Banking Awareness Quiz – Gear Upwards 50

  1. Kisan Credit Cards are an effective agency of reaching out to the farmers past times the banks. What assistance does the farmer have inward this agency ?
    1. Credit facility for crops etc against an approved limit
    2. Short term credit facility against value of his crops
    3. Long term credit is provided against his nation holdings
    4. Loan is permissible against crops sold but payment nevertheless to live on received past times the farmer 
    5. All of these
  2. Why are involvement rates charged past times Micro Finance Institutions higher than lending rates inward banks ?
    1. MFIs are allowed co rootage deposits from public 
    2. Banks convey the produce goodness of cheaper funds 
    3. MFIs borrow mass of their funds from banks
    4. MFIs borrow funds from banks at high terms as well as every bit good their administrative expenses are more 
    5. None of these
  3. Which nationalized banking corporation was the starting fourth dimension to sponsor a regional rural banking corporation inward Bharat ?
    1. Syndicate Bank
    2. Bank of India
    3. Union Bank of India
    4. Central Bank of India
    5. State Bank of India
  4. Which of the next is the close of import ingredient of the liabilities of Commercial Bank ?
    1. Time deposits 
    2. Demand deposits 
    3. Inter – Bank liabilities 
    4. Other borrowings 
    5. None of these
  5. The Regulatory Authority for Regional Rural Banks is ?
    1. Sponsor Bank
    2. Central Government 
    3. State Government 
    4. RBI as well as NABARD 
    5. None of these
  6. Which of the next is / are the correct (s) of client towards his banker ?
    1. To have a arguing of his line of piece of work organisation human relationship from banker 
    2. to sue the banking corporation for whatever loss / damages
    3. To sue the banker for non maintaining the secrecy of his account 
    4. All of these 
    5. None of these
  7. What does EBT stands for ?
    1. Electronic Belated Transfer
    2. Electric Beginners Transaction 
    3. Electronic Benefit Transfer 
    4. Electronic Beginning Transaction 
    5. None of these
  8. Banks are authorized to sell 3rd political party products. Which are these products ?
    1. Mutual Funds
    2. Term deposits 
    3. Debit cards 
    4. Gift cheques 
    5. None of these
  9. Which of the next instruments cannot live on presented for payment inward a clearing identify ?
    1. Demand draft 
    2. Dividends 
    3. Fixed Deposit Receipt 
    4. None of these
    5. All of these
  10. Which 1 of the next is non a “Money Market Instrument” ?
    1. Treasury Bill
    2. Commercial Paper 
    3. Certificate of Deposit 
    4. Equity Shares 
    5. None of these
  11. Which 1 of the next is a retail banking production ?
    1. Home Loans 
    2. Working Capital Finance 
    3. Corporate Term Loans 
    4. Infrastructure Financing 
    5. None of these
  12. When in that location is a departure betwixt all receipts as well as expenditure of the Govt of India, both uppercase as well as revenue, it is called _______________
    1. Revenue Deficit
    2. Budgetary Deficit 
    3. Zero Budgeting 
    4. Trade Gap 
    5. None of these
  13. Which of the next is NOT a occupation of the Reserve Bank of Bharat ?
    1. Exchange Control Functions 
    2. Issuance, Exchange as well as devastation of currency notes 
    3. Monetary Authority Functions 
    4. Fiscal Policy Functions 
    5. None of these
  14. With reference to a check which of the next is the “Drawer Bank” ?
    1. The banking corporation that collects the cheque 
    2. The payee’s bank 
    3. The endorsee’s bank 
    4. The endorser’s bank 
    5. None of these
  15. In which of the next fund transfer mechanisms, tin displace funds live on moved from 1 banking corporation to around other as well as where the transaction is settled right away without beingness bunched alongside whatever other transaction ?
    1. NEFT
    2. TT
    3. RTGS
    4. EFT
    5. None of these
  16. Banking Ombudsman Scheme is applicable to the line of piece of work organisation of  __________________
    1. All scheduled commercial banks excluding RRBs
    2. All scheduled commercial banks including RRBs
    3. Only Public Sector Banks
    4. All Banking Companies 
    5. None of these
  17. Nationalization of banks aimed at all of the next except _______________
    1. Provision of adequate credit for agriculture, SME & exports 
    2. Removal of command past times a few capitalists 
    3. Provision of credit to large industries only 
    4. Access of banking to masses 
    5. None of these
  18. Base Rate is the charge per unit of measurement below which no Bank tin displace permit their lending to anyone. Who sets upwards this “Base Rate” for Banks ?
    1. Individual Banks’ Board
    2. Ministry of Commerce
    3. Ministry of Finance
    4. RBI
    5. None of these
  19. What is a “Debit Card” ?
    1. Its a bill of fare issued past times a Rating Agency 
    2. It is a bill of fare which tin displace live on used for withdrawing cash or making payment fifty-fifty inward the absence of whatever remainder inward the account 
    3. It is a bill of fare which tin displace live on used for withdrawing cash or making payment if in that location is remainder inward the account 
    4. It is a bill of fare which carries prepaid balance
    5. None of these
  20. Bharatiya Mahila Bank Ltd (BMB) on 19th Nov 2014 launched its network Banking facility. Name it ?
    1. BMB Online
    2. BMB Banking
    3. Online BMB
    4. BMB Smartbanking
    5. None of these

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