Banking Awareness Quiz - Set 135

sponsored links

1. What does WPI stands for ?
1. Wholesale Price Index
2. Wholesale Price India
3. Wholesale Price Indicator
4. Wholesale Price Industry
5. World Price Indicator 
2. In banking parlance CDR stands for :
1. Central Depository Receipt
2. Corporate Debt Restructuring
3. Company Debt Restructuring
4. Commercial Debt Restructuring
   
5. None of the above
3. Ajay Vipin Nanavati is the Chairman of :
1. Andhra Bank
2. Bank of Baroda
3. Syndicate Bank
4. Dena Bank
5. HDFC Bank
4. Which Bank has tied up with Samsung to enable its credit card holders use the tap and pay option at merchant outlets ?
1. ICICI Bank
2. YES Bank
3. South Indian Bank
4. State Bank of India
5. Axis Bank
5. Banks obtain photograph at the time of opening of the account with a view to :
1. Avoid benami accounts
2. Verify the identity of the customer
3. Verify with police records
4. 1 and 2
5. 1, 2 and 3
6. Which Organization has framed codes which are aimed at protec-ting microfinance borrowers fro-m over indebtedness and safeg-uard their interests?
1. MFIN
2. FINO
3. BCSBI
4. NABARD
5. None of the above
7. In respect of risk management in Banks what does the term CRAR stands for ?
1. Capital to Risk Weighted Asset Ratio
2. Corporate Risk Weighted Assets Ratio
3. Competent Risk Weights Assessment Rating
4. Compulsory Risk Weights Assessment Ratio
5. None of the above
8. Banks are required to submit CTR (Cash Transaction Report) to _____________ within _____________  of succeeding month.
1. FIU, 30 days
2. FIU, 15 days
3. FIU, 7 days
4. RBI, 7 days
5. RBI, 15 days
9. Which of the following statements are incorrect regarding National Payments Corporation of India (NPCI) ?
1. It is an umbrella organization for all retail payments system in India
2. It was incorporated in December 2008
3. The Certificate of Commencement of Business was issued in April 2009
4. The aim of NPCI is to operate for the benefit of all the member banks and their customers.
5. None of the above
10. A customer is entitled to issuance of a duplicate DD in place of the lost one, provided :
1. He gives due intimation to the issuing branch
2. Payment of DD not already made by the drawee branch
3. Execution of an indemnity signed by both the payee and the purchaser of the DD
4. Payment of a fee as applicable for issue of such duplicate DD
5. All the above
11. A (An) _____________   is a temporary pass through account held by a third party during the process of a transaction between two parties.
1. Company Account
2. Current Account
3. Escrow Account
4. Deposit Account
5. Nostro Account
12. Term loans mean Loans :
1. Repayable beyond one year
2. Repayments are done in installments
3. Term loans are utilized for acquisition of fixed assets
4. Only a & b are correct
5. 1, 2 and 3
13. What does FII stands for ?
1. Foreign Institutional Investor
2. France Institutional Investor
3. Forestry Innovation Investment
4. Foreign Indirect Investment
5. Forex Institutional Investor
14. DICGC stands for Deposit Insurance Corporation of India. What is the Premium payable on deposit for every Rs. 100 per annum ?
1. 10 paise
2. 5 paise
3. 25 paise
4. 50 paise
5. None of the above
15. A portion of the Net Demand & Time Liabilities (NDTL) to be maintained in the form of Cash Gold or Approved Securities with the concerned bank is known as :
1. SLR
2. CRR
3. Term Deposit Rate
4. Call Money
5. Repo
16. Who is not eligible to convert general crossing to special crossing ?
1. Holder
2. Drawer
3. Payee
4. 1 & 2
5. None of the above
17. 'WON' is the currency of :
1. Indonesia
2. Tunisian
3. North Korea
4. South Africa
5. Israel
18. _____________ data can be used to evaluate the performance of the country in international economic competition which includes payments for the country's exports and imports of goods, services, financial capital, and financial transfers.
1. Import Export Balance
2. Balance of Payment
3. Balance of Trade
4. Balance sheet payments
5. None of the above
19. Which the following offers the highest return on investments ?
1. ELSS - Equity Linked Saving Scheme
2. ULIP - Unit Linked Insurance Plan
3. LIC-Life Insurance Corporation
4. PPF - Public Provident Fund
5. NPS - National Pension Scheme
20. A right to keep possession of documents/goods belonging to another person until a debt owed by that person is discharged is called as :
1. Lien
2. Mortgage
3. Pledge
4. Bailee
5. Hypothecation

Read More Banking Awareness Expected Questions from HERE

sponsored links