Important Banking Awareness Questions for Upcoming Exams 2017 Set-174:
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). Small savings scheme like national savings certificates, public provident fund, monthly income schemes are popular among the salaried people. Which financial institutions manage these schemes?
a) Public sector banks
b) Commercial banks
c) Post offices
d) Cooperative banks
e) None of these
Answer: c)
2). Which of the following do you think is the accepted practice?
a) Banks offer higher interest rates to senior citizens on their fixed deposits as compared to others
b) Banks charge lesser interest from senior citizens on their personal loans
c) Senior citizens can open bank accounts without the need to follow KYC norms
d) Senior citizens are not permitted to use mobile banking
e) None of these
Answer: a)
3). A bank customer could not get his grievance resolved by his bank even after referring his complaint to the designated official. Whom should he approach next?
a) Consumer protection court
b) RBI
c) Banking ombudsman
d) Finance ministry
e) None of these
Answer: c)
4). Make it happen” is the tagline of _____________
a) Royal Bank of Scotland
b) HSBC Bank
c) DBS Bank
d) Standard Chartered Bank
e) None of these
Answer: a)
5). What is common between Equity Linked Savings Schemes, National Savings Certificates and Public Provident Funds?
a) Financial schemes handled by post offices
b) Investments in these schemes are permit ted upto a specified limit
c) All are mutual fund schemes
d) These are tax saving schemes
e) None of these
Answer: d)
6). When a vehicle is financed by a bank what kind of charge does the bank have over the primary security?
a) Pledge
b) Hypothecation
c) Assignment
d) Lien
e) None of these
Answer: b)
7). SIDBI has a scheme for providing seed capital to business enterprise. What is meant by seed capital?
a) Equity required by a commercial organization
b) Initial funds required by an enterprise with high potential for growth
c) The funds invested to run an organization
d) The money provided to start an agricultural unit
e) None of these
Answer: b)
8). Where substantial funds are required to be mobilized, crowd funding as a strategy is often adopted. In which of the following do you think crowd funding would be appropriate?
a) For political parties
b) For charity issues
c) For rehabilitating weak banks
d) For pumping money in the stock exchange
e) None of these
Answer: b)
9). Which of the following organizations maintain the individual borrower's credit history in India?
a) RBI
b) CRISIL
c) CIBIL
d) CARE
e) None of these
Answer: c)
10). Banks permit grant of credit facilities against book debts to companies. What are these book debts?
a) All debts due to the banks by a business enterprise
b) All debts due by a business to suppliers/traders other than banks
c) Debts owing to a business arising out of the sale of goods and services to their customers on credit
d) Amounts due on the purchase of books
e) None of these
Answer: c)
Answer Key:
1).c 2).a 3).c 4).a 5).d 6).b 7).b 8).b 9).c 10).c
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