Banking and Financial Awareness Quiz

1. Deposits which can be withdrawn by a customer without notice are called?

 Time Deposits

 Variable Deposits

 Demand Deposits

 Low Cost Deposits

2. Expand BIS?

 Bank for international Settlements

 Bank for Industrial settlements

 Bank for Industrial Sectors

 Bank for International Services

3. For a foreigner temporarily residing in India, type of account to be opened is?

 Resident Account

 NRO Account

 Both (a) and (b)

 None of the above

4. For which of the following categories of banks is “Protected Disclosure Scheme” is applicable?

 Co-operative Banks

 Private Banks and Foreign Banks

 Public Sector Banks

 None of the above

5. The punchline “Feel the Difference” is associated with?

 DCB Bank

 Deutsche Bank

 YES Bank

 Citi bank

6. VDMS in Government transactions means?

 Verified Data-wise Monthly Statement

 Valuable Data Management System

 Variable Data Matching System

 None of the above

7. The guarantor of a customer’s account has the right?

 to inspect the account in the bank’s books

 to be provided with the statement of the account

 to be informed only about the extent of his liability

 to be provided with all the information about the way the account is conducted

8. Internet marketing involves? 

 Online marketing

 e-marketing

 Both A and B

 one of these

9. The term packing credit means?

 Advances against goods in packages

 Advance for import of goods

 Advance for export of goods

 Advance for financing the purchase, processing, manufacturing or packing of goods for export against a letter of credit or a confirmed order

10. The term “book debts” means?

 All debts due to the banks by a business undertaking

 All debts due by a business undertaking to persons/undertaking other than banks

 Debts owing to a business undertaking arising primarily out of the sale of merchandise to the customers on credit

 Moneys due on the purchase of various types of book