Banking Awareness Quiz (Set - 3)
1. When does Reserve Bank
of India issues annual policy statement?
a) January
b) April
c) July
e) None of the above
2. Which of the following
has been renamed as “Annual Policy Statement” by the Reserve Bank of India?
a) Busy season banking policy
b) slack season banking policy
c) monetary and credit policy
d) annual statistical report
e) none of the above
3. When does RBI review
its annual policy statement?
a) July
b) October
c) January
d) all the above
e) None of the above
4. Which is the monitoring
and reviewing authority regarding fair practices code as per recent annual
policy statement of Reserve Bank of India?
a) Banking codes and standards Board of India
b) Banking Ombudsman
c) Institute for development in banking technology
d) debt recovery tribunal
e) none of the above
5. Which committee has
recommended introduction of smart card?
a) Rangarajan committee
b) Saraf committee
c) Nayak committee
d) Pannirselvan committee
e) None of the above
6. Which committee had
formulated consultative profile in connection with electronic funds transfer?
a) A.K. Purwar committee
b) Y V Reddy committee
c) K S Shere committee
d) S. A. Dave committee
e) none of the above
7. The process of
transformation of physical shares, commercial paper or certificate of deposit
into electronic form is called as:
a) Electronic clearing service
b) electronic securitization
c) share truncation
d) dematerialisation
e) none of the above
8. Providing banking
services to a customer without his entrance inside the bank‟s branch is called
as:
a) Virtual banking
b) relationship banking
c) universal banking
d) mobile banking
e) none of the above
9. Where is the
headquarters of “Society for worldwide Interbank Financial Telecommunication –
SWIFT” situated?
a) New York
b) Los Angels
c) Brussels
d) Hague
e) None of the above
10. Where has National
Financial Switch of IDRBT established?
a) Mumbai
b) New Delhi
c) Hyderabad
d) Bangalore
e) None of the above
11. Cheque truncation
means:
a) Tearing a cheque into two or more pieces
b) sending the photostat copy of a cheque in collection
c) using the electronic image of a cheque
d) keeping the Photostat copy of a cheque with collecting
bank before sending the original cheque to the drawee branch
e) none of the above
12. What do you mean by
universal banking?
a) Provision of all financial services in one country
b) provision of all financial services in one bank
c) provision of all financial services at a branch
d) provision of all financial services at any of the counters
of a branch of a bank
e) none of the above
13. Corporate governance
is a system
a) By which a company is directed and controlled
b) in which Board of directors is responsible for conduct of
a company
c) both the above
d) governing corporate companies by the government
e) none of the above
14. Whose interest is kept
in mind in a good corporate governance system?
a) Shareholders of the company
b) stakeholders of the company
c) employees of the company
d) all the above
e) none of the above
15. What do you mean by
risk?
a) Loss
b) depreciation of capital
c) decrease in profitability
d) possible loss that depends upon occurrence and non occurrence
of an incident
e) none of the above
