Banking Awareness Quiz - 20 Expected Questions (Part 3)

Banking Awareness Quiz for today :-

Q1. If you buy a financial instrument in one market in order to sell the same instrument in another market at higher price, it will be called as:

a) Brokerage

b) Arbitrage

c) Forfeiture of Instrument 

d) None of The Above

Q2. AER stands for:

a) Average Earnings Rate

b) Annual Earnings Rate

c) Appropriate Earning Rate

d) None of The Above

Q3. _______is a machine, activated by a magnetically encoded card or other medium that can process a variety of banking transactions:

a) MICR 

b) Bar Code Reader

c) ATM

d) None of The Above

Q4.  Which among the following is incorrect about Bank Ombudsman:

a) Bank Ombudsman scheme was first introduced in 1995 but start in operations from 2006

b) Bank Ombudsman has the power to solve banking complaints.

c) Bank Ombudsman acts as the one of representative of Reserve Bank of India in order to implement RBI's rules and regulations 

d) All of The Above

e) None of The Above

Q5. The commission charged by a broker is ______:

a) Brokerage Interest

b) Brokerage Fee

c) Brokerage Profit

d) None of The Above

Q6. ______is a short term and unsecured promissory notes issued by corporations with very high credit standings:

a) Commercial Paper

b) Cheque

c) Corporate Bond

d) None of The Above

Q7. CBS stands for:

a) Code Banking Solutions

b) Core Banking Solutions

c) Central Banking Solutions

d) None of The Above

Q8. Slogan of Corporation Bank is:

a) Working for a better tomorrow

b) Trusted Family Bank

c) Prosperity For All 

d) None of The Above

Q9. "Blending Modernity with Tradition" is the slogan of:

a) State Bank of Patiala

b) Where Service is a way of life

c) A Long Tradition of Trust

d) None of The Above

Q10. Head Office of SBI is situated at:

a) Mumbai, Maharashtra 

b) Kolkata, West Bengal

c) New Delhi

d) None of The Above

Q11. Usha Ananthasubramanian is the current chairman and managing director of:

a) PNB
b) SBI
c) Bhartiya Mahila Bank
d) None of The Above

Prior to joining the Punjab National Bank, Usha Ananthasubramanian was Chairman & Managing Director of Bharatiya Mahila Bank. During the period from July 2011 to November 2013, she was the Executive Director of Punjab National Bank. Now at PNB.

Q12. Arundhati Bhattacharya is concerned with:

a) ICICI Bank
b) State Bank of India
c) Corporation Bank
d) None of The Above

Q13. Head Office of "Oriental Bank of Commerce" is located at:
a) New Delhi
b) Gurgaon, Haryana
c) Gandhi Nagar
d) None of The Above

Q14. IRDA stands for:
a)  Investment Regulatory Development Authority
b) Insurance Regulatory Development Authority
c) Indian Regulatory Development Authority
d) None of The Above

Q15. IBA stands for:
a) Indian Bank's Association
b) Investment in Bank's Association
c) Initial Bond Assessment
d) None of The Above


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