Banking Awareness Quiz (Set - 9)

Banking Awareness Quiz (Set - 9)
1. According to know your customer guidelines, which amongst the following are not low risk clients?
a) Salaried customers
b) government owned companies
c) government departments
d) regulatory and statutory bodies
e) high networth individuals
2. In the following categories of bank customers, who are considered as medium risk customers as per KYC guidelines?
a) High networth individuals
b) Non resident Indians
c) Blind people
d) all the above
e) none of the above
3. Which is the odd man out in respect of various risks faced by banks when it comes to risks?
a) Credit risk
b) liquidity risk
c) operations risk
d) personal risk
e) market risk
4. There are various insurance players in the market. Can you identify the public sector insurance companies who take care of general insurance business in the country:
a) United India Insurance company Limited
b) New India Assurance Company Limited
c) Oriental Insurance company Limited
d) National Insurance company Limited
e) all the above
5. Which are the specific principles of insurance?
a) Utmost good faith
b) insurable interest
c) proximate clause
d) all the above
e) none of the above
6. What is the full form of FINO – a term we see frequently in financial newspapers?
a) Financial Information Network and Operations Limited
b) Financial Information National and operations limited
c) Financial Intelligence Information Network and Operations Limited
d)Financial Interest Network and Operations Limited
e) None of the above
7. Banks and other financial insititutions in the country are required to maintain a certain amount of liquid assets like cash, gold, precious metals and other short term securities as a reserve all the time. In the world of banking, this procedure is known as:
a) SLR
b) CRR
d) Reverse repo
e) none of the above
8. What does the letter, “L” denote in the term LAF as referred every now and then in relation to monetary policy of Reserve Bank of India?
a) Liquidity
b) Leverage
c) License
d) Language
e) Lending
9. Personal loans can be canvassed amongst the following:
a) Salaried persons
b) agriculturists
c) daily wage workers
d) Retail traders
e) none of the above
10. Which amongst the following is not a development bank as on date?
a) Industrial Finance Corporation of India
b) Export and Import Bank of India
c) Small Industries Development Bank of India
d) National Bank for agriculture and rural development
e) ICICI bank
11. What do you mean by “probagation of cells”?
a) Tissue culture
b) aqua culture
c) horticulture
d) pisciculture
e) olericulture
12. What do you mean by apiculture?
a) Fruit production
b) honeybee rearing
c) cultivation of fodder crops
d) vegetable cultivation
e) propagation of cells
13. What do you mean by yellow revolution?
a) Cocoa production
b) meat production
c) increase in agriculture production
d) flower production
e) oil seeds and pulse production
14. Rubber production is denoted by which kind of revolution?
a) Green revolution
b) black revolution
c) blue revolution
d) white revolution
e) brown revolution
15. State Bank of India having a branch at Chennai opens an account with Bank of America at New York and what do you mean by the account?
a) Vostro account
b) Nostro account
c) Loro account
d) Current account
e) None of the above