Banking Awareness Quiz for RBI /SBI /BOB /Dena Bank

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:

  1. Term Deposit
  2. Demand Deposit
  3. Bond
  4. Mortgage
  5. Advance
2. Regional Rural Banks were set up on the recommendations of:
  1. Nariman committee
  2. Narasimham committee
  3. Gadgil committee
  4. Puri committee
  5. None of these
3. RBI provides _______ for meeting day – to – day receipt and expenditure mismatch to both Central and State Governments.
  1. Treasury bills
  2. Ways and Means advance
  3. Date and securities
  4. All the above
  5. 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?
  1. Loan Adjustment Fund
  2. Liquidity Adjustment Facility
  3. Long Awaited Funds
  4. Loan against Funds
  5. None of the given options is true
5. Bank rate means _____
  1. Rate of interest charged by commercial Banks from borrowers
  2. Rate of interest at which commercial banks discounted bills of their borrowers
  3. Rate of interest allowed by commercial Banks from on their depositors
  4. Rate at which RBI purchases or re-discounts Bills of Exchange of commercial Banks
  5. 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 ____
  1. Sale and purchase of Govt. securities
  2. Issuance of different type of Bond
  3. Auction of Bond
  4. To make available direct finance to Borrowers
  5. 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.
  1. Agreement
  2. Letter of Credit
  3. Bill Paper
  4. All of The Above
  5. None of the given options is true
8. The term “Balance of Trade” means
  1. A point where the values of imports and exports are equal 
  2. the term is used with reference to bilateral trade agreements with countries of CIS Block
  3. the difference between the value of the imports and exports of a country
  4. the difference between the total of transactions with foreign countries in trade, services and capital
  5. None of the given options is true
9. Financial literacy is a serious issue for RBI, because
  1. It would enable better understanding of banking business
  2. With better understanding, more and more people would utilise the banking services
  3. It would mean banks can do more business
  4. It would mean the maximum number of people
  5. 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
  1. Only I
  2. Only II
  3. Only III
  4. All I, II and III
  5. None of these


  1. 1
  2. 2
  3. 2
  4. 2
  5. 4
  6. 1
  7. 2
  8. 3
  9. 2
  10. 2

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