Important Banking Awareness Questions for Upcoming Exams 2017 Set-178:
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). “Your Tech-friendly bank” is the tagline of _____________
a) UCO Bank
b) Indian Overseas Bank
c) Indian Bank
d) Syndicate Bank
e) None of these
Answer: c)
2). Public and private sector banks which have a shortfall in lending to the priority sector are required to contribute allocated amounts to a designated fund to meet their obligations. Which is this special account?
a) Account with SIDBI
b) The Rural Infrastructure Development Fund with NABARD
c) Fund with RBI
d) NABARD
e) None of these
Answer: b)
3). In case of foreign banks which do not meet the target of 32% lending to the priority sector, the shortfall has to be deposited with which authority?
a) SIDBI
b) RBI
c) NABARD
d) Exempted from depositing the shortfall
e) None of these
Answer: a)
4). Which is the contract/agreement under which an issuing bank at the request of the importer undertakes to make payment to the exporter against certain specified documents?
a) Bill of exchange
b) Bill of lading
c) Bill of entry
d) Letter of credit
e) None of these
Answer: d)
5). Banks have the benefit of using substantial amount of money when cheques are sent in clearing as there is usually 2-3 days gap between debit of the account holder's account and credit to the account of the payee/beneficiary of the cheque. What is this money known as?
a) Float money
b) Suspense money
c) Unaccounted funds
d) All the above
e) None of these
Answer: a)
6). A confirmed letter of credit is ________.
a) Confirmed to be authentic
b) Confirmed by a bank ( other than the issuing bank) in the exporter's country
c) Confirmed by the importer to be in order
d) Confirmed by the exporter agreeing to the terms in the letter of credit
e) None of these
Answer: b)
7). Factoring services is meant for exporters mainly. How is it described?
a) It guarantees realization of dues from buyer debtors
b) It is a form of venture capital financing
c) Eases the factory recruitment process
d) Provides finance for working capital needs
e) None of these
Answer: a)
8). Which of the following instruments cannot be presented for payment in a clearing house?
a) Demand draft
b) Dividends
c) Fixed deposit receipt
d) All of the above
e) None of the above
Answer: c)
9). Cost of funds is an important element in deter-mining the base rate of lending by banks. Which explains aptly the cost of funds?
a) Total interest paid on deposits
b) Interest paid on deposits and borrowings from RBI
c) Interest paid on deposits plus interest paid on borrowings divided by total deposits and borrowings
d) Interest paid on deposits divided by total deposits
e) None of these
Answer: c)
10). What is the maximum period for which a fixed deposit can be accepted by a commercial bank?
a) 10 years
b) 15 years
c) No limit
d) 8 years
e) None of these
Answer: a)
Answers:
1). c) 2). b) 3). a) 4). d) 5). a) 6). b) 7). a) 8). c) 9). c) 10). a)
No comments:
Post a Comment