Banking Awareness Quiz (Set - 21)

Mentor for Bank Exams
Banking Awareness Quiz (Set - 21)
1. RBI known as lender of last restore because:
a) It has to meet the credit need to citizens to whom no one else is willing to lend
b) Banks lend to go to RBI as a last restore
c) It comes to help banks in times of crisis
d) All of the above
e) None of these
Answer: c)
2. The seed capital of Bharatiya Mahila Bank is ________
a) Rs.5000 crore
b) Rs.1000 crore
c) Rs.500 crore
d) Rs.100 crore
e) None of the above
Answer: b)
3. Which is incorrect with regard to powers of RBI:
a) Holds cash reserve banks
b) Controls banking system through licensing
c) Supervises Banking system through inspection
d) None of the above
e) All of the above
Answer: d)
4. Which of the following is an investment advisory discipline?
a) Corporate Industrial Finance
b) Offshare Banking
c) Wholesale Banking
d) Wealth Management
e) Trade Finance
Answer: d)
5. When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as:
a) Term Deposit
b) Demand Deposit
c) Bond
d) Mortgage
e) Advance
Answer: a)
6. When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called __________
a) Revenue Deficit
b) Budgetary Deficit
c) Zero Budgeting
d) Trade Gap
e) Balance of Payment Problem
Answer: b)
7. Which of the following is not the name of a bank functioning in India?
a) Central Bank of India
b) UCO Bank
c) Aegon Religare
d) Dena Bank
e) ICICI Bank
Answer: c)
8. Lack of access to financial services is technically known as ______
a) Financial Instability
b) Financial Stability
c) Financial Inclusion
d) Financial Exclusion
e) Poverty
Answer: d)
9. Which of the following can be categories as a Merchant Banking service?
a) Consultancy on finance to a company
b) Advance in capital structure
c) Managing mergers
d) Helping in finalizing take over
e) All the above
Answer: e)
10. What is the maturity period for senior citizen savings scheme?
a) 3 years
b) 5 years
c) 2 years
d) 7 years
e) 4 years
Answer: b)
11. Crossing denotes
a) that the cheque will not be paid across the counter but will be credited to the account of the holder
b) that the cheque cannot be transferred by the payee named therein
c) that the cheque will be paid through clearing only
d) a direction to the paying bank to make payment of the cheque through a bank
e) none of the above
Answer: d)
12. Which of the following private banks has signed an agreement with Reliance Jio Money for One-Click payment service ?
a) Laxmi Vilas Bank
b) Federal Bank
c) South Indian Bank
d) Karnataka Bank
e) Karur Vysya Bank
Answer: b)
13. Who is primarily liable on a cheque?
a) Drawee banker
b) Drawer
c) Payee
d) Collecting banker
e) None of these
Answer: b)
14. Which of the following banks have become the first banks to join SWIFT’s global payments initiative?
a) ICICI and HDFC Bank
b) IndusInd Bank and SBI
c) PNB and Federal Bank
d) Axis Bank and ICICI
e) ICICI and SBI
Answer: d)
15. NBFCs consist of
a) Equipment Leasing Company and Investment Company
b) Hire purchase Finance Company and Mutual Benefit Finance Company
c) all of the above
d) None of the above
e) collection of funds from a larger of investors
Answer: d)
16. Recently, Yeldi Softcom received a licence for RBI to set up which of the following?
a) open wallet
b) semi-closed wallet
c) closed wallet
d) semi-open wallet
e) None of these
Answer: b)
17. The Kisan Credit Card Scheme is being implemented by all
a) Public Sector Commercial Banks
b) Regional Rural Banks
c) State Cooperative Banks/DCCBs/PACS and Scheduled Primary Cooperative Banks
d) All of the above
e) None of the above
Answer: d)
18. RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms?
a) Syndicate Bank
b) United Bank of India
c) Indian Overseas Bank
d) UCO Bank
e) Vijaya Bank
Answer: d)
19. Demand draft is a
a) not negotiable instrument
b) not transferable instrument
c) negotiable instrument
d) Quasi-negotiable instrument
e) none of the above
Answer: c)
20. The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year?
a) Rs 5 crore
b) Rs 7 crore
c) Rs 5.5 crore
d) Rs 6.2 crore
e) Rs 6 crore
Answer: a)