Wednesday, August 13, 2014

G K quiz


1. Which of the following statement is true?
(1) Banks cannot accept demand and time deposits from public.
(2) Banks can accept only demand deposits from public.
(3) Banks can accept only time deposits from public.
(4) Banks can accept both demand and time deposits from public.
(5) Banks can accept demand and time deposits only from government.



2. Which of the following is the correct statement?

(1) State bank of India is the sole authority to issue and manage currency in India.
(2) A nationalized bank is the sole authority to issue and manage currency in India.
(3) A cooperative bank is the sole authority to issue and manage currency in India.
(4) RBI is the sole authority to issue and manage currency in India.
(5) None of these



3. Interest payable on savings bank accounts is…..

(1) not regulated by RBI
(2) regulated by Sate Governments
(3) regulated by Central Government
(4) regulated by individual banks
(5) regulated by Finance minister



4. The usual deposit accounts of banks are……..

(1) Current accounts, electricity accounts and insurance premium accounts
(2) Current accounts, Post office savings bank accounts and term deposit accounts
(3) Loan accounts, savings bank accounts and term deposit accounts
(4) Current accounts, savings bank accounts and term deposit accounts
(5) Current bill accounts and term deposit accounts



5. Fixed deposits and recurring deposits are……..

(1) repayable after an agreed period
(2) repayable on demand
(3) not repayable
(4) repayable after death of depositors
(5) repayable on demand or after an agreed period as per bank's choice



6. Accounts are allowed to be operated by cheques in respect of ……….

(1) Both Savings bank accounts and fixed deposit accounts
(2) Savings bank accounts and current accounts
(3) Both Savings bank accounts and loan accounts
(4) Both Savings bank accounts and cash accounts only
(5) Both Current accounts and fixed deposit accounts



7. Which of the following is correct statement?

(1) Normally no interest is paid on current deposit accounts.
(2) Interest is paid on current accounts at the same rate as term deposit accounts.
(3) The rate of interest on current account and savings account are the same.
(4) No interest is paid on any deposit by the bank.
(5) Savings deposits are the same as current deposits.



8. Mortgage is a……….

(1) security on movable property for a loan giver by a bank
(2) security on immovable property for a loan given by a bank
(3) concession on immovable property for a loan given by a bank
(4) facility on immovable property for a loan given by a bank
(5) security on immovable property for a deposit received by a bank



9. Which of following is known as cross selling by Banks?

A. Sale of a debit card to a credit card holder
B. Sale of Insurance policy to a depositor
C. Issuance of Cash against Cheque presented by a third party
(1) Only A                               
(2) Only B
(3) Only C                               
(4) Both A & C
(5) All A, B & C



10. Financial inclusion means provision of

(1) financial services namely, payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the same
(2) ration at affordable cost to persons not yet given the same
(3) house at affordable cost to persons not yet given the same
(4) food at affordable cost to persons not yet given the same
(5) education at affordable cost to persons not yet given the same



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