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Banking Awareness Quiz - Part 6

Published on Saturday, August 01, 2015
Banking awareness quiz for upcoming banking exams.

Q1. When a Bank returns a cheque unpaid, it is called:  
  a)  Dishonor of the Cheque   
  b)  Cheque Bounce
  c)  Both Dishonor and Bounce of the Cheque
  d)  None of these

Q2. Mortgage is Security on:
a) Immovable Property
b)  Movable Property
c) Both Movable and Immovable Property
d)  None of these          
Q3. Accounts in which shares of various companies are traded in electronic form are called:
a)  Demat Accounts
b) Revenue Accounts
c) E- Accounts
d) None of these

Q4. Full form of FINO:
a) Financial Information Network and Operation Limited
b) Finance Information Network Organization

c) Finance in Network Organization

d) None of these

Q5. When the purchasing power of money decreases then rate of Inflation:
a) Increases
b) Decreases

c) May be Increase/Decrease
d)  None of these

Q5. Full form of DICGC:
 a) Deposit Insurance and Credit Guarantee Corporation of India Limited
 b)  Document of Insurance and Credit Guarantee Corporation of India
 c)   Deposit in International Credit Guarantee Corporation of India Limited
 d)   None of these

Q6. Urban Cooperative Bank is:
a) Not a Commercial Bank
b) Not a Non - Commercial Bank
c) Listed Bank
d)  None of these

Q7. Following is not a primary function of a Bank:
a)  Facilitating Import of Goods
b) Facilitating Cash Deals
c) Providing Loans
d) None of these

Q8. The reserves which can act as liquidity buffer for commercial banks during crisis times are:
a) CRR and SLR
b) Only CRR
c) Only SLR
d) None of these

Q9. Money Laundering is:
a) Conversion of money which is illegally obtained
b) Conversion of money which is legally obtained
c) All converted money
d) None of these

Q10. The credit risk to the bank is high from which of these cards:
a) Credit Card
b) Debit Card
c) Both types of Cards
e) None of these

Q11. Mortgage is a security on  which kind of property for loan given by the bank:
a) Immovable Property
b) Movable Property
c) Both kinds of Property
d) None of these

Q12. NEFT means:
a) National Electronic Funds Transfer
b) National Electronically Financial Transfer
c) Non - Electronic Fund Transfer
d) None of these

Q13. Interest on savings bank account now calculated by the banks on:
a) Daily Product Basis
b) Monthly Product Basis
c) Weekly Basis
d) None of these

Q14. Which of the following is not a money market instrument:
a) Commercial Paper
b) Treasury Bills
c) Loans and Advances
d) None of these

Q15. Which is the first Bank to launch the Mutual Fund:
a) SBI
b) PNB
c) RBI
d) None of these

Q16. Commercial Paper is a:
a) Unsecured Money Market Instrument
b) Secured Money Market Instrument
c) Both Secured and Unsecured Instrument
d) None of these

Take previous quiz :-

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

Download Banking Awareness ebook 

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ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

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