Dear readers,

The quiz on banking awarness, provided here, will help you prepare for the upcoming exams. Please try to give answers in the comment box; soon we will publish the correct answers.

1. A money deposited in the bank that cannot be
withdrawn for a preset fixed period of time is known as:

(1) Term Deposit

(2) Checking Account

(3) Saving Bank Deposit

(4) No frills account

(5) Current Deposit

2. A worldwide financial messaging network which
exchanges messages between banks and financial institutions is known as:

(1) CHAPS

(2) SWIFT

(3) NEFT

(4) SFMS

(5) CHIPS

3. Which one of the following is not the Money
market instrument?

(1) Treasury Bills

(2) Commercial paper

(3) Certificate of deposit

(4) Equity Shares

(5) None of these

4. Recently Union Government and Reserve Bank of
India has signed an agreement to keep inflation below at _____.

(1) 7%

(2) 6%

(3) 5%

(4) 8%

(5) 7.5%

5. The Reserve Bank of India (RBI) has
constituted a high-powered panel on urban cooperative banks (UCB). It will be
headed by _____.

(1) Urjit Patel

(2) HR Khan

(3) R Gandhi

(4) KC Chakaraborty

(5) H Devraj

6. When there is a difference between all
receipts and expenditure of the Government of India, both the capital and
revenue is called:

(1) Revenue deficit

(2) Budgetary deficit

(3) Zero Budgeting

(4) Trade Gap

(5) Balance of Payment Problem

7. State Bank of India has signed a loan
agreement for 100 million euro with ____.

(1) European Central Bank

(2) European Investment Bank

(3) Brazil Central Bank

(4) Central Bank of Sri Lanka

(5) None of these

8. With reference to the Cheque which of the
following is the ‘drawee bank”?

(1) The bank that collects the cheque

(2) The payee’s bank

(3) The endorsee’s bank

(4) The endorser’s bank

(5) The bank upon which the cheque is drawn

9. Which of the following bank is headed by a
woman?

(1) Bank of Baroda

(2) HDFC Bank

(3) Punjab National Bank

(4) ICICI Bank

(5) None of these

10. Base rate is the rate below which no bank can
allow their landing to anyone. Who sets up this ‘Base Rate’ for Banks?

(1) Individual Bank

(2) Ministry of Commerce

(3) Ministry of Finance

(4) RBI

(5) None of these

Answers

1 (1)

2 (2)

3 (4)

4 (2)

5 (3)

6 (1)

7 (2)

8 (5)

9 (4)

10 (1)