Banking Awareness Quiz : 20 Questions from previous paper

Banking Awareness Quiz
1. The Asian Development Bank (ADB), established to facilitate economic development in Asia, is headquartered in ________________.
    (a) Bangkok, Thailand
    (b) Tokyo, Japan
    (c) Manila, philippnies
    (d) Jakarta, Indonesia
    (e) None of these


2. Currently, the reserve Bank of India (RBI) acts as banker to all the State Govt In India, except _____________.
     (a) Nagaland
     (b) Kerala
     (c) Sikkim
     (d) Goa
     (e) None of these

3. At present, K V Kamath is the president of the _____________________.
    (a) Asian Infrastructure Investment Bank (AIIB)
    (b) New Development Bank (NDB)
    (c) International Bank for Reconstruction & Development (IBRD)
    (d) Asian Development Bank (ADB)
    (e) None of these

4. The Banking Regulation Act that governs commerical banks does not apply fully on which of the following as of now ?
     (a) RRBs
     (b) Foreign Banks
     (c) Private Banks
     (d) Cooperative Banks
     (e) None of these

5. As per the RBI's guidelines, banks can process contactless transactions below what amount without a personal identification number (PIN)?
 (a) Rs. 5,000
 (b) Rs. 4,000
 (c) Rs. 3,000
 (d) Rs. 2,000
 (e) None of these

6. There are two parts of banks balance sheet -assets & liabilities. The assets, everything that the bank owns  or is owned, does not include _____________.
    (a) loans made by the bank
    (b) bank branch buildings
    (c) cash in its vaults
    (d) govt bonds
    (e) None of these

7. Which of the following banks has announced to buy domestic online retail broking major sharekhan for an undisclosed sum of money recently?
     (a) HDFC Bank
     (b) BNP Paribas
     (c) ICICI Bank
     (d) Federal Bank
     (e) None of these

8. Which of the following does NOT come under the RBI quantitative measure of credit control?
     (a) SLR
     (b) CRR
     (c) Bank Rate
     (d) Moral Suasion
     (e) None of these

9. The  Green Climate Fund (GCF) has accredited which of the following as an implementing entity for undertaking climate change-related projects in India ?
     (a) RBI
     (b) SIDBI
     (c) SBI
     (d) NABARD
     (e) None of these

10. Which of the following was the first bank to introduce the ATM concept in India way back in 1987 ?
     (a) HDFC Bank
     (b) ICICI Bank
     (c) HSBC
     (d) CITI Bank
     (e) None of these

11. ____________ provides insurance cover to the deposits with the bank in our country.
     (a) SWIFT
     (b) DICGC
     (c) ECGC
     (d) National Insurance Co
     (e) None of these

12. What is the full form of CDR as used in the field of banking/finance ?
       (a) Corporate Deposit Restructuring
       (b) Corporate Debt Restructuring
       (c) Company Deposit Restructuring
       (d) Company Debt Restructuring
       (e) None of these

13. Which of the following is NOT an electronic banking delivery channel ?
       (a) Mobile banking
       (b) Internet banking
       (c) Telephone banking
       (d) ATM
       (e) None of these

14. The govt is considering permitting 100% foreign investment in white-label ATM operations. The white-label ATM are set up by _______________.
       (a) RBI directly
       (b) state govts
       (c) private sector banks
       (d) private non-bank companies
       (e) None of these

15. The govt has announced appointment of MD & CEO of five public sector lender. which of the following is NOT correct in this regard?
      (a) Rakesh Sharma- Canara Bank
      (b) PS Jayakumar- Bank of Baroda
      (c) MO Rego- Bank of India
      (d) Usha Ananthasubramanian- Allahabad Bank
      (e) None of these

Solution

1. Manila, philippnies
2. Sikkim
3. New Development Bank (NDB)
4. Cooperative Banks
5. Rs. 2,000
6. None of these
7. BNP Paribas
8. Moral Suasion
9. NABARD
10. HSBC
11. DICGC
12. Corporate Debt Restructuring
13. None of these
14. private non-bank companies
15. Usha Ananthasubramanian- Allahabad Bank


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