BANKING QUIZ PART -26 (Based on Latest Pattern)

BANKING QUIZ PART -26
As per latest pattern of all Banking Exams

Q1. Real Time Gross Settlement or RTGS enables?

A. Immediate transfer of money from customer of one bank to customer of another bank.
B. Immediate transfer of money  of one branch to customer of another branch within the same bank.
C. Immediate transfer of money from  one country to customer of another country.
D. Immediate transfer of money from customer of one bank to customer of RBI.


Q2. ‘Bulls and Bears’ are terms used in?
A. Bullion markets
B. Stock Exchange
C. Commodity Markets
D. None of these


Q3.‘Nomination’ for a deposit account in the bank means ?
A. Mandate given by the close relative/s of the depositor, to settle the death claim in case of death of the depositor.
B. Mandate decided by the bank to settle the death claim of its depositor
C. Mandate of the depositor in favour of one or more persons, to claim the amount on death of the depositor
D. Mandate of the depositor in favour of a close relative who can claim the amount on death of the depositor.


Q4.What is Repo Rate ? ?
A. It is a rate at which RBI sells government securities to banks
B. It is a rate at which RBI allows small loans in the market
C. It is a rate at which banks borrow rupees from Reserve Bank of India.
D. It is a rate which is offered by Banks to their most valued customers or prime customers


Q5. The Head Quarters of the World Bank is located in___?
A. London
B. Paris
C. New York
D. Washington D. C.


Q6. When a bank dishonours a cheque ?
A. it is called settlement of the cheque
B. it is called withdrawing of the cheque
C. it is called nullifying of the cheque
D. it is called return of the cheque unpaid


Q7. it is called return of the cheque unpaid ?
A. Companies Act, 1956
B. Banking Regulation Act, 1949
C. Reserve Bank of India Act, 1934
D. Special powers conferred on the RBI


Q8. Which of the following is not a primary function of a Bank? ?
A. Granting Loans
B. Issuing Bank Drafts
C. Facilitating import of goods
D. Collecting Cheques/Drafts of customers


Q9.Reserves which can act as a liquidity buffer for commercial banks during crisis times are ?
A. CAR
B. SLR
C. CRAR
D. CRR & SLR


Q10. CDR stands for__________?
A. Corporate Deposit Restructuring
B. Corporate Debt Rollover
C. Corporate Debt Restructuring
D. Company Deposit Restructuring