Banking Awareness Quiz Set - 23

image 2018-01-12 15:47:56
Banking Awareness Quiz Set - 23

Q1. Which of the following schemes/products launched by the banks to provide instant loan facility to the farmers?
a) Kisan Credit Card
b) Krishi Bima Yojana
c) Crop Loan Scheme
d) Corporate Loan Scheme
e) None of these

Q2. Insurance service provided by various banks is commonly known as ________.
a) Investment Banking
b) Risk Management
c) Merchant Banking
d) Bancassurance
e) Micro Finance

Q3. The National Commodity and Derivatives Exchange Limited (NCDEX) is located in which of the following cities?
a) Mumbai
b) Kolkata
c) Hyderabad
d) Jaipur
e) New Delhi

Q4. Many times we read in financial newspapers about the performance of the “core sectors” in Economy. Which of the following is NOT included in the core sector of the same?
a) Coal
b) Auto sector
c) Steel
d) Cement
e) Oil and Petroleum sector

Q5. “Micro Credit” means _______ .
A. Loans of small amounts to people in unorganized sector
B. Loans to Self Help Groups
C. Loans amounting Rs 50 lakhs to Rs 5 crores to Medium and Small Industrial Units
a) Only A
b) Only B
c) Only A and B
d) All A, B and C
e) None of these

Q6. As we all know in India currency market is regulated by the Reserve Bank of India (RBI), while “currency futures” are jointly regulated by the RBI and which of the following other banks?
b) SlDBI
d) State Bank of India
e) ICICI Bank

Q7. As per the news published in various newspapers, the RBI has given its permission for cash withdrawal at “POS terminals”. What is the full form of “POS”?
a) Permitted on Sale
b) Potential of Service
c) Point of Sale
d) Permission of Sale
e) None of these

Q8. Which of the following is NOT a banking related term?
a) SME Finance
b) Overdraft
c) Drawing power
d) Sanctioning Authority
e) Equinox

Q9. Bad loans in banking terminology are generally known as _________.
a) Prime Loans
b) Prime Asset
c) BPOs
d) CBS
e) NPAs

Q10. Many times we read in newspapers/magazines about the increase or decrease in tax collection. Which of the following taxes is not included in the tax collection levied by the Union Government?
a) Property Tax
b) Education Cess
c) Corporate Tax
d) Income Tax
e) Fringe Benefit Tax


Q1. a, Q2. d, Q3. a, Q4. b, Q5. c
Q6. a, Q7. c, Q8. e, Q9. e, Q10. b