Dear readers,

This quiz consists of questions from various previous
years’ Banking entrance exam papers. Leave your answers/ responses in the
comments section below and we’ll soon let you know the correct answers!

1. ‘Many people die in Deadly Games in Egypt’ was the
news in almost all major newspapers

in February 2012. Which of the following statements is
the correct representation of ‘Deadly Games’ given in the headlines?

(1) A riot broke out during a football match in Egypt in which many
people were killed.

(2) Police had to open fire on a mob, including some genuine ticket
holders, who were not allowed to enter the stadium even after the match started.

(3) Egypt is famous for its dangerous games of ‘Bull fight’ and
‘Martial Game’. Many participants die every year in such games.

(4) Some terrorists opened fire during a football match. About 1000
people were killed in the incident.

(5) The defeat in the game is considered equivalent to death.

2. NRE deposit is

(1) Non Resident External deposit

(2) Non Resident Extra deposit

(3) Non Resident Exchange deposit

(4) Non Refundable External deposit

(5) Non Resident Extended deposit

3. What is offshore banking?

(1) It is a bank located in the sea (i.e. island)

(2) It is a bank located in an SEZ.

(3) It is a bank located in a neighbouring country.

(4) It is a bank located outside the country of residence of the
depositor.

(5) Offshore banking is basically dealing in foreign exchange.

4. Which of the following is correct?

(1) Illiterates cannot open any account in a bank.

(2) Illiterate women cannot open any account in a bank.

(3) Illiterates can open savings bank accounts in a bank.

(4) Advance can be granted to a minor.

(5) Advance can be granted to a minor if he is of sound mind.

5. Lajja is a book written by

(1) Salman Rushdie

(2) Taslima Nasreen

(3) Sunil Ganguli

(4) Rabindranath Tagore

(5) Bimal Mitra

6. Which of the following is not a salient feature of
debit card?

(1) No bad debts to banks and no suits for recovery

(2) No interest earning for banks

(3) Works like a normal withdrawal

(4) Can be used at ATM and POS

(5) 45 days credit is given to the card holder

7. When a bank provides a loan for purchase of white
goods, it is categorised as

(1) Consumption loan        (2) White goods loan           (3) Consumer durable loan

(4) Working capital           (5) Bridge loan

8. The rate below which banks cannot generally lend is
called

(1) Base rate            (2) Floor rate             (3) Repo rate          (4) Call money rate

(5) Ceiling rate

9. Dada Saheb Phalke Awards are given by the Ministry
of

(1) Social Welfare          (2) Corporate Affairs            (3) Home Affairs                        (4) Human Resource Development              (5) Information &
Broadcasting

10. Which of the following is not a type of cheque?

(1) Crossed cheque             (2)
Blank cheque            (3) Speed cheque   (4) Bearer cheque            (5) Order cheque

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Answers

1(1)   2(1)     3(4)   
4(3)    5(2)     6(5)   
7(4)     8(1)      9(5)    
10(3)