Quest For Clerk Mains: Banking Quiz

1. KYC means ________ ?

(a) Know Your Customer very well

(b) Know Your exiting Customer very well

(c) Know Your prospective Customer very well

(d) Satisfy yourselves about the customer’s identity and activities

(e) None of the above

2. Hypothecation is applicable in the case of _____?

(a) Movable goods

(b) Immovable property

(c) Book debts

(d) Corporate guarantee

(e) None of the above

3. A company which pools money from investors and invests in stocks, bonds, shares is called ____?

(a) A bank     

(b) An insurance company    

(c) Bancassurance 

(d) Mutual Fund

(e) None of the above 

4. Which was the first Mutual Fund started in India _______?

(a) SBI Mutual Fund 

(b) HDFC Mutual Fund 

(c) Kotak Pioneer Mutual Fund 

(d) Indian Bank Mutual Fund 

(e) None of the above  

5. The regulator for Mutual Funds in India is?

(a) FIMMDA 

(b) AMFI      

(c) RBI

(d) SEBI

(e) None of the above 

6. FIMMDA’s general principles and procedures are applicable to _________?

(a) Fixed Income Markets 

(b) Money Markets  

(c) Derivatives Markets  

(d) All of the above

(e) None of the above

7. A Co-Operative Bank operating in different States is regulated by _______?

(a) State Co-Operative Societies Act 

(b) Banking Regulation Act

(c) Multi Unit Co-Operative Societies Act

(d) Banking Laws (applicable to Co-Operative Societies)

(e) None of the above

8. In respect of Regional Rural Banks, the share holding pattern is _______?

(a) Central Government 50%, State Government 35%, Sponsoring Bank 15%

(b) Central Government 50%, State Government 15%, Sponsoring Bank 35%

(c) Central Government 15% State Government 35%, Sponsoring Bank 50%

(d) Central Government 35%, State Government 50%, Sponsoring Bank 15%

(e) None of the Above

9. By adopting Cheque Truncation System, the banks in India would be required to print security logo on the face of the cheque leaves as _________?

(a) CTS 2012      

(b) CTS 2013

(c) CTS 2010

(d) CTS 2009   

(e) None of the Above  

10. In terms of Reserve Bank of India (RBI) guidelines, Banks in India must pay a minimum interest on the balances held in Saving bank account at ________?

(a) 4%     

(b) 3.50%  

(c) 5%   

(d) 6% 

(e) 7%    

Answers:

1. D
2. A
3. D
4. E
5. D
6. D
7. C
8. B
9. C
10. A