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Banking Awareness
Banking Awareness Miscellaneous
Quiz 7
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Q.1
What is current coverage of bank account of population (approx)?
60%
80%
40%
50%
Q.2
The Capital Market of Indian financial system deals with which of the following funds?
Hedge funds
Short-term funds
Long-term Funds
Government Funds
Q.3
Which of the below acts as the principle regulator in the capital market in India?
IRDA
RBI
SIDBI
SEBI
Q.4
When a bank returns a cheque unpaid, it is called:
payment of the cheque
drawing of the cheque
cancelling of the cheque
dishonor of the cheque
Q.5
Which of the following states became the first state in the country to launch RBI�s e-payment system for commercial tax payers?
Andhra Pradesh
Karnataka
Kerala
Maharashtra
Q.6
With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country–
Registration
Nomination
Indemnity
Guarantee
Q.7
As a practice, all banks now deduct some amount from their pre- tax income and set aside in a separate account to create a cushion for the loans which may go bad. This is called:
CRR
SLR
Provisioning
PLR
Q.8
The power of the commercial banks to expand deposits through expanding their loans and advances is known as ____.
Capital Expansion
Credit Expansion
Credit control
Credit Creation
Q.9
The Securitization And Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) meant for recovery of loans which have become NPAis not applicable to:
Private Banks
Non – Banking Financial Companies
Financial Institutes of the Govt.
Public Sector banks
Q.10
CASA ratio is the ratio of deposits in which accounts of a bank to its total deposits ?
Current account
Saving account
Recurring accounts
Both 1 & 2
Q.11
Which of the following restrictions apply for opening BSBDA by banks for individuals?
Age
Income
Amount
None of these
Q.12
The security which is a claim on the government and is a secure financial instrument guarantees certainty of both capital and interest is called?
Gilt-Edged Security
Call Money
Treasury Bills
Certificate of Deposits
Q.13
Banks generally borrow funds from which of the following money markets to meet the mandatory Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements as stipulated by the Central bank?
Notice Money Market
Call Money Market
Bill Market
Money Market
Q.14
Reserve Bank of India was setup on the recommendations of which of the following commission/committee?
Royal Commission
Hilton Young Commission
Dantwala Committee
D R Mehta Commission
Q.15
The branding line of Bank of Baroda is ______
International bank of India
India’s International bank
Indian’s Multinational Bank
World’s local Bank
Q.16
Which of the following is the Capital Market regulator?
RBI
NSE
SEBI
BSE
Q.17
One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/ norms are launched by the banks to prevent money laundering in general?
Banking Regulation Act
Know Your Customer Norms
Negotiable Instrument Act
Narcotics and Psychotropic Substance Act
Q.18
The Deposit insurance facility provided by the DICGC is not available for which of the following
LIC
GIC
SIDBI
NBFCs
Q.19
With the aim of achieving Financial Inclusion, Reserve Bank Of India has issued guidelines permitting the banks to employ ____ to facilitate Business Development.
Business Correspondents
Franchisees
Business Facilitators
Both a and c
Q.20
Expand AEPS in terms of banking.
Aadhaar-enabled Payment Service
Aadhaar-enabled promotion scheme
Automated engineered payment service
Aadhaar-enabled Payment system
Q.21
Expand DRI related to a scheme meant for weaker section of our country.
Different rate of interest
Different ration for Indians
Different rate of interest-bond
Differential rate of interest
Q.22
The bank which refinances the loans given to the poor and weaker sections to construct or buy houses is
SIDBI
IDBI
NHB
IIBI
Q.23
FRBM Act stands for :
Fiscal Revenue and Budget Management
Foreign Revenue and Business Management
Fiscal Responsibility and Budget Management
Foreign Responsibility and Budget Management
Q.24
When prices of goods are falling continuously, the phenomenon is called as :
Stagflation
Disinflation
Deflation
Reflation
Q.25
Which of the following institution is meant for small and medium enterprises?
RBI
SIDBI
IFCI
NABARD
Q.26
Under the second phase of nationalization, 07 banks were nationalized. Their deposits were over ________ crore.
100
150
200
300
Q.27
We know that RBI is the apex bank of India. Similarly the apex Bank of the USA is:
Federal Reserve Bank
The Central Bank of USA
Bank of America
Central National Bank of USA
Q.28
Sales above Break even point is called ___
Margin of Safety
Gross Profit
Net profit
b & c
Q.29
A fixed deposit receipt is kept with the bank for its safety, is known as ___?
Safe custody
Safe deposit
Locker
Valid safe deposit
Q.30
Which of the following will not help you in reducing your budget deficit? (A)Trimming of unnecessary expenses. (B) Creating a spending plan and monitoring expenses. (C)Borrow from friends to meet daily expenses. (D)Taking a money management course.
Only A
Only B
Only C
Only D
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