Important Banking Awareness Questions for Upcoming Exams 2017

February 25, 2017    

Important Banking Awareness Questions for Upcoming Exams 2017
Important Banking Awareness Questions for Upcoming Exams 2017 Set-134:
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.
https://www.youtube.com/channel/UC-2Ga6vFz3l4Q-O0jFVnIIg
1). T he object of introducing base rate by RBI is_____.
(A) Enhancing transparency in lending rates of banks
(B) Enabling better assessment of transmission of monetary policy
(C) Keeping interest rates low
a)   A and B  
b)   Only C
c)   Only B   
d)   All of above
e)   None of these


Answer: a)

2). What is the full form of LERMS ?
a)   Liberalised Exchange Rate Management System        
b)   Long Elimination Reserve Management System
c)   Liberalised Extended Related Management Stock       
d)   Linguistic Exchange Reserve Management Scenario
e)   None of these


Answer: a)

3). Certificate of Deposit (CDs) and Commercial Paper (CPs) are the instruments widely used in which of the following financial sector market..?
a)   Credit Market
b)   Stock Market
c)   Corporate Debt Market
d)   Money Market
e)   Forex Market


Answer: d)

4). To authenticate a Digital Signature in Cheque Truncation System (CTS), which of the following keys are used..
a)   Private Key
b)   Public Key
c)   Master Key
d)   All of these
e)   None of these


Answer: a)

5). Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:-
a)   bearer
b)   cross
c)   order
d)   All of the above
e)   None of these


Answer: b)

6). The nature of convertibility of the Indian Economy is ______.
a)   Convertibility at capital account     
b)   Convertibility at trade account
c)   Free Convertible        
d)   Convertibility at current account
e)   None of these


Answer: d)

7). SEBI is related to _________.
a)   Bank
b)   Government of India
c)   Share Market
d)   State Government
e)   None of the above


Answer: c)

8). Foreign Currency which has a tendency of quick migration is called-
a)   Fiat Currency
b)   Soft Currency
c)   Token Currency
d)   Hot Currency
e)   None of the above


Answer: d)

9). The term ‘Paper Gold’ means ________________________
a)   Paper with gold coating
b)   Gold Currency
c)   Paper currency
d)   Special drawing rights of the IMF
e)   None of these


Answer: d)

10). Current deposits are also known as _______________
a)   Time Deposits
b)   Demand Deposits
c)   Recurring Deposits
d)   Fixed Deposits
e)   None of these


Answer: b)

Answer Key:
1).a   2).a   3).d   4).a    5).b    6).d    7).c    8).d    9).d    10).b

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Important Banking Awareness Questions for Upcoming Exams 2017 4.5 5 Yateendra sahu February 25, 2017 Important Banking Awareness Questions for Upcoming Exams 2017 Set-134: Dear Readers, The List of important Banking Awareness Quiz for upc...


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