Banking Awareness Quiz for PO & Clerk Exam : Set 17 | GK Infopedia

[1]The appointments of Banking Ombudsman will be carried out by which of the following?

A. Finance Ministry

B. RBI

C. Govt. of India

D. SEBI

Ans: RBI

Explanation : 0

[2]In India, the bank which issued central currency is?

A. Central Bank of India

B. State Bank of India

C. Reserve Bank of India

D. Bank of India

Ans: Reserve Bank of India

Explanation : 0

[3]Which of the following is the most active segment of the money market in India?

A. Call Money/Notice Money Market

B. Repo/Reverse Repo

C. Commercial Paper (CP)

D. Certificate of Deposit (C

Ans: Call Money/Notice Money Market

Explanation : 0

[4]Bank rate implies the rate of interest-

A. Charges by banks on loans and advances

B. Paid by the RBI on the deposits if commercial banks

C. Payable on bonds

D. At which the RBI discounts the Bill of Exchange

Ans: At which the RBI discounts the Bill of Exchange

Explanation : 0

[5]The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is

A. RBI

B. Financial Intelligence Unit(FIU)

C. Intelligence Bureau(IB)

D. Central Bureau of Investigation(CBI)

Ans: Financial Intelligence Unit(FIU)

Explanation : 0

[6]Which is the biggest commercial bank in India?

A. Indian Overseas Bank

B. SBI

C. PNB

D. Indian Bank

Ans: SBI

Explanation : 0

[7]The term HNI‖ used in banking parlance means

A. Highly Negative Individual

B. High Net-worth Individual

C. High Networked Individual

D. High Nuisance Individual

Ans: High Net-worth Individual

Explanation : 0

[8]If the involvement of financial intermediary in aiding credit creation without regulatory oversight is Called:

A. Virtual banking

B. Common banking

C. Unit banking

D. Shadow banking

Ans: Shadow banking

Explanation : 0

[9]Loans of very small amounts given to low income groups is called

A. Cash credit

B. Micro credit

C. Simple overdraft

D. No frills loans

Ans: Micro credit

Explanation : 0

[10]A customer is required to maintain adequate balances in his/her accounts in order to use his

A. Smart Card

B. Credit Card

C. Add-on Credit card

D. Debit Card

Ans: Debit Card

Explanation : 0

[11]Under which act does RBI issue directives to banks?

A. PMLA Act, 2002

B. RBI Act, 1934

C. DICGC Act, 1961

D. Banking Regulation Act, 1949

Ans: Banking Regulation Act, 1949

Explanation : 0

[12]We Make You Feel Richer‖ is the tagline of

A. Nainital Bank

B. Catholic Syrian Bank

C. IndusInd Bank

D. HDFC Bank

Ans: IndusInd Bank

Explanation : 0

[13]Corporation Bank is a public sector banking company headquartered in

A. Kolkata

B. Chennai

C. Bengaluru

D. Mangalore

Ans: Mangalore

Explanation : 0

[14]Through which of the following sources domestic funds are raised by companies?

A. IPO only

B. FPO only

C. Commercial papers only

D. Both IPO and FPO

Ans: IPO only

Explanation : 0

[15]Which of the following is Annuity Service Provider?

A. Life Insurance Companies

B. Public Sector Banks

C. Private Sector Banks

D. NBFCs

Ans: Life Insurance Companies

Explanation : 0

[16]Expand FIPB –

A. Foreign Investment Promotion Brochure

B. Foreign Investment Production Board

C. Foreign Investment Promotion Board

D. Foreign Direct Investment Promotion Board

Ans: Foreign Investment Promotion Board

Explanation : 0

[17]Which among the following committee constituted on Payment Banks license?

A. Dr. Nachiket Mor

B. Deepak Mohanty

C. A C Shan

D. B D Thakar

Ans: Dr. Nachiket Mor

Explanation : 0

[18]Sub Prime lending is a term applied to the loans made to

A. Those borrows who do not have a good credit history

B. Those who wish to take loan against the mortgage of tangible assets

C. Those who have a good credit history and are known to bank since 10 years

D. Those borrowers who are most preferred customers of the bank

Ans: Those borrows who do not have a good credit history

Explanation : 0

[19]Cash kept in the currency chest is owned by?

A. Currency Chest branch bank

B. State Bank of India

C. Central Government

D. Reserve Bank of India

Ans: Reserve Bank of India

Explanation : 0

[20]A bond issued at a price less than its face value and payable on its due date at its face value bearing no ROI (Rate of Interest) is called

A. Preference Bond

B. Zero Coupon Bond

C. Convertible Bond

D. Perpetual Bond

Ans: Zero Coupon Bond

Explanation : 0

[21]Balance Sheet of a firm indicates which of the following?

A. Profit or Loss over a period.

B. Financial position of the unit over a period.

C. Financial position of the unit as on a baparticular date.

D. Position of assets and liabilities over a period of time.

Ans: Financial position of the unit as on a baparticular date.

Explanation : 0

[22]Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called?

A. Universal banking

B. Virtual banking

C. Narrow banking

D. Brick & Mortal banking

Ans: Virtual banking

Explanation : 0

[23]Which of the following is also known as multi-manager investment?

A. Bond

B. Securities

C. Stock

D. Funds of Fund

Ans: Funds of Fund

Explanation : 0

[24]Which bank has become the first private sector bank to sell Indian gold coins?

A. Dhanlaxmi Bank

B. Federal Bank

C. ICICI Bank

D. IndusInd Bank

Ans: Federal Bank

Explanation : 0

[25]Which of the following authorities is not involved with FDI dealing?

A. Reserve bank of India

B. Foreign Investment Implementation Authority

C. Securities and Exchange board of India

D. Foreign Investment Promotion Board

Ans: Securities and Exchange board of India

Explanation : 0

"1 2 3 4"