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Banking Awareness : 15 Expected Questions for Exam

Published on Thursday, March 17, 2016
banking quiz
1. Settlement risk can be avoided only if:
    (a) settlements are made on real time basis
    (b) there is a global settlement agency
    (c) foreign exchange transactions are traded in Derivatives
    (d) All of the above

2. The minimum and maximum court fee that is required to be paid for filing a suit in a Debt Recovery Tribunal is:
     (a) Rs. 5,000; Rs. 1,00,000
     (b) Rs. 10,000; Rs. 1,00,000
     (c) Rs. 12,000; Rs. 1,50,000
     (d) Rs. 12,000; no ceiling
     (e) None of these

 3. The primary relationship between the banker and the customer is that of:
     (a) trustee and beneficiary
     (b) debtor and creditor
     (c) principal and agent
     (d) lesser and lessee
     (e) None of these

4. A debt becomes time-barned after:
    (a) one year
    (b) two and a half years
    (c) three years
    (d) five years
    (e) None of these

 5. Which of the following categories of persons is not eligible for being engaged as Business Facilitation in the Bank:
     (a) retired employees of banks
     (b) retired bank employees and Government employees
     (c) bank employees who retired voluntarily
     (d) ex-servicemen
     (e) None of these

6. "Gearing" in accounting parlance refers to:
    (a) Break Even Sales
    (b) Current Ratio
    (c) Debt/Equity
    (d) DSCR
    (e) None of these

7. "Pomology" is associated with:
    (a) mushroom cultivation
    (b) study of fruit crops
    (c) fish farming
    (d) vegetable production
    (e) None of these

8. Which of the following types of ATMs eliminates the need for PIN entry and authenticated customer transactions by thumb impressions:
     (a) White Label ATMs
     (b) Biometric ATMs
     (c) On-site ATMs
     (d) Off-site ATMs
     (e) None of these

9. As per Nayak Committee, the margin contribution of SSI units is _____________ per cent the annual projected turnover.
    (a) 5
    (b) 10
    (c) 20
    (d) 25
    (e) None of these

10. Authority to prescribe retention period of records of banks vests with:
      (a) IBA
      (b) RBI
      (c) GOI
      (d) SEBI
      (e) None of these

11. Brazil, Russia, India and China are called:
      (a) Nuclear Power countries
      (b) Industrialized countries
      (c) Developed countries
      (d) BRIC countries
      (e) None of these

12. Authorized Dealers for foreign exchange transactions are appointed by:
      (a) Reserve Bank of India
      (b) Government of India
      (c) Individual Banks
      (d) FEDAI
      (e) None of these

13. Factors influencing customer behaviour in banking are:
      (a) location and range of services
      (b) safety and return
      (c) customer service
      (d) both B and C
      (e) None of these

14. If a bill of exchange is not drawn for consideration, such a bill is called:
      (a) Trade Bill
      (b) Accommodation Bill
      (c) Clean Bill
      (d) Documentary Bill
      (e) None of these

15. Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemptions is:
      (a) Fixed Income
      (b) Specific Fund
      (c) Close Ended
      (d) Open Ended
      (e) None of these


1. settlements are made on real time basis
2. Rs. 12,000; Rs. 1,50,000
3. debtor and creditor
4. three years
5. bank employees who retired voluntarily
6. Debt/Equity
7. study of fruit crops
8. Biometric ATMs
9. 5
10. RBI
11. BRIC countries
12. Reserve Bank of India
13. customer service
14. Accommodation Bill
15. Open Ended

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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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