Quiz on Banking Awareness - Set 38

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1. POS is the acronym used in banking. It means ? 
1. Point of Sales Terminal
2. Personal Omission Script
3. Pending Off Sales
4. Pointed Open Sales
5. Post Office Sales
2. NIM Stands for?
1. Net Interest Minimum
2. Not Interest Margin
3. Net Internal Margin
4. Net Interest Margin
5. Net Interest Module
3. Ways and Means is the load of Advances provided by the RBI to ?
1. Central Government
2. Banks
3. State Government
4. NABARD
5. None
4. Which bank opened Customer Service Point (CSP) to extend financial inclusion targeting urban poor ?
1. Union Bank of India
   
2. ICICI
3. SBI
4. Syndicate Bank
5. Yes Bank
5. "Maa Thota" scheme in Andhra Pradesh sponsored by ___________ to improve the lot of tribal families ?
1. Andhra Bank
2. Union Bank of India
3. NABARD
4. NGB
5. RBI
6. Which Bank in India opened India's first offshore banking Unit ?
1. SBH
2. ICICI
3. SBI
4. Axis
5. Bank of Baroda
7. ___________ promoted Securities Trading Corporation of India Limited (STCI) jointly with the Public sector banks ?
1. RBI
2. SBI
3. UTI
4. LIC
5. SEBI
8. Ballon Loan means ?
1. a loan offered at highest rate of interest for consumer loans
2. a loan which does not fully amortize over its term
3. loan offered to joint borrowers only
4. loan offered to the Large scale industries 
5. None of these
9. India's First Dedicated Education Loan Company CREDILA is the associate body of ?
1. SBI
2. Andhra Bank
3. United Bank of India
4. HDFC
5. SBH
10. CER was established to prevent frauds in loan cases involving multiple leading from different banks on the same immovable property. CER means ?
1. Central Electronic Recognition
2. Central Ethics Registry
3. Central Electronic Registry
4. Central Election Registry
5. Central Entry Registry
11. Soft loan characteristic feature is ?
1. Short period and more rate of interest
2. Long period and more rate of interest
3. Long period, More rate of interest with grace period
4. Long period, Less rate of interest with grace periods
5. Long period, more rate of interest with no grace periods
12. "Loan Servicing" means ?
1. Lending the money
2. A mortgage bank or sub-servicing firm collects the timely payments of interest an principal from borrowers
3. Helping the customer to get loan in other banks by providing the details of the running account
4. Giving a loan if the customer has any deposit
5. Giving second loan after payment of first loan regularly
13. Who headed the study group constituted by Indian Banks Association to give the recommendations on Education Loans ?
1. Rangarajan
2. Kelkar
3. R. J. Kamath
4. Subrahmanyam
5. None of these
14. When any asset ceases to generate income for the bank, It is called ?
1. Official Asset
2. Non-good Asset
3. Non-Performing Asset
4. Non-Commitment Asset
5. None of these
15. In a news paper it is read that "Higher Provisioning erodes public sector banks' profit". Here "Provisioning" relates to ?
1. Daily Expenses
2. Cost to erect ATMs
3. Conducting exams to recruit new personal 
4. Bad Loans
5. Establish new branches
16. The SSI said there must not be two regulators on home loans. One regulator is Reserve Bank of India and another one is ?
1. HDFC
2. SBI
3. SEBI
4. HUDCO
5. NHB
17. Loan given for undertaking repairs, renovations and / or up gradation is called ?
1. Home Damage Loan
2. Home Improvement Loan
3. Home Custody Loan
4. Home Consumption Loan
5. All of above
18. Who introduced the concept of Microfinance in Bangladesh in the form of the "Grameen Bank". He is the Nobel laureate known by many as the "Father of Microfinance Systems" ?
1. C. D. Deshmukh
2. Amartya Sen
3. Muhammad Yunus
4. Sheik Haseena
5. Muzibaer Rahman
19. The usual deposit accounts of banks are ?
1. Current accounts, electricity accounts and insurance premium accounts 
2. Current accounts, post office savings, bank accounts and term deposit accounts
3. Loan accounts, savings bank accounts and term deposit accounts
4. Current accounts, savings bank accounts and term deposit accounts
5. Current bill accounts and term deposit accounts 
20. Loan to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed ?
1. Ponzi Schemes
2. Micro Finance System
3. Money Laundering Schemes
4. Money Tampering Finance
5. Supervision Finance

 Read more Banking Awareness Model Practice Sets from below

• Set 1
• Set 2
• Set 3
• Set 4
• Set 5
• Set 6
• Set 7 
• Set 8
• Set 9 
• Set 10
• Set 11
• Set 12
• Set 13 
• Set 14 
• Set 15 
• Set 16 
• Set 17
• Set 18 
• Set 19
• Set 20
• Set 21
• Set 22
• Set 23 
• Set 24 
• Set 25 
• Set 26 
• Set 27 
• Set 28 
• Set 29 
• Set 30 
• Set 31 
• Set 32 
• Set 33 
• Set 34 
• Set 35 
• Set 36 
• Set 37

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