Banking Awareness Quiz for Bank Exams - 37

Usefull For All Bank Exams - SBI, IBPS, NICL, LIC

Q1.Every year at the time of presenting the Union Budget what among the following is not setted ?

A. Income Tax Rate

B. Defense Service Expenditure

C. Relief package of different classes of the society

D. Rapo and Reverse Repo Rate 

E. None of these

Q2.By which of the following institutions, supply of currency is controlled in India ?

A. Planning Commission

B. Nationalised Bank

C. Reserve Bank of India

D. Finance Commission

E. None of these

Q3.There are certain financial instruments whose prices are devived from the price of the underlying currency of interest rate or stocks etc. These are known as ?

A. Derivatives

B. Securitization

C. Leasing

D. Factoring

E. Venture capital funding

Q4.Which of the following is alos termed as or better known as demand deposit ?

A. Fixed deposit

B. Saving deposit

C. Current deposit

D. Recurring deposit

E. None of these

Q5.Which of the following is a form of plastic money ?

A. Ten rupees note

B. Coins

C. ATM cards

D. All of the above

E. None of the above

Q6.CRR is in this form of ?

A. gold 

B. government securities

C. cash

D. cash and gold

E. None of these

Q7.Which of the following business is prohibited as per section 8 of Banking regulation Act, 1949 ?

A. Trading

B. Leasing

C. Under writing

D. Executing trust

E. None of these

Q8.Which of the following is the deadline set by RBI for banks to complete their confirmation to the Basel-II norms ?

A. March 2018

B. March 2020

C. March 2016

D. March 2021

E. None of these

Q9.NEFT means ?

A. Non Effective Fund Transfer System

B. Negotiated Effecient Fund Transfer System

C. National Efficient Fund Transfer System

D. National Electronic Fund Transfer System

E. None of these

Q10.The National Housing Bank was set-up in India as a wholly-owned subsidiary of which one of the following ?

A. LIC

B. GIC

C. NABARD

D. Government

E. RBI

Q11.The capital adequacy norms in banks were introduced by RBI in ?

A. April 1991

B. April 1992

C. March 1992

D. July 1992

E. None of these

Q12.The RBI's method of credit may be broadly classified into ?

A. Quantitative and qualitative

B. Open and close

C. Monetary and fiscal

D. Ruaral and urban

E. None of the above

Q13. A scheme of financial inclusion, known as Swabhimaan, was launched in ?

A. 28th February, 2010

B. 10th February, 2011

C. 25th February, 2009

D. 29th January, 2011

E. None of these

Q14.What do you mean by Non-performaing Assets ?

A. The assets in the form of gold and silver

B. The assets that have stopped giving income to a bank

C. The assets that have stopped giving capital to bank

D. All of the above

E. None of the above

Q15.What is the meaning of Disinvestment ?

A. It is reduction by the GOI of its share in PSU's

B. It is Increasing of GOI's share in PSU's

C. It means Investment by GOI in foreign companies

D. It means Investment by foreigners in India companies

E. None of these