Banking Awareness Quiz (Set - 17)
1. Short-term assets, representing amounts due to a
vendor or suppliers of goods or services that were sold on credit terms is
known as _______.
a) Account Receivable
b) Fixed Asset
c) Deposit Asset
d) Current Liabilities
e) None of these
Answer: a)
2. What is the rate at which commercial banks charge
on their surplus funds with RBI?
a) SLR
b) Reverse Repo Rate
c) Repo Rate
d) Cash Reverse Ratio
e) Bank Rate
Answer: b)
3. _________ is the rate at which commercial bank needs
to maintain in the form of cash, or gold or government approved securities
(Bonds) before providing credit to its customers.
a) Reverse Repo Rate
b) Repo Rate
c) CRR Rate
d) SLR Rate
e) None of these
Answer: d)
4. Who appoints the governor of Reserve Bank of India?
a) Financial Secretary
b) Financial Ministry
c) Central Government
d) President of India
e) None of these
Answer: c)
5. FII Stands for _______.
a) Foreign Institutional Investor
b) Foreign International Investor
c) Forward Institutional Investor
d) Formal Institutional Investor
e) Formal International Investor
Answer: a)
6. Which among the following is a qualitative tool
of monetary policy?
a) Credit Ceiling
b) Credit Rationing
c) Cash Reserve Ratio
d) Bank Rate
e) None of these
Answer: b)
7. In India, the Chit funds are governed / regulated
by ________.
a) Local Bodies
b) RBI
c) Central Government
d) State Government
e) None of these
Answer: d)
8. CAG Stands for _______.
a) Controller and Auditor General of
India
b) Constant and Author General of
India
c) Constant Auditor General of India
d) Central Auditor General of India
e) None of these
Answer: a)
9. CPI stands for ______.
a) Cost Price Index
b) Current Price Index
c) Consumer Price Index
d) Cash Price Index
e) None of these
Answer: c)
10. SEBI is a _______.
a) Non-Advisory body
b) Statutory body
c) Advisory body
d) Constitutional body
e) Non- Statutory body
Answer: b)
11. At which rate the RBI lends money to a public sector
bank on a long term basis?
a) Bank Rate
b) CRR
c) Repo Rate
d) PLR
e) Reverse Repo Rate
Answer: a)
12. What is the full form of PPP?
a) Personal Private Power
b) Primary Power Parity
c) Personal Private Parity
d) Purchasing Power Parity
e) None of these
Answer: d)
13. What is the Minimum amount of transfer required
for RTGS is _____.
a) Rs. 1 lakh
b) Rs. 2 lakh
c) Rs. 5 lakh
d) Rs. 50,000
e) No Limits
Answer: b)
14. Who is the sole authority to issue and manage currency
in India?
a) State Bank of India
b) Government of India
c) Reserve Bank of India
d) Finance Ministry
e) None of these
Answer: c)
15. In CRR, C stands for_______.
a) Cash
b) Currency
c) Core
d) Currency
e) None of these
Answer: a)
16. MICR code is used for ________.
a) For Code Banking Solution
b) For Electronic Funds Transfer
c) For Electronic Clearance of
Cheques
d) For Cheque Truncation Services
e) None of these
Answer: c)
17. The Statutory Liquidity Ratio (SLR), the amount
of liquid assets such as cash, precious metals and other short-term securities
are kept with _______.
a) RBI
b) Individual banks
c) SBI
d) Finance Ministry
e) None of these
Answer: b)
18. As per the Banking Ombudsman Scheme, any person
can file a complaint before the Banking Ombudsman, if the satisfied reply is
not received from the bank within a period of _________.
a) 6 months
b) 3 months
c) 2 months
d) 1 month
e) 1 year
Answer: d)
19. Money lent for more than one day but less than
15 days in the money market is known as _______.
a) Notice Money
b) Call Money
c) Term Money
d) Week Money
e) None of these
Answer: a)
20. Smart Money is a term used for ________.
a) Internet Banking
b) Credit Card
c) Mobile Apps
d) Demand Drafts of Banks
e) None of these
Answer: b)
