Banking Awareness Quiz (Set - 10)

Mentor for Bank Exams
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