Banking Awareness | Set 10

1. In the field of banking, what does ADF stand for?

A. Additional Dearness Allowance

B. Automated Data Flow

C. Additional Deposit Allowance

D. Automated Deposit Allowance

E. None of the Above

Correct : B. Automated Data Flow

2. A financial contract that derives its value from another asset or an index of asset values is known as

3. Central Bank ofa county is also known as the -

4. What is meant by a stale cheque?

A. A cheque which is lost or stolen

B. A cheque which is more than three months old from the date of the cheque

C. A cheque which is defaced/ mutilated

D. A cheque from an account which is closed

E. None of these

Correct : A. A cheque which is lost or stolen

5. The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act as present is not applicable to

A. Public sector banks

B. Private banks

C. Non- banking financial companies

D. Financial institutes of the government

E. None of these

Correct : C. Non- banking financial companies

6. Which bank bagged the prestigious ‗Bank of the year‘ award 2015?

9. Slogan of Indian Bank ?

A. You can always bank on us

B. Where every individual is committed

C. Good people to bank with

D. Your Tech – Friendly Bank

E. None of these

Correct : D. Your Tech – Friendly Bank

10. Corporation Bank is a public sector banking company headquartered in..........?

12. Bill of lading is a :

A. Negotiable Instrument

B. Non- negotiable Instrument

C. Quasi-Negotiable Instrument

D. All of the above

E. None of the above

Correct : C. Quasi-Negotiable Instrument

13. What is true about 'white Card ":

A. It is related to companies producing milk products

B. It does not carry on its face, the brand of the issuer

C. It is meant to covert money into the economy

D. All of the above

E. None of the above

Correct : B. It does not carry on its face, the brand of the issuer

14. Balance in a current account is classified as –

16. Which of the following bodies regulates the Regional Rural Banks?

17. In India, Micro finance development and Equity fund is maintained by-

A. Small industries development Bank of India(SIDBI).

B. RBI(Reserve bank of India).

C. Nabard(National bank for Agriculture and rural development).

D. CII(Confederation of industries in India).

E. None of these

Correct : E. None of these

18. Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:-

19. What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty?

20. The soon to be set up proposed Micro Units Development Refinance Agency (Mudra) Bank will be first set up as a subsidiary of the

21. Service Area Approach (SAA) is associated With?

A. Development banks

B. Branches of commercial banks situated in metro cities

C. Urban branches of commercial banks

D. Rural and Semi-urban branches of commercial banks

E. None of these

Correct : D. Rural and Semi-urban branches of commercial banks

22. The credit policy of a bank does not consists of?

23. Which of the following is the first commercial bank ?

24. Bitcoin is a_ .

25. Financial institution that does not supervised by a national or international banking regulatory agency?

26. In banking the term DTL refers to;

A. Detail time limit.

B. Demand and time limit.

C. Demand and time liabilities.

D. All of the above

E. None of these.

Correct : C. Demand and time liabilities.

28. Drawee in the bank cheque is

29. First Multi-currency international Debit Cards are issued in India by .

30. Which was the first bank to set up talking ATM in India?

31. Current accounts are meant and useful for ?

A. Investment purposes

B. Identity purposes

C. Savings purposes

D. Day-to-day business needs

E. Operational convenience

Correct : D. Day-to-day business needs

32. CBS stand for?

A. Centralised banking system

B. Computer based Solution

C. Core banking Solution

D. Customised banking Solution

E. None of the Above

Correct : C. Core banking Solution

33. Reserve Bank of India was setup on the recommendations of which of the following commission/committee?

34. An average citizen cannot a savings account in which of the following?

35. Financial inclusion is meant for -

37. When Repo rate is reduced by RBI, it leads to

A. reduction of cost to borrowers on loans from banks

B. increase in cost of loans to borrowers from banks

C. reduction in cost of borrowing by banks from RBI

D. increase in cost of borrowing by banks from RBI

E. None of these

Correct : C. reduction in cost of borrowing by banks from RBI

38. Which instrument cannot be transferred from one person to another by endorsement?

40. ‗MAT‘ is an acronym which stands for-

A. Maximum Alternate Tax

B. Minimum Alternate Tax

C. Minimum Affordable Tax

D. Maximum Affordable Tax

E. None of the above

Correct : B. Minimum Alternate Tax

41. DEPB (Duty Entitled Passbook) scheme which ended in September 2011 was related to-

A. Foreign direct investment

B. Foreign institutional investment

C. Export promotion

D. Import substitution

E. None of the above

Correct : C. Export promotion

43. Loans of very small amounts given to low income groups is called

44. Money loaned by a bank or other institution which is repayable on demand is called as ?

45. What does ADB stand for?

46. Which of the following is one of the main functions of the Reserve Bank of India?

A. Regulation of the Stock Markets

B. Regulation of Life Insurance

C. Regulation of General Insurance

D. Regulation of Mutual Funds in India

E. Banker's Bank

Correct : E. Banker's Bank

48. Which Bank has launched IT Innovation Start-up Fund to support start-ups in the financial technology (finetech) space?

49. as approved a 500 million dollars loan to build a bridge across the Ganga River in Bihar

A. Asian Infrastructure Investment Bank

B. World Bank

C. Asian Development Bank

D. Intenational Monetary Fund

E. None of these

Correct : C. Asian Development Bank

50. Which Bank has launched India‘s first internationally-listed certified green bond to finance climate change solutions around the world at London Stock Exchange (LSE)?

51. According to accepting public deposits, NBFCs can be classified into broad categories.

52. A Credit Guarantee Trust Fund has been set up for guaranteeing Collateral Free Facilities by lending institutions to Small Scale Industries. This fund is being managed by which of the following institutions?

53. External Commercial Borrowings (ECBs) form part of?

54. Closed Economy is one in which:

A. only export takes place

B. money supply is fully controlled

C. deficit financing takes place

D. neither export nor import takes place

E. None of the above

Correct : D. neither export nor import takes place

56. After State Bank of India, which of the following banks has the largest number of offices?

57. With which of following types of loans are teaser rates related?

58. In which denomination were India's first bimetallic coins issued in the year 2009?

59. Part of company‘s earning or profit which is paid out to share holders is known as

61. The ability of commercial banks to increase their deposits by expanding their loans and advances is known as .

62. Which was the first bank to introduce ATM in India?

66. Which of the following terms is used in banking field?

67. Which of the following banks was inaugurated by Mahatma Gandhi in 1919?

68. The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called

69. What does ‗S‘ stand for in the abbreviation ‗MSF‘?

70. What is the term for a bank without any branch network that offers its services remotely?

71. Which is the first Indian bank that started solely with Indian capital investment?

72. CRISIL is a .

73. Which of the following is/are used in the loan approval processes?

75. Largest shareholder of a nationalized bank is:-

76. Who is the MD and CEO of Vijaya Bank?

77. Public Sector Banks are required to pay how much percentage of their net bank credit to Priority Sector in advance?

78. Certificate of Deposits can be issued for a maximum period of ?

79. What is the full form of SEPA?

A. Simple Euro Payments Area

B. Simple Euro Payments Attempt

C. Single Euro Payments Area

D. Single Euro Payments Attempt

E. Standard Euro Payments Are

Correct : C. Single Euro Payments Area

80. ―Banking with personal touch‖ is the tagline of

81. Which bank had the highest concentrations of operations overseas in 2010?

82. Which of the following is the central bank of U.S.A?

84. Bank can grant Loans against..?

86. Telebanking service is based on .

87. Which one of the following does not quality as priority sector lending by Commercial Banks?

88. Which state is called the ‗Cradle of Banking‘ in India, as seven leading banks of India have originated from this state?

89. For using safe deposit locker facilities, bank customers pay

90. What is the full form of ECB?

A. External Cooperative Borrowings.

B. Extra Cooperative Borrowings.

C. External Commercial Borrowings.

D. Extra Commercial Borrowings.

E. None of these

Correct : C. External Commercial Borrowings.

91. The definition of 'Banking' is given in

A. Negotiable Instrument Act. 1881

B. RBI Act, 1934

C. The Banking Regulation Act, 1949

D. The Indian Contract Act, 1872

E. None of these

Correct : C. The Banking Regulation Act, 1949

92. Which of the following is the least liquid asset ?

93. What does cheap rate imply?

A. Interest are very high

B. Interest rate are very low

C. Interest are medium

D. All of the above

E. None of these

Correct : B. Interest rate are very low

95. Per capita income is obtained by dividing national income by

A. Area of the country

B. Total working population

C. Volume of the capital used

D. Total population of the country

E. None of these

Correct : D. Total population of the country

96. How many digits are there in Mobile Money Identifier (MMID)?

98. Expand the term FRBM?

A. Financial Responsibility and Business management

B. Fiscal Responsibility and Business management

C. Financial Responsibility and Budget Management

D. Fiscal Responsibility and Budget Management

E. Formal Responsibility and Business Management

Correct : D. Fiscal Responsibility and Budget Management

99. The Pre Shipment finance is provided by the banks only to

Quiznetik

Banking Awareness | Set 10

1. In the field of banking, what does ADF stand for?

2. A financial contract that derives its value from another asset or an index of asset values is known as

3. Central Bank ofa county is also known as the -

4. What is meant by a stale cheque?

5. The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act as present is not applicable to

6. Which bank bagged the prestigious ‗Bank of the year‘ award 2015?

7. Which bank has installed world‘s first ATM

8. The maturity period of recently introduced Gold Bonds is –

9. Slogan of Indian Bank ?

10. Corporation Bank is a public sector banking company headquartered in..........?

11. The head of the SBI is designated as:

12. Bill of lading is a :

13. What is true about 'white Card ":

14. Balance in a current account is classified as –

15. Which of the following forms of securing a loans is the safest one?

16. Which of the following bodies regulates the Regional Rural Banks?

17. In India, Micro finance development and Equity fund is maintained by-

18. Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:-

19. What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty?

20. The soon to be set up proposed Micro Units Development Refinance Agency (Mudra) Bank will be first set up as a subsidiary of the

21. Service Area Approach (SAA) is associated With?

22. The credit policy of a bank does not consists of?

23. Which of the following is the first commercial bank ?

24. Bitcoin is a_ .

25. Financial institution that does not supervised by a national or international banking regulatory agency?

26. In banking the term DTL refers to;

27. NABARD Bank for Agriculture and Rural Development was established in

28. Drawee in the bank cheque is

29. First Multi-currency international Debit Cards are issued in India by .

30. Which was the first bank to set up talking ATM in India?

31. Current accounts are meant and useful for ?

32. CBS stand for?

33. Reserve Bank of India was setup on the recommendations of which of the following commission/committee?

34. An average citizen cannot a savings account in which of the following?

35. Financial inclusion is meant for -

36. Euro money is the official currency of -

37. When Repo rate is reduced by RBI, it leads to

38. Which instrument cannot be transferred from one person to another by endorsement?

39. NCAER is located in

40. ‗MAT‘ is an acronym which stands for-

41. DEPB (Duty Entitled Passbook) scheme which ended in September 2011 was related to-

42. Insurance cover for bank deposits in our country is provided by

43. Loans of very small amounts given to low income groups is called

44. Money loaned by a bank or other institution which is repayable on demand is called as ?

45. What does ADB stand for?

46. Which of the following is one of the main functions of the Reserve Bank of India?

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

48. Which Bank has launched IT Innovation Start-up Fund to support start-ups in the financial technology (finetech) space?

49. as approved a 500 million dollars loan to build a bridge across the Ganga River in Bihar

50. Which Bank has launched India‘s first internationally-listed certified green bond to finance climate change solutions around the world at London Stock Exchange (LSE)?

51. According to accepting public deposits, NBFCs can be classified into broad categories.

52. A Credit Guarantee Trust Fund has been set up for guaranteeing Collateral Free Facilities by lending institutions to Small Scale Industries. This fund is being managed by which of the following institutions?

53. External Commercial Borrowings (ECBs) form part of?

54. Closed Economy is one in which:

55. IDBI was established in

56. After State Bank of India, which of the following banks has the largest number of offices?

57. With which of following types of loans are teaser rates related?

58. In which denomination were India's first bimetallic coins issued in the year 2009?

59. Part of company‘s earning or profit which is paid out to share holders is known as

60. What is the duration of Public Provident Fund (PPF) account?

61. The ability of commercial banks to increase their deposits by expanding their loans and advances is known as .

62. Which was the first bank to introduce ATM in India?

63. What is the GDP growth projected in the 2015-16?

64. ‗Which bank launched smart star account?

65. In which year was the Reserve Bank of India established ?

66. Which of the following terms is used in banking field?

67. Which of the following banks was inaugurated by Mahatma Gandhi in 1919?

68. The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called

69. What does ‗S‘ stand for in the abbreviation ‗MSF‘?

70. What is the term for a bank without any branch network that offers its services remotely?

71. Which is the first Indian bank that started solely with Indian capital investment?

72. CRISIL is a .

73. Which of the following is/are used in the loan approval processes?

74. The Base rate of each bank is to be reviewed after every

75. Largest shareholder of a nationalized bank is:-

76. Who is the MD and CEO of Vijaya Bank?

77. Public Sector Banks are required to pay how much percentage of their net bank credit to Priority Sector in advance?

78. Certificate of Deposits can be issued for a maximum period of ?