Banking Awareness Quiz

1. Whenever RBI does some open market operation transactions, actually it wishes to regulate which of the following?

a) Inflation only

b) Liquidity in economy

c) Borrowing powers of the banks

d) Flow of foreign direct investments

e) None of the above

2. Which of the following committee has given its recommendations on “Financial inclusions”?

a) Rakesh Mohan committee 

b) Rangarajan committee 

c) Sinha committee

d) Kelkar committee 

e) None of these

3. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purposes?

a) Kisan credit card 

b) Personal loan 

c) Business loan 

d) ATM card

e) None of these

4.  Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign country?

a) Personal loan 

b) Corporate loan 

c) Housing loan 

d) Educational loan 

e) Mortgage loan

5. The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as:

a) Cash crunch 

b) Liquidity 

c) Credit

d) Marketability 

e) None of these

6.  The Reserve Bank of India keeps on modifiying various rates/ratios to keep the flow of liquidity in the market in a balanced situation and which of the following rates/ratios/indexes is not directly controlled by the RBI?

a) Cash reserve ratio 

b) Bank rate

c) Repo rate

d) Reverse repo rate

e) Wholesale price index

7.  Many banks have adopted/launched “Core Banking Solutions” and core banking solutions means

a) A marketing strategy adopted by the banks; 

b) A new type of automated teller machines useful for rural population; 

c) A delivery channel for quick and fast delivery;

d) A new product launched to help senior citizens only as they are not able to visit the branches/ATMs frequently; 

e) None of these

8. Find the odd one out from the following groups?

a) ICICI Bank, Canara Bank, Central Bank of India, Punjab National Bank, Indian Bank

b) Canara Bank, State Bank of India, Lakshmi Vilas Bank, Karur Vysya Bank, United Bank of India

c) Bank of India, Corporation Bank, Indian Bank, IDBI Bank, Axis bank

d) Bank of Maharashtra, Barclays bank, Oriental Bank of Commerce, Indian Bank, IDBI bank

e) Union Bank of India, Bank of India, Andhra Bank, Dena Bank, Indian Bank

9.  Fourteen banks were nationalized in the country during the first stage on:

a) 19.07.1970 

b) 19.07.1969 

c) 19.07.1971 

d) 18.07.1969 

e) 15.07.1969

10.  The sponsorship between State government, central government and sponsor bank is in the ratio of _________ in respect of Regional Rural Banks in the country:

a) 15-50-35 

b) 50-35-15 

c) 35-15-50 

d) 35-50-15 

e) 15-35-50

Answers:

1-B

2-B

3-A

4-D

5-B

6-E

7-C

8-D

9-B

10-A