Banking Awareness for Banking Quiz

1. RBI’s open market operation transactions are carried out with a view to regulate

1. liquidity in the economy
2. prices of essential commodities
3. inflation
4. borrowing power of the banks
5. All of the above

2. Which of the following organizations / agencies coordinates the operations of rural credit institutions in India ?

1. Reserve Bank of India
2. Securities and Exchange Board of India
3. Indian Bank Association
4. National Bank for Agriculture and Rural Development
5. Small Industries Development Bank of India

3. Which of the following is not a function of the Reserve Bank of India?

1. Issuer of currency
2. Foreign Exchange Management
3. Bankers to Banks
4. Listing companies for trading in Stock Exchanges
5. Bankers and Debt Manager to Govt.

4. Which of the following organizations issued Initial Public Offer (IPO) Norms for Life Insurance Companies?

1. CRISIL
2. SEBI
3. RBI
4. AMFI
5. IRDA

5. Standard and Poor, better known as S&P, is a/the–

1. Financial market intelligence agency
2. Central Bank of USA
3. Large multinational bank
4. Body set up by the United Nations Organisation
5. Intelligence wing of the World Bank

6. 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

7. Which of the following is considered Non Tax Revenue of the Govt. of India as projected in the Union Budget ?

1. Income Tax
2. Custom Duty
3. Service Tax
4. Corporate Tax
5. Dividends and Profits

8. Which of the following public sector banks has the largest number of branches in foreign countries?

1. Bank of India
2. Bank of Baroda
3. Punjab National Bank
4. Corporation Bank
5. None of these

9. Which of the following banks was inaugurated by Mahatma Gandhi in 1919?

1. Bank of Maharashtra
2. Bank of Baroda
3. State Bank of Saurashtra
4. Union Bank of India
5. None of these

10. After State Bank of India, which of the following banks has the largest number of offices?

1. Punjab National Bank
2. Bank of India
3. Andhra Bank
4. Canara Bank
5. None of these

11. What are teaser loan rates charged by banks?

1. Rate of interest which is competitively changed in relation to other banks
2. Floating rate of interest charged by banks
3. Low rate of interest in the initial period which goes up subsequently
4. Higher rate of interest in the initial period which goes down subsequently
5. None of these

12. Which of the following terms is used in banking field?

1. Interest rate swap
2. Input devices
3. Sedimentary
4. Zero Hour
5. None of these

13. With which of following types of loans are teaser rates related?

1. Home loans
2. Personal loans
3. Auto loans
4. Reverse mortgage loans
5. None of these

14. Which of the following is/are true about the Sub-Prime Crisis?

I. It is a mortgage crisis referring to credit default by the borrowers.

II. Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers.

III. This crisis originated because of negligence in credit rating of the borrowers.

1. Only 1
2. Only 2
3. Only 3
4. All 1, 2, and 3
5. None of these

15. With reference to a cheque which of the following is the “drawee bank”?

1. The bank that collects the cheque
2. The payee’s bank
3. The endorsee’s bank
4. The endorser’s bank
5. The bank upon which the cheque is drawn

Answers:

1. 5
2. 4
3. 4
4. 5
5. 1
6. 3
7. 5
8. 2
9. 4
10. 1
11. 3
12. 1
13. 1
14. 4
15. 5