Dear Readers, The List of important Banking Awareness Quiz for upcoming exams was given here. Candidates those who are preparing for the exams can use this.
Answer: c)
2). Many times we read in newspapers that the RBI has revised certain rates/ ratios under LAF. What is the full form of LAF?
Answer: a)
3). Which of the following is known as demat accounts?
Answer: a)
4). When a bank returns a cheque unpaid, it is called
Answer: d)
5). The rate at which banks borrows from the RBI is called
Answer: b)
6). What was the purpose of setting up Narsimhan committee-2?
Answer: b)
7). Which of the following terms is used in Banking?
Answer: e)
8). Initial repayment holiday given to borrower for repayment of loan is called as _____
Answer: b)
9). Vostro Account means ——
Answer: b)
10). Which of the following is the Banker of the Banks?
Answer: c)
1). Which Bank is called Apex Bank?
a) Development Bank of India
b) NABARD
c) Reserve Bank of India
d) SBI
e) EXIM Bank
Answer: c)
2). Many times we read in newspapers that the RBI has revised certain rates/ ratios under LAF. What is the full form of LAF?
a) Liquidity Adjustment Facility.
b) Legal Adjustment Facility
c) Long-term Achievement Facility
d) Legal Adjustment Formality
e) None of these
Answer: a)
3). Which of the following is known as demat accounts?
a) Accounts in which share of various companies are traded in electric form.
b) Accounts which are zero balance accounts
c) Accounts which are operated through internet facility
d) Accounts which are used for saving purpose
e) None of these
Answer: a)
4). When a bank returns a cheque unpaid, it is called
a) talking of the cheque
b) payment of the cheque
c) drawing of the cheque
d) dishonour of the cheque
e) None of these
Answer: d)
5). The rate at which banks borrows from the RBI is called
a) SLR
b) Repo Rate
c) Reverse repo rate
d) Bank rate
e) None of these
Answer: b)
6). What was the purpose of setting up Narsimhan committee-2?
a) efficiency and productivity of financial institution
b) banking reform process
c) export of it sector
d) fiscal reform process
e) None of these
Answer: b)
7). Which of the following terms is used in Banking?
a) Epicenter
b) Pascal
c) Latency
d) Verticity
e) Inflation
Answer: e)
8). Initial repayment holiday given to borrower for repayment of loan is called as _____
a) EMI
b) moratorium
c) Amortization
d) Subvention
e) None of these
Answer: b)
9). Vostro Account means ——
a) An account maintained by Indian bank in foreign country with dollars
b) An account maintained by foreign bank in India in Indian Rupees
c) An account maintained by foreign bank in India in Foreign Currency
d) An account maintained by Indian bank in foreign in Indian Rupees
e) An account blocked by RBI
Answer: b)
10). Which of the following is the Banker of the Banks?
a) IDBI
b) SBI
c) RBI
d) SBI and RBI
e) SEBI
Answer: c)
1)C 2)A 3)A 4)D 5)B 6)B 7)E 8)B 9)B 10)C
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