Banking Awareness Quiz (Set - 23)
1. Loan
given by the banks to farmers/small shop owners etc. is known as
a) Corporate loan
b) Business loan
c) Priority Loan
d) Commercial Loan
e) None of the above
Answer: c)
2. “Sensitive
Index” of Bombay Stock Exchange is called ______
a) Forex
b) MAX
c) LIBOR
d) Sensex
e) None of the above
Answer: d)
3. A Pledge
means
a) advanced against goods
b) hypothecation of goods
c) bailment of goods as security for
payment of a debt or performance of a promise
d) Open limits
e) none of these
Answer: c)
4. With
effect from 1st July 2010, interest rates of Banks are linked to which of the
following?
a) Base Rate
b) Benchmark Prime Lending Rate
c) Bank Rate
d) Repo Rate
e) None of the above
Answer: a)
5. Balance
Sheet of a firm indicates which of the following?
a) Profit or Loss over a period.
b) Financial position of the unit over a
period.
c) Financial position of the unit as on
a particular date.
d) Position of assets and liabilities
over a period of time.
e) None of the above
Answer: c)
6. National Housing
Bank(NHB) was set up under ___________
a) National Housing Bank Act, 1987
b) National Housing Bank Act, 1977
c) National Housing Bank Act, 1967
d) National Housing Bank Act, 1957
e) None of the Above
Answer: a)
7. What is
difference between banks & HFCs?
a) HFCs cannot accept demand deposits
b) It cannot issue cheques drawn on
itself
c) deposit insurance facility of Deposit
Insurance and Credit Guarantee Corporation is not available to depositors of
HFCs
d) All of the Above
e) None of the Above
Answer: d)
8. “Matryoshka
bond” is issued by?
a) USA
b) Japan
c) Russia
d) Canada
e) Korea
Answer: c)
9. An
Indian rupee denominated bond issued outside India is called ________
a) Yankee bond
b) Bulldog bond
c) Uridashi bond
d) Samurai bond
e) Masala bond
Answer: e)
10. The
safest form of Crossed Cheque is _____
a) Double Crossing
b) General Crossing
c) Special Crossing
d) Account payee crossing
e) None of the Above
Answer: d)
11. Bill of
Exchange, Promissory Notes and Cheques are defined as
a) Negotiable Instruments
b) Trust Receipts
c) Documents of Title to goods
d) None of the above
e) Stamped Instruments
Answer: a)
12. RBI was
established on ___________.
a) April 1, 1925
b) April 1, 1935
c) April 1, 1945
d) April 1, 1955
e) None of these
Answer: b)
13. On 19th
July 1969, 14 banks were nationalized, these banks had deposits of more than
a) Rs 25 crore
b) Rs 50 crore
c) Rs 85 crore
d) Rs 100 crore
e) none of these
Answer: d)
14. What is
macro-economics?
a) macro economics deals with economic
activities of the level of an economy as a whole
b) it deals with only a segment of an
economy
c) it deals with both a) and b)
d) none of these
e) All of the above
Answer: a)
15.
Factoring is
a) a means of financing traders and
manufactures by taking over their receivables
b) a means of providing post-shipment
finance to exporters
c) a type of agriculture financing
d) None
e) All
Answer: a)
16. Which
of the following banks was first to establish merchant banking business in
India?
a) ABN Amro Bank
b) Citibank
c) HDFC Bank
d) Standard chartered
e) Grindlays Bank
Answer: e)
17. Who can
open various types of non-resident accounts?
a) Persons of Indian Nationality or
person of Indian origin residing outside India
b) Persons of foreign nationality or
origin residing outside India
c) Firms, companies and other
organization resident outside India
d) all
e) none
Answer: d)
18. Free
Trade Refers to
a) Free movement of Goods from one
country to other.
b) Movement of Goods from one Country to
another free of cost.
c) Unrestricted exchange of Goods and
Services.
d) Tool free of Duty
e) None of these
Answer: c)
19. FCNR
(banks) accounts are maintained in the form of
a) saving accounts
b) Current accounts
c) Term deposits (except recurring
deposits)
d) all
e) none
Answer: c)
20. Under
which act does RBI issue directives to banks?
a) PMLA Act, 2002
b) RBI Act, 1934
c) DICGC Act, 1961
d) Banking Regulation Act, 1949
e) None of these
Answer: d)
