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Banking and Financial Awareness Quiz- Set 3

Banking and Financial Awareness Quiz- Set 3

Banking and Financial Awareness Quiz- Set 3

Dear Readers, 
Follow the Banking Articles from Achiever's Rule and boost your confidence before exam. You can practice the Daily Banking and Financial Quiz/MCQ Sets to be ahead.

Q1.What is a Bad Bank ?
A. It gives loan at a very high interest rate
B. It takes over all bad loans and help to sell the property in a private market
C. It takes more time to sanction a loan
D. The loan-policy of this bank is very complex
E. None of these

Q2.NPA stands for which of the following ?
A. Non Profitable Assets
B. New Performing Assets
C. Non Permanent Assets
D. Non Performing Assets
E. None of these

Q3.PARA stands for which of the following ?
A. Private Sector Asset Rehabilitation Agency
B. Public Associated Rehabilitation Agency
C. Public Sector Asset Rehabilitation Agency
D. Private Acquired Rehabilitation Agency
E. None of these

Q4.Which of the following is/ are the function(s) of world Bank ?
A. It works for reduction of poverty worldwide
B. It provides loans to countries of the world for capital programs
C. It promotes gender equality
D. It ensures environmental sustainability
E. All of these

Q5.Which of following banks has established an exclusive vertical for NPA recovery ?
A. United Bank of India
B. Union Bank of India
D. Allahabad Bank
E. None of these

Q6.Which of the following statements is/are true about Bitcoins ?
A. It is a virtual currency
B. It is a crypt-currency and a payment system
C. It is a software protocol
D. Two Types of keys are required to use Bitcoin
E. All of these

Q7.IMPS stands for which of the following ?
A. Intermediate Payment Service
B. Inter Metro Payment Service
C. Inter Market Payment Service
D. Immediate Payment Service
E. None of these

Q8.Which of the following is not an advantage of Bitcoins ?
A. It can not be stolen
B. No transaction cost is required
C. No central Bank has authorized Bitcoin
D. It can not be tracked
E. All are advantages

Q9.NPCI stands for which of the following ?
A. National Payments Corporation of India
B. Non Payment Corporation of India
C. National Profitable Corporation of India
D. Non Profitable Corporation of India
E. None of these

Q10.Which of the following statements is/ are true about PAN?
A. It becomes mandatory for filing Income Tax Return
B. It helps to get Tax deduction
C. It is the most valid financial identity
D. It helps to get the benefit of various Govt. Schemes
E. All of these

Q11.On which year NABARD was established ?
A. 1991
B. 1982
C. 1993
D. 1988
E. None of these

Q12.What is/ are the objective(s) of IMF ?
A. To promote international monetary cooperation
B. To ensure balanced international trade
C. To exchange rate stability
D. To minimize exchange restrictions by promoting multilateral payments
E. All of these

Q13.The head office of UCO Bank is located at which city ?
A. New Delhi
B. Mumbai
C. Hyderabad
D. Kolkata
E. Pune

Q14.The economic growth of a country can be measured by which of the following ?
A. Net National Product
B. Net Domestic Product
C. Per Capita Real Income
D. Gross Domestic Product
E. None of these

Q15.Fiscal Policy is concerned about which of the following ?
A. Export and Import
B. Issue of currency
C. Population Control
D. Public Revenue and Expenditure
E. None of these

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