Banking Awareness Quiz 2015 – Set 12

Hello and welcome to ExamPundit. Here is a set of Banking Awareness Quiz for Bank Exams 2015.

1. Which of the
following can be called as intermediary in the Financial System?
(a) Insurance companies
(b) Banking companies
(c) Mutual funds
(d) All the above
(e) None of the above
2. Which type of
machine is used by Business Correspondents?
(a) Micro ATMs
(b) POS
(c) Biometric Card Reader
(d) Solar empowered
(e) Water resistant
3. The ceiling for
repatriation of funds from NRE/FCNR accounts is:
(a) Rs.2 lakhs
(b) Rs.5 lakhs
(c) Rs.10 lakhs
(d) No ceiling
(e) None of the above
4. Some banks are
financing big projects like construction of roads, bridges etc. Financing such

projects means banks are helping exactly
(a) Infrastructural Development
(b) Project Management
(c) Developing core sector Industry
(d) Financial Inclusion
(e) All of the above
5. Debentures are
governed by____
(a) Law of Contract
(b) BR Act
(c) Company Law
(d) Banking Regulation Act
(e) None of the above
6. The maturity
period of CDs (Certificate of Deposit) issued by banks should not be less than ____

and not more than _____, from the date
of issue.
(a) 7 days, 6 months
(b) 7 days, 1 year
(c) 15 days, 6 months
(d) 15 days, 1 year
(e) 90 days, 180 days
7. The Main activity
of the Financial Intelligence Unit India (FIU-IND) is to control:
(a) Tax Evasion
(b) Money Laundering
(c) Terrorism
(d) Avoiding NPAs
((e) Avoiding frauds in ATMs
8. Infusion of
liquidity, by RBI, is done through _____ from / to banks under a _____
(a) borrowing, repo
(b) borrowing, reverse repo
(c) lending, repo
(d) lending, reverse repo
(e) None of the above
9. Crossing a cheque
is a direction to the:
(a) Drawer
(b) Payee
(c) Paying Banker
(d) Clearing House
(e) Collecting banker
10. The minimum
amount for which a CD (Certificate of Deposit) can be issued is:
(a) Rs. 1 lakh
(b) Rs. 2 lakh
(c) Rs. 5 lakh
(d) Rs. 10 lakh
(e) Rs. 20 lakh


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