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Banking Awareness Quiz

Published on Saturday, October 08, 2016

Ques 1.
Certificates of Deposit may be issued by :
(a) Select all-India Financial Institutions  that have been permitted by RBI to raise short-term resource
(b) Local Area Banks (LABs)
(c)  Scheduled commercial banks excluding Regional Rural Banks
(d) All of the above

Ques 2.
The material difference between debentures and bonds is :
(a) Debentures are governed by relevant provisons of company law
(b) Debentures are transferrable on registration
(c) Bonds are negotable instrument governed by law of Contract
(d) All of the above

Ques 3.
"Bridge Loan" Denotes :
(a) interim finance by a bank pending disbursement of term loan by financial institutions
(b) Loan granted to Public Works Department for construction of bridge over big rivers
(c) a product aimed at financing construction companies for construction of bridge
(d) Loan granted for building of bridges which has been World Bank

Ques 4.
Expand BIFR:
(a) Board for Industrial and Financial Reconstruction
(b) Bureau for Industrial and Financial Reconstruction
(c) Board for Investment and Financial Reconstruction
(d) Bureau for Investment and Financial Reconstruction

Ques 5.
IF neither the word "Bearer " nor "Order" is written on a cheque, payment will be made by  treating it as :
(a) a Bearer cheque
(b) an Order cheque
(c) at bank's discretion
(c) Cannot be paid at all 

Ques 6.
In case of Life Insurance policies for whole -life, the insured amount is payable :
(a) after a specified period
(b) on the death of the policy-holder
(c) on demand by the policy- holder
(d) Upon maturity of the policy or death of the policy-holder whichever happens earlier

Ques 7.
SEBI guidelines have prescribed that giving Permanent Account Number ( PAN) is  must for :
(a) All current A/c
(b) All Housing Loan A/c
(c) All saving Bank A/c
(d)  All Demat A/c

Ques 8.
While taking book debts as a security against banker's advances, an  appropriate from of charge is :
(a) Mortgage
(b)  Pledge
(c) hypothecation
(d) assignment

Ques 9.
An account should be treated as ' out of Order' it :
(a) the outstanding balance remains continuously in excess of the sanctioned limit/drawing power
(b) there are no credits continuously for 90 days as on the date of Balance sheet even though the outstanding balance in the account is less than the sanctioned limit/drawing pwer
(c) Credit are not enough to cover the interest debited during the same period
(d) All of the above

Ques 10.
As per the dircetives  issued by RBI, a cash credit or overdraft account will be treated as Non-performing Asset if :
(a) the account remains 'out of order'
(b) there are  no credits in the account in the month in which interest is applied 
(c) the debit balance in the account has exceeded the sanctioned limit during the reporting month 
(d) any of the above

Ques 11.
Which of the following is correct regarding Capital Adequacy ratio :
(a) The objective of Capital adequacy is to strengthen the financial stability of banks
(b) Capital is divided into two tiers, tier-I and tier-II
(c) assets are assigned risk weight from 0-100 based on intensity of risk 
(d) All of the above

Ques 12.
Rural Infrastructure Development fund ( RIDF) is financed by :
(a) selected group of public Sector Banks
(b)  Ministry of Rural Development 
(c) Reserve Bank of India

Ques 13.
"Ways and Means" advnaces are provided by Reserve Bank of India only to :
(a) Central Government
(b)  State Government
(c) Both A and B
(d) None of these

Ques 14.
The bank conducts Government business as an agent of :
(a) Union and state Government
(b) Reserve Bank of India
(c) State Bank of India
(d)  Both A and B

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