Important Banking Awareness Questions for Upcoming Exams 2017 Set-152:
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.
1). Educational for All Development Index is released by -
a) IMF
b) World Bank
c) UNO
d) WTO
e) Other than the given options
Answer: c)
2). “We understand your world” is the tagline of _____________
a) Federal Bank
b) Yes Bank
c) HDFC Bank
d) Karur Vysya Bank
e) None of these
Answer: c)
3). What type of loan is granted by banks for purchase of the White Goods?
a) Home Loan
b) Jewel Loan
c) Finance Loan
d) Consumer Durables Loan
e) Both a) And c)
Answer: d)
4). An account is considered dormant when there is no transaction through it for more than ______
a) 12 months
b) 6 months
c) 18 months
d) 24 months
e) None of these
Answer: d)
5). Banks allow some important customers to withdraw without clear credit balance. Such facility is known as:
a) Zero balance
b) Current Account
c) Overdraft
d) Demand draft
e) Promissory
Answer: c)
6). CRR refers to the share of ______ that rural banks have to maintain with RBI of their net demand and time liabilities?
a) Liquid cash
b) Gold
c) Forex reserves
d) Illiquid cash
e) None of these
Answer: a)
7). Demand deposits mean _____?
a) Deposits withdrawable on demand by the depositor
b) Current deposits
c) Fixed deposits
d) Short deposits
e) None of the above
Answer: a)
8). The commercial paper can be issued by _____?
a) Corporates
b) Reserve Bank of India
c) IDBI
d) Every non-banking company
e) None of the above
Answer: a)
9). Who is the MD and CEO of Corporation Bank?
a) Suresh N Patel
b) J K Garg
c) R K Takkar
d) M O Rego
e) None of these
Answer: b)
10). Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up this ‘Base rate’ for banks?
a) Individual Banks’ Board
b) Ministry of Commerce
c) Ministry of Finance
d) RBI
e) Interest Rate Commission of India
Answer: d)
Answer Key:
1).c 2).c 3).d 4).d 5).c 6).a 7).a 8).a 9).b 10).d
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