Banking Awareness Quiz

1. According to the new proposal on PSL, what sub-target is to be created for Micro Enterprises in India by March 2017?

1. 7.5 %
2. 7 %
3. 8.5 %
4. 8 %
5. None of the above

2. Cash Reserve Ratio (CRR) of the Bank is maintained in the form of

1. Balance with Reserve Bank of India
2. Balance with State Bank of India
3. Government Securities
4. Bonds
5. All of the above

3. “Balance of Trade” refers to

1. A point where the values of imports and exports are equal 
2. the difference between the value of the imports and exports of a country
3. the difference between the total of transactions with foreign countries in trade, services and capital
4. the term is used with reference to bilateral trade agreements with countries of CIS Block
5. None of these

4. Who decides the value and volume of Bank Note to be printed and on what basis?

1. Finance Ministry
2. Planning Commission
3. RBI
4. Stock Exchange
5. None of these

5. Which of the following efforts fall under Financial Inclusion Plan (FIP) of RBI/Government?

1. Nationalisation of banks
2. Priority Sector Lending (PSL) targets
3. Zero balance accounts, like BSBDA, Jan-Dhan Account, Small Account, etc.
4. All of the above
5. None of these

6. Non-Agricultural Market Access (NAMA) word is related to which organization?

1. WTO
2. UNCTAD
3. IMF
4. World Bank
5. NDB

7. RBI has replaced BPLR regime by Base Rate regime w.e.f?

1. July 1, 2010
2. July 5, 2010
3. July 11, 2010
4. July 15, 2010
5. None of these

8. ‘FINO’ stands for

1. Financial Investment Network and Operations
2. Financial Inclusion Network and Operations
3. Farmers’ Investment in National Organization
4. Farmers’ Inclusion News and Operations
5. None of the above

9. Which of the following agencies is associated with the business of Insurance sector as a regulator?

1. NPCI
2. IRDA
3. SEBI
4. AMFI
5. None of these

10. Life Insurance Corporation (LIC) was came into existence in _______.

1. 1955
2. 1956
3. 1957
4. 1961
5. 1982

Answers:

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