Quiz
banking resources
Questions in this quiz (40)
1Bank reconciliation statement is prepared with the help of
- Abank pass book and cash column of cash book
- Bbank pass book and bank column of cash book
- Cbank pass book and petty cash book
- Dbank pass only
- Eall of the above
2EEFC account can be opened in the form of
- Acurrent account, SB account and TDR
- BCurrent account and SB account
- CCurrent account only
- DCurrent account and TDR
- ENone of these
3Bank may prefer to invest in corporate bonds because
- Aa bond is more liquid asset
- Ba bond has an easy exit
- Ca bond can be sold at discount
- Dall of the above
- ENone of these
4Which of following statements is/ are true regarding a Deferred Payment Guarantee (DPG)
- Ait is a type of guarantee where no cash payment is involved
- Bit is a type of guarantee which is given for the purchase of immovable property.
- Cit is a type of guarantee where payment would have to be made in instalments guaranteed.
- DAll of the above
- ENone of these
5Truncation of cheques means
- AThe cheques in the paper form will be retained by the collecting banker nad he will submit only computerised image to the clearing house
- BCheques will be scanned and the electronic image, instead of physical cheque, will be transmitted in the clearing cycle
- CThe entire clearing operations would be done only through computers
- DDebting the drawer's account through internet banking
- ENone of these
6Not Negotiable crossing refers to
- AThe cheque cannot be negotiated
- BThe collecting bank should sarisfy itself as to the title of the holder before collecting the cheque
- CThe cheque cannot be collected as the protection under section 131 of the Negotiable Instruments Act,1881 is not available in such cases
- DThe transferee shall not have and shall not be capable of giving a better title to the cheque than that of the transferor.
- ENone of these
7The cheque in which the signature of the drawer of the cheque is not genuine is called
- Apost-dated cheque
- BForged cheque
- Cstale cheque
- DAll of the above
- ENone of these
8Deposites under NRE/FCNR accounts are linked to
- ABase Rate
- BSIBOR
- CBank Rate
- DLIBOR
- EMIBID
9What stage of opening a Bank account is the checking of politically Exposed Persons (PEP) carried out
- AAt the first point of customer interaction
- BAt the Account services level
- CAt the central account services level
- DOne month after the account is opened
- EAt the time of first transaction
10India has different categories of commercial banks. which of the following is NOT one such category
- APrivate bank
- Bcommodity bank
- CForeign Bank
- DCo-operative Banks
- ENone of these
11Bankers reduce lending risk by
- AEnsuring that there will be no default on account of lack of liquidity and lack of willingness to pay on the part of the borrower
- BEnsuring that there will be no problem of liquidity with the borrower
- CObtaining adequate security
- Dall of the above
- ENone of these
12Which among the following terms describe 'universal banking'
- ABranches of a bank in all geographical territories of its country
- BA bank providing services in all geographical territories of its country
- CA bank providing combination of commercial banking and investment banking
- Dall of these
- ENone of these
13Which of the following is/are the example(s) of product diversification of bank
- ACredit card
- BInternational credit card
- CDebit card
- Dall of the above
- ENone of these
14Which of the following categories of risk is/ are taken care of by RTGS
- ASystemic Risk and Credit Risk
- BMarket Risk
- CSettlement Risk and Systemic Risk
- Dsystemic risk nad legal risk
- ENone of These
15If bank wants to introduce a new deposit scheme, the same is now approved by
- ARBI
- BUnion Government
- CThe board of the bank
- Dboth 'a and c'
- ENone of these
16what is the full form of the term LIBOR as used in financial banking sector?
- ALondon Inter-Bank Offered Rate
- BLiberal International Bank Official Ratio
- CLondon India Bureau of Regulations
- DLocal India Bank Offered Rate
- ENone of these
17Which of the following loan products are 'teaser loans' offered by banks
- AEducation loans
- BCommercial loans
- CGold loans
- DRetail trade loans
- EHome loans
18which of the following is a foreign bank having branches in india
- AHDFC bank
- Bicici bank
- Cyes bank
- Dstandard chartered bank
- Esyndicate bank
19which of the following statement is true about bank
- Abank cannot accept demand and time deposit from public
- Bbank can accept only demand deposit from public
- Cbanks can accept only time deposit from public
- Dbanks can accept both demand and time deposit from public
- Ebanks can accept demand and time deposit from Government only
20interest rate payable on saving bank account is
- Aregulated by RBI
- Bregulated by State Government
- Cnot regulated by RBI
- Dregulated by Finance Ministry
21Accounts are allowed to operated by Cheques in respect of
- ABoth Saving Accounts and Fixed Deposit accounts
- BSaving Account and Current Accounts
- CBoth saving and Loan Accounts
- DBoth savings bank accounts and cash accounts only
- EBoth current account and fixed deposit accounts
22The usual deposit accounts of banks are
- ACurrent Accounts, Insurance Premium Accounts and Electricity Accounts
- BCurrent Accounts, Post Office Savings accounts and Term deposit accounts
- CLoan accounts, Term deposit accounts and Saving accounts
- DTerm Deposit accounts, Current accounts and Saving account
- ECurrent bill accounts and term deposit account
23when a bank returns a cheque unpaid, it is called
- Apayment of cheque
- BDishonor of cheque
- Ccancelling of cheque
- DDrawing of cheque
- ENone of these
24Which of the following term is used in the field of banking and finance
- AInvestment
- BGenetics
- CResistance
- DMetabolic Reaction
- ENone of These
25The Public Sector Banks are banks where a majority state is held by the Government. Which of the following banks is the second largest Public Sector Banks among the 236 PSBs in India in terms of Profit
- ABank of India
- BPunjab National Bank
- CBank of Baroda
- DCentral Bank of India
- ECanara Bank
26Consider the following statements with respect to IFSC code used in Banking System.
A) IFSC stands for Indian Financial System Code
B) It is an 11 digit alphanumeric Unique Code
C) IFSC is used in the NEFT system to route the messages to the destination banks/branches.- AOnly A
- BOnly B
- COnly C
- DAll A, B, and C
27Consider the following with respect to the term 'Core Inflation'.
A) Core Inflation is the inflation rate of a particular basket of commodities
B) Core Inflation is the sudden increase in prices of certain items of food grains
C) Core Inflation is caused by supply shock in certain esential commodities- AOnly A
- BOnly B
- COnly C
- DOnly A and B
- ENone of these
28What are 'Open Market Operations'.
- AActivities of SEBI-registerd brokers
- BSelling of currency by the RBI
- CSelling of gilt-edged securities by the governmet
- DSale of share by FIIs
- ENone of these
29Certificate of Deposits have a minimum value of
- ARs. 1 lakh
- BRs. 10 lakh
- CRs. 25 lakh
- DRs. 50 lakh
- ERs. 1 core
30Which among the following does not decided by the RBI
- ACAR
- BCRR
- CBase Rate
- DBank Rate
- ERepo Rate
31An increase in Cash Reserve Ratio (CRR)by Reserve Bank of India leads to
- ADecrease in Deposit
- BIncrease in Deposit
- CDecrease in lendable resources
- DIncrease in lendable resources
- ENone of these
32What is meant by development oriented banking
- AInfrastructure Financing
- BTaking up task of development of the economy by providing support to under privileged sections of the society
- CExtending loans to states which are underdeveloped
- DAll of the above
- ENone of these
33What is the principal function of SIDBI
- AFinance of SSI
- BPromote of SSI
- CDevelopment of SSI
- DAll of the above
- ENone of these
34Which of the folowing is provided by the Reserve Bank of India for meeting day to day receipt and expenditure mismatch to both central and state Governments
- ATreasury Bills
- BDate and securities
- Cways and means advance
- Dall of the above
- ENone of these
35Which of the following is classified as Public Sector Banks
- AICICI Bank
- BYes Bank
- CIDBI Bank
- DLocal area Banks
- ENone of these
36Reserve Bank of India known as lender of last resort because
- AIt has to meet the credit need of citizens to whom no one els is willing to lend
- BIt comes to help bank in times of crisis
- CBanks lend to go to RBI as a last resort
- DAll of the above
- ENone of these
37The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as
- ACash crunch
- BCredit
- CLiquidity
- DMarketability
- ENone of these
38The banker-customer relationship in credit card payment is
- AAgent-Principal
- Bprincipal-agent
- CCreditor-Debtor
- DDebtor-Creditor
- ENone of these
39which of the following committee is set up for giving clear definitions to FDI and FII with an aim to remove ambiguity over the two types of Foreign Investments.
- AGopinath Committee
- BArvind Mayaram Committee
- CSubir Gokran Committee
- DSushma Nath Committee
40Loans of very small amount given to low income group is called
- Acash credit
- BNo Frill credit
- CRural Credit
- DMicro Credit
- ESimple Overdraft
Information
- Description
- banking awareness
- Author
- dahakesv
- Language
- English
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