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Banking Awareness Quiz for RBI Grade B : Part - 3

Published on Saturday, August 27, 2016
banking awareness quiz
1. Bank branches has which can undertake foreign exchange business directly are known as ________ in foreign exchange.
1. Authorized dealers
2. Foreign dealers
3. Overseas branches
4. Approves dealers
5. Exchange branches

2. Insurance cover for bank deposits in our country is provided by ______
1. SBI
2. Government of India
3. GIG
4. LIC

3. ' Dinar' is the currency of which of the following countries?
1. Pakistan
2. Iran
3. Ghana
4. South Sudan
5. Libya

4. Loans of very small amounts given to low income groups is called ________
1. Cash credit
2. Micro credit
3. Simple overdraft
4. No frills loans
5. Rural credit

5. When the banker talks about CDR, what is he talking about?
1. Corporate Debt Restructuring
2. Corporate Debt Roll over
3. Company Debt Roll over
4. Corporate Deposit Restructuring
5. Company Deposit Restructuring

6. Expand the term ALM as used in Banking/ Finance sector.
1. Asset Liability Management
2. Asset Liability Maturity
3. Asset Liability Mismatch
4. Asset Liability Manpower
5. Asset Liability Maintenance

7. Cash Reserve Ratio (CRR) and statutory Liquidity Ratio (SLR)  are terms most closely related to which of the following industries/ markets?
1. Capital market
2. Banking industry
3. Commodities market
4. Money market
5. Mutual fund industry

8. What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
1. 3 Years
2. 5 Years
3. 7 Years
4. 10 Years
5. 12 Years

9. If you wish to purchase some U.S Dollars for your travel abroad, you should approach_______.
1. The Ministry of Finance
2. The U.S Embassy
3. Any Bank Branch authorized to' do such activity
4. The Reserve Bank of India only
5. External Affairs Ministry

10. The Banking Ombudsman ______
1. Is in charge of bank loans for buses
2. Fixes the rate of interest for loans
3. Resolves complaints of customers
4. Issues licences for new bank branches
5. Is the head of all nationalised banks

11. Which of the following is not classified as a Commercial Bank?
1. Public sector bank
2. Foreign bank
3. Private sector bank
4. Regional rural bank
5. Urban cooperative bank

12. Which of the following is not the name of a Banking Organizations?
3. YES

13. Money laundering means ______
1. Hiding of income source mainly to avoid Income Tax
2. Money acquired through criminal source
3. Money acquired from undisclosed sources and deposited in foreign banks
4. Process of conversion of money obtained illegally to appear to have originated from legitimate sources
5. Money acquired from drug trafficking

14. Monetary policy as an arm of the economic policy is administered by _____
1. Government of India
2. Reserve Bank of India
3. State Bank of India
4. Governments of the respective states
5. None of these

15. Which of the following is not a primary function of a Bank?
1. Grating loans
2. Collecting cheques / Drafts of customers
3. Facilitating import of goods
4. Issuing Bank Drafts
5. Selling Gold / Silver coins

16. Which of the following represent correct meaning of REPORATE?
1. Rate on which RBI sells Government Securities to Banks
2. Rate for borrowing rupees by banks from RBI
3. Rate offered by Banks to their prime customers
4. Rate applicable for grant of priority sector loans
5. None of these

17. Reserves which can act as a liquidity buffer for commercial banks during crisis time are 
1. CAR
2. CRR
3. CAR and CRR
4. CRR and SLR
5. SLR

18. Savings bank accounts are opened by _______
1. Trading, antities, manufacturing entities and individuals for saving purposes
2. Traders and manufacturers for business purposes
3. Individual for saving purpose
4. Limited companies and partnership for savings purposes
5. Cooperative banks for saving

19. Union Budget is always presented in the month of
1. January
2. March
3. April
4. December
5. February

20. A customer drawing a cheque on a bank has a right to
1. Take back the cheque from the bank after it is paid
2. Take back the cheque from the bank after
3. Stop payment of hte cheque before it is paid
4. Stop payment of hte cheque after it is paid
5. Stop paymeny of the cheque before it is issued
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