Banking Awareness Quiz for PO & Clerk Exam : Set 69 | GK Infopedia

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[1]What does CRR stand for?
A. Credit Reserve Ratio
B. Cost Advisory Ratio
C. Cash Reserve Ratio
D. Cash Revenue Ratio
Ans: Cash Reserve Ratio
Explanation : 0

[2]The minimum acceptable amount under the Scheme of Certificate of eposit is
A. Rs. 1 lakhs
B. Rs. 25 lakhs
C. Rs. 20 lakhs
D. Rs. 25 lakhs
Ans: Rs. 1 lakhs
Explanation : 0

[3]Expand the term FRBM?
A. Financial Responsibility and Business management
B. Fiscal Responsibility and Business management
C. Financial Responsibility and Budget Management
D. Fiscal Responsibility and Budget Management
Ans: Fiscal Responsibility and Budget Management
Explanation : 0

[4]First Multi-currency international Debit Cards are issued in India by
A. ICICI Bank
B. State Bank of India
C. Axis Bank
D. Indian Bank
Ans: State Bank of India
Explanation : 0

[5]The Indian person who received the Nobel Prize in Economic?
A. Rabindra Nath Tagore
B. C.V. Raman
C. Amartya Sen
D. Dr. Radha Krishan
Ans: Amartya Sen
Explanation : 0

[6]What type of loan is granted by banks for purchase of the White Goods?
A. Home Loan
B. Jewel Loan
C. Finance Loan
D. Consumer Durables Loan
Ans: Consumer Durables Loan
Explanation : 0

[7]A ‗Non-negotiable crossing is a
A. General crossing
B. Special crossing
C. Restricted crossing
D. Non-transferable crossing
Ans: General crossing
Explanation : 0

[8]Which Bank is called Apex Bank?
A. Development Bank of India
B. NABARD
C. Reserve Bank of India
D. SBI
Ans: Reserve Bank of India
Explanation : 0

[9]The headquarter of Bank of India is located in which of the following city?
A. Kolkata
B. New Delhi
C. Mumbai
D. Manipal
Ans: Mumbai
Explanation : 0

[10]Closed Economy is one in which :
A. only export takes place
B. money supply is fully controlled
C. deficit financing takes place
D. neither export nor import takes place
Ans: neither export nor import takes place
Explanation : 0

[11]When was the 2nd phase of nationalization of banks done?
A. 15th April 1980
B. 25th june 1969
C. 20th Aug. 1979
D. 15th Aug. 1980
Ans: 15th April 1980
Explanation : 0

[12]Which of the following types of banks are NOT allowed to provide credit facilities to their customers?
A. Small Banks
B. Payments Banks
C. Universal Banks
D. Cooperative Banks
Ans: Payments Banks
Explanation : 0

[13]Slogan of Corporation Bank is:
A. Working for a better tomorrow
B. Trusted Family Bank
C. Prosperity For All
D. None of The Above
Ans: Prosperity For All
Explanation : 0

[14]Which among the following definitions are correct:
A. Online ATMS – These ATMs are connected to the bank’s database at all times and provide real time transactions online. The withdrawal limits and account balances are constantly monitored by the bank.
B. Offline ATMs – These ATMs are not connected to bank’s database hence they have a pre-defined withdrawal limit fixed and you can withdraw that amount irrespective of the balance in your account.
C. Onsite ATM – The ATMs installed within a branch premises
D. All of the Above
Ans: All of the Above
Explanation : 0

[15]Which of the following acts as Regulators for Credit rating agencies in India?
A. RBI
B. NSDL
C. SEBI
D. SIDBI
Ans: SEBI
Explanation : 0

[16]Expand LIBOR?
A. London Inter Bank Offered Rate
B. London Inter Bank Official Rate
C. London Inter Bank Offered Ratio
D. London International Bank Offered Rate
Ans: London Inter Bank Offered Rate
Explanation : 0

[17]Which among the following is the private sector banks?
A. Union Bank of India
B. Syndicate Bank
C. IDBI Bank
D. HDFC Bank
Ans: HDFC Bank
Explanation : 0

[18] HDFC Bank has announced its UPI will also be available on Chillr, a multi-bank mobile payments app. What is the meaning of I in UPI?
A. Instant
B. International
C. Initial
D. Interface
Ans: Interface
Explanation : 0

[19]Large amounts of cheques are processed by using
A. OCR
B. MICR
C. OMR
D. All of these
Ans: MICR
Explanation : 0

[20]Financial inclusion is meant for -
A. Less privileged persons
B. Senior citizens
C. Micro finance institutions
D. All the above
Ans: Less privileged persons
Explanation : 0

[21]Fall in the value of currency in respect to other currencies is known as:-
A. Deflation
B. Devaluation
C. Depreciation
D. All of the above
Ans: Depreciation
Explanation : 0

[22]What does the acronym IFCI mean?
A. International Finance Corporation of India
B. Industrial Finance Corporation of India
C. Institute of Financial Consultants of India
D. Industrial Finance Council of India
Ans: Industrial Finance Corporation of India
Explanation : 0

[23]In India, National income is estimated by ?
A. Planning Commission
B. Indian Statistical Institute
C. Central Statistical Office
D. National Sample Survey Organisation
Ans: Central Statistical Office
Explanation : 0

[24]Deposits under Foreign Currency Non- Resident(FCNR) scheme can be accepted for a minimum of
A. 15 days
B. 3 months
C. 6 months
D. 1 year
Ans: 1 year
Explanation : 0

[25]The banks included in 2nd schedule of are known as scheduled banks
A. Banking Regulation Act
B. Reserve Bank of India Act
C. Negotiable Instrument Act
D. Banking (Acquisition & Transfer of Properties)Act
Ans: Reserve Bank of India Act
Explanation : 0



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