Banking Awareness Quiz : Part 101

Banking Awareness Quiz
Ques 1. "Banking Ombudsman" means a  person :
A. appointed to settle dispute between employee and  management
B. to whom customer  can approach for redressal of his grievances
C. appointed to recover dues from defaulting borrowers
D. none of the above


Ques 2. "Bid - Ask Price " is :
A. quotation of the foreign currency 
B. rate at which the traders bid for foreign currency
C. rate at which the traders ask for  foreign currency
D. none of the above


Ques 3. " Hundi " is a:
A. Draft
B. cheque
C, Bill of Exchange
D. Promissory Note


Ques 4. " Islamic Banking " is a term used for :
A. interest free deposits , investment
B. covering Banking  of Muslims
C. covering Islamic nations
D. none of the above


Ques 5. Banking  Industry has been  declared as public utility service for purpose of ;
A. Negotiable Instruments Act, 1881
B. Reserve Bank of India Act, 1934
C. Banking Regulation Act, 1949
D.Industrial Disputes Act


Ques 6. Cash drawings under kisan  cards can be  permitted at:
A. designated branches
B. at issuing branches
C. all branches
D. none of these


Ques 7.
Currency Chest is the property of :
A. State Bank of India
B. Government of India
C. Reserve Bank of India
D. None of these


Ques 8.
PAN number is required for all transaction above :
A. Rs. 25,000
B. Rs. 50,000
C. Rs. 1 lac
D. Rs. 10 lacs


Ques 9.
The government has stipulated that quoting permanent Account  nmber is mandatory for :
A. Current accounts
B. Demat Accounts
C. Terms Deposits
D. Savings  bank


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