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Banking Awareness Quiz - Part 120

Published on Monday, March 28, 2016
1. Expand "EPZ":
    (a) Economical Plus Zone
    (b) Entertainment Plus Zone
    (c) Export Promotion Zone
    (d) Electronic Promotion Zone
    (e) None of these

 2. E.P.S. in share market stands for:
    (a) Earnings per share
    (b) Electronic Payment System
    (c) Employee Pension Scroll
    (d) Equated Payment System
    (e) None of these

3. The currency, Euro, has been introduced w.e.f.:
    (a) 01.01.1999
    (b) 01.01.2000
    (c) 01.08.2001
    (d) 01.03.2002
    (e) None of these

 4. RBI absorbs liquidity in the system through:
    (a) Repo
    (b) Reverse Repo
    (c) Both A and B
    (d) All of the above
    (e) None of these

5. Regional Rural Banks (RRBs) are regulated by:
    (a) NABARD
    (b) Reserve Bank of India
    (c) Sponsoring Bank
    (d) Board of respective RRBs
    (e) None of these

 6. Ten Rupee notes contain the signature of:
    (a) Finance Secretary, GoI
    (b) Chairman, SBI
    (c) Governor, RBI
    (d) Finance Minister, GoI
    (e) None of these

7. Under provisions of which one of the following Acts, the RBI issues directibes to the Banks in India:
    (a) RBI Act
    (b) Banking Regulation Act
    (c) Essential Commodities Act
    (d) Both A and B above
    (e) None of these

8. The main function of IMF is to:
    (a) Finance investment loans to developing countries
    (b) Act as a private sector lending arm of the World Bank
    (c) Help to solve balance of payment problems of member countries
    (d) All of the above
    (e) None of the above

 9. The Headquarters of NABARD is situated in:
    (a) Delhi
    (b) Mumbai
    (c) Lucknow
    (d) Kolkata
    (e) None of these

10. What is the full form of ASBA:
      (a) Allotment supported by Blocked Amount
      (b) Application supported by Blocked Amount
      (c) Application supported by Bank Amount
      (d) Allotment supported by Bank Account
      (e) None of these

 11. National Savings Certificate matures at the end of:
      (a) Six years
      (b) Six and half years
      (c) Seven years
      (d) Eight years
      (e) None of these

12. A cheque drawn on a Treasury is treated as a:
      (a) Cheque
      (b) Negotiable instrument
      (c) Bill
      (d) Government cheque
      (e) None of these

13. A marginal farmer is one who owns:
      (a) up to 2.5 acres of dry land
      (b) up to 1.25 acres wet land
      (c) either A or B
      (d) All of the above
      (e) None of these

 14. Bank branches need tp report suspicious transaction to:
      (a) Controllers concerned
      (b) RBI
      (c) CVC
      (d) FIU-IND, New Delhi
      (e) None of these

15. Bank for International Settlement (BIS) is headquartered at:
      (a) Manila
      (b) Chicago
      (c) Basle, Switzerland
      (d) All of the above
      (e) None of these


1. Export Promotion Zone
2. Earnings per share
3. 01.01.1999
4. Reverse Repo
6. Governor, RBI
7. Both A and B above
8. Help to solve balance of payment problems of member countries
9. Mumbai
10. Application supported by Blocked Amount
11. Six years
12. Bill
13. either A or B
14. FIU-IND, New Delhi
15. Basle, Switzerland


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