BANKING QUIZ PART -21 [For BANK & INSURANCE EXAMS]

BANKING QUIZ PART -21

Q1.In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction ? ?
A. RTGS
B. NEFT
C. HRTGS
D. FPMNT



Q2.When there is a difference between all receipts and expenditure of the Government of India, both capital and revenue, it is called ?
A. Revenue Deficit
B. Budgetary Deficit
C. Zero Budgeting
D. Trade Gap

Q3. Which of the following banks /ministries/ bodies is the lender of last resort in India? ?
A. World Bank
B. IMF
C. RBI
D. FINANCE MINISTRY

Q4. The process by which LIC holder can transfer all rights, title and interest under a policy contract to any third person is known as ?
A. Subrogation
B. Escrow
C. Mortgage
D. Assignment

Q5.The EXIM Bank of India was established in ?
A. 1983
B. 1982
C. 1981
D. 1980

Q6. 'SEBI' stand for? ?
A. Securities and Exchange Board of India
B. Social Equity Bureau of India
C. Securities for Exchange Board of India
D. None

Q7.The Holidays of the Banks are declared as per ?
A. Banking Regulations Act
B. Reserve Bank of India Act
C. Negotiable Instruments Act
D. Banking in India Act

Q8.“Experience Next Generation Banking” is the tagline of ?
A. South Indian Bank
B. HDFC Bank
C. Karnataka Bank
D. Standard Chartered Bank

Q9.What is the full form of ‘FINO’ ?
A. Financial Investment Network and Operations
B. Farmers’ Investment in National Organisation
C. Farmers Inclusion News and Operations
D. NONE

Q10.Upper limit prescribed for RTGS transaction is ?
A. Rs.2,00,000
B. Rs.1,00,000
C. Rs.50,00,000
D. No upper limit