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December 01, 2016

Banking Awareness Quiz - Set 109

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  1. With respect to Mudra Bank, which of the following is correct  ?
    1. Provides finance to micro units
    2. It is a statutory company
    3. Maximum finance per unit is Rs. 2,00,000
    4. Entire capital is held by SIDBI
    5. All of the above
  2. With respect to small finance banks and payment banks which of the following is incorrect?
    1. These are called differential banks
    2. Formation of these banks were recommended by Mor committee
    3. These are formed for increasing financial inclusion
    4. These banks cannot be formed by NBFCs
    5. None of the above 
  3. The minimum capital required to form a small finance bank or payment bank is Rs. __________ crore.
    1. 500
    2. 50
    3. 100
    4. 300
    5. None of the above
  4. A cheque bears a notation "valid for 15 days". This cheque can not be paid after __________  of its date:
    1. 15 days
    2. Six months
    3. Three years
    4. Such a cheque is invalid & cannot be honoured
    5. None of the above 
  5. The type of banking in which ban-ks provide all types of banking services which include both low risk and high risk products is called:
    1. Narrow banking
    2. Universal banking
    3. Investment banking
    4. Islamic banking
    5. None of the above 
  6. Bill of Exchange written in vernacular language are locally called :
    1. Acceptance letter
    2. Hundis
    3. Demand Bill
    4. Usance Bill
    5. Allonge
  7. With respect to regional rural banks which of the following statement is correct?
    1. There are 86 RRBs in the country
    2. Capital held by GoI, State Govt. and sponsor bank is in the ratio 50 : 15 : 35
    3. Priority sector credit should be minimum 40%
    4. Managed by Central Govt. as its capital contribution is high
    5. None of the above 
  8. As per N.I. Act, the maximum number of endorsements is restricted to:
    1. Ten
    2. Six
    3. Two 14
    4. Five
    5. No such restriction 
  9. Which of the following is incorrect match ?
    1. NABARD - CAFRICARD
    2. RRB - Narasimham
    3. Payment bank - Nachiket Mor
    4. NHB - Rakesh Mohan
    5. None of the above 
  10. What is the maximum Foreign Direct Investment allowed in case of a private sector bank?
    1. 51%
    2. 49%
    3. 24%
    4. 74%
    5. None of the above 
  11. What is the floor limit for the Govt. share holding of a public sector bank ?
    1. 51%
    2. 24%
    3. 49%
    4. 75%
    5. None of the above 
  12. The minimum capital is Rs. 100 crore for which of the following?
    1. Small payment bank
    2. Small Finance bank
    3. To get licence for White Label ATM
    4. Local area bank
    5. 1, 2 and 3
  13. The minimum capital required to start a new private sector bank is Rs. ___________ crores.
    1. 100
    2. 300
    3. 200
    4. 400
    5. 500
  14. The City group belongs to which of the following countries ?
    1. UK
    2. USA
    3. Hongkong
    4. Germany
    5. None of the above 
  15. The HSBC bank has its global head quarters in:
    1. Hongkong
    2. Shanghai
    3. London
    4. New York
    5. None of the above
  16. Which bank is the largest private sector bank in India in form of asset size ?
    1. ICICI Bank
    2. HDFC Bank
    3. Axis Bank
    4. IDBI Bank
    5. None of the above 
  17. The banker customer relationship in case of cash credit account with credit balance is that of :
    1. Creditor - Debtor
    2. Principal - Agent
    3. Beneficiary - Trustee
    4. Debtor - Creditor
    5. None of the above
  18. A Garnishee Order does not extend to which of the following type of deposits ?
    1. Term Deposits maturing after two years
    2. Credit balance in cash credit account
    3. Current Deposit Account
    4. Recurring Deposit Account
    5. None of the above 
  19. An income tax attachment order does not attach :
    1. Time deposits
    2. Demand deposits
    3. Any money held by the bank other than as deposit
    4. Proportionate amount in the joint account
    5. None of the above
  20. Public Trusts are registered with :
    1. Registrar of companies
    2. Registrar of societies
    3. Registrar of Firms
    4. Charity Commissioner
    5. None of the above

Shared by Smitha Nanduri
 
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