Banking Awareness Quiz 2016 – Set 2

Hello and welcome to ExamPundit. Here is the 2nd Set of Banking Awareness Quiz for Bank Exams in 2016.

1. The Capital
Account Convertibility of Indian rupee implies
1) that the Indian rupee can be exchanged by the authorised
dealers for travel
2) that the Indian rupee can be exchanged for any major currency
for the purpose of trade in goods and services
3) that the Indian rupee can be exchanged for any major currency
for the purpose of trading financial assets
4) that the Indian rupee can be exchanged for the US Dollar
for international trade in goods and services
5) None of these
2. Recent initiatives
for financial inclusion in India include:
(A) “No Frills” account for retail purpose
(B) Simplified Know Your Customer (KYC) norms
(C) Credit Counselling Centres (CCC) facilities
(D) Extension of Smart Cards
Select the correct
1) Only A & B
2) Only B & C
3) Only C & D
4) Only A & D
5) All of the above
3. Consider the
following statements:
(A) Sensex is based on 50 of the most important stocks available
on the Bombay Stock Exchange (BSE).
(B) For calculating the Sensex, all the stocks in it are assigned
proportional weightage.
(C) New York Stock Exchange is the oldest stock exchange in
the world
Which of the
statements given above is/are correct?
1) Only B
2) Only A and C
3) Only B and C
4) Only A
5) Only C
4. Which of the
following pairs about various international banks is not correct?
1) UBS – Switzerland
2) Barclays Bank – UK
3) ABN Amro Bank – USA
4) Kookmin Bank – South Korea
5) PNB Paribas – France
5. Which of the
following is not a feature of Limited Liability Partnership firm?
1) Partners should be less than 20.
2) Partnership and management need not be separate.
3) Internal governance may be decided by mutual agreement
among partners.
4) It is a corporate body with perpetual succession.
5) All the above are the features of Limited Liability Partnership
6. Which of the
following is not an objective of financial sector reforms in India?
1) Creating an efficient, productive and profitable financial
sector industry
2) Preparing the financial system for increasing international
3) Opening the external sector in a calibrated manner
4) Reducing the budget deficit
5) Promoting the maintenance of financial stability even in
the face of domestic and external environment
7. To create a strong
and competitive banking system, reform measures were initiated in early 1990s.

The thrust of these reforms was on:
1) increasing operational efficiency
2) strengthening supervision over banks
3) developing technological and institutional infrastructure
4) All the above
5) None of these
8. Which of the
following statements about the Securities and Exchange Board of India (SEBI) is
1) The SEBI was established in 1992 by passing of the Securities
and Exchange Board Act.
2) This Board was established to protect the interests of
investors in securities and to promote the development and regulation of
securities market.
3) It extends to whole of India.
4) SEBI is headquartered in Mumbai.
5) SEBI is authorised to frame prudential norms for banks.
9. What are the
benefits of Core Banking Solutions (CBS)?
1) One need not carry the cash from one place to another
2) One can deposit money anywhere in the country where the
bank is situated
3) Instant updating of the accounts
4) All the above
5) None of these
10. What do you mean
by home banking?
1) Home banking is an extended version of tele-banking.
2) In home banking, the customer is able to access his bank
account from his home for availing a variety of services which are made
3) Home banking is availed through the customer’s personal
computer attached to a telephone line and modem.
4) All the above
5) None of these



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