Banking Awareness Quiz for PO & Clerk Exam : Set 8 | GK Infopedia

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[1]Loan taken by the person, not telling the purpose of taking loan is called
A. Non – Personal Loan
B. Secret Loan
C. Free Loan
D. Personal Loan
Ans: Personal Loan
Explanation : 0

[2]The MAT is a tax levied under Income Tax Act of India, 1961. What is the full form of the term MAT?
A. Modified Alternate Tax
B. Minimum Alternate Tax
C. Maximum Alternate Tax
D. Marginal Average Tax
Ans: Minimum Alternate Tax
Explanation : 0

[3]Which was the first bank to set up talking ATM in India?
A. State Bank of India
B. Punjab National Bank
C. Union Bank OF India
D. Axis Bank
Ans: Union Bank OF India
Explanation : 0

[4]Which among the following is a qualitative tool of monetary policy?
A. Bank Rate
B. Credit Ceiling
C. Credit rationing
D. Cash Reserve Ratio
Ans: Credit rationing
Explanation : 0

[5]Which among the following bank has bagged the ‗Best MSME Bank Award 2016 instituted by Assocham?
A. Corporation Bank
B. Syndicate Bank
C. IDBI Bank
D. Indian Bank
Ans: Corporation Bank
Explanation : 0

[6]When the rate of inflation increases
A. Value of money increases
B. Purchasing power of money decreases
C. Purchase power of money increases
D. Purchasing power of money remains unaffected
Ans: Purchasing power of money decreases
Explanation : 0

[7]Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture credit in India ?
A. NABARD
B. SIDBI
C. RBI
D. SEBI
Ans: NABARD
Explanation : 0

[8]In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers?
A. Retail Banking
B. Universal Banking
C. Virtual Banking
D. Unit Banking
Ans: Retail Banking
Explanation : 0

[9]Which of the following banks (in Sep 2016) has announced the deployment of `Software Robotics in over 200 business processes across various functions?
A. Axis Bank
B. ICICI Bank
C. HDFC Bank
D. IDFC Bank
Ans: ICICI Bank
Explanation : 0

[10]Which of the following is the main advantage of ASBA‖ with the applicants for share allotment?
A. ASBA applicant has got certain preference in allotment of shares as compared to general applicants
B. ASBA applicants need not remit the fund for allotment of shares, he/she will do after shares are allotment to him/her
C. ASBA applicant has got secured allotment of shares
D. ASBA applicants deposit/OD account is not debited, only the funds are blocked for the same and he/she continues to avail interest till the shares are allotted to him/her.
Ans: ASBA applicants deposit/OD account is not debited, only the funds are blocked for the same and he/she continues to avail interest till the shares are allotted to him/her.
Explanation : 0

[11]Who among the following is the guardian of the PFRDA, subject to his Financial Emergency Powers, as per the Articles of Indian Constitution?
A. Vice President
B. Prime Minister
C. President
D. GOI
Ans: President
Explanation : 0

[12]How many banks are presently associated of State Bank of India?
A. Eight
B. Seven
C. Six
D. Five
Ans: Five
Explanation : 0

[13]In which of the following States there is no Regional Rural Bank?
A. Karnataka
B. Goa
C. Uttarakhand
D. Himachal Pradesh
Ans: Goa
Explanation : 0

[14]Which of the following bank is the first universal bank established in the country:
A. SBI
B. PNB
C. ICICI Bank Limited
D. None of these
Ans: ICICI Bank Limited
Explanation : 0

[15]Who is the ex-officio chairperson of the Monetary policy Committee (MPC)?
A. Finance secretary, Government of India
B. Finance Minister
C. RBI Governor
D. Chief Economic Advisor to Government of India
Ans: RBI Governor
Explanation : 0

[16]Mohammad yunnus, who has been awarded Nobel peace prize in 2006, is a citizen of
A. Bangladesh
B. Iran
C. Malaysia
D. Pakistan
Ans: Bangladesh
Explanation : 0

[17]Which of the following term in related with Economy?
A. Absolute Zero
B. Amplitude
C. Soft patch
D. Buoyancy
Ans: Buoyancy
Explanation : 0

[18]The Basic Savings Bank Deposit Account opened on the basis of simplified KYC norms are treated as Small Account. BSBDA-Small Accounts are NOT subject to which of the following conditions?
A. Total credits should not exceed Rs.1 lakh in a year.
B. Maximum balance should not exceed Rs.50,000 at any time.
C. The total of debits should not exceed Rs.10,000 in a month.
D. Other than the given options
Ans: Other than the given options
Explanation : 0

[19]The capital markets regulatory authority has supervision over:
A. Stock exchanges
B. Foreign institutional investors
C. Equity and debt raisers
D. All the above
Ans: All the above
Explanation : 0

[20]Which of the following bodies regulates the Regional Rural Banks?
A. RBI
B. NABARD
C. Debapartment of Rural Development
D. State Government
Ans: NABARD
Explanation : 0

[21]Monetary Policy of RBI does not include
A. Control the supply of Money
B. Reduction of taxes
C. Fixation of rate of interest (least in some categories)
D. Fixation of Repo rate and Reverse Repo rate
Ans: Reduction of taxes
Explanation : 0

[22]BCSBI is governed by a
A. six-member
B. Four-member
C. Five-member
D. Three-member
Ans: six-member
Explanation : 0

[23]Bank Rate is…
A. Rate at which commercial banks borrow long term funds from Central Bank.
B. Rate at which commercial banks borrow Short term funds from Central Bank.
C. None of these
D. Both 1 and 3
Ans: Rate at which commercial banks borrow long term funds from Central Bank.
Explanation : 0

[24]Which of the following banks is limited to the needs of agriculture and rural finance?
A. RBI
B. SBI
C. IFC
D. NABARD
Ans: NABARD
Explanation : 0

[25]The process of the total valuation of the financial capital assets of a country is technically known as?
A. Market Capitalization
B. Gross Domestic Product
C. Net wealth of the country
D. Gross Domestic Resources
Ans: Market Capitalization
Explanation : 0



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