Banking Awareness Quiz 2017

Banking Awareness Quiz 2017

Q1. Which of the following conducts supervision over commercial banks, financial institution, NBFCs and other Para-Banking financial institution in India ?
A. SEBI
B. Ministry of Finance
C. Board for Financial Supervision,RBI
D. None of these



Q2. Which one of the following is the safest form of crossing ?
A. Double crossing
B. General crossing
C. Special crossing
D. Account payee crossing

Q3. Under which among the following acts,Hawala transactions are banned in India ?
A. FERA
B. FEMA
C. FRBMA
D. AFSPA

Q4. If a customer does not get satisfactory response from the bank regarding his/her complaint to banking ombudsman within how many days/months ?
A. 15 days
B. 10 days
C. 1 month
D. 3 months

Q5. Which of the following is an umbrella institution for all the retail payment systems in India ?
A. RBI
B. SEBI
C. National Payment Corporation Of India
D. Ministry of Finance

Q6. Which of the following approves the drafts of Five Year Plans ?
A. Planning Commission
B. National Innovation Council
C. National Development Council
D. Finance Commission

Q7. Which of the following term is used in banking to describe bad loans ?
A. CBS
B. NPA
C. Prime loans
D. Prime assets

Q8. India is not a member of which of the following organizations ?
A. BRICS
B. IBSA
C. OPEC
D. SAARC

Q9. Which of the following term is used in the field of finance and banking ?
A. Debt instrument
B. Centrifugal force
C. Metabolism
D. None of these

Q10. Which of the following is not the method of measuring national income ?
A. Production method
B. Income method
C. Product method
D. None of these

Q11. When was the committee on national income formed ?
A. August, 1993
B. August, 1949
C. April, 1935
D. April, 1968

Q12. The recession occurring two times with a short gap in between is called ?
A. Double deflaction
B. Double inflaction
C. Double-dip recession
D. Deflation

Q13. Which of the following measures can check inflation ?
A. Surplus budgeting
B. Increase in direct taxation
C. Curtailment in public expenditure
D. All of the above

Q14. Which of the following is a form of "Small Savings Bank" popular among the poor or children ?
A. Core banking
B. Debit banking
C. Credit banking
D. Piggy banking

Q15. When a corporate entity wishes to raise money from the market, it can do that by issuing __________ ?
A. Commercial papers
B. Treasury bills
C. National saving certificate
D. All of the above