Banking Awareness Quiz - Part 119

banking
1. Banks can receive deposits from customers up to a maximum period of:
    (a) 10 years
    (b) 15 years
    (c) 20 years
    (d) 25 years
    (e) None of these
         


 2. Credit Card related grievances can also be referred to:
    (a) Consumer Forum
    (b) Ombudsman
    (c) Lok Adalat
    (d) All of these
    (e) None of these
           

3. Expand BIS:
    (a) Bank for International Settlements
    (b) Bank for Industrial Settlements
    (c) Bank for Industrial Sectors
    (d) Bank for International Services
    (e) None of these
           

4. For a foreigner temporarily residing in India, type of account to be opened is:
    (a) Resident Account
    (b) NRO Account
    (c) NRE Account
    (d) All of the above
    (e) None of these
         

 5. For which of the following categories of banks is "protected Disclosure Scheme" is applicable:
    (a) Co-operative Banks
    (b) Private Banks and Foreign Banks
    (c) Public Sector Banks
    (d) All of the above
    (e) None of these
           

6. The punchline "Feel the Difference" is associated with:
    (a) DCB Bank
    (b) Deutsche Bank
    (c) Yes Bank
    (d) Citibank
    (e) None of these
         

 7. VDMS in Government transactions means:
    (a) Verified Date-wise Monthly Statement
    (b) Valuable Data Management System
    (c) Variable Data Matching System
    (d) All of the above
    (e) None of these
          

8. The term packing credit means:
    (a) advances against goods in packages
    (b) advance for import of goods
    (c) advance for export of goods
    (d) advance for financing the purchase, processing, manufacturing or packing of goods for export against a letter of credit or a confirmed order
    (e) None of these
        

9.
The DICGC operates the Credit Guarantee Scheme for small scale industries on behalf of the:
    (a) LIC
    (b) IBA
    (c) Union Government
    (d) All of the above
    (e) None of these
         

10. "Window dressing" means:
      (a) the modern way of decorating a branch office
      (b) a decorative way of presenting the Balance Sheet and Profit and Loss Account of a bank at its  annual general meeting
      (c) manipulation of accounts with a view not to give the share holders a true and fair view
      (d) a practice of presenting final accounts of a bank with a view to exhibit a favourable position
      (e) None of these
            

11. The term "dormant accounts" means:
      (a) accounts showing an average balance of less than Rs. 100 during a half year
      (b) accounts which remains inoperative for an extended period of time
      (c) accounts which have been blocked under the exchange control regulations
      (d) loan/cash credit/overdraft accounts which are considered irrecoverable
      (e) None of these
          

 12. World Investment Report is annually published by:
       (a) IBRD
       (b) WTO
       (c) IMF
       (d) UNCTAD
       (e) None of these
              

13. As we know the RBI is the apex Bank of India, similarly the apex Bank of USA is called:
      (a) Federal Reserve
      (b) The Central Bank of USA
      (c) Bank of America
      (d) All of the above
      (e) None of these
            

14. The regulator of Micro Finance in India is:
      (a) Finance Ministry
      (b) Reserve Bank of India
      (c) State Bank of India
      (d) All of these
      (e) None of these
          

Answers 

1. 10 years
2. Ombudsman
3. Bank for International Settlements
4. NRO Account
5. Private Banks and Foreign Banks
6. DCB Bank
7. Verified Date-wise Monthly Statement
8. advance for financing the purchase, processing, manufacturing or packing of goods for export against a letter of credit or a confirmed order
9. None of these
10. a practice of presenting final accounts of a bank with a view to exhibit a favourable position
11. accounts which remains inoperative for an extended period of time
12. UNCTAD
13. Federal Reserve
14. None of these

Downloads

Download Complete Banking Awareness Notes here
    

Join 40,000+ readers and get free notes in your email

0 comments:

Post a Comment

Thanks for commenting. It's very difficult to answer every query here, it's better to post your query on IBPSToday.com