Banking Awareness Quiz | 04 - 08 - 17

Q.1. When is the Central Excise Day celebrated? 

(1) March 22 

(2) February 28 

(3) February 24 

(4) March 23 

(5) None of these 

Q.2. Who has authored the book “Innocent in Death”? 

(1) J.D. Robb 

(2) Khushwant Singh 

(3) Chetan Bhagat 

(4) Yann Martel 

(5) None of these 

Q.3. Expand FSDC. 

(1) Financial System and Development Committee 

(2) Financial Statistics and Development Cell 

(3) Financial Stability and Development Council 

(4) Financial System and Development Council 

(5) None of these 

Q.4. Which of the following tools is used by RBI when it feels there is too much money floating in the banking system? 

(1) Reverse Repo rate 

(2) Repo rate 

(3) CRR 

(4) Base Rate 

(5) None of these 

Q.5. In which year Right to information Act was passed by Parliament? 

(1) 1995 

(2) 2000 

(3) 2001 

(4) 2005 

(5) None of these 

Q.6. Which of the following organizations finances and regulates rural financing? 

(1) NABARD 

(2) RBI 

(3) SIDBI 

(4) Regional Rural Banks 

(5) None of these 

Q.7. What is Par Value? 

(1) The interest that is paid by banks on the fixed deposits. 

(2) The discount value of a security. 

(3) The face value of a security. 

(4) The value of the first sale of stock by a private company to the public. 

(5) None of these 

Q.8. Banks cannot accept interest free deposits other than in ________. 

(1) savings account 

(2) reccuring account 

(3) current account 

(4) demat account 

(5) None of these 

Q.9. Which of the following can act as a Issuing and Paying Agent (IPA) of a Commercial Paper (CP)? 

(A) Scheduled banks 

(B) RBI 

(C) Finance Secretary, Government of India 

(1) Only A 

(2) B and C 

(3) Only B 

(4) Only C 

(5) None of these

Q.10. Rory McIlroy is related with which game? 

(1) Football 

(2) Cricket 

(3) Golf 

(4) Badminton 

(5) None of these

Answers : 

Q.1.(3) 

Q.2.(1) 

Q.3.(3) 

Q.4.(1) 

Q.5.(4) 

Q.6.(1) 

Q.7.(3) 

Q.8.(3) 

Q.9.(1) 

Q.10.(3)