Important Banking Awareness Questions for Upcoming Exams 2017 Set-173:
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). In the financial sector there are many companies who are providing banking like activities though they are not recognized as banks. How is this particular type of activity known as?
a) Informal banking
b) Indigenous banking
c) Shadow banking
d) Development banking
e) None of these
Answer: c)
2). Currently banks claim that they have achieved 100% CBS. What are they referring to?
a) It means all their branches are technology driven with core banking solutions
b) It suggests complete banking services
c) It is an indication of customized banking services
d) None of the above
e) All of these
Answer: a)
3). You might have heard of 'a bank run'. What does it mean?
a) Identifies those banks which are performing very well
b) Banks which are promoting marathon sports events
c) When people rush to withdraw funds from their bank accounts
d) When banks do door to door publicity campaigns
e) None of these
Answer: c)
4). Payment of a crossed cheque can be made _____
a) Only in cash
b) Through clearing account of a bank
c) Both in cash and through clearing account of a bank
d) Through none of the above
e) None of these
Answer: b)
5). Which of the following is a stipulation under the Basel III norms?
a) The total minimum capital adequacy ratio to be 9%
b) Banks to maintain an overall minimum capital adequacy ratio of 11.5%
c) Banks to reach the minimum capital adequacy ratio of 11.5% by 31st March, 2018
d) Banks to maintain a capital adequacy ratio of 10% by 2013
e) None of these
Answer: c)
6). A demand draft issued by one bank branch on another branch is legally—
a) Cheque
b) Promissory note
c) Delivery order
d) Supply bill
e) None of these
Answer: b)
7). What would a lender examine to judge whether a business can be given a funding facility?
a) The financial statements
b) The credit history
c) The business risk
d) All the above
e) None of these
Answer: d)
8). An asset reconstruction company looks for business from banks. What do you understand from this statement?
a) These companies assist banks in getting potential clients for big ticket loans
b) Banks identify potential borrowers for infrastructure lending by these companies
c) Banks sell their bad debts to these companies
d) Asset reconstruction companies buy bad debts at a discount from banks
e) None of these
Answer: d)
9). Banks fix separate cash limit and overall spending limit for each credit card. What is the disadvantage in withdrawing cash on credit cards?
a) Cash withdrawn means the credit balance is reduced
b) An amount is charged by the bank as cash withdrawal fees
c) Cash withdrawal fees together with tax is charged to the card holder
d) Less time is given for payment as compared to other debits for purchases
e) None of these
Answer: c)
10). Which of the following terms appropriately explains the role of banks in an economy?
a) Financial conglomerate
b) Holding companies
c) Financial intermediaries
d) Indigenous banking
e) None of these
Answer: c)
Answer Key:
1).c 2).a 3).c 4).b 5).c 6).b 7).d 8).d 9).c 10).c
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