Banking Awareness Quiz : 10 Important Questions from Previous Papers

Ques 1.
Pledge means :
(a) advance against goods
(b) hypothecation of goods
(c) bailment of goods as security for payment of a debt or performance of a promise.
(d) open limits
   


Ques 2.
Currency Swaps are:
(a) common  currency transactions involving  borrowing and lending
(b) currency loans from a froeign country
(c)back to back loan
(d) None of the above


Ques 3.
The largest financial conglomerate of India is :
(a) HDFC Bank
(b) ICICI Bank
(c)IFCI
(d) SBI


Ques 4.
The single largest component of external debt is:
(a) Commercial borrowings
(b) Multilateral debt
(c) Short term Debt
(d) NRI  deposits


Ques 5.
Which category of accounts are opened under financial Inclusion :
(a) Senior citizens deposit
(b)Super Saver Accounts
(c) No- Fill Accounts
(d) SBI Vishesh

Ques 6.
Who was the first Indian Governor of the Reserve Bank  of India:
(a) C.D. Deshmukh
(b) Schindra Ray
(c) S. Mukherjee
(d) I.G. Patel


Ques 7.
Hypothecation is :
(a) a transaction of conditional sale
(b) a legal transaction  whereby  goods may be mad available as security  for a debt.
(c) Tranfer of  ownership by the borrower to the lender
(d) None of the above


Ques 8.
stop payment instructions remain in force for a period of :
(a) one year
(b) three months
(c) six months unless revoked by the customer
(d) until the account is closed by the customer



Ques 9.
The  beneficiary of the LC  draws a bill of exchange  on :
(a) Issuing Bank 
(b) Advising Bank
(c) Negotiating Bank
(d) none  of these


Ques 10.
Village Adoption Scheme means :
(a) adopting a village for opening  the branch of the bank
(b) adopting a village for intensive deposit mobilisation campaign
(c) Selection of a village for intensive deposit mobilisation compaign
(d) None of the above


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