Banking Awareness Quiz (Set - 1)
1. Which of the following
cannot be called as a debt instrument as referred in the financial
transactions?
a) Certificate of deposit
b) Bonds
c) Stocks
d) Commercial papers
2. Whenever RBI does some
open market operation transactions, actually it wishes to regulate which of the
following?
a) Inflation
b) Liquidity in economy
c) Borrowing powers of the banks
d)flow of foreign direct investments
e) none of the above
3. In economics, it is
generally believed that the main objective of a public sector financial company
like bank is to:
a) Employ more and more people
b) maximize the total profits
c) maximize total production
d) provide financial services to the people of the nation of
its origin across the country
e) sell the goods at subsidized rates
4. In a company where they
make use of price sensitive corporate information, people closer to the company
adopts the technology to make gains or cover losses and it is known as
a) Insider trading
b) Future trading
c) Foreign trading
d) Stock trading
e) None of these
5. What is meant by Repo
rate?
a) When a bank is in need of cash it can sell securities to
RBI against cash on the condition that the bank will repurchase the securities
within a short period
b) When a bank has excess cash, they buy securities from RBI
against cash on the condition that they resell the securities to RBI on a pre
fixed day and price
c) It is rate at which RBI allows small loans in the market
d) It is a rate which is offered by banks to their most
valued customers or prime customers
e) None of these
6. Bharat Nirman does not
cover which of the following areas?
a) Rural employment
b) Rural housing
c) Rural water supply
d) Irrigation facilities
e) It covers all the above areas
7. Which of the following
committee has given its recommendations on “Financial inclusions”?
a) Rakesh Mohan committee
b) Rangarajan committee
c) Sinha committee
d) Kelkar committee
e) None of these
8. The actual return of an
investor is reduced sometimes as the prices of the commodities go up all of a
sudden and in financial sector this type of phenomenon is known as
a) Probability risk
b) Market risk
c) Inflation risk
d) Credit risk
e) None of these
9. An industry which is
fighting hard to increase its market share in existing market(with new popular
products) is known as:
a) Market vendor
b) Market operator
c) Market leader
d) Market follower
e) Market challenger
10. Which of the following
products launched by most of the banks help farmers in getting instant credit
for various agricultural purposes?
a) Kisan credit card
b) Personal loan
c) Business loan
d) ATM card
e) None of these
11. Which of the following
products of a bank is specifically designed to provide financial help to
children in their higher studies in India or in a foreign country?
a) Personal loan
b) Corporate loan
c) Housing loan
d) Educational loan
e) Mortgage loan
12. Which of the following
policies of the financial sectors is basically designed to transferring local
financial assets into foreign assets freely and at market determined exchange
rates?
a) Capital account convertibility
b) Financial deficit management
c) Minimum support price
d) Restrictive trade practices
e) None of these
13. A customer is willing
to purchase some US dollars in the country. He/she should go to:
a) Public Debt Division of the RBI only
b) American Express Bank only
c) RBI or any branch of a bank which is authorized for conducting
such business
d) Ministry of Foreign affairs
e) None of these
14. Which of the following
is not a social assistance program launched by the Government of India?
a) National old age pension scheme
b) Annapurna scheme
c) National family benefit scheme
d) Indira Awas Yojana
e) All are social assistance programs
15. Many times we see in
newspapers that some projects are launched by the Government authorities on PPP
basis. What is the full form of PPP?
a) Preferential Payment Plan
b) Public Private partnership
c) Partial payment project
d) Popular private project
e) Public private plan
