Banking Awareness Quiz (Set - 10)
1. Which defines Loro
account in respect of the following?
a) Canara Bank, Chennai opening an account with Bank of
America at Chicago in US dollars
b) State Bank, Coimbatore opening an account with Deutsche
Bank at Bonn in euro
c) Bank of America, New
York opening an account with Bank of England at London in sterling pounds
d) Bank of America, Los Angels opening an account with
Australian Bank at Sydney in sterling pounds
e) Bank of Tokyo at Osaka opening an account with State Bank
of India, New Delhi in Indian rupees
2. Find the correct order
in respect of the following when it comes to issue of shares by a company:
a) Authorized capital-
issued capital – subscribed capital – paid up capital
b) Authorized capital – subscribed capital – issued capital –
paid up capital
c) Authorized capital – paid up capital – subscribed capital
– issued capital
d) Authorized capital – issued capital – paid up capital –
subscribed capital
e) Issued capital – authorized capital – paid up capital –
subscribed capital
3. Among the following
which appears in the balance sheet of a company?
a) Subscribed capital
b) authorized capital
c) issued capital
d) paid up capital
e) partners’ capital
4. Which amongst the
following is off balance sheet items in respect of a banking company?
a) Guarantees
b) deposits
c) loans granted to the public
d) machinery account
e) reserves
5. What do you mean by the
character “M” in the term called as CAMELS?
a) Maintenance
b) Management
c) Misappropriation
d) Money
e) Mortgage
6. Ramesh maintains a
current account with State Bank of India and a cheque for Rs. 10000/- was
issued by him whereas his account showed a balance of Rs. 8000.00 and when he
approached the bank manager, the manager assured to help him by the following
activity:
a) Permitting temporary
overdraft for Rs. 2000
b) closing the account immediately
c) advising him to surrender the remaining cheque leaves
d) returning the cheque presented to the bank
e) telling the other party not to present the cheque once again
to the bank
7. What do you mean by
money laundering?
a) Washing the currency notes in a good laundery
b) converting money
obtained through illegal sources in to legal money
c) keeping the money in currency chests
d) sending excess cash to the other branch
e) none of the above
8. The term “coparcener”
applies to which amongst the following?
a) Partnership firm
b) Company accounts
c) Proprietorship firm
d) Hindu undivided
family
e) Joint account
9. What do you mean by an
executor?
a) The person appointed
by depositor to receive the money in the case of his death on behalf of his
minor legal heir as mentioned in the will
b) The person appointed for executing cinemas in a mall
c) The person appointed by a court of law to receive the
money in case of death of the depositor on behalf of minor son of the depositor
where no will has been made by the depositor
d) Anyone of the above
e) None of the above
10. Bank branches are in a
position to send cash transaction report on daily basis in respect of
transactions more than:
a) Rs. 10 lakhs
b) Rs. 20 lakhs
c) Rs. 30 lakhs
d) Rs. 50 lakhs
e) none of the above
11. ASBA relates to which
amongst the following:
a) Sending money for
investment in shares through initial public offer
b) a loan scheme
c) deposit scheme
c) foreign exchange remittance facility
e) sending money to a share broker for purchase of shares in
secondary market
12. What do you mean by
the character: “S” in the term called as RTGS?
a) Settlement
b) Standard
c) Sequence
d) Stimulation
e) Stipulations
13. State Bank of India is
considered to be the largest bank in the country. The size is measured by which
among the following?
a) Total deposits and
total advances
b) total number of branches
c) total number of employees
d) total deposits
e) total advances
14. What do you mean by
COPRA?
a) Consumer protection
act
b) Consumer programme act
c) Consumer patents act
d) Consumer perfection act
e) none of the above
15. Nomination is not
applicable in respect of which of the following:
a) Term deposits
b) demand deposits
c) gold loans
d) safe deposit locker
e) safe custody service
