Banking Awareness Quiz - Part 7

Banking Awareness Quiz for today :-

Q1. Capital Market deals in:

a) Long Term Funds

b) Debt and Equity

c) All of Above

d) None of These

Q2. In which year Banking Commission was established:

a) 1971

b) 1972

c) 1974

d) 1975

Q3. IRDA's headquarter situated at:

a) Ahmedabad

b) Hyderabad

c) Aurangabad

d) None of These

Q4. State Bank of India was formulated under:

a) SBI Act, 1957

b) SBI Act, 1959

c) SBI Act, 1955

d) None of These

Q5. Which of the following bank is the first universal bank established in the country:
a) SBI
b) PNB
c) ICICI Bank Limited
d) None of These


Q6. Scheduled Commercial Banks got licence under:
a) Banking Regulation Act 1949
b) Banking Regulation Act 1952
c) Banking Regulation Act 1955
d) None of These


Q10. Laxmi Commercial Bank merged with:

a) Vijaya Bank
b) Dena Bank
c) Canara Bank
d) None of These

Q11. When ATM machine installed in the bank is out of order, it is called:
a) Operational Risk
b) Electronic Default
c) ATM  Auto Default
d) None of these


Q12. When the computers are not functioning in a bank, it is called:
a) Auto Default
b) Computer Risk
c) Operational Risk
d) None of These

Q13. When the loans are not repaid in time, it is called:
a) Loan Defaulter
b) Credit Risk
c) Weak Creditworthiness
d) None of These


Q14. When the bank products fail to survive in the market, it is called:
a) Bank Products Failure
b) Bank Failure
c) Market Risk
d) None of These

Q15. When the banks are not able to pay the amount to the depositors, it is called:
a) Bank Insolvency
b) Liquidity Risk
c) Financial Default
d) None of These

Must read 

Types of risks faced by a bank

Q16. IFSC denotes:
a) Branch Location of any Bank
b) Branch Code of any Bank
c) District Code of any Bank
d) None of These


Q17. IFSC consists of:
a) 11 Digits
b) 14 Digits
c) 12 Digits
d) None of These

Q18. Oriental Bank of Commerce has taken over:
a) Kotak Mahindra Bank
b) Axis Bank
c) Global Trust Bank
d) None of These


Q19. RBI does not issue:
a) One Rupee Note
b) Hundred Rupee Note
c) Twenty Rupee Note
d) None of These


Q20. Which state government's business is not transacted by RBI:
a) Himachal Pardesh
b) Jammu and Kashmir
c) Manipur
d) None of These


Q21. Which was the first Indian bank to open the branch outside India at London in 1946:
a) Punjab National Bank
b) SBI
c) Bank of India
d) None of These


Q22. NRI deposits are called as:
a) Hot Money
b) Foreign Deposits
c) NRI Funds
d) None of These


Q23. LAB means:
a) Legislatively Assembled Banks
b) Lawfully Authorized Banks
c) Local Area Banks
d) None of These


Q24. First Public Sector Bank to issue capital to public is:
a) Axis Bank
b) Oriental Bank of Commerce
c) Laxmi Bank
d) None of These


Q25. The Management of SEBI consists of:
a) Chairman and Four Members
b) Chairman and Seven Members
c) Chairman and Five Members
d) None of These


Q26.  Social Control of the banks introduced during the year:
a) 1967
b) 1969
c) 1970
d) None of These


Q27. Which of the following is correct about the Home Banking:
a) Extended version of  Tele-Banking
b) Customer is able to access his bank account from home
c) All of The Above
d) None of These


Q28. The regulatory authority for Regional Rural Banks is RBI and:
a) NABARD
b) Bhartiya Mahila Bank
c) Laxmi Bank
d) None of These


Q29. When RBI desires to restrict expansion of credit it raises the:
a) Bank Rate
b) SLR
c) Both SLR and Bank Rate
d) None of These


Q30. Sub Section 12AB of section 17 of RBI Act defines the term:
a) Repo Rate
b) Reverse Repo Rate
c) SLR
d) None of These


Take previous quiz :-

Banking awareness Quiz 1, Quiz 2, Quiz 3, Quiz 4 , Quiz 5 and Quiz 6,

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