Banking Awareness Quiz | 07 - 08 - 17

Q.1. Which of the following survey is presented every year, just before the Union Budget? 

(1) Development Survey 

(2) Finance Survey 

(3) Economic Survey 

(4) Financial Development Survey 

(5) None of these 

Q.2. Who is the sole reinsurer of India? 

(1) IRDA 

(2) FIC 

(3) GIC Re 

(4) LIC 

(5) None of these 

Q.3. Which term is used for process of buying and selling of products or services over electronic systems such as the internet and other computer networks? 

(1) EFT 

(2) E-Banking 

(3) E-Commerce 

(4) E-Purchase 

(5) None of these 

Q.4. The Reserve Bank of India takes which of the following measures when it intends to ease the liquidity crunch in the country? 

(A) It prints and supplies additional currency notes in the market. 

(B) It takes steps to increase the flow of Foreign Direct Investment. 

(C) It reduces Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio(CRR). 

(1) Only A 

(2) Only B 

(3) Only C 

(4) Only A and B 

(5) All A, B and C 

Q.5. Consider the following with respect to the description of the Capital Market: 

(A) Stock Markets and Bond Markets 

(B) Banks and Insurance Companies 

(C) RBI and Nationalized Banks 

Capital Market comprises which of the above? 

(1) Only A 

(2) Only B 

(3) Only C 

(4) Only A and B 

(5) None of these 

Q.6. IBSA is an international tripartite grouping for promoting international cooperation among the member countries. 

Consider the following countries with respect to this organization: 

(A) India 

(B) Angola 

(C) South Africa 

(D) Brazil 

Which of the following countries is Not a member of IBSA? 

(1) Only A 

(2) Only C 

(3) Only B 

(4) A, B and C 

(5) None of these 

Q.7. Which act provided the legal framework for regulation of the banking system by the Reserve Bank of India (RBI)? 

(1) Company act 1956 

(2) Banking Regulation Act 1956 

(3) Societies registration act 1960 

(4) Banking Regulation Act 1949 

(5) None of these 

Q.8. Which of the following practices by a bank will be termed as cross-selling?

(1) Selling a housing loan to a deposit customer 

(2) Selling a deposit product to a personal-loan customer 

(3) Selling a credit card to a debit card holder 

(4) 1 and 3 

(5) All of the above 

Q.9. What is the currency of South Africa? 

(1) Euro 

(2) Rand 

(3) Dollar 

(4) Tala 

(5) None of these 

Q.10. Who is the author of the book ‘Desert Village’? 

(1) Oliver Goldsmith 

(2) Ronal Segal 

(3) Leo Tolstoy 

(4) E. M. Foster 

(5) None of these

Answers: 

Q.1.(3) 

Q.2.(3) 

Q.3.(3) 

Q.4.(3) 

Q.5.(1) 

Q.6.(3) 

Q.7.(4) 

Q.8.(5 ) 

Q.9.(2) 

Q.10.(1)