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Banking Awareness Quiz

1. DAX is the stock exchange of _______?
(a) Germany
(b) Japan
(c) USA
(d) Maxico
(e) None of the Above

2. Increase in deposit rate results in ________?
(a) Lower savings
(b) Lower investments
(c) Increase in bank branches
(d) Increase in savings
(e) None of the Above

3. Rise in inflation rate leads to decline in ______?
(a) Interest rate
(b) Raise in the deposits in the banks
(c) Decrease the real interest rate
(d) Raise the credit growth by banks
(e) None of the above

4. Difference between interest earned and interest paid is called______?
(a) Gross Interest Income
(b) Paid Interest Income
(c) Free Interest Income
(d) Net Interest Income
(e) All of the above

5. The banks are issuing the Kisan credit cards these days to give the free credit period. Generally what is the Validity period of the Kisan Credit Card?
(a) 1 year
(b) 10 years
(c) 5 years
(d) 8 years
(e) 3 years

6. Asset-Liability mismatch usually happened in________?
(a) Home Loan and Infrastructure Project Financing
(b) Education loan and personal loan
(c) Personal loan and marriage loan
(d) Travel loan and marriage loan
(e) None of the above

7. The chief function of Reserve Bank of India includes_______?
(a) Minting Currency
(b) framing the monetary and credit policy
(c) With the help of Circulation of money, maintaining price stability
(d) Foreign Exchange matters
(e) All of the above

8. The different names of Reserve Bank of India are_______?
(a) Central bank
(b) Banker’s bank
(c) Lender of the last resort
(d) Apex bank
(e) All of the above

9. The government of India has the mint at _______?
(a) Noida
(b) Kolkata
(c) Mumbai
(d) Hyderabad
(e) All of the above

10. Indian paper currency is minted in Mysore and also in________?
(a) Kolkata
(b) Chennai
(c) Bengaluru
(d) Nasik
(e) Delhi

Answers:

1. A
2. D
3. C
4. D
5. E
6. A
7. E
8. E
9. E
10. D