Banking Awareness Quiz 2015 – Set 14

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

1. During March 2015,
a Reserve Bank of India (RBI) committee had recommended introduction of PSLCs

to enable banks “to meet their PSL
requirements even while leveraging their comparative advantage in
lending”. What does the PSLC stands
(a) Priority Sector Lending Certificates
(b) Priority sector Loan Certificates
(c) Primary and Secondary Sector Certificates
(d) Public Sector Lending Certificates
(e) None of the above
2. Zero Coupon Bonds
refers to
(a) Bond issued at face value
(b) Bond issued with face value & interest
(c) Bond issued at discount from its face value with
(d) Bond issued at discount from its face value without
(e) None
3. ATMs that are
owned and managed by non-banking entities are called as ___
(a) Onsite ATM
(b) Offsite ATM
(c) Third Party ATM
(d) Red label ATM
(e) White label ATM
4. For transfer of
funds through NEFT (National Electronic Fund Transfer) and minimum and maximum

amount that can be transferred are
(a) Rs.1,000 and maximum Rs. 5 lakhs.
(b) Rs. 1000 and maximum no limit
(c) Rs. 5,000 and maximum 1 lakh
(d) No minimum & maximum amount
(e) None
5. Cash kept in the
currency chest is owned by
(a) Currency Chest Branch Bank
(b) Central Government
(c) Reserve Bank of India
(d) State Bank of India
(e) None of the above
6. Bank can’t proceed
against the borrower under SARFAESI Act where
(a) Security is agri land
(b) Liability is less than 1 lakh
(c) Liability is less than 20% of the principal
(d) Pledge of movables
(e) All of the above
7. The minimum
capital required to start a new private sector bank is?
(a) Rs. 100 crore
(b) Rs.200 crore
(c) Rs. 300 crore
(d) Rs.400 crore
(e) Rs. 500 crore
8. RBI injects
liquidity through
(a) Increase Bank Rate
(b) Reduction of Repo Rate
(c) Reduction of Reverse Repo
(d) Increase CRR
(e) Increase SLR
9. A customer
requested to include his wife and daughter as nominees after one year of
opening of the
account. Will it be
(a) It can be accepted since the nominees are the family
members of the depositor
(b) Cannot be considered since the request is not received
at the time of opening of account
(c) Can be considered with 50% share each
(d) Nomination should be made only in favor of single name. Hence
can’t be considered
(e) None of the above
10. What is the
relationship between the Bank and Overdraft Customer where the account is
credit balance?
(a) Creditor & Debtor
(b) Principle & Agent
(c) Trustee & Beneficiary
(d) Debtor & Creditor
(e) None of the above


Team ExamPundit


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