Banking Awareness Quiz for PO & Clerk Exam : Set 38 | GK Infopedia

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[1]Loan of very sall amount given to low income group is called-
A. Cash Credit
B. No Frill Credit
C. Rural Credit
D. Micro Credit
Ans: Micro Credit
Explanation : 0

[2]Islamic Development Bank located in which country?
A. Qatar
B. Saudi Arabia
C. Yemen
D. Iraq
Ans: Saudi Arabia
Explanation : 0

[3]Which was the first Mutual Fund started in India
A. SBI Mutual Fund
B. HDFC Mutual Fund
C. Kotak Pioneer Mutual Fund
D. None of the above
Ans: None of the above
Explanation : 0

[4]Certificates of deposits have a minimum value of :
A. 1 Lakh
B. 10 Lakh
C. 12 Lakh
D. 15 Lakh
Ans: 1 Lakh
Explanation : 0

[5]The soon to be set up proposed Micro Units Development Refinance Agency (Mudra) Bank will be first set up as a subsidiary of the
A. NABARD
B. SBI
C. EXIM bank
D. SIDBI
Ans: SIDBI
Explanation : 0

[6]National Housing Bank(NHB) was set up under
A. National Housing Bank Act, 1987
B. National Housing Bank Act, 1977
C. National Housing Bank Act, 1967
D. National Housing Bank Act, 1957
Ans: National Housing Bank Act, 1987
Explanation : 0

[7]The Priority Sector Lending Certificates (PSLCs) can be traded using the RBIs
A. e-Kuber platform.
B. NEFT
C. RTGS
D. None of the above
Ans: e-Kuber platform.
Explanation : 0

[8]On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than
A. Rs 25 crore
B. Rs 50 crore
C. Rs 85 crore
D. Rs 100 crore
Ans: Rs 100 crore
Explanation : 0

[9]The Head Office of which of the following banks is in Mumbai?
A. Punjab National Bank
B. Bank of Maharashtra
C. UCO Bank
D. Union Bank of India
Ans: Union Bank of India
Explanation : 0

[10]The SEBI amended the regulations for REITs recently to facilitate their growth, What is the full form of the term REITs?
A. Rural Estate Investment Trusts
B. Regional Estate Innovation Trusts
C. Real Estate Investment Trusts
D. Restructured Estate Investment Trusts
Ans: Real Estate Investment Trusts
Explanation : 0

[11]The headquarters of Gramin Bank Of Aryavrat is?
A. Chitoor, Andhra Pradesh
B. Lucknow, Uttar Pradesh
C. Moradabad, Uttar Pradesh
D. Ballari, Karnataka
Ans: Lucknow, Uttar Pradesh
Explanation : 0

[12]The following is a mechanism for injecting liquidity by RBI to the financial system:
A. A.Reverse Repo
B. B.Hike in CRR
C. C.Hike in interest rate
D. D.Repo
Ans: D.Repo
Explanation : 0

[13]The phenomenon of a continuous decrease in prices of goods and services in the economy is, known as
A. Inflation
B. Deflation
C. Stagflation
D. Market crash
Ans: Deflation
Explanation : 0

[14]SBI Day is observed on
A. 44287
B. 44317
C. 44352
D. 44378
Ans: 44378
Explanation : 0

[15]What is the full form of NIM?
A. Net Interest Margin
B. Net Involvement Margin
C. Net Involution Margin
D. Net international Margin
Ans: Net Interest Margin
Explanation : 0

[16]Through which of the following the funds to the projects aided by the World Bank and the International Monetary Fund (IMF) are distributed?
A. Regional Branches of RBI
B. NABARD
C. Integrated Rural Development Programme
D. Agriculture Corporation Refinance and Development
Ans: Agriculture Corporation Refinance and Development
Explanation : 0

[17]What is the full form of IPO?
A. Initial Private Offering
B. Initial bapartnership Offering
C. Initial Public Offering
D. Interest Private offering
Ans: Initial Public Offering
Explanation : 0

[18]Which of the following is considered as the financial capital of India?
A. New Delhi
B. Kolkata
C. Bangalore
D. None of these
Ans: None of these
Explanation : 0

[19]Maximum age for retirement for MD/CEO of all private banks is
A. 70
B. 65
C. 60
D. 68
Ans: 70
Explanation : 0

[20]NOSTRO account means
A. An account opened by foreign citizens other than NRIs in India with Indian banks in INR for their expenses in India.
B. An account opened by foreign citizens other than NRIs in India with foreign banks in foreign currency to convert Indian rupee to that currency and remit back to their own country.
C. An account opened by an Indian bank in the foreign countries in their banks and in that country currency for settlement in that countrys currency.
D. An account opened by a foreign bank in India with their corresponding banks in INR for settlements in INR.
Ans: An account opened by an Indian bank in the foreign countries in their banks and in that country currency for settlement in that countrys currency.
Explanation : 0

[21]When Repo rate is reduced by RBI, it leads to
A. reduction of cost to borrowers on loans from banks
B. increase in cost of loans to borrowers from banks
C. reduction in cost of borrowing by banks from RBI
D. increase in cost of borrowing by banks from RBI
Ans: reduction in cost of borrowing by banks from RBI
Explanation : 0

[22]Which of the following is an international forum to discuss and implement supervisory norms in all the banks of the world?
A. Basel Committee
B. UN charter on commercial laws.
C. World trade organization
D. International Board of banks and finance
Ans: Basel Committee
Explanation : 0

[23]The term ‗Paper Gold means
A. Paper with gold coating
B. Gold Currency
C. Paper currency
D. Special drawing rights of the IMF
Ans: Special drawing rights of the IMF
Explanation : 0

[24]Who pays commission to banks for conducting Government business?
A. Government of India
B. State Government
C. RBI
D. Central and State Governments
Ans: RBI
Explanation : 0

[25]Sub-prime lending refers to
A. lending to the customers who are most valued for the bank.
B. lending to the customers who come to the bank for the very first time
C. lending to the people with less than standard credit status
D. lending to the people who live a sub-standard life.
Ans: lending to the people with less than standard credit status
Explanation : 0



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