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September 30, 2016

Banking Awareness Quiz - Set 96

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  1. RIDF (Rural Infrastructure Development Fund) is managed and operated by:
    1. Reserve Bank of India
    2. Finance Ministry
    3. Commercial banks
    4. National Bank for Agriculture and Rural Development
    5. None of the above 
  2. Scientific cultivation of fruit, vegetables, flowers and shrubs is called as:
    1. Agriculture
    2. Horticulture
    3. Sylviculture
    4. Sericulture
    5. Vermiculture 
  3. The Head Office of National Housing Bank (NHB) is at :
    1. New Delhi
    2. Mumbai
    3. Bangalore
    4. Hyderabad
    5. Nagpur 
  4. Which of the following statement is not correct ?
    1. Nomination can be made by illiterate depositor
    2. Nomination can be made in joint Accounts also
    3. One person should be nominated
    4. Nominee need not be an individual; nominee can be an institution also
    5. None of the above 
  5. Who is the Chairman cum Managing Director of New India Assurance Co. Ltd ?
    1. G Srinivasan
    2. A.R. Sekar
    3. K. Sanath Kumar
    4. Sadasiv Mishra
    5. S. Sethuramanan
  6. A Bills of Exchange in vernacular language is called as :
    1. Hundi
    2. Vachanpatra
    3. Banker Cheque
    4. All the above
    5. None of the above 
  7. "Crossing" applies to :
    1. Cheques
    2. Bills of exchange
    3. Promissory Notes
    4. Hundis
    5. None of the above 
  8. When a person makes an endorsement as "Pay to Mr. X only", it is an example of :
    1. Conditional Endorsement
    2. Facultative endorsement
    3. Restrictive Endorsement
    4. Special crossing
    5. None of the above 
  9. When a cheque is returned / dishonoured for insufficient funds, it is treated as :
    1. Civil Offence
    2. Criminal Offence(sec.138-142)
    3. Semi Criminal Offence
    4. Insubordination
    5. None of these 
  10. As per the revised guidelines of RBI, Medium Enterprises is now forms part of :
    1. Export Advance
    2. Priority Sector Advance
    3. Agriculture Advance
    4. Consumer Loan Portfolio
    5. None of the above 
  11. Categories under priority sector are ______________
    1. Agriculture; MSME; Export Credit
    2. Education; Housing
    3. Social Infrastructure
    4. Renewable Energy
    5. All of the above 
  12. Scheduled Commercial Banks having any shortfall in lending to Priority Sector shall be allocated amount for contribution to :
    1. Social Infrastructure Development Fund
    2. Rural India Development Fund
    3. Rural Infrastructure Development Fund
    4. Regional Infrastructure Development Fund
    1. None of the above 
  13. Grey Revolution refers to :
    1. Reduction in wastages of food grains, fruits and vegetables
    2. Non conventional energy re-sources
    3. Manures and fertilizers
    4. Production of leafy vegetables
    5. None of the above 
  14. The Government has a system of assessing crop loss on account of natural calamity. It is called as :
    1. Ryotwari system
    2. Mahalwari System
    3. Annewari system
    4. Zamindhari system
    5. None of the above 
  15. Description of the Priority Sectors was formalized for the first time in India in the year:
    1. 1969
    2. 1972
    3. 1980
    4. 2014
    5. 1994 
  16. An urban Bank branch is one which is located in a place with a population of ________ and above.
    1. 50,000
    2. 1 lakh
    3. 5 lakh
    4. 10 lakh
    5. 15 lakh 
  17. Which of the following document/s can be accepted by banks as a proof of Customer Identification ?
    1. Electricity Bill
    2. Salary Slip
    3. Income/ Wealth tax assessment order
    4. Election Identity card
    5. None of the above 
  18. Which of the following is the re-commendation of the IBA committee on Money laundering ?
    1. Appointment of MLRO (Money Laundering Reporting Officers)
    2. Appointment of outside agency to monitor the suspicious transactions of the bank
    3. Appointment of law officer to monitor the suspicious accounts
    4. Appointing a High Court Retired Judge as In-charge of Money Laundering in each State
    5. None of the above 
  19. KYC guidelines have been issued by RBI under the provisions of ________
    1. Section 35 of Banking Regulation Act
    2. Section 35(A) of RBI act
    3. Section 35(A) of Banking Regulation act
    4. Section 35(A) prevention of Money Laundering Act
    5. Section 35(A) of Foreign Exchange Management Act
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