Banking Awareness Quiz (Set - 19)
1. In India
Mutual Funds are regulated by ________.
a) Securities and Exchange Board of
India
b) Reserve Bank of India
c) State Bank of India
d) Small Industrial Development Bank of
India
e) None of these
Answer: a)
2. KYC
Compliance is done to ________.
a) Identify a person
b) To know the address of a person
c) To ensure the genuineness the
person‟s identity as mentioned in the application and to verify the correctness
of address
d) Concern state government
e) None of these
Answer: c)
3. MICR
stands for _________.
a) Magnetic Ink Character Recognition
b) Maximum Individual Cancer Risk
c) Michigan Incident Crime Reporting
d) Magnetic Ink Check Reader
e) None of these
Answer: a)
4. Open
Money Market is a place for selling and buying of financial instrument by
_______.
a) All financial institutions
b) Only by Commercial Banks
c) Only by Common Banks
d) Indian Government
e) None of the above
Answer: a)
5. Which of
the following is the first commercial bank to launch mutual fund?
a) State Bank of India
b) Canara Bank
c) PNB
d) Bank of India
e) None of these
Answer: a)
6. Who can
invest in a commercial paper?
a) Individuals
b) Banking Companies
c) Corporate bodies registered or
incorporated in India and unincorporated bodies, Non- Resident Indians (NRIs)
and Foreign Institutional Investors (FIIs)
d) All of the above
e) None of these
Answer: d)
7. The
committee on Banking Regulations and Supervisory Practices which released the
agreed frame work on international convergence of capital measures and capital
standards in July 1988 is popularly known as _______.
a) Vaz Committee
b) Cooks Committee
c) Basel Committee
d) Rao Committee
e) None of these
Answer: c)
8. Reverse Repo rate is
the rate at which RBI Pays interest to Commercial Banks and it is linked to Repo
Rate and the rate is ________.
a) 1% above Repo Rate
b) 1% below Repo Rate
c) Same as Repo Rate
d) None of these
e) Cann‟t be determined
Answer: b)
9. Which is
the first Public Sector Bank to issue capital to public?
a) Indian Overseas Bank
b) Syndicate Bank
c) Oriental Bank of Commerce
d) Punjab National Bank
e) None of these
Answer: c)
10. Which
of the following rates is not decided by the RBI?
a) Bank Rate
b) Repo Rate
c) Reverse Repo Rate
d) Prime Lending Rate
e) None of these
Answer: d)
11. Which
of following is NOT a function of the Reserve Bank of India?
a) Fiscal Policy Functions
b) Exchange Control Functions
c) Issuance, Exchange and destruction of
currency notes
d) Monetary Authority Functions
e) Supervisory and Control Functions
Answer: a)
12. 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______
a) Will
b) Registration
c) Nomination
d) Indemnity
e) Guarantee
Answer: c)
13. Banks
in our country normally publicize that additional interest rate is allowed on
retail domestic term deposits of________.
a) Minors
b) Married women
c) Senior citizens
d) Govt. employees
e) Rural residents
Answer: c)
14. On
which one of the following issues IMF has supported monetary policy of India?
a) Introduction of GST.
b) Stimulus for agriculture sector
c) Concessions for foreign investment
d) Tightening of monetary policy
e) None of these
Answer: d)
15. In the
term STRIPS, the first letter “S” denotes _______
a) Single
b) Small
c) Special
d) Savings
e) Separate
Answer: e) “Separate
Trading of Registered Interest and Principle of Securities”
16. When
the loan is granted for purchase of white goods it is called ________.
a) Consumption loan
b) White goods loan
c) Consumer durable loan
d) Business loan
e) Proprietary loan
Answer: c)
17.
Structure of Basel II is based on how many pillars?
a) Two
b) Ten
c) Four
d) Five
e) Three
Answer: e)
18. Expand
the term FRBM ______
a) Financial Responsibility and Business
Management
b) Fiscal Responsibility and Business
Management
c) Financial Responsibility and Budget
Management
d) Fiscal Responsibility and Budget
Management
e) Formal Responsibility and Business
Management
Answer: d)
19. Which
of the following organization / agencies has established a fund known as
Investor Protection Fund?
a) RBI
b) SIDBI
c) Bombay Stock Exchange
d) Ministry of Finance
e) Ministry of Commerce & Industry
Answer: c)
20. The CRR
and SLR maintenance is on the ________
a) NDTL
b) DTL
c) Total Deposits
d) CASA
e) None of these
Answer: a)
