February 3, 2018

Banking & Financial Awareness Quiz

Banking & Financial Awareness Quiz

Banking & Financial Awareness Quiz

1. Centurion Bank of Punjab was taken over by which of the following banks?
1) ICICI
2) IDBI
3) HDFC
4) SBI
5) PNB
2. Expand the term REER.
1) Real External Exchange Rate
2) Real Established Exchange Rate
3) Real Effective Exchange Rate
4) Real Effective Exchange Ratio
5) None of the above
3. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) operates a worldwide financial messaging network which exchanges messages between banks and other financial institutions. It was established as a cooperative society under the law of which of the following countries?
1) Spain
2) Belgium
3) France
4) Germany
5) Sweden
4. Every bank in India has to maintain, at the close of business every day, a minimum proportion of their net demand and time liabilities as liquid assets in the form of cash, gold and un-encumbered approved securities. The ratio of liquid assets to demand and time liabilities is known as
1) Cash Reserve Ratio (CRR)
2) Statutory Liquidity Ratio (SLR)
3) Reverse Repo
4) Liquidity Adjustment Facility (LAF)
5) Excess reserves
5. Which of the following risks is associated with failure of internal process of a bank or business organisation?        
1) Credit risk                         
2) Operational risk       
3) Procedural risk                 
4) Settlement risk         
5) None of these
6. Which of the following is NOT a banking-related term?        
1) SWIFT              
2) CAMELS          
3) TRIPS       
4) CAR                    
5) STRIPS
7. Which of the following taglines is NOT associated with the State Bank of India (SBI)?
        1) Pure banking, nothing else
        2) The name you can bank upon
        3) A bank of the common man
        4) The banker to every Indian
        5) With you all the way
8. Which of the following bodies releases Exchange Control Manual from time to time in the context of foreign exchange in India?        
1) FIPP                   
2) CCI                    
3) SEBI         
4) RBI                   
5) None of these
9. When relatively high-cost debt is replaced with that of lower-cost borrowing to take advantage of falling interest rates, it is called        
1) amortisation                    
2) credit management        
3) debt replacement            
4) debt swap        
5) None of these
10. In the context of banking sector, DRT is associated with        
1) Recurring deposits        
2) Loan recovery        
3) Deposit insurance        
4) Demand and time liabilities of banks        
5) None of these
11. What is the expanded form of the term CAGR?        
1) Calculated Annual Growth Rate        
2) Compounded Annual Growth Rate        
3) Corresponding Annual Growth Rate        
4) Corrected Annual Growth Rate         
5) Comparative Annual Growth Rate
12. Which of the following is NOT considered a part of time and demand liabilities of the banks for the purpose of cash reserve ratio (CRR)?        
1) Paid-up capital                
2) Fixed deposit        
3) Savings deposit               
4) Recurring deposit          
5) None of these

Answers:

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

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