Wednesday, February 25, 2015

Banking Awareness : Quiz

1. Cryptocurrency is a _______ .
A. Digital Medium of Exchange.
B. Plastic Money.
C. Digital payment
D. Both A & B
E. None of these.


2. Computer Emergency Response Team India comes under ___________.
A. Ministry of Communications and Information Technology
B. Ministry of Commerce.
C. RBI
D. Department of Information & Technology. 
E. None of these

3. Which country did not participated in the 44th World Economic Forum ?
A. India.
B. Israel
C. Iran
D. None of these
E. All of these

4. Which panel is scrutinizing applications for new bank licences.
A. P Chidamabram.
B. C.N.R. Rao Panel.
C. Bimal Jalan Panel.
D. Raghuram Rajan
E. None of these.

5. Which one is not the most common objective of Banking regulations ?
A. Systematic Risk Reduction.
B. Credit Allocation
C. Prudential Objectives
D. Market Discipline.
E. None of these

6. Which statement is not correct about Capital Adequacy Ratio ?
A. It is a thermometer of Bank’s Health.
B. It is the ratio of its Capital to its Risk.
C. It can indicate the Capacity of the Bank’s ability to absorb the possible losses.
D. A good CAR makes vulnerable to the Depositors and lose faith in the banking system.
E. None of these

7. In which year India become a member of Financial Action Task Force ?
A. 1978
B. 2000
C. 2010
D. 1994
E. 2012

8. __________ was appointed by PM in July 2012 to look into taxation of IT sector.
A. Rangachary committee
B. Bimal Jalan Committee
C. C N R Rao Committee
D. Damodran Committee
E. None of these

9. Which award is given for an Outstanding Woman Reporter in India ?
A. Chameli Devi Jain Award
B. Padma Shree Award.
C. Patrakarita Award.
D. Mahila Patrakar Award. 
E. None of these

10. In April 2013, A Bill has been introduced in the Lok Sabha to raise the authorised capital of the Regional Rural Banks to Rs _____ .
A. 1000 Crore
B. 500 Crore
C. 2500 Crore
D. 5 Crore
E. 10 Crore

11. In Take Out Financing there is/are how many parties involve ?
A. One
B. Two
C. Three
D. Four
E. Five

12. In India, main Products of Retail Banking are ________.
A. Loan products 
B. Card Products
C. Deposit Products
D. All of these
E. None of these

13. Microcredit is defined as _____.
A. It is the small credit given to poor.
B. It is the instalment given by Farmers against Loan.
C. It is the amount given by Govt. for Small Industries Development.
D. None of these.
E. None of these

14. Priority Sector does not includes the _____.
A. Agricultural Finance
B. Education Loans
C. Housing loans
D. Life Insurance Policy
E. All of these

15. Financial Inclusion is also known as ________.
A. Social Responsibility of the Banking and Govt. System.
B. Delivery of Financial Services at an affordable cost
C. Delivery of banking services at an affordable cost.
D. All of these
E. None of these

16. Kelkar Committee Gave recommendations on ___________.
A. Tax Structure Reforms
B. Delisting in Share market
C. Broad Frame work of Insurance Sector
D. Company Law Reforms
E. None of these

17.Which one is not the Government Securities ?
A. T- Bill.
B. Floating rate Bonds
C. Dated Securities
D. Call/Put Option Bonds.
E. Gilt edged secruities

18. ‘Your Perfect banking Partner’ is the punch line of ______ Bank. 
A. Federal Bank
B. UTI Bank
C. BOB
D. Bank of Maharastra
E. None of these

19. Head office of Bank of Maharashtra is located at ________.
A. New Delhi
B. Bhopal
C. Pune
D. Mumbai.
E. Kolkata

20. In which year, Credit Guarantee Corporation created ?
A. 1975
B. 1988
C. 1971
D. 2001
E. 2003

Answers
1.A
2.A
3.D
4.C
5.D
6.D
7. C
8. A
9.A
10. B
11.C
12.D
13.A
14.D
15. D
16. A
16. A
17.A
18. A
19. C
20..C

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