Banking Quiz: Part 4[ Banking ]

Banking Quiz:Part 4

Q1 A centralised database with online connectivity to branches, Internet as well as ATM network which has been adopted by almost all major banks of our country is named as?
A.Investment banking
B.Core banking
C.Mobile banking
D.National banking


Q2.Basel II Structure is based on how many pillars?
A.Two
B.Ten
C.Four
D.Three


Q3.To issue note which one of the following methods is currently used in India??
A.Fixed Fiduciary System
B.Minimum Reserve System
C.Proportional Reserve System
D.Maximum Fiduciary System


Q4.Which among the following year marked the beginning of the history of agricultural co-operative banks in India?
A.1904
B.1907
C.1906
D.1907


Q5.NEFT means?
A.National Electronic Funds Transfer System
B.Non-Effective Fund Transfer System
C.Negotiated Efficient Fund Transfer System
D.National Efficient Fund Transfer Solution


Q6. Which among the following of the acts is specially launched to facilitate banks in recovery of bad loans?
A.SARFAESI Act
B.Banking Regulation Act
C.RBI Act
D.Companies Act


Q7. Insurance companies in India are regulated by ?
A.IRDA
B.RBI
C.SEBI
D.AMFI


Q8. Scheduled bank is  known as a bank?
A.Governed by the Banking Regulation Act, 1949
B.Authorised to transact government business
C.Incorporated under the Companies Act, 1956
D.All of the above


Q9. A company which pools money from investors and invests in stoks, bonds and shares is called?
A.Mutual fund
B.Bank
C.Bank assurance
D.An insurance company


Q10.What is the purpose of introducing ‘know your customer’ norms by the banks?
A.To ensure whether the money deposited in the bank is of and India or a foreign national
B.To bring more and more people under the banking net
C.To ensure that the money deposited in banks has come from genuine sources
D.To bring more and more people under the banking net