Banking Awareness Quiz - Set 107

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1. Which of the following business is prohibited as per Section 8 of Banking Regulation Act, 1949 ?
   1. Trading
   2. Leasing
   3. Under Writing
   4. Executing Trust
   5. None of these
2. Which of the following is a non-depository institution ?
   1. Regional Rural Banks
   2. Mutual Funds
   3. Credit Unions
   4. Commercial Banks
   5. None of these
      
3. State Bank of India's new floating rate is directly linked to ?
   1. Base Rate
   2. BPLR
   3. Bank Rate
   4. Inflation Rate
   5. None of these
4. Issuing credit cards is a component of ?
   1. Micro Finance
   2. Corporate Banking 
   3. Retail Banking
   4. Rural Banking
   5. None of these
5. The credit policy of a bank does not deal with :
   1. Documentation standards
   2. Outstanding balance in deposit account
   3. Credit risk management
   4. Renew and renewal advances 
   5. None of these
6. Which of the following is the deadline set by RBI for banks to complete their confirmation to the Basel II norms ?
   1. March 2018
   2. March 2020
   3. March 2016
   4. March 2021
   5. None of these
7. Sub-prime lending refers to :
   1. the customers who are most valued for the banks
   2. the people with less than standard credit status
   3. the customers who visit bank for the first time
   4. the people who live substandard life
   5. None of these
8. A loan bearing low rate of interest is known as :
   1. Hard loan
   2. High loan
   3. Close loan 
   4. Soft loan
   5. None of these
9. Devaluation means :
   1. To reduce the value of home currency 
   2. To increase the volume of home currency
   3. To issue new currency in place of old
   4. To lower the price of goods for export 
   5. None of these
10. Which of the following is not directly controlled by RBI ?
    1. CRR
    2. SLR
    3. Base Rate
    4. Repo Rate
    5. None of these
11. Currency swap is an instrument to manage :
    1. cash flows only in one currency 
    2. currency and interest rate risk
    3. currency risk
    4. cash flow in different currencies
    5. None of these
12. When the loan is guaranteed for purchase of white goods, it is called :
    1. White loan
    2. Pure loan
    3. Consumer durable loan
    4. Secure loan
    5. None of these
13. Banks are required to take permission from which of the following before opening new branch ?
    1. Reserve Bank of India
    2. Securities and Exchange Board of India
    3. Finance Ministry
    4. Indian Bank Association 
    5. Planning Commission of India
14. Which of the following is the major function of an ATM installed by bank ? 
    1. To transfer money from one place to another
    2. To distribute cash by way of withdrawal from one's account
    3. To detect fake currency notes 
    4. To arrange currency notes in serial order
    5. None of these
15. Which of the following agencies is associated with the business of insurance sector as a regulator ?
    1. SEBI
    2. RBI
    3. NABARD
    4. IRDA
    5. None of these

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