Q1. Which of the following organisations is known as the market regulator in India?
(c) AMFI
(e) None of the above
Q2. Very often we read in the newspapers about various measures taken up to control the flow of the capital in the Indian markets. Who amongst the following is/are the regulators who can control the flow of the same in India?
(1) Indian Bank’s Association
(a) Only (1)
(b) Only (2)
(c) Only (3)
(d) Both (2) & (3)
(e) Both (1) & (2)
Q3. Interest on Savings deposit nowadays is _____________.
(a) Fixed by RBI
(b) Fixed by the respective Banks
(c) Fixed by the Depositors
(d) Fixed as per the contract between Bank and the Consumer Court
(e) Not paid by the Bank
Q4. The Holidays for the Banks are declared as per _________.
(a) Reserve Bank Act
(b) Banking Regulation Act
(c) Negotiable Instruments Act
(d) Securities and Exchange Board of India Act
(e) Companies Act
Q5. Equity schemes managed strong NAV gains which boost their assets' was a new in some financial newspapers. What is the full form of NAV used as in above headlines?
(a) Nill Accounting Variation
(b) Net Accounting Venture
(c) Net Asset Value
(d) New Asset Venture
(e) None of the above
Q6. Who is a Banking / Business Correspondent Agent (BCA)?
(a) An authorized representative of a bank, who offer banking services where the bank doesn't have a branch
(b) Any person who provides banking services in rural area
(c) An authorized representative of a bank, who makes profit for banks, by making business
(d) All of the above
(e) None of the above
Q7. Which of the following is true regarding SHG?
(a) A small voluntary group of poor people, generally from the same economic background, that promotes small savings among the members and make a common fund to help themselves
(b) Government / RBI has introduced several SHG - bank linkage program for Financial Inclusion
(c) Full form of SHG is Self Help Group
(d) All of the above
(e) None of the above
Q8. Suppose, two or more people have taken a loan. If one of them is unable to pay, then other members are fully liable to pay the whole amount of loan. This refers to -
(a) Joint Liability
(b) Several Liability
(c) Both (a) and (b)
(d) Several Assets
(e) None of the above
Q9. PAN card is mandatory for -
(a) Income Tax returns
(b) Tax Deduction at Source (TDS)
(c) bank deposits above Rs. 50,000
(d) All of the above
(e) None of the above
Q10. What is the full form of KYC?
(a) Know Your Company
(b) Know Your Customer
(c) Know Your Custodian
(d) Know Your Current-Account
(e) None of the above
Q11. Banking Sector will fall under which of the following?
(a) Agricultural Sector
(b) Service Sector
(c) Manufacturing Sector
(d) Industrial Sector
(e) None of the above
Q12. Which of the following Acts was framed specially to deal more effectively with the problem of Non- Performing Assets in Banking system?
(a) SARFAESI Act
(b) Banking Regulation Act
(c) Foreign Exchange Management Act
(d) Industrial Disputes Act
(e) None of the above
Q13. Many Banks these days are entering into business of offering loans against property. This business of the banks can be categorized under which of the following heads of banking?
(a) Corporate Banking
(b) Personal Banking
(c) Merchant Banking
(d) Portfolio Management Services
(e) None of the above
Q14. “e-stamping” denotes?
(a) replacement of the traditional system of affixing postal stamps in postal services
(b) doing away with the need of banks to brand stamps on negotiable instruments manually
(c) sending message through e-mail, where no stamping is necessary
(d) replacing stamp duty required for payment of registration of properties and documents
(e) None of the above
Q15. In which of the following situations can a bank issuing a Bank Guarantee may withhold payment of the Guarantee invoked by the beneficiary?
(a) when it is not satisfied that there was default on the part of the party because of which the beneficiary suffered
(b) bank can withhold payment of the guarantee upon being served an injunction by the Court restraining payment under the guarantee
(c) there is no provision for withholding payment of a Bank Guarantee when invoked
(d) All of the above
(e) None of the above
Answers will be updated soon.....
- http://www.bankersadda.com/2016/10/banking-financial-awareness-quiz-for_30.html
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