Banking Awareness Quiz (Set - 23)

Mentor for Bank Exams
Banking Awareness Quiz (Set - 23)
1. Loan given by the banks to farmers/small shop owners etc. is known as
a) Corporate loan
b) Business loan
c) Priority Loan
d) Commercial Loan
e) None of the above
Answer: c)
2. “Sensitive Index” of Bombay Stock Exchange is called ______
a) Forex
b) MAX
d) Sensex
e) None of the above
Answer: d)
3. A Pledge means
a) advanced against goods
b) hypothecation of goods
c) bailment of goods as security for payment of a debt or performance of a promise
d) Open limits
e) none of these
Answer: c)
4. With effect from 1st July 2010, interest rates of Banks are linked to which of the following?
a) Base Rate
b) Benchmark Prime Lending Rate
c) Bank Rate
d) Repo Rate
e) None of the above
Answer: a)
5. Balance Sheet of a firm indicates which of the following?
a) Profit or Loss over a period.
b) Financial position of the unit over a period.
c) Financial position of the unit as on a particular date.
d) Position of assets and liabilities over a period of time.
e) None of the above
Answer: c)
6. National Housing Bank(NHB) was set up under ___________
a) National Housing Bank Act, 1987
b) National Housing Bank Act, 1977
c) National Housing Bank Act, 1967
d) National Housing Bank Act, 1957
e) None of the Above
Answer: a)
7. What is difference between banks & HFCs?
a) HFCs cannot accept demand deposits
b) It cannot issue cheques drawn on itself
c) deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of HFCs
d) All of the Above
e) None of the Above
Answer: d)
8. “Matryoshka bond” is issued by?
a) USA
b) Japan
c) Russia
d) Canada
e) Korea
Answer: c)
9. An Indian rupee denominated bond issued outside India is called ________
a) Yankee bond
b) Bulldog bond
c) Uridashi bond
d) Samurai bond
e) Masala bond
Answer: e)
10. The safest form of Crossed Cheque is _____
a) Double Crossing
b) General Crossing
c) Special Crossing
d) Account payee crossing
e) None of the Above
Answer: d)
11. Bill of Exchange, Promissory Notes and Cheques are defined as
a) Negotiable Instruments
b) Trust Receipts
c) Documents of Title to goods
d) None of the above
e) Stamped Instruments
Answer: a)
12. RBI was established on ___________.
a) April 1, 1925
b) April 1, 1935
c) April 1, 1945
d) April 1, 1955
e) None of these
Answer: b)
13. On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than
a) Rs 25 crore
b) Rs 50 crore
c) Rs 85 crore
d) Rs 100 crore
e) none of these
Answer: d)
14. What is macro-economics?
a) macro economics deals with economic activities of the level of an economy as a whole
b) it deals with only a segment of an economy
c) it deals with both a) and b)
d) none of these
e) All of the above
Answer: a)
15. Factoring is
a) a means of financing traders and manufactures by taking over their receivables
b) a means of providing post-shipment finance to exporters
c) a type of agriculture financing
d) None
e) All
Answer: a)
16. Which of the following banks was first to establish merchant banking business in India?
a) ABN Amro Bank
b) Citibank
c) HDFC Bank
d) Standard chartered
e) Grindlays Bank
Answer: e)
17. Who can open various types of non-resident accounts?
a) Persons of Indian Nationality or person of Indian origin residing outside India
b) Persons of foreign nationality or origin residing outside India
c) Firms, companies and other organization resident outside India
d) all
e) none
Answer: d)
18. Free Trade Refers to
a) Free movement of Goods from one country to other.
b) Movement of Goods from one Country to another free of cost.
c) Unrestricted exchange of Goods and Services.
d) Tool free of Duty
e) None of these
Answer: c)
19. FCNR (banks) accounts are maintained in the form of
a) saving accounts
b) Current accounts
c) Term deposits (except recurring deposits)
d) all
e) none
Answer: c)
20. Under which act does RBI issue directives to banks?
a) PMLA Act, 2002
b) RBI Act, 1934
c) DICGC Act, 1961
d) Banking Regulation Act, 1949
e) None of these
Answer: d)