Banking And Financial Awareness Quiz : Part 13

Ques 1.
Which of the following rates decided by the RBI is called "Policy Rate "?
(a) Lending Rate
(b) Cash Reserve Ratio
(c) Bank Rate
(d) Deposit Rate




Ques 2.
Loan Given by the banks to farmers/small shop owners etc. is known as......
(a) Corporate loan
(b) Business loan
(c) Priority sector loan
(d) Commercial Loan


Ques 3,
The Head office of which of the following banks is in Mumbai ?
(a) Punjab National Bank
(b) Bank of Maharashtra
(c) UCO Bank
(d) Union Bank of India


Ques 4.
Which of the following  is NOT  a type of cheque issued by an individual?
(a) Bearer cheque
(b)  Order cheque
(c) Crossed cheque
(d) Savings cheque


Ques 5.
what is Financial inclusion ?
(a) To provide a permanent  employment to the unemployment
(b) To provide a 100 days job to all those who are in need of a job
(c)  To provide banking services to all  living in remote areas
(d) To ensure that all financial transaction  amounting Rs. 5,000/- and above are done through banks.


Ques 6.
which of the following places in india does not have a stock in India ?
(a)  Kolkata
(b) Ahemdabad
(c)  Mumbai
(d) Udaipur

Ques 7.
Which of the following is the name of private sector Bank in India ?
(a) IDBI Bank
(b)  Axis Bank
(c) Corporation Bank
(d) UCO Bank

Ques 8.
In order to avoid crowing of customers wanting to withdraw cash in  the branches, banks have provided many delivery channels. Which of the following is one of the most popular Channels of getting instant hard cash ?
(a) Core Banking Solution
(b)  Pay orders
(c) Demand Drafts
(d)  Automated Teller Machines.


Ques 9.
Current accounts can be  freely opened by ................................. Find the incorrect answer.
(a) All NRIs
(b) All businessman
(c) Government department
(d) HUFs


Ques 10.
Many times we read in financial newspaper/magazines about Systematic  Investment Plans (SIPs).
SIPs are an investment option also operated in the mode of :
(a) Mutual Funds
(b)  Small Savings Schemes in Post Officers
(c) National  Pension Fund
(d) National Saving Certificates


Ques 11.
Who amongst teh following has suggested to the bank in India to give details of fund transfer to customers via SMS/ E-mails?
(a) Reserve Bank of India (RBI)
(b) India Bank's Asscociation
(c) Indian Institute of Banking & Finance
(d) Securities & Exchange Board of India.


Ques 12.
Which of the following products launched by most of the banks  help  farmers in getting instant credit for various agricultural Purpose ?
(a) Kissan Credit Card
(b) Personal Loan
(c)  Business Loan
(d) None of these


Ques 13.
Which of the following policies of the financial sectors is basically  designed to treansferring loacl financial assets into foreign financial asset freely at market determined exchange rates ? Policy of :
(a) Capital Accounts Convertibility
(b) Financial Deficit  Managament
(c) Minimum Support Price
(d) None of these


Ques 14.
Which of the following products of a bank is specifically designed to provide financial help to children in their  higher studies in India or in a foreign nation?
(a) Personal Loan
(b) Corporate Loan
(c) Educational Loan
(d) Mortgage Loan


Ques 15.
A Bank/financial Organisation these days relies heavily on e-commerce for its transaction .As a part  of system security .it has introduced  organisation's security manual. This step of the organisation can be classified under which one of the following categories of measures for a business ?
(a) Preventive
(b) Compliance
(c) Corrective
(d) Detective





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