Banking Awareness Quiz for PO & Clerk Exam : Set 21 | GK Infopedia

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[1]The Lead Bank Scheme was introduced in the year
A. 1968
B. 1969
C. 1974
D. 1976
Ans: 1969
Explanation : 0

[2]What is true about white Card
A. It is related to companies producing milk products
B. It does not carry on its face, the brand of the issuer
C. It is meant to covert money into the economy
D. All of the above
Ans: It does not carry on its face, the brand of the issuer
Explanation : 0

[3]The customers will be issued
A. Certificate of Deposit
B. Commercial Paper
C. Certificate of Holding
D. All of these
Ans: Certificate of Holding
Explanation : 0

[4]Except one of the following instruments others are issued at discount. Identify the exception
A. A Certificate of Deposit (CD)
B. A Treasury Bill (T Bill)
C. A Commercial Paper (CP)
D. A Fixed Deposit (F
Ans: A Fixed Deposit (F
Explanation : 0

[5]Which bank was the sponsor of Prathama Gramin Bank?
A. Bank of Baroda
B. Indian Bank
C. Punjab National Bank
D. Syndicate Bank
Ans: Syndicate Bank
Explanation : 0

[6]Which of the following is the purpose of introducing Know Your Customer‖ norms by the banks?
A. Identifying people who do not pay Income Tax
B. To bring more and more people under the banking net
C. To ensure that the money deposited in banks has come from genuine sources
D. None of the Above
Ans: To ensure that the money deposited in banks has come from genuine sources
Explanation : 0

[7]Which of the following terms appropriately explains the role of banks in an economy?
A. Financial conglomerate
B. Holding companies
C. Financial intermediaries
D. Indigenous banking
Ans: Financial intermediaries
Explanation : 0

[8]Which from the following is NOT true when the interest rate in the economy goes up?
A. Saving increases
B. Lending decreases
C. Cost of production increases
D. Return on capital increases
Ans: Return on capital increases
Explanation : 0

[9]What is the full form of MTSS?
A. Money Transfer Service Scheme
B. Medium Transfer Service Scheme
C. Moderate Transfer Service Scheme
D. Money Transfer Service Strategy
Ans: Money Transfer Service Scheme
Explanation : 0

[10]What does the term Open Market Operations refer to?
A. Selling of equities in the open market
B. Selling of commodities in the open market
C. Buying and selling of government securities in the open market
D. Buying and selling of products in the wholesale market
Ans: Buying and selling of government securities in the open market
Explanation : 0

[11]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%
Ans: Central Government 50%, State Government 15%, Sponsoring Bank 35%
Explanation : 0

[12]Which of the following is not a characteristic of foreign exchange?
A. It is a commodity
B. Rates are volatile
C. It has no exact location
D. It works 7 days in a week
Ans: It works 7 days in a week
Explanation : 0

[13]Which of the following is included in bancassurance?
A. Insurance policies issued by the banks in their names
B. Selling by a bank the insurance policies of its ancillary insurance company
C. Selling by a bank the insurance policies of any insurance company
D. All the above
Ans: All the above
Explanation : 0

[14]In respect of bapartnership business, LLP stands for:
A. Local Labour Promotion
B. Low Labour Projects
C. Limited Loan bapartnership
D. Limited Liability bapartnership
Ans: Limited Liability bapartnership
Explanation : 0

[15]Inventor of ATM was:
A. Ian Luther Steward
B. David Block
C. John Adrian Shepherd Barron (A British)
D. David Adrian
Ans: John Adrian Shepherd Barron (A British)
Explanation : 0

[16]‗DAX is the stock Market of-
A. Germany
B. USA
C. France
D. HongKong
Ans: Germany
Explanation : 0

[17]The CRR and SLR maintenance is on the
A. NDTL
B. DTL
C. Total Deposits
D. CASA
Ans: NDTL
Explanation : 0

[18]What is a stale cheque?
A. A cheque with only signature of the drawer
B. A cheque which has completed 6 months from the date of its issue
C. A cheque issued without drawer’s signature.
D. All of the above
Ans: A cheque which has completed 6 months from the date of its issue
Explanation : 0

[19]The Headquarters of NHB located in
A. Chennai
B. Mumbai
C. New Delhi
D. Gurugram
Ans: New Delhi
Explanation : 0

[20]Which of the following stock exchange is derecognized by SEBI on 11.2014 on the allegations of serious irregularities in its functioning?
A. Bombay Stock Exchange
B. Delhi Stock Exchange
C. Calcutta Stock Exchange
D. Bangalore Stock Exchange
Ans: Delhi Stock Exchange
Explanation : 0

[21]Name the mobile app started by SBI to stop the debit card details whereby the customer can activate or deactivate its debit card by just sending an SMS?
A. SBI Debit
B. SBI SMS
C. SBI Quick
D. SBI Flip
Ans: SBI Quick
Explanation : 0

[22]If the rupees depreciate, what is the effect on the exporters?
A. They are unaffected
B. They are in loss
C. They are in profit
D. They get credit crunch
Ans: They are in profit
Explanation : 0

[23]National stock exchange is located -
A. New Delhi
B. Mumbai
C. Kolkata
D. Bangalore
Ans: Mumbai
Explanation : 0

[24]Under the RBI,s SDR scheme, banks can convert their loans into equity, acquire a majority stake in the firm and bring in new promoters, Here the term SDR means
A. Systematic Debt Restructuring
B. Special Debt Restructuring
C. Supplementary Debt Restructuring
D. Strategic Debt Restructuring
Ans: Strategic Debt Restructuring
Explanation : 0

[25]Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on which date?
A. 41867
B. 41665
C. 41879
D. 41643
Ans: 41879
Explanation : 0



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