Banking and Financial Awareness Quiz

1. The cash reserve requirements for Non-schedule Banks are laid down in?

 Section 41(i) of the Reserve Bank of India Act, 1934

 Section 41(i) of the Negotiable Instruments Act. 1881

 Section 41 of the Banking Regulation Act, 1881

 None of the above

2. Case Reserve Ratio is maintained in the form of?

 Government Securities

 Balance with Reserve Bank of India

 Balance with State Bank of India

 All of the above

3. RBI is empowered to prescribe Cash Reserve Ratio ranging between?

 five per cent to twenty per cent of net demand and time liabilities

 RBI is empowered to vary CRR between 15 percent and 3 percent

 three per cent to forty per cent of net demand and time liabilities

 none of the above

4. The functions of Back office are?

 It verifies and settles the deals

 It maintains proper record of Book keeping

 It submits financial returns of RBI

 All of the above

5. What does LMS stand for in e-learning?

 Learning Management System

 Life Management System

 Learning Management Software

 None of the above

6. Which is not e-banking software?

 ECS

 MICR

 RTGS

 PIPS

7. Which is the feature of IBS (Integrated Banking System)?

 Multi Currency

 Multi Entity

 Multi Branch

 All of these

8. What does CBS stands for in Banking?

 Core Banking Solution

 CentralBanking System

 Currency Bank Software

 Centralized Banking Software

9. In core banking systems?

 Store and forward of transaction is done

 Branch server is not required

 Local Database is not required

 Transaction cannot happen form a non-home branch

10. Which of the following is the example of the brand of SBI? 

 SBI Mutual Fund

 Saving and Current Deposits

 Car Loan

 Home Loan