Banking Awareness Quiz - Part 18

Banking Awareness Quiz for today :-

Banking awareness quiz

Q1. LAF stands for:
a) Liquidity Access Facility
b) Lending Access Facility 
c) Liquidity Adjustment Facility
d) None of These


Q2. NEFT stands for:
a) National Economic Financial Transfer
b) National Electronics Funds Transfer
c) Non - Economic Funds Transfer
d) None of These

Q4. A ______bank functions as the apex controlling institution in the banking and financial system of the country:
a) Commercial Bank
b) Central Bank
c) Private Sector Banks
d) None of These


Q5. Example of specialized bank is:
a) Dena Bank
b) NABARD
c) Vijaya Bank
d) None of These


Q6. EXIM bank was established on:
a) 5 January, 1984
b) 1 January, 1982
c) 10 February, 1980
d) None of These

Q7. How many banks were nationalized in 1969:
a) 18
b) 14
c) 19
d) None of These


Q8. No bank can carry on the business of banking in India unless it holds a licence granted by the:
a) State Bank of India
b) Reserve Bank of India
c) World Bank
d) None of These


Q9. SWIFT refers to:
a) Special Worldwide Inclusion of Finance Telecommunication
b) Society for Worldwide Inter-bank Financial Telecommunication
c) Scope for Worldwide Inter - bank Financial Transfers
d) None of These


Q10. Which of the following is correct about Call - Money:
a) Money borrow or lent on demand for a very short period.
b) No collateral security is needed to cover these transactions
c) Interest rates are market determined.
d) All of Above
e) None of These


Q11. A cheque is called _____when it is possible to get cash over the count at the bank:
a) Bearer Cheque
b) Open Cheque
c) Crossed Cheque
d) None of These


Q12. When the difference in the value of Imports and Exports of only physical goods or visible items are taken into account, it is called:
a) Balance of Trade
b) Net Exports
c) Both of Above
d) None of These


Q13. Those share which are given preference as regards to payment of dividend and repayment of capital is known as:
a) Preference Shares
b) Equity Shares
c) Both of Above 
d) None of These

Q14. A _________is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments and/or other securities:
a) Joint Ventures
b) Mixed Investment 
c) Mutual Fund
d) None of These


Q15. Headquarter of EXIM bank is situated at:
a) Kolkata
b) Delhi
c) Mumbai
d) None of These


Q16. FEMA stands for:
a) Finance Economic Management Act
b) Foreign Exchange Management Act
c) Facilitate Economic Measures Association
d) None of These

Q17. Slogan of Andhra Bank is:
a) Together We Prosper
b) Much More to do, With YOU in focus
c) Trusted Family Bank
d) None of These


Q18. A _______is that bank in which 50% of their capital is provided by central government, 15% by concerned state government and 35% by sponsored commercial banks:
a)  Private Sector Bank
b) Public Sector Bank
c) SBI
d) RRB


Q19. Money value of total goods and services + Income from Abroad is called:
a) GNP
b) GDP
c) National Income
d) None of These


Q20. ______ is the money value of all goods and services produced in a country during a year:
a)  GDP
b) National Income
c) GNP
d) None of These

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