposits money lenders (Revenue Bank) directions, 1998
Q.8
If a company, which is not a non - banking financial company wants to collect public deposits, it is governed by ___ Act
RBI Act 1934
Banking companies Act
Companies Act 1956
Central Government
Q.9
Which of the following organizations/ agencies has sought an emergency fund of Rs.1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers?
Regional Rural & Cooperative Banks
RBI
Micro Finance Institutions
NABARD
Q.10
Which of the following types of accounts are known as "Demat Accounts"?
Zero Balance Accounts
Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
Accounts in which shares of various companies are traded in electronic form
Accounts which are operated through internet banking facility
Q.11
Commercial banks in India were nationalized in 1969 because :
There was urban bias
Agriculture sector was neglected
There was concentration of economic power
All of the above
Q.12
Which of the following organization finance the Rural Infrastructure Development Fund?
NABARD
SEBI
SIDBI
RBI
Q.13
Who among the following is the primary regulator of Banking business?
Reserve Bank of India
Central Government
State Government
Parliament
Q.14
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 _______:
Undesirable persons
Artificial persons
Arrested persons
Convicted persons
Q.15
Which of the following is not a function of General Insurance?
Cattle Insurance
Crop Insurance
Fire Insurance
Medical Insurance
Q.16
Liability- side of the balance-sheet comprises:
Capital and reserve
Long-term liabilities
Current liabilities
All of the above
Q.17
Minimum cash reserves fixed by law constitute ___
A percentage of aggregate deposits of the bank
A percentage of aggregate loans and advances of the bank
A percentage of capital & reserves of the bank
None of these
Q.18
Which of the statement on Islamic banking is incorrect? (A) Islamic banking is only for Muslims. (B) Islamic banking activity do not allow paying and receiving of interest. (C) Islamic banking promotes the principle of profit sharing between banking institution and depositor.
Only A
Only B
Only C
Both B and C
Q.19
What is the relationship between a bank and customer when a locker is rented out by a bank to a person :
Bailor and Bailee
Bailee and Bailor
Principal and Agent
Lessee and Lessor
Q.20
Head office of Bank of Maharashtra is located at ________.
New Delhi
Bhopal
Pune
Mumbai
Q.21
The Tier-1 capital of banks does not include _______.
Paid-up capital
Revaluation reserves
Statutory reserves
Investment fluctuation reserves
Q.22
Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from:
Public
Relatives in the from of loans
Friends
None of these
Q.23
Mortgage is a:
Security on movable property for a loan
Security on immovable property for a loan
Concession on immovable property
Facility on immovable property
Security on loan sanctioned against fixed deposits
Q.24
___ assumed charge as the Minister of State for Micro, Small & Medium Enterprises (MSME) on 11th November 2014.
Gopal Singh
Veerabhadra Singh
Manoj Tiwari
Giriraj Singh
Q.25
Slogan of poverty Abolition was given in which Five Year Plan?
First five year plan
Second five year plan
Third five year plan
Fifth fiver year plan
Q.26
After how many years of terrorist attack World Trade Centre reopen for business?
12 years
13 years
15 years
7 years
Q.27
Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:
Combating finance of terrorism
To check hawala transactions
To check the inflow of crime money
To check inflow of the money earned out of sale of narcotics
All the above
Q.28
Between 2007-08 to 2012-13, the value of Card spending rose to Rs.1.97 Lakh Crores. A raise in Cards spending indicates?
Transformation to 'Cashless Economy'
Low inflation
Raising incomes
Falling prices
Q.29
What is NOT true with regard to 'Carbon Credit'?
It represents the right of an Industry to emit certain quantity of Carbon Dioxide.
Carbon Credits mechanism was formalized in Kyoto Protocol.
Carbon Credits are currently traded on 5 exchanges across the globe.
None of the above.
Q.30
Open-market operations of Reserve Bank of India refer to?
Trading in securities
Auctioning
Transaction in gold
All of the above
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