Banking And Financial Awareness Quiz- Set 4

Banking And Financial Awareness Quiz- Set 4

Dear Readers,

Read the Banking Articles and  Daily Banking Quiz/MCQ from Achiever's Rule and get ready for your upcoming Bank exams.

Q1.Which of the following Banks Plans to set up 100 digital villages to promote Digital Banking ?
A. Dena Bank
B. Vijaya Bank
C. Oriental Bank of Commerce
D. NABARD
E. None of these

Q2.Which of the following statements is not true about the upcoming Rs. 500 currency notes ?
A. It's design will be similar to the 2017 introduced Rs. 500 currency notes
B. It will have the signature of Dr. Urjit K Patel
C. It will bear the printing year 2017 on the reverse side
D. It will have inset letter A in both number panels
E. None of these

Q3.The first Paytm Payment Bank is located at which city ?
A. New Delhi
B. Gurugram
C. Noida
D. Lukhnow
E. Chandigarh

Q4.Which of the following is not a feature of upcoming Re. 1 note ?
A. It will be pink-green on the obverse and reverse in combination with other colours
B. It will bear the rupee symbol
C. It will be issued by the Reserve Bank of India
D. The watermarks will include Ashoka Pillar, hidden numeral 1 and hidden word Bharat in Hindi
E. None of these

Q5.NEFT stands for which of the following ?
A. National Electronic Fund Transfer
B. National Equity Fund Transaction
C. National Electronic Fund Transaction
D. Non Electronic Fund Transfer
E. None of these

Q6.Which of the following is not a feature of Paytm Payment Bank ?
A. It accepts deposits upto 1 Lakh per customer in savings/ current account and wallet
B. It offers the services like Debit card, online banking and mobile banking
C. It offers the facility of online fund transfer to it's customer at free of cost
D. It will be allowed to lend to customers
E. None of these

Q7.Which of the following steps has taken by the RBI to tackle bad loans ?
A. It proposes to include some members to constitute requisite benches
B. It works on a framework to facilitate consistent decision making in bankruptcy
C. It reconstitutes an Oversight Committee to operate banking ordinance
D. It works on a framework to facilitate consistent decision making in insolvency
E. All of these

Q8.Who has appointed as the CEO of Bank of India by ACC ?
A. Sunil Mehta
B. Dinabandhu Mahapatra
C. Melwyn Rego
D. Rajkiran Rai G
E. None of them

Q9.JLF stands for which of the following ?
A. Joint Leased Fund
B. Joint Lending Forum
C. Joint Lender's Forum
D. Joint Lender's Federation
E. None of these

Q10.The head office of Union Bank of India is situated at which city ?
A. New Delhi
B. Mumbai
C. Kolkata
D. Chennai
E. Gurugram

Q11.CRR stands for which of the following ?
A. Credit Reserve Ratio
B. Credit Reverse Ratio
C. Cash Reserve Ratio
D. Cash Reverse Ratio
E. None of these

Q12.Which of the following statements is true about Deflation ?
A. It is an increase of price of goods and services that projects Indian Economy
B. It happens when goods are fewer and buyers are more
C. It happens when there is more demand and less supply
D. It is a continuous decrease in prices of goods and services
E. None of these

Q13.PLR stands for which of the following ?
A. Premium Interest Rate
B. Prime Interest Rate
C. Prime Investment Rate
D. Premium Investment Rate
E. None of these

Q14.Which of the following is true about FII ?
A. It is used to denote an investor mostly in the form of an institution
B. It proposes to invest in Indian Market
C. It generally purchases in large volumes which has impact on stock markets
D. It includes Pension Funds, mutual funds etc.
E. All of these

Q15.IPO stands for which of the following ?
A. Initial Payment Offering
B. Initial Public Offering
C. Intermediate Public Offering
D. Immediate Payment Offering
E. None of these