Banking Current Affairs Quiz

1. Liquid assets means?

 Cash only

 Cash and Debtors

 Cash and Debtors (except bad debts)

 Cash and Debtors (except bad debts) and Marketable Securities

2. Many a time we read about Rural Indebtedness in various newspapers/magazines. What are the main causes of the rural indebtedness? 

I.Poverty 

II.Inability to repay the loans 

III.Zamindari System which prevents farmers to own the land

 Only I

 Only II

 Both I and II

 All of the above

3. The process of the total valuation of the financial capital assets of a country is technically known as?

 Market Capitalization

 Gross Domestic Product

 Net wealth of the country

 Gross Domestic Resources

4. Which of the following is NOT the part of the organized sector in Indian Money Market?

 Mutual Funds

 Non-Banking Financial Companies

 Unit Trust of India

 Chit funds

5. The term “dormant accounts” means?

 Accounts showing an average balance of less than Rs. 100 during a half year

 Accounts which remains inoperative for an extended period of time

 Accounts which have been blocked under the exchange control regulations

 Loan/cash credit/overdraft accounts which are considered irrecoverable

6. Very often we rad Special Economic Zones (SEZs) in newspapers. What was the purpose of promoting SEZs in India? 

I. They are established to promote exports. 

II. They are established to attract investments from foreign countries. 

III. They are established to help poorest of the poors in India as the activities of these zones are reserved only for poors and those living below poverty line.

 Only I

 Only II

 Only III

 Both I and II only

7. When someone wants to open a new savings banks account, the bank asks him/her to bring various documents. Which of the following is one of these documents?

 Certificate of medical fitness

 Degree Certificate

 Proof of Residence & Identity

 None of the above

8. The main function of IMF is to.......?

 Finance investment loans to developing countries

 Act as a private sector lending arm of the World Bank

 Help to solve balance of payment problems of member countries

 Arrange international deposits from Banks

9. Which of the following is not a part of the scheduled banking structure in India?

 Money Lenders

 Public Sector Banks

 Private Sector Banks

 Regional Rural Banks

10. The rate of interest on Savings Bank Account is stipulated by?

 The concerned bank

 RBI

 Indian Banks Association

 Government of India