Quiznetik

Banking Awareness | Set 12

1. The Rate at which the domestic currency can be converted into foreign currency and vice versa is called as

Correct : D. Exchange rate

2. MD and CEO of Canara Bank is

Correct : C. Rakesh Sharma

3. Which bank has deployed humanoid/mobile robot named IRA (Intelligent Robotic Assistant) in one of its branch to help branch staff in servicing customers?

Correct : A. HDFC Bank

4. is an account maintained in foreign currency with an Authorised Dealer Bank.

Correct : A. Exchange Earners’Foreign Currency Account

5. Which bank launched home loan overdraft facility for salaried customers?

Correct : B. ICICI bank

6. Which of the following allowed Non-Resident Indians (NRI) to subscribe to NPS?

Correct : D. RBI

7. Who among the following is the guardian of the PFRDA, subject to his Financial Emergency Powers, as per the Articles of Indian Constitution?

Correct : C. President

8. Khandelwal Committee relates to study of ………….. issue in Public Sector Banks?

Correct : B. Human Resources

9. The Nippon Ginko is the central bank of:

Correct : D. Japan

10. Bankers have to maintain secrecy of customer accounts as per the provisions of

Correct : C. Banking Companies (Acquisition and Transfer Undertaking) Act, 1970

11. What does RBI regulate through Open Market Operation Transactions?

Correct : D. Liquidity in economy

12. What is the full form of CBS?

Correct : A. Core Banking Solution

13. The name of the currency in Dubai and the United Arab Emirates is

Correct : D. Dirham

14. Which of the following organisations releases "World Economic Outlook" Report ?

Correct : C. International Monetary Fund

15. Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)?

Correct : A. ING Vysya Bank

16. Which among the following is the first universal bank of India?

Correct : C. ICICI

17. Which of the following is the first Regional Rural Bank of India?

Correct : D. Prathama Bank

18. An Asset Management Company is promoted for which of the following purposes?

Correct : B. To manage the funds of a mutual fund

19. has been declared the first ‗total banking state‘ in India, successfully implementing the total financial inclusion thereby ensuring banking facility to all households.

Correct : B. Kerala

20. Which of the following is an example for Long Investment Option?

Correct : C. Public provident fund

21. India Post Payments Bank(IPPB) will offer

Correct : E. All of these

22. are the beneficiaries of the ―Reverse Mortgage Scheme‖.

Correct : B. Senior citizens

23. Which of the following banks recently launched ―Smart vault‖ digital locker facility?

Correct : E. ICICI

24. Which among the following bank has bagged the ‗Best MSME Bank Award 2016‘ instituted by Assocham?

Correct : A. Corporation Bank

25. Which facility was set up by State bank of India on recommendation of Iyer Committee in 1991?

Correct : C. BANKNET

26. The significance of index linked bonds is?

Correct : D. Both (a) and (b)

27. SLR is maintained by banks on which of the following –

Correct : D. Net Demand and Time Liabilities

28. ―We Make You Feel Richer‖ is the tagline of

Correct : C. IndusInd Bank

29. Which of the following Rates/Ratios is not covered under the Monetary and Credit Policy of the RBI?

Correct : D. Exchange Rate of Foreign Currencies

30. What is the expanded form of ECS as used in banking sector?

Correct : C. Electronic Clearing Service

31. Many a times Government raises additional resources through taxation & allocation of expenditure as per its requirements. It is known as           .

Correct : B. Fiscal Policy

32. Where is the headquarter of Federal Bank?

Correct : A. Kochi

33. Which of the following agencies is associated with the business of Insurance sector as a regulator?

Correct : B. IRDA

34. Which of the following is a Central Recordkeeping Agency For National Pension System?

Correct : D. NSDL

35. When was the Small Industrial Development Bank of India established?

Correct : E. 2 April 1990

36. Pension Fund Regulatory and Development Authority (PFRDA) is authorized by?

Correct : D. Ministry of Finance

37. New Bank of India was merged with which bank?

Correct : B. PNB

38. The headquarters of Pension Fund Regulatory and Development Authority (PFRDA) is?

Correct : C. New Delhi

39. Who is the Managing Director and CEO of IndianBank?

Correct : E. Kishor Kharat

40. Which of the following is not Non Commercial Bank ?

Correct : A. SIDBI

41. Gilt – edged securities can be used to maintain .

Correct : D. SLR

42. In which year does the RBI has introduced the Banking Ombudsman Scheme?

Correct : C. 1995

43. Largest shareholder (in percentage shareholding) of a nationalized bank is.

Correct : D. Govt. of India

44. In National Pension System(NPS), PRA Stands for?

Correct : E. Personal Retirement Account

45. Which of the following is a measure taken by Reserve Bank of India to control inflation in our country?

Correct : C. Contraction of supply of currency

46. The maximum Statutory Liquidity Ratio to be maintained by banks is

Correct : D. 40%

47. In banking parlance, ‗NPA‘ stands for?

Correct : A. Non-Performing Asset

48. Which of the following is Annuity Service Provider?

Correct : A. Life Insurance Companies

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

Correct : E. DICGC

50. Headquarters of Dhanlaxmi Bank located in

Correct : A. Kerala

51. National Insurance Academy located in                 .

Correct : C. Pune

52. In banking terminology bad loans refer to ---- --------------.

Correct : B. Non performing assets

53. Who is issuing license to perform insurance business by banks

Correct : B. IRDA

54. India Millennium deposit Scheme was introduced by .

Correct : B. SBI

55. The bank conducts Government business as an agent of

Correct : B. Reserve Bank of India

56. What is the money, which was accepted temporary in lieu of gold?

Correct : D. Fiat Money

57. Which of the following is known as a Savings Bank Account opened with a commercial bank with zero balance or very minimal balance?

Correct : B. No-frills Account

58. The Bank of Calcutta, Bank of Bombay and Bank of Madras were merged in 1921 to form-

Correct : B. Imperial Bank of India

59. Mobile banking is set to get a boost from IMPS, which stands for----------------

Correct : A. Inter-Bank Mobile Payment Service

60. The headquarters of SIDBI is in-

Correct : A. Lucknow

61. In Regional rural Banks state government has shareholding of

Correct : B. 15%

62. Tagline of Punjab and Sindh Bank is

Correct : B. where service is a way of life

63. Which of the following is the headquarters of Narmada Jhabua Grameen Bank?

Correct : D. Indore, MP

64. What is the full form of the term OBU?

Correct : C. Off-shore banking units

65. In which of the following cities, The Head Office of FICCI is located? 1518). Fixed deposits are for the bank in general

Correct : B. Time liability

66. The term ―Insider Trading‖ is related to

Correct : A. Share market

67. The Currency of Hungary is

Correct : C. Forint

68. NABARD was set up with an initial capital of-

Correct : D. Rs 100 crore

69. The headquarters of Malwa Gramin Bank is?

Correct : D. Sangrur Punjab

70. The headquarters of Langpi Dehangi Rural Bank is?

Correct : C. Diphu, Assam

71. The safest form of crossing is

Correct : B. Account payee crossing

72. The headquarters of Gramin Bank Of Aryavrat is?

Correct : B. Lucknow, Uttar Pradesh

73. Headquarters of Syndicate Bank in

Correct : C. Manipal

74. What is meant by a Scheduled Bank ?

Correct : B. A Bank included in 2nd schedule of RBI Act 1934

75. National Income of India is estimated by?

Correct : C. Central Statistical Organization

76. The maturity of Treasury Bills in India is always less than

Correct : C. 365 Days

77. Which of the following is the basic objective of R.B.I's monetary policy ?

Correct : D. To control cost and availability of money

78. Deposits under NRE/FCNB accounts are linked to-

Correct : C. LIBOR

79. How many parties primarily involved in a Promissory Note?

Correct : A. Two

80. C V R Rajendran is the MD and CEO of which private sector bank?

Correct : B. Catholic Syrian Bank

81. Loan taken by the person, not telling the purpose of taking loan is called

Correct : D. Personal Loan

82. Group of people such as workers who pool their money together for savings and to make loan is called a/an

Correct : B. Credit Union

83. Which one of the following is called as initial repayment holiday given to a borrower for repayment of loan?

Correct : B. Moratorium

84. What does RTGS enable?

Correct : A. Immediate transfer of money from customer of one bank to customer of another bank

85. ―Experience our expertise‖ is the tagline of                       .

Correct : C. Yes Bank

86. The higher denomination banknotes in Rs. 1,000 ,Rs. 5,000 , Rs. 10,000 were reintroduced by RBI in the year

Correct : D. 1954

87. Which of the following is held by a depository?

Correct : E. All of these

88. Cash Reserve Ratio is maintained in the form of?

Correct : B. Balance with Reserve Bank of India

89. National Securities Depository Limited(NSDL) is promoted by?

Correct : E. All of these

90. Which private sector bank is recently merged with Kotak Mahindra Bank (KMB)?

Correct : A. ING Vysya Bank

91. Which of the following is an investment strategy in which a fund invests in other types of funds?

Correct : D. Funds of Fund

92. Banks have started opening bio-metric ATMs now. Such ATMs will prove most beneficial for which of the following categories of customers ?

Correct : E. Illiterate people

93. Which bank first introduced Automated Teller Machine (ATM) in India (1987)?

Correct : D. HSBC

94. Who has been appointed the interim Managing Director and CEO of India Post Payments Bank (IPPB)?

Correct : D. A P Singh

95. Which of the following is the first universal bank of India?

Correct : C. ICICI

96. Which of the following bank headquarters not in New Delhi?

Correct : B. Bank of India

97. In banking terminology the word ―Co - obligant‖ means :

Correct : C. A person who has assumed obligations of contract jointly with other person(s)

98. Ashwani Kumar is the MD and CEO of

Correct : C. Dena Bank

99. A cheque which is not crossed is called

Correct : A. Open cheque

100. Banks has different interest rates for different loans products. To which rate are these interest rates linked?

Correct : C. Base rate