Banking Awareness Quiz (Set - 28)

Mentor for Bank Exams
Banking Awareness Quiz (Set - 28)
1. When a cheque is drawn on a bank, the bank is called the _______?
a) Payee
b) Drawee
c) Drawer
d) Endorsee
e) None of the above
Answer: a)
2. Balance in a current account is classified as ________
a) Hybrid Deposit
b) Term Deposit
c) Demand Deposit
d) Flexi Deposit
e) None of the above
Answer: c)
3. Capital adequacy is worked out based on?
a) Total demand and time liabilities
b) Net demand and time assets
c) Risk weighted assets
d) Risk weighted liabilities
e) None of the above
Answer: c)
4. In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers?
a) Retail Banking
b) Universal Banking
c) Virtual Banking
d) Unit Banking
e) None of the above
Answer: a)
5. “CAMEL model” is used by _______?
a) Bankers to evaluate a credit proposal
b) Bankers to manage their risks
c) RBI inspectors to evaluate banks functions
d) Merchant Bankers to evaluate portfolio investment
e) None of the above
Answer: c)
6. The Foreign exchange of India is kept with _________
a) SBI
c) RBI
e) None of these
Answer: c)
7. Which of the following instruments is not a Negotiable Instrument, as per NI Act, 1881?
a) Bills of Exchange
b) Letter of credit
c) Bank Draft
d) Promissory Notes
e) Cheque
Answer: b)
8. Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of _______
a) 15 days
b) 3 months
c) 6 months
d) 1 year
e) 7 days
Answer: d)
9. One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called _______?
a) Overdraft
b) Temporary loan
c) Short term finance
d) Ways and Means advance
e) None of the above
Answer: d)
10. Which of the following forms of securing a loan is the safest one?
a) Lien
b) Assignment
c) Pledge
d) Hypothecation
e) Mortgage
Answer: c)
11. 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) demand deposit
b) term deposit
c) bond
d) mortgage
e) advance
Answer: b)
12. Which of the following public sector banks has recently celebrated it centenary year?
a) Central Bank of India
b) Allahabad Bank
c) State Bank of India
d) Bank of Maharashtra
e) Bank of Baroda
Answer: b)
13. The primary function of a central co-operative bank is to
a) to channelize the flow of funds from the State cooperative banks
b) mobilize the resources in the district for financing its members to the maximum extent possible
c) Both of these
d) Only 2
d) None of the above
Answer: c)
14. Which of the following Bank in 2012 has celebrated it 30th year of continuous service?
a) RBI
c) Central Bank of India
Answer: d)
15. Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture credit in India ?
c) RBI
e) None of these
Answer: a)
16. The RBI has decided to stop circulation of the coin of which of the following denominations from June 2011 ?
a) 50 p.
b) Rs 1
c) Rs 2
d) 25 p.
e) Rs. 5
Answer: d)
17. Insurance companies in India are regulated by
a) RBI
Answer: d)
18. Department of Economic Affairs is part of which of the following Ministries ?
a) Ministry of Home Affairs
b) Ministry of Planning
c) Ministry of Finance
d) Ministry of Heavy Industries & Public Enterprises
e) Ministry of Rural Development
Answer: c)
19. The currency notes of which of the following denominations are not printed in India ?
a) Rs 5
b) Rs 10
c) Rs 50
d) Rs 1,000
e) Rs 2,500
Answer: e)
20. Union Budget which is presented every year in the parliament is also known as
a) Annual Budget
b) Common Budget
c) General Budget
d) Finance Report of the year
e) Statement of Allocation of funds
Answer: c)