Banking Awareness Quiz (Set - 15)

Mentor for Bank Exams
Banking Awareness Quiz (Set - 15)
01. Which term among the following is not related to banking?
a) Right off set off
b) Right to lien
c) Sub standard assets
d) endowment plan
e) credit risk
02. Which among the following is short term borrowings for any firm?
a) Debentures
b) shares
c) long term loans availed from banks
d) subordinated borrowings
e) sundry creditors
03. Raman brothers- a partnership company engaged in selling textile goods is able to pay Rs. 10 lakhs out of the total purchase of Rs. 30 lakhs and the wholesale dealer enters into credit terms with the firm so that Raman brothers can settle the dues within 60 days and how it is represented in the balance sheet of the firm?
a) Sundry debtors
b) term loan
c) sundry creditors
d) debt funds
e) none of the above
04. What do you mean by the rate of discount at which the Reserve Bank of India discounts the first class bills of exchange brought by the banks in the country?
a) Repo rate
b) bank rate
c) reverse repo rate
d) cash reserve ratio
e) none of the above
05. The stock exchange pertaining to BSE is sensex and NSE is nifty and in the case of Tokyo in Japan
a) Simix
b) Nikkei
c) Mibtel
d) Bovasta
e) none of the above
06. Which is not correctly matched in respect of the following?
a) Immovable properties – mortgage
b) movable properties – hypothecation
c) safe deposit locker – lease
d) safe custody receipt – plege
e) loan against insurance policy – assignment
07. The loans granted to the following are treated as priority sector advances except one – find the odd man out:
a) Small scale industries
b) professional and self employed persons
c) differential rate of interest scheme
d) corporate
e) small business enterprises
08. When it comes to security precautions as provided in the currency notes issued by RBI in our country, which among the following are considered to be the odd man out?
a) Security thread
b) intoglia printing
c) optically variable ink
d) currency value
e) microletterings
09. When it comes to electronic banking which among the following are not coming under the purview of electronic banking?
a) Debit cards
b) credit cards
c) mobile banking
d) safe deposit locker
e) internet banking
10. Bank of America situated at New York is opening an account with State Bank of India at Kolkata and what do you mean this?
a) Nostro account
b) Vostro account
c) Loro account
d) RFC account
e) FCNR account
11. The returned non resident Indians are permitted to open the following accounts:
a) Non resident external account
b) Non resident ordinary account
c) RFC account
d) FCNR account
e) none of the above
12. Find the odd man out from the following when it comes to low risk clients as per KYC guidelines:
a) Regulatory and statutory bodies
b) government owned companies
c) salaried customers
d) pardanashin women
e) salaried customers
13. Find the odd man out from the following:
a) Oriental Insurance company Limited
b) Life Insurance Corporation of India
c) National Insurance company Limited
d) New India assurance company Limited
e) United Insurance company Limited
14. Find the odd man out from the following:
a) Max New York life insurance company limited
b) HDFC life insurance company limited
c) ICICI prudential life insurance company Limited
d) Life insurance corporation of India
e) Kotak Mahindra life insurance company Limited
15. When it comes to specific principles of insurance which among the following is odd man out?
a) Utmost good faith
b) insurable interest
c) indemnity
d) balanced funds
e) subrogation