Banking Awareness Quiz for RBI/SBI/BOB/Dena Bank
1. When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as:
- Term Deposit
- Demand Deposit
- Bond
- Mortgage
- Advance
2. Regional Rural Banks were set up on the recommendations of:
- Nariman committee
- Narasimham committee
- Gadgil committee
- Puri committee
- None of these
3. RBI provides _______ for meeting day – to – day receipt and expenditure mismatch to both Central and State Governments.
- Treasury bills
- Ways and Means advance
- Date and securities
- All the above
- None of these
4. The Reserve Bank of India has decided to help banks, as a temporary measure, by providing additional liquidity support under LAF. What is the full form of LAF?
- Loan Adjustment Fund
- Liquidity Adjustment Facility
- Long Awaited Funds
- Loan against Funds
- None of the given options is true
5. Bank rate means _____
- Rate of interest charged by commercial Banks from borrowers
- Rate of interest at which commercial banks discounted bills of their borrowers
- Rate of interest allowed by commercial Banks from on their depositors
- Rate at which RBI purchases or re-discounts Bills of Exchange of commercial Banks
- None of the above
6. Under Open market operations, one of the measures taken by the RBI in order to control credit expansion in the economy, does ____
- Sale and purchase of Govt. securities
- Issuance of different type of Bond
- Auction of Bond
- To make available direct finance to Borrowers
- None of the above
7. A ______ is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions have been met.
- Agreement
- Letter of Credit
- Bill Paper
- All of The Above
- None of the given options is true
8. The term “Balance of Trade” means
- A point where the values of imports and exports are equal
- the term is used with reference to bilateral trade agreements with countries of CIS Block
- the difference between the value of the imports and exports of a country
- the difference between the total of transactions with foreign countries in trade, services and capital
- None of the given options is true
9. Financial literacy is a serious issue for RBI, because
- It would enable better understanding of banking business
- With better understanding, more and more people would utilise the banking services
- It would mean banks can do more business
- It would mean the maximum number of people
- None of the given options is true
10. What is ‘Future Trading’?
I. It is nothing but a trade between any tow stock exchanges where in it is decided to purchase the stocks of each other on a fixed price throughout the year
II. It is an agreement between two parties to buy or sell an underlying asset in the future at a predetermined price
III. It is an agreement between stock exchanges that they will not trade the stocks of each other under any circumstances in future or for a given period of time
- Only I
- Only II
- Only III
- All I, II and III
- None of these
Answers:
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