Important Banking Awareness Questions for Upcoming Exams 2017 Set-177:
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). ICICI Bank headquarters located in ___________
a) Tamilnadu
b) Mumbai
c) New Delhi
d) Mangalore
e) None of these
Answer: b)
2). In case of personal loans from banks the interest rate applicable is which of the following?
a) The base rate of lending
b) Lower than the base rate
c) Higher than the base rate
d) None of the above
e) Both (a) and (c)
Answer: c)
3). Which of the following ways of charging interest on loans is most beneficial to the borrower?
a) Daily reducing balance
b) The balance being reduced monthly
c) Quarterly reducing balance
d) Yearly reducing balance
e) None of these
Answer: a)
4). What is the target for priority sector lending that foreign banks having more than 20 branches in India are required to fulfil?
a) 32%
b) 40%
c) 36%
d) 38%
e) None of these
Answer: b)
5). Why do banks prefer customers to use ATMs to withdraw cash rather than coming to branches for this purpose?
a) Staff problems are reduced
b) Customers demand currency according to their choice from branches (
c) Cost of ATM operations to the bank is much less
d) All the above
e) None of these
Answer: c)
6). All deposits under small saving schemes of Post Offices are credited to the ____.
a) National Small Saving Fund
b) Public Account of India
c) Consolidated Fund of India
d) RBI
e) None of these
Answer: a)
7). Which of the following is a public sector bank?
a) HDFC bank
b) IDBI bank
c) HSBC
d) SIDBI
e) None of these
Answer: b)
8). Banks earn income from fee based activities. Which of the following qualify as fee based business?
a) Issue of demand drafts
b) Doing foreign exchange business
c) Providing demat accounts
d) Selling insurance products
e) None of these
Answer: d)
9). Banks are not comfortable in lending to the infrastructure sector. What are the reasons for this?
a) Banks find it difficult to fund infrastructure projects of 15 years and more
b) infrastructure projects require large scale funding
c) Infrastructure financing becomes a asset liability problem for banks
d) All the above
e) None of these
Answer: d)
10). Who is the MD and CEO of UCO Bank?
a) Kishore Kumar Sansi
b) Ravi Krishan Takkar
c) Mahesh Kumar Jain
d) Jatinder Bir Singh
e) None of these
Answer: b)
Answers:
1). b) 2). c) 3). a) 4). b) 5). c) 6). a) 7). b) 8). d) 9). d) 10). b)
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