Banking Awareness Quiz (Set - 26)
1. In terms
of Reserve Bank of India (RBI) guidelines, Banks in India must pay a minimum interest
on the balances held in Saving bank account at ________?
a) 4%
b) 3.50%
c) 5%
d) 6%
e) 7%
Answer: a)
2. Which of
the following can be called as “National Income”?
a) Net National Income at factor cost
b) Gross National Income at factor cost
c) Net Domestic Product at factor cost
d) Gross Domestic Product at factor cost
e) None of these
Answer: a)
a) Fixed Income Markets
b) Money Markets
c) Derivatives Markets
d) All of the above
e) None of the above
Answer: d)
4. Expand
FIPP –
a) Foreign Investment Promotion Brochure
b) Foreign Investment Production Board
c) Foreign Investment Promotion Board
d) Foreign Direct Investment Promotion
Board
e) None of these
Answer: c)
5. By
adopting Cheque Truncation System, the banks in India would be required to
print security logo on the face of the cheque leaves as _________?
a) CTS 2012
b) CTS 2013
c) CTS 2010
d) CTS 2009
e) None of the Above
Answer: c)
6. Who
regulates chit funds in India?
a) Government of India
b) State Governments
c) Not regulated at all
d) Concerned Districts
e) None of these
Answer: b)
7. A
Co-Operative Bank operating in different States is regulated by _______?
a) State Co-Operative Societies Act
b) Banking Regulation Act
c) Multi Unit Co-Operative Societies Act
d) Banking Laws (applicable to
Co-Operative Societies)
e) None of the above
Answer: c)
8. You
might have heard about PMI data. What is PMI?
a) Prudential Managers Index
b) Purchasing Managers Indian
c) Purchasing Managers Index
d) Prudential Managers Indian
e) None of these
Answer: c)
9.
Hypothecation is applicable in the case of _____?
a) Movable goods
b) Immovable property
c) Book debts
d) Corporate guarantee
e) None of the above
Answer: a)
10. Banking
sector comes under which sector?
a) Services sector
b) Manufacturing sector
c) Realty sector
d) Industrial sector
e) None of these
Answer: a)
11. In
respect of Regional Rural Banks, the share holding pattern is _______?
a) Central Government 50%, State Government
35%, Sponsoring Bank 15%
b) Central Government 50%, State
Government 15%, Sponsoring Bank
35%
c) Central Government 15% State
Government 35%, Sponsoring Bank 50%
d) Central Government 35%, State
Government 50%, Sponsoring Bank
15%
e) None of the Above
Answer: b)
12. Which
of the followings can be used for Current Account Deficit financing?
a) FII only
b) FDI only
c) ECB only
d) Both FII and FDI only
e) All FII, FDI and ECB
Answer: e)
13. A
company which pools money from investors and invests in stocks, bonds, shares
is called ____?
a) A bank
b) An insurance company
c) Bancassurance
d) Mutual Fund
e) None of the above
Answer: d)
14. Which
of the following agreement/accord is related to baking reforms?
a) Vienna agreement
b) Basel accord
c) Nagoya Protocol
d) Cartagena Protocol
e) None of these
Answer: b)
15. KYC
means ________ ?
a) Know Your Customer very well
b) Know Your exiting Customer very well
c) Know Your prospective Customer very
well
d) Satisfy yourselves about the
customer’s identity and activities
e) None of the above
Answer: d)
16. What is
“STT”?
a) Standard Transaction Tax
b) Securities transaction tax
c) Securities transfer tax
d) Standard transfer tax
e) None of these
Answer: b)
17. Which
was the first Mutual Fund started in India _______?
a) SBI Mutual Fund
b) HDFC Mutual Fund
c) Kotak Pioneer Mutual Fund
d) Indian Bank Mutual Fund
e) None of the above
Answer: e)
18. Bureau
of Indian Standards (BIS) has its headquarters in
a) Mumbai
b) Kolkata
c) Bhubaneswar
d) New Delhi
e) None of these
Answer: d)
19. The
regulator for Mutual Funds in India is?
a) FIMMDA
b) AMFI
c) RBI
d) SEBI
e) None of the above
Answer: d)
20. If the
Statuary Liquidity Ratio (SLR) is increased, what will be the effect on Bank’s
credit situation?
a) It will be reduced
b) It will be increased
c) It will remain unaffected
d) None of these
e) All of the above
Answer: a)
