Quiznetik

Banking Awareness | Set 7

1. To make KCC a Smart Card cum Debit Card, Government of India had constituted a Working Group under the Chairmanship of

Correct : D. T.M. Bhasin

2. Which of the following banking does not come under Social Banking?

Correct : C. Allowing students to credit their scholarships through No-frill accounts

3. Loan of very small amounts given to low income groups is called

Correct : B. Micro credit

4. What is the maximum period for which domestic term deposits are normally accepted by banks in our country?

Correct : D. 10 years

5. Banking in India is controlled by:

Correct : A. Reserve Bank of India

6. Which bank was the sponsor of Prathama Gramin Bank?

Correct : D. Syndicate Bank

7. With whom does the ownership of Public sector banks rest?

Correct : B. Jointly with Government of India and share- holders from the public

8. In which years RBI and SBI are nationalized respectively?

Correct : C. 1949, 1955

9. Who is conferred with the Central Banker of the Year Award (Global and Asia Pacific) for 2016 monthly publication?

Correct : B. Raghuram Rajan

10. Which of the following sets up core banking infrastructure for rural banks?

Correct : B. NABARD

11. Which of the following is foreign bank having offices/branches in India?

Correct : E. Standard Chartered Bank

12. Production is

Correct : C. Creation of Utility

13. What is the cost of credit expressed as a percentage on a yearly basis called?

Correct : A. APR

14. The main function of an Asset Management Company is to:

Correct : B. manage the funds by making investments in various types of securities

15. RBI uses bank rate in order to control                       .

Correct : A. Money supply, volume of bank credit and cost of bank credit.

16. Which of the following terms is used in the field of banking and finance?

Correct : A. Investment

17. Forfaiter is

Correct : A. an intermediary between an exporter and importer

18. Electronic fund transfers like RTGS and NEFT are operated and maintained by                       .

Correct : C. Reserve Bank of India (RBI)

19. Which of the following banks has opened the country‘s first ―Cash Factory‖ in Lucknow which will issue currency notes to all its branches and ATM in the area?

Correct : C. State Bank of India

20. National Payments Corporation of India (NPCI) is being used by banks for .

Correct : B. Clearing and settlement

21. Expand IFSC .

Correct : A. Indian Financial System Code

22. First state cooperative bank to have its own ―RuPay‖ ATM cum Debit Card is ?

Correct : A. HP

23. In EDLI, what is the meaning of L?

Correct : B. Linked

24. It is a tax which is levied at the same rate at all income levels.

Correct : C. Proportional Tax

25. The debit card holder can perform which of the following functions ?

Correct : E. All of the above

26. Bank Rate is……….?

Correct : A. Rate at which commercial banks borrow long term funds from Central Bank.

27. What is used to manage cash flows in different currencies?

Correct : D. Currency swap

28. The govt. of India replaced the FERA by……….?

Correct : A. FEMA

29. Increase in Service tax came is effective from?

Correct : A. 1st june 2016

30. Where are the headquarter of National Housing Bank (NHB)?

Correct : A. New Delhi

31. ―CAMEL model‖ is used by ?

Correct : C. RBI inspectors to evaluate banks functions

32. Credit cards are cards which are also known as

Correct : A. Plastic cards

33. Full form of QIB is

Correct : C. Qualified Institutional Buyers

34. Which from the following is NOT true when the interest rate in the economy goes up?

Correct : D. Return on capital increases

35. Except one of the following instruments others are issued at discount. Identify the exception ?

Correct : D. A Fixed Deposit (FD)

36. What does ―I‖ stand for in ULIP?

Correct : C. Insurance

37. Which of the following is not related to bill of exchange?

Correct : A. Endorser

38. Banks in our country normally publicize that additional interest rate is allowed on retail domestic term deposits of .

Correct : C. Senior citizens

39. On which one of the following issues IMF has supported monetary policy of India?

Correct : D. Tightening of monetary policy

40. In the term STRIPS, the first letter ‗S‘ denotes

Correct : E. Separate

41. Expand the term FRBM

Correct : D. Fiscal Responsibility and Budget Management

42. Where is NDB headquartered?

Correct : D. Shanghai

43. National stock exchange is located -

Correct : B. Mumbai

44. Who is the winner of Tour De France 2015 ?

Correct : B. Chris Froome (Kenyan born British)

45. Which was the first bank to be established in India?

Correct : B. Bank of Hindustan

46. Where is the head quarter of world Health organization (WHO)?

Correct : B. Jeneva

47. The ICC World Twenty 20 cup 2016 hosts by

Correct : A. India

48. What is the full form of MTSS?

Correct : A. Money Transfer Service Scheme

49. ―Banking for all‖ is the tagline of which Bank?

Correct : B. IDBI Bank

50. Relationship between the RBI and the bank maintaining currency chest will be of ?

Correct : D. Principal and agent

51. Who is the minister of "Urban Development Housing & Urban Poverty Alleviation" ?

Correct : A. Rao Inderjit Singh

52. IDBI Bank is a ?

Correct : A. Public Sector Bank

53. Which of the following is a fully-owned subsidiary of RBI?

Correct : D. All of the above

54. Small finance banks are a type of               banks in our country.

Correct : A. niche

55. If a bank is not able to recover its loan and advances it is called

Correct : A. Market Risk

56. According to RBI Regulations, which of the following are allowed to set up small finance banks?

Correct : D. All of the Above

57. Head Quarters of BIS?

Correct : A. Basel, Switzerland

58. BIS stands for ?

Correct : C. Bank for International settlements

59. RWA stands for ?

Correct : C. Risk Weighted Assets

60. As per which act, holidays are provided in the banks?

Correct : C. Negotiable instrument Act –1881

61. Which of the following has most of the bank branches?

Correct : D. State Bank of India

62. World investment report is published by?

Correct : D. UNCTAD

63. On the basis of which commission was RBI established?

Correct : A. Hilton Young Commission

64. Merchant banking in India is governed by:-

Correct : A. SEBI

65. In which of the following States there is no Regional Rural Bank?

Correct : B. Goa

66. National Institute of Bank Management is the institute meant for .

Correct : E. All those given as options

67. Fixed deposits and recurring deposits are .

Correct : E. repayable on demand or after an agreed period as per banker's choice

68. The Asian Development Bank (ADB) is a regional development bank established in 1966. It is headquartered in .

Correct : B. Metro Manila

69. When was Triton Insurance Company Ltd established?

Correct : B. 1850

70. What is the full form of FSDC?

Correct : B. Financial Stability and Development Council

71. Which of the following bank has launched ‗mVisa‘ – a mobile-based payments solution?

Correct : C. SBI

72. Which of the following bank launches India‘s first Mobile ATM?

Correct : C. ICICI Bank

73. If the customer can do all transactions only in a branch and the branch has no online access, it is called .

Correct : D. Brick and Mortar Banking

74. The following are main objectives of the SEBI :-

Correct : D. all of the above

75. The term is defined as a central location for keeping securities on deposit?

Correct : A. Depository

76. The is the apex organization in the Indian money market?

Correct : B. RBI

77. What are the facilities available to the customers through ATM :-

Correct : E. all of the above.

78. Any change in flow of funds and the demand of them, is clearly reflected in?

Correct : A. Call money market

79. The proposed Universal Banks shall be governed by

Correct : E. All of above Acts govern these banks.

80. ————– is a financial intermediary who helps to mobilize and transfer capital from those who possess it to those who need it?

Correct : B. Venture capital

81. The SEBI amended the regulations for REITs recently to facilitate their growth, What is the full form of the term REITs?

Correct : C. Real Estate Investment Trusts

82. ―Entry Load‖ is a term associated with which of the following?

Correct : D. Mutual Funds

83. The BASE III banking rules is a global, voluntary regulatory framework on bank capital adequacy, stress testing and marketing liquidity risk. It will fully kick in by .

Correct : D. March 2019

84. The Reserve Bank of India (RBI) follows the                    financial year.

Correct : C. July to June

85. As per the provision of the Coinage Act, 2011, coins of any denomination not lower than one rupee shall be legal tender for .

Correct : A. Any sum

86. A cheque that is not crossed on the left corner and payable at the counter of the drawee bank on presentation of the cheque, is called ,

Correct : A. Open cheque

87. The RIDF is a fund maintained by the National Bank for Agriculture and Rural Development (NABARD). What does the letter ―R‖ denote in the term RIDF?

Correct : B. Rural

88. Which of the following terms is NOT used in the field of banking?

Correct : D. Knot

89. What is the headquarters of Canara Bank?

Correct : B. Bengaluru

90. Indian Financial Network [INFINET] is the :-

Correct : B. association of the employers of the banking and financial sector

91. As per RBI statement, the proposed Universal Bank shall have a minimum net worth of at lla times.

Correct : A. Rs. 500 crore

92. What is a stale cheque?

Correct : B. A cheque which has completed 6 months from the date of its issue

93. Capital market can be divided into:-

Correct : D. both 1 and 2

94. Who is the president of FICCI?

Correct : C. Pankaj R.Patel

95. The full form of BBPS is

Correct : D. Bharat Bill Payment System

96. Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements as measures of credit control are classified as :-

Correct : A. quantitative methods

97. Interest on savings bank account is now calculated by banks on?

Correct : B. Daily product basis

98. What does ‗I‘ in IDBI stand for?

Correct : D. Industrial

99. Who fixes the interest on Savings Deposit?

Correct : C. Respective Banks

100. Which of the following banks is limited to the needs of agriculture and rural finance?

Correct : D. NABARD