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Banking Awareness
Banking Awareness Miscellaneous
Quiz 15
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Q.1
Which of the following is NOT a source of funds of a commercial bank?
Capital
Call money
Deposits
Cash reserves with RBI
Q.2
Depreciation of an asset occurs due to
Fire in the unit
Theft
Labour Trouble
Wear and tear
Q.3
Which of the following is NOT a source of funds of a commercial bank?
Capital
Borrowings from RBI
Call money borrowings
Deposits
Q.4
Which one of the following is a Credit Card Association?
India Card
Master Card
SBI Cards
City Bank Cards
Q.5
Cash Reserve Ratio (CRR) and Statutory’ Liquidity Ratio (SLR) are terms most closely related to which of the following industries / markets?
Capital Market
Banking industry
Commodities market
Money Market
Q.6
What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
3 years
5 years
7 years
10 years
Q.7
Capital market is a market which deals in
Short-term funds
Long-term funds
Gilt-edge securities
None of these
Q.8
Co-operative Banks in India are registered under (i) Banking laws (Co-operative Societies) Act. 1956 (ii) Banking Regulations Act, 1949 (iii) Companies Act, 1956 Select the correct answer using the following codes.
only i
i and ii
ii and iii
i, ii and iii
Q.9
The term ‘BSR’ refers to
Bank’s selling Rate
Basic Statistical Returns
Annual returns submitted by banks to RBI in respect to priority sector advances
Quarterly statements of advance to agriculture
Q.10
Assume that Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact?
Less liquidity in the market
More liquidity in the market
No change in the liquidity in the market
Mobilization of more deposits by commercial-banks
Q.11
Whose signature is found on a 50 rupee currency note in India?
President of India
Governor, RBI
Finance Minister
Prime Minister of India
Q.12
Which of the following is not a primary function of a Bank?
Granting Loans
Collecting Cheques/Drafts customers
Facilitating import of goods
Issuing Bank Drafts
Q.13
Reserves which can act as a liquidity buffer for commercial banks during crisis times are
CAR
SLR
CAR and CRR
CRR and SLR
Q.14
The Banking Ombudsman
is in charge of bank loan for buses
fixes the rates of interest for loans
resolves complaints of customers
issues licences for new bank branches
Q.15
Which of the following organizations is the Mutual Fund Market regulator?
AMFI
SEBI
CIBIL
CRISIL
Q.16
Which of the following institutions is involved mainly in granting Housing Loans?
RBI
SBI
HDFC
ICICI
Q.17
Which of the following terms is not related to banking?
Repayment
Loan
NPA
Fasting
Q.18
Almost all banks in our country have introduced facility for granting crop loans to farmers.
Term Loans
Kisan Credit Cards
Bank Guarantee
Foreign Exchange
Q.19
For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for?
Equated Money Index
Easy Money Installment
Equated Monthly Installment
Equal Monthly Installment
Q.20
Many a times we read in the news paper about CASA deposits of banks. CASA deposits are
Demand deposits
Term deposits
Hybrid deposits
Recurring deposits
Q.21
While investing in mutual funds we come across a term called NAV. What is the meaning of NAV?
Net Annual Value
Non Asset Value
Net Actual Value
Net Asset Value
Q.22
The discounting rate at which RBI borrows government securities from commercial banks is known as
Repo Rate
Reverse Repo
Deposit Rate
Base Rate
Q.23
Two parallel transverse lines on the face of the cheque is called as crossing and when a name of a bank is included between the two lines, it is called as
General crossing
Special crossing
Bouble crossing
Bank crossing
Q.24
What do you mean by a Clearing House?
Collection centre for cheques and demand drafts
Pooling centre for excess currencies received from the branches
Collection centre for collection of tax and other receipts
collection centre for issuing debit and credit cards to customers
Q.25
Bank of America situated at New York is opening an account with State Bank of India at Kolkatta and what do you mean this?
Nostro account
Vostro account
Loro account
RFC account
Q.26
The returned non resident Indians are permitted to open the following accounts
Non resident external account
Non resident ordinary account
RFC account
FCNR account
Q.27
On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than
Rs 25 crore
Rs 50 crore
Rs 85 crore
Rs 100 crore
Q.28
In the case of advances against fixed deposits receipts of the bank
deposit represented by the receipt is assigned to the bank
deposit receipt is pledged to the bank
deposit receipt is hypothecated to the bank
A lien is created on the deposit receipts in favour of the bank
Q.29
Which committee proposed to raise the compulsory insurance of bank deposits up to 5 Lakhs?
Aravind Mayaram
Usha Thorat
Damodaran
Syamala Gopinath
Q.30
Which of the following were considered to be compelling reasons for bank Nationalization?
Concentration of wealth and economic power in the hands of industrialists and business
Branch expansion was confined to urban areas and rural area were being neglected
Sectors like agriculture small scale industries and the other deserving sectors were outside the purview of bank lending operations
Above all
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