Banking Quiz

1. RBI revised premature deposit rules of which type of accounts?

a)Kiddy accounts

b)Current accounts

c)Large value fixed deposit accounts

d)Dollar savings accounts

e)Big size savings accounts

Ans: (c)

2. FPO means?

1)Follow on Public Offer

2)First Public Offer

3)Follow on Private Offer

4)Firm on Public Offer

5)Follow on Public Operations

Ans: (a)

3. The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 percent to?

a)74 %

b)47 %

c)57 %

d)72 %

e)None of the above

Ans: (a)

4. What is an Indian Depository Receipt?

a)A deposit account with a Public Sector Bank

b)A depository account with any of depositories

c)An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

d)An instrument in the form of deposit receipt issued by Indian depositories

e)None of the above

Ans: (c)

5. The first Indian bank to open a branch outside India in London in 1946?

a)SBI

b)PNB

c)BOB

d)Canara Bank

e)BOI

Ans: (e)

6. Find the 'odd man out' of the following?

a)Walmart

b)Tesco

c)Carrefour

d)Big Bazar

e)Ikea

Ans: (d)

7. What is the World's largest functioning Oil Refinery?

a)Reliance Refinery in Jamnagar, Gujarat

b)IOC Refinery in Digboi, Assam

c)HPCL Mumbai Refinery

d)Paraguana Refinery, Venezuela

e)Exxon Mobil Refinery, Singapore

Ans: (a)

8. National Spot Exchange (NSEL) is the news for defaulting payments to investors. Who is the founder promoter of FT?

a)Jignesh Shah

b)Harshad Mehta

c)Ketan Parekh

d)A K Telgi       

e)None of the above

Ans: (a)

9. What is 'Net Interest Margin' of a Bank?

a)Margin of Interest earned on Trading in Govt Securities

b)Difference between the Base Interest Rate and the Average Lending Rate

c)Difference between the interest income and the amount of interest paid out

d)Difference between Interest on Term Loans and Interest on Cash Credits

e)None of the above

Ans: (c)

10. One of the Primary functions of IMF is to provide short term capital assistance to member countries through SDR (Special Drawing Rights). What is NOT true about SDR?

a)Currency code of SDR is XDR

b)SDR is the Unit of Account of IMF

c)Asian Development Bank (ADB) also uses SDR as its Currency

d)SDR can be exchanged only for US Dollar, British Pound, and Euro & Japanese Yen

e)None of the above

Ans: (e)