Banking Awareness Quiz

1.  When it comes to money market instruments, which among the following is not true?

a) Treasury bills

b) Term money

c) Certificate of deposits 

d) Corporate securities 

e) Commercial paper

2.  Which among the following is not under the control of central banking authority?

a)  Monetary control

b) Management of government debts 

c) Lender of last resort to banks 

d) Banker to government

e) Equity market and debt market supervision and control

3.  The capital markets regulatory authority has supervision over:

a) Stock exchanges

b) Foreign institutional investors

c) Equity and debt raisers

d) Mutual funds 

e) All the above

4. Cash reserve ratio is the __________deposit to be held by banks with Reserve Bank of India

a) Voluntary

b) Mandatory

c) Optional

d) As decided by the chairman and managing director 

e) None of the above

5. Urban cooperative banks are controlled by______________and _________________

a) State government-RBI

b) NABARD – RBI

c) SEBI – RBI

d) Central government – NABARD

e) NABARD – state governments

6. Leasing, hire purchase and bill discounting are the domain of_______________

a) Non banking companies

b) Mutual funds

c) Commercial banks

d) Development banks

e) None of the above

7. New and re-issuable currency notes are stored in _____________maintained by the banks as agents of Reserve Bank of India

a) Currency chests

b) Treasuries

c) Branches

d) Service units

e) Godowns

8. To control inflationary situation in the economy, RBI can increase one or more of these monetary tools:

a) CRR-SLR-BANK Rate

b) SLR-CRR-BASE Rate

c) CRR-SLR-REPO Rate

d) CRR-SLR-REVERSE REPO Rate

e) CRR-SLR-BENCHMARKING PLR

9. When it comes to retail deposit products, which among the following is irrelevant?

a) Recurring deposit accounts

b) Term deposit accounts

c) No frills accounts for common man

d) Depository services

e) Senior citizen deposit accounts

10. Safe deposit locker – a product offered in the Indian retail banking segment under:

a) Retail loan products

b) Retail deposit products

c) Retail services

d) Retail facilities

e) Retail comforts

Answers:

1-D

2-E

3-E

4-B

5-B

6-A

7-A

8-A

9-D 

10-C