Banking and Financial Awareness - Part 23

Daily Banking and Financial Awareness Quiz - Part 23

Effective For SBI PO - IBPS PO - Bank Exams - Insurance Exams

Dear Reader, 

As SBI PO/CLERK, IBPS PO/CLERK Prelims & Mains Exams is scheduled tentatively in the month of May to December. Start daily practice for your upcoming Banking Exams.  It will help you to boost your score. In this section you will get daily 15 questions in the form of Multiple Choice Questions (MCQs).

Q1.Which of the following term is used in banking ?
A. Genetics
B. Carbon test
C. Enzymes
D. Liquidity
E. Protein


Q2.In terms of taxes, what does BCTT stand for ?
A. Banking Cash Transaction Tax
B. Blank Currency Transaction Tax
C. Bankingn Custom Transfer Tax
D. Black Cash Transaction Tax
E. None of these


Q3.International Labout Day is observed on ?
A. 3rd May
B. 8th May
C. 1st May
D. 1st June
E. 1st July


Q4.SEBI is a ?
A. Statutory body
B. Advisory body
C. Constitutional body
D. Non-statutory body
E. None of these


Q5.Which among the following cannot be called as an anti inflationary measure ?
A. Raisin the bank rates
B. Raising the reserves ratio requirements
C. Purchase of securities in the markets
D. Rationing of the credit
E. None of these


Q6.CAD stands for ?
A. Certificate Account Deposit
B. Controller and Auditor Department
C. Capital Account Deficit
D. Capital Asset Deficit
E. None of these


Q7.Banks in India do not allow a person to deposit which of the following types of money ?
A. Money earned through illegal sources
B. Money received as gift/donation
C. Money earned as wages in foreign country
D. Foreign currency earned as consultant charges
E. All of the above


Q8.What is the meaning of the term 'Power of Attorney' ?
A. The power of authority given to any person
B. The power of withdrawing the money from anybody's bank account
C. A written document authorizing anybody to do the work on behalf of the other person
D. All of these
E. None of these


Q9.One can enjoy the "overdraft facility" in ?
A. Fixed Deposit Account
B. Current Account
C. Saving Account
D. Recurring Account
E. None of these


Q10. Index "Residex" is associated with?
A. Share prices
B. mutual fund prices
C. Price Inflation index
D. land prices
E. commodity prices


Q11.Commercial papers are normally issued in the multiple of..............crore ?
A. 10
B. 5
C. 15
D. 2
E. None of these


Q12.A firm is in equilibrium when its ?
A. marginal cost equals the marginal revenue
B. total cost is minimum
C. total revenue is maximum
D. average revenue and marginal revenus are equal
E. None of these


Q13.A measure of inflation which excludes certain items that face voltile price movements, like food and energy, is ?
A. Core inflation
B. Pereferred inflation
C. Mild inflation
D. Stagflation
E. None of these


Q14.Take is the currency of which of the following country ?
A. Belgium
B. America
C. Bangladesh
D. Qatar
E. None of these


Q15.The term 'Syndicate Loan' is in vogue these days. What is the meaning of the term 'Syndicate Loan' ?
A. It is the loan provided by group of ompanies
B. It is the loan provided by group of banks
C. It is unsecured loan
D. It is a loan provided to group of individuals
E. None of these