Banking GK Quiz


Banking GK Quiz

1. The Oriental Bank of Commerce (OBC) reported a net loss of Rs 1,218 cr in the quarter ended Mar 31, 2017. The bank is headquartered at
1) Gurugram
2) New Delhi
3) Kolkata
4) Chennai
5) Bengaluru
2. The DIPP has been given back the power to grant licenses for defence manufacturing. The term DIPP stands for
1) Department of Industrial Policy and Production
2) Department of Industrial Policy and Preference
3) Department of Industrial Policy and Promotion
4) Department of Industrial Policy and Participation
5) None of these
3. The Cash Reserve Ratio is the amount of funds that the banks are bound to keep with Reserve bank of India as a portion of their Net Demand and Time Liabilities (NDTL). The current Cash Reserve Ratio is ___.
1) 4%
2) 5%
3) 6%
4) 6.5 %
5) 5.25%
4. Which of the following is a scheme under which the company offers shares to employees as part of a public issue.
1) Employment Guarantee Scheme
2) Employee stock purchase scheme 
3) Kishore Vaigyanik Protsahan Yojana
4) Mahatma Gandhi National Rural Employment Guarantee Act
5) None of these
5. Commercial Paper (CP) is yet another money market instrument, which was first introduced in 1990 to enable the highly rated corporates to diversify their resources for short term fund requirements. Which of the following can purchase CP?
A)  Corporate Dealers
B) Primary Dealers
c) All India Financial Institutions
1) Only A
2) Only C
3) Only B and C
4) All the above
5) None of these
6. PSLC is a tool for promoting comparative advantages among banks while they meet their priority sector lending obligations in India. What is PSLC  stands for?
1) Priority Sector Lending Certificates
2) Primary Sector Lending Certificates
3) Priority Sector Lending Cash
4) Priority Sector Leading Certificates
5) None of these
7. The interest rate charged by banks to their largest, most secure, and most credit worthy customers on short-term loans is known as _______.
1)  Prime lending rate
2) Cash Reserve Rate
3) Interest Rate
4) LAF
5) None of these
8. Which of the following is NOT a foreign bank working in India?
1)  HSBC
2) Barclays
3) Standard Chartered
4) Yes Bank
5) All are foreign banks
9.  Nationalization of banks aimed at all of the following except __________ .
1) Provision of adequate credit for agriculture, SME and exports
2) Removal of control by a few capitalists
3) Provision of credit to big industries only
4) Access of banking to masses
5) Encouragement of a new class of entrepreneurs
10. When was the second phase of nationalization done?
1) 9th July, 1969
2) 10th July, 1968
3) 16th August, 1985
4) 15th April, 1980
5) None of the above


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