Hello and welcome to ExamPundit. Here is a set of Banking Awareness Quiz.
1. What
is take-out financing?
is take-out financing?
(a) A
method of providing finance for longer duration projects
method of providing finance for longer duration projects
(b) A
method of providing finance for short duration projects
method of providing finance for short duration projects
(c) A
method of providing finance without any paper work
method of providing finance without any paper work
(d) A
method of providing finance on very low interest rates
method of providing finance on very low interest rates
(e) None
of these
of these
2.
NABARD support lending to farmers, rural artisans and other non-farmers in
rural areas through ________.
NABARD support lending to farmers, rural artisans and other non-farmers in
rural areas through ________.
(a)
Co-operative Banks
Co-operative Banks
(b)
Regional Rural Banks
Regional Rural Banks
(c) Land
Development Banks
Development Banks
(d)
Scheduled Commercial Banks
Scheduled Commercial Banks
(e) All
the Above
the Above
3.
Identify the macroeconomic policy/ policies of India ________.
Identify the macroeconomic policy/ policies of India ________.
(a)
Monetary policy
Monetary policy
(b)
Fiscal policy
Fiscal policy
(c)
Regulatory policy
Regulatory policy
(d) Only
a and b
a and b
(e) None
of these
of these
4.
RBI uses bank rate in order to control ________.
RBI uses bank rate in order to control ________.
(a)
Money supply, volume of bank credit and cost of bank credit.
Money supply, volume of bank credit and cost of bank credit.
(b)
Liquidity
Liquidity
(c) Cash
holdings of banks
holdings of banks
(d)
Financial position of banks
Financial position of banks
(e) None
of these
of these
5.
What are the steps taken by RBI, in order to meet demand and time liabilities
of banks in time?
What are the steps taken by RBI, in order to meet demand and time liabilities
of banks in time?
(a)
Banks are asked to keep mandatory regulatory cash reserve with RBI
Banks are asked to keep mandatory regulatory cash reserve with RBI
(b)
Banks are asked to maintain CRR
Banks are asked to maintain CRR
(c) Both
a and b as they are same
a and b as they are same
(d)
Banks are asked to keep enough cash in cash counters
Banks are asked to keep enough cash in cash counters
(e) None
of these
of these
6.
India’s own payment gate way ‘RuPay’ works in which of the following channel/s?
India’s own payment gate way ‘RuPay’ works in which of the following channel/s?
(a)
Automated Teller Machines
Automated Teller Machines
(b)
Point of Sales
Point of Sales
(c)
Online Sales
Online Sales
(d) All
of the Above
of the Above
(e) None
of these
of these
7.
Monetary policy is used by RBI for controlling _________.
Monetary policy is used by RBI for controlling _________.
(a)
Inflation or deflation
Inflation or deflation
(b)
Exports or imports
Exports or imports
(c)
Indian rupee or foreign currency
Indian rupee or foreign currency
(d)
State or Central Government
State or Central Government
(e) None
of these
of these
8.
Identify the difference between commercial paper and certificate of deposit
______.
Identify the difference between commercial paper and certificate of deposit
______.
(a)
Certificate of deposit is issued at discount while commercial paper at face
value
Certificate of deposit is issued at discount while commercial paper at face
value
(b)
Certificate of deposit is a financial instrument while commercial paper is a
financial statement
Certificate of deposit is a financial instrument while commercial paper is a
financial statement
(c)
Certificate of deposit is issued by banks while commercial paper is issued by
firms or public limited companies
Certificate of deposit is issued by banks while commercial paper is issued by
firms or public limited companies
(d) All
the above
the above
(e) None
of these
of these
9.
When does money market is called as ‘Tight’?
When does money market is called as ‘Tight’?
(a) When
the call money rate is low
the call money rate is low
(b) When
the call money rate is high
the call money rate is high
(c) When
money availability in the market is very high
money availability in the market is very high
(d) When
participants in the money market are ready to lend
participants in the money market are ready to lend
(e) None
of these
of these
10.
If a bank needs to attract Provident Fund Deposits, what are the criteria that
banks must possess?
If a bank needs to attract Provident Fund Deposits, what are the criteria that
banks must possess?
(a)
Profitability in preceding 3 years
Profitability in preceding 3 years
(b)
Minimum of Rs.200 crores as net worth
Minimum of Rs.200 crores as net worth
(c)
Capital adequacy of 9%
Capital adequacy of 9%
(d) All
the above
the above
(e) None
of these
of these
11.
If the stock markets are declining then it is called as _______.
If the stock markets are declining then it is called as _______.
(a) Bull
run
run
(b) Down
run
run
(c) Bear
run
run
(d)
Stage
Stage
(e) None
of these
of these
12. A
promissory note that is not secured by any collateral or not secured by a
mortgage or lien marked on any property is _______ instrument.
promissory note that is not secured by any collateral or not secured by a
mortgage or lien marked on any property is _______ instrument.
(a)
Debenture
Debenture
(b) Bill
of exchange
of exchange
(c)
Commercial bill
Commercial bill
(d)
Currency bill
Currency bill
(e) None
of these
of these
13.
What does RBI do if a Re.1 note is issued by Government of India?
What does RBI do if a Re.1 note is issued by Government of India?
(a) RBI
object the issuance
object the issuance
(b) RBI
put into circulation
put into circulation
(c) RBI
converts Re.1 in to higher denomination of Rs.10 and more.
converts Re.1 in to higher denomination of Rs.10 and more.
(d) RBI
asks banks to not to support for circulation
asks banks to not to support for circulation
(e) None
of these
of these
14.
RBI issue currency rupee notes on basis of _______.
RBI issue currency rupee notes on basis of _______.
(a) By
holding minimum value of gold coins and bullion
holding minimum value of gold coins and bullion
(b) By
holding minimum foreign securities as a part of the total approved assets
holding minimum foreign securities as a part of the total approved assets
(c) By
holding minimum amount of commodities which are trading in commodity exchanges
holding minimum amount of commodities which are trading in commodity exchanges
(d) Only
(a) and (b)
(a) and (b)
(e) All
the above
the above
15.
Which of the following entities are applicable for the new listing obligations
and disclosure requirements
of SEBI regulations, 2014?
Which of the following entities are applicable for the new listing obligations
and disclosure requirements
of SEBI regulations, 2014?
(a)
Listing of debentures
Listing of debentures
(b)
Listing of bonds
Listing of bonds
(c) All
listed companies
listed companies
(d) All
the above
the above
(e) None
of these
of these
16.
National Payments Corporation of India (NPCI) is being used by banks for
_______.
National Payments Corporation of India (NPCI) is being used by banks for
_______.
(a)
Remittance
Remittance
(b)
Clearing and settlement
Clearing and settlement
(c)
Payments and settlements
Payments and settlements
(d)
Advisory service
Advisory service
(e) None
of these
of these
17.
NOSTRO account means _______.
NOSTRO account means _______.
(a) An
account opened by foreign citizens other than NRIs in India with Indian banks
in INR for their expenses in India.
account opened by foreign citizens other than NRIs in India with Indian banks
in INR for their expenses in India.
(b) An
account opened by foreign citizens other than NRIs in India with foreign banks
in foreign currency to convert Indian rupee to that currency and remit back to
their own country.
account opened by foreign citizens other than NRIs in India with foreign banks
in foreign currency to convert Indian rupee to that currency and remit back to
their own country.
(c) An
account opened by an Indian bank in the foreign countries in their banks and in
that country currency for settlement in that country’s currency.
account opened by an Indian bank in the foreign countries in their banks and in
that country currency for settlement in that country’s currency.
(d) An
account opened by a foreign bank in India with their corresponding banks in INR
for settlements in INR.
account opened by a foreign bank in India with their corresponding banks in INR
for settlements in INR.
(e) None
of these
of these
18.
What kind of Treasury Bills (T-Bills) is/ are issued by State Government?
What kind of Treasury Bills (T-Bills) is/ are issued by State Government?
(a) No
Treasury Bills issued by State Government
Treasury Bills issued by State Government
(b) 182
– days
– days
(c) 91 –
days
days
(d) 364
– days
– days
(e) None
of these
of these
19.
Pick the odd one out from the following about Bharat Bill Payment System
(BBPS).
Pick the odd one out from the following about Bharat Bill Payment System
(BBPS).
(a) BBPS
is a unified bill payment system across the country.
is a unified bill payment system across the country.
(b) It
will be setting up the standards in operations related to payments, clearance,
and settlements.
will be setting up the standards in operations related to payments, clearance,
and settlements.
(c) G.
Padmanabhan committee had provided a report on feasibility of Bharat Bill
Payment System (BBPS).
Padmanabhan committee had provided a report on feasibility of Bharat Bill
Payment System (BBPS).
(d)
Payment gateways, service providers, banks, and agents will be participants in
this system.
Payment gateways, service providers, banks, and agents will be participants in
this system.
(e) None
of these
of these
20.
Electronic fund transfers like RTGS and NEFT are operated and maintained by
_______.
Electronic fund transfers like RTGS and NEFT are operated and maintained by
_______.
(a)
National Payments Corporation of India (NPCI)
National Payments Corporation of India (NPCI)
(b)
Bharat Bill Payment System (BBPS)
Bharat Bill Payment System (BBPS)
(c)
Reserve Bank of India (RBI)
Reserve Bank of India (RBI)
(d)
Clearing Corporation of India Limited (CCIL)
Clearing Corporation of India Limited (CCIL)
(e)
Indian Banking Association (IBA)
Indian Banking Association (IBA)
21.
Identify the Basel III norms from following that, recently RBI has extended the
timeline for implementation
for banks in India _______.
Identify the Basel III norms from following that, recently RBI has extended the
timeline for implementation
for banks in India _______.
(a)
Minimum regulatory capital requirement
Minimum regulatory capital requirement
(b)
Market discipline
Market discipline
(c)
Holding the minimum capital to risk weighted assets ratio to 10.25%
Holding the minimum capital to risk weighted assets ratio to 10.25%
(d)
Leverage ratio to 3%
Leverage ratio to 3%
(e) All
the above
the above
22.
Identify the odd one out from the following benefits of RTGS.
Identify the odd one out from the following benefits of RTGS.
(a)
Settlement is immediate
Settlement is immediate
(b)
Suited for only lower value transactions
Suited for only lower value transactions
(c)
Lowers the settlement risk
Lowers the settlement risk
(d)
Avoids credit risk while settlement
Avoids credit risk while settlement
(e)
Settled at real time
Settled at real time
23.
In RBI’s monetary policy, Liberal Money Policy means _______.
In RBI’s monetary policy, Liberal Money Policy means _______.
(a)
Banks no need to deposit more excess cash as reserves.
Banks no need to deposit more excess cash as reserves.
(b)
Banks are asked for more and more deposits to be held with RBI.
Banks are asked for more and more deposits to be held with RBI.
(c) CRR
is decreased
is decreased
(d) Both
(a) and (c)
(a) and (c)
(e) None
of these
of these
24.
Expand IFSC _______.
Expand IFSC _______.
(a)
Indian Financial System Code
Indian Financial System Code
(b)
Indian Financial Services Code
Indian Financial Services Code
(c)
International Financial Service Code
International Financial Service Code
(d) Interbank
Fund Service Code
Fund Service Code
(e)
Indian Financial Security Code
Indian Financial Security Code
25.
Which among the following is known as pre-paid negotiable instrument?
Which among the following is known as pre-paid negotiable instrument?
(a)
Cheque
Cheque
(b)
Promissory note
Promissory note
(c)
Bankers cheque/ Pay order
Bankers cheque/ Pay order
(d)
Fixed deposit
Fixed deposit
(e) None
of these
of these
Regards
Team ExamPundit
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