Banking Awareness Quiz - Part 24

Banking Awareness Quiz -
Q1. A service charge on your bank statement will result in:

a) Interest Deduction from your account

b) A Lower Balance

c) Fixed Charges incurred

d) None of These

Q2. Obtaining cash from an ATM is similar to:

a) Writing a Cheque

b) Open any Account

c) Any banking transaction 

d) None of These

Q3. A _______is used to add funds to bank account:

a) Cheque

b) Pass Book

c) Deposit Slip

d) None of These

Q4. A ______ endorsement includes the words "FOR DEPOSIT ONLY":

a) Restrictive

b) Predictive

c) Conductive 

d) None of These

Q5. A _______offers loans to people starting their own business"

a) Bank

b) Credit Union

c) Pawnshop

d) None of These

Q6. Opening a checking account requires completing a _______:
a) Signature Card

b) Address Form

c) Specific Mentioned Identity 

d) None of These

Q7. As we know RBI was comes into existence in 1 April, 1935 but became the central banking authority in:

a) 1965

b) 1966

c) 1961

d) None of These

Q8. Banking companies act passed in:

a) 1950

b) 1949

c) 1943

d) None of These

Q9. 14 Major banks were nationalized in:

a) 1970

b) 1969

c) 1968

d) None of These

Q10. 7 More banks were nationalized in:

a) 1980

b) 1981

c) 1983

d) None of These

Q11. E - Banking covers both Computer banking and _______:
a) Merchant Banking

b) Telephone Banking

c) Standard Banking

d) None of These

Q12. Which of the following features fit for E - Banking:

a) Providing Ease in banking operations

b) Stress on branch less banking

c) Time Saving 

d) All of Above

e) None of These

Q13. ICICI Bank kicked of online banking in:
a) 1998
b) 1997
c) 1996
d) None of These

Q14. The Banking Ombudsman Scheme, 2006 enables resolution of _______:
a) Complaints of bank customers relating to certain services rendered by banks.
b) Complaints of bank branches relating to certain services rendered to customers
c) Complaints of NRI only
d) None of These

Q15. Banking OMBUDSMAN scheme has come into force from:
a) January 15, 2006
b) January 1, 2006
c) January 26, 2006
d) None of These

Q16. The Banking Ombudsman is person appointed by the ________to redress customer complaints against certain deficiency in banking services:
a) Indian Banking Personnel Selection
b) Reserve Bank of India
c) Securities and Exchange Board of India
d) None of These

Q17. Banking Ombudsman is a ________:
a) Collateral Judicial Authority
b) Bi - Lateral Judicial Authority
c) Quasi Judicial Authority
d) None of These

Q18. Banking Ombudsman has power to summon _______:
a) Bank Only
b) Customer Only
c) Both of Above
d) None of These


Q19. The Banking Ombudsman Scheme was first introduced in _____:
a) 1995
b) 1996
c) 1998
d) None of These


Q20. As we know, the banking ombudsman scheme was first introduced in 1995 and was revised in ___:
a) 2004
b) 2002
c) 2003
d) None of These

Take previous Banking quiz :-

1, 2, 3, 4 , 5 , 6,  7, 8, 9, 10, 11, 12 , 13, 14, 15, 16, 17, 18 ,19 ,20, 21, 22 and 23.