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Banking Awareness
Banking Awareness Miscellaneous
Quiz 4
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Q.1
Banking sector comes under which sector?
Services sector
Manufacturing sector
Realty sector
Industrial sector
Q.2
FD in a commercial bank can be done for a maximum period of
15 years
25 years
10 years
No limit
Q.3
Which of the following conducts the Annual Survey of Industries (ASI)?
Central Statistics Office
National Sample Survey Organisation
Ministry of Heavy Industries and Public Enterprises
Ministry of Economy
Q.4
Slogan of Federal Bank is _________?
For all your needs
One family one bank
Together we can
Your Perfect Banking Partner
Q.5
The network for common data communication for banks and FIs launched by RBI :
BANKNET
INFINET
SWIFT
INTERNET
Q.6
Accounts are allowed to operated by Cheques in respect of
Both Savings Accounts and Fixed Deposit accounts
Savings account and Current Accounts
Both Savings and Loan Accounts
Both savings bank accounts and cash accounts only
Q.7
CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of:
Narashimham Committee
Ghosh Committee
Chore Committee
Kapoor Committee
Q.8
The primary relationship between the banker and the customer is that of:
Trustee and beneficiary
Debtor and Creditor
Principal and agent
Lesser and lessee
Q.9
A Usance Bill when presented for acceptance has to be accepted/ dishonoured within:
24 hours
36 hours
48 hours
60 hours
Q.10
Consider the following with respect to the term 'Core Inflation': A) Core Inflation is the inflation rate of a particular basket of commodities. B) Core Inflation is the sudden increase in prices of certain items of food grains. C) Core inflation is caused by supply shock in certain essential commodities.
Only A
Only B
Only C
Only A and B
Q.11
ASBA is a mechanism for subscribing to applications in Initial Public Offerings (IPOs). ASBA stands for
Application Supported by Blocked Amount
Application Submitted with Blocked Amount
Acquired Shares by Blocked Amount
Application Supported by Balance Amount
Q.12
What is 'Net Interest Margin' of a Bank?
Margin of Interest earned on Trading in Govt Securities
Difference between the Base Interest Rate and the Average Lending Rate
Difference between the interest income and the amount of interest paid out
Difference between Interest on Term Loans and Interest on Cash Credits
Q.13
FD in a commercial bank can be done for a maximum period of
15 yrs
25 yrs
10 yrs
No limit
Q.14
Which of the following is a third party product often sold by banks?
Gift cheques
Credit cards
Debit cards
Mutual funds
Q.15
When a bank returns a cheque unpaid, it is called?
Payment of cheque
Dishonor of cheque
Cancelling of cheque
Drawing of cheque
Q.16
Which of the following terms is used in the field of banking and finance?
Investment
Genetics
Resistance
Metabolic Reaction
Q.17
Which one of the following constitutes the largest percentage of Retail loans in India?
Consumer loans
Personal loans
Auto loans
Home loans
Q.18
The drawer of a cheque is always a
Bank
Company
Firm
Customer
Q.19
Digital signature are
legally valid signatures as per the information technology act. 2000 and acceptable in Indian courts at par with paper signatures
required for authentication of e-mail and SFMS
required for authentication of settlement applications of clearing coupan of India Ltd.
all of the above
Q.20
________ is India’s largest Wide Area Network.
RBINET
NICNET
INET
Bank Net
Q.21
How much quantity of coins to be minted decided by
RBI
Union government
SBI
IRDA
Q.22
RBI can issue bank notes of maximum denomination
Rs. 1000
Rs. 500
Rs. 10000
Rs. 20000
Q.23
Life span of Rs. 10 notes are
10-15 months
16-19 months
10-18 months
20-25 months
Q.24
The Holidays for the Banks are declared as per which of the following Act
Reserve bank Act
Banking Regulation Act – 1949
Negotiable instrument Act –1881
Companies Act – 1956
Q.25
Interest rate "Savings deposit" now a days is decided by
RBI
SBI
Respective Banks
IBA
Q.26
"ASBA" stands for
Application supported by bank account
Application supported by balance account
Application supported by blocked account
Application supported by blocked amount
Q.27
RTGS stands for
Real Time Gross Settlement
Real type General scheme
Real Type gross settlement system
Real time Gross system
Q.28
Real time gross settlement system means a payment system in which
Both processing and final settlement of funds transfer instructions can take place continuously
Final transaction takes place at the end of the day
Final payment is physically effected within 24 hrs.
Final settlement of funds take place at 3 PM daily
Q.29
Reserve bank of India, in regard to RTGS, has decided that
There would be accessible to all retail customers.
There would be no floor ceiling for routing transactions through RTGS
Settlement of transactions of the clearing corporations of India and the stock market would be conducted through RTGS.
All of the above
Q.30
Banks do not purchase/ discount
Documentary Bills
Clean Bills
Accommodation Bills
Usance Bills
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