Banking Awareness Quiz

1. The ratio of the cash reserves that banks are required to keep with RBI is known as
A. Liquidity Ratio
B. CRR
C. SLR
D. Bank rate

2. What does R stands for in SLR?
A. Rate
B. Ratio
C. Reserve
D. none of the above

We Recommend Testbook APP
100+ Free Mocks For RRB NTPC & Group D Exam Attempt Free Mock Test
100+ Free Mocks for IBPS & SBI Clerk Exam Attempt Free Mock Test
100+ Free Mocks for SSC CGL 2021 Exam Attempt Free Mock Test
100+ Free Mocks for Defence Police SI 2021 Exam Attempt Free Mock Test
100+ Free Mocks for UPSSSC 2021 Exam Attempt Free Mock Test


3. Which of the following is not a fuction at ATMs?
A. Account Information
B. Cheque Withdrawal
C. Regular bills payment
D. Mini statement

4. Which of the following is a capital market instrument?
A. Notice money
B. Treasury-bills
C. Debentures
D. Only B & C

5. State-issued money which is neither convertible by law to any other thing, nor xed
in value in terms of any objective standard is called –
A. Fiat Money
B. Commercial Bank Money
C. Rpresentative Money
D. Liquid Money

6. Banking sector comes under which of the following sector?
A. Agriculture Sector
B. Rural Sector
C. Service Sector
D. Finance Sector

7. An account in which trading of shares in their electronic form is done is known as
A.NRO Account
B. NRE Account
C. Demat Account
D. RFC Account

8. The maximum compensation by Banking Ombudsman for a complaint isA.
Rs.1lakh
B. Rs.2lakh
C. Rs.5lakh
D. Rs.10lakh

9. The Reserve Bank of India was established on 1935 in accordance with the provision of which of the following Act?
A. The Reserve Bank of India Act, 1934
B. The Reserve Bank of India Act,1935
C. The Reserve Bank of India Act, 1947
D. The Reserve Bank of India Act, 1949

10. Which of the following Cheque is not honoured by the bank?
A. Stale Cheque
B. Crossed Cheque
C. Self Cheque
D. Open Cheque

 

ANSWER:-

1)B. CRR
2)B. Ratio
3)B. Cheque Withdrawal
4)C. Debentures
5)A. Fiat Money
6)C. Service Sector
7)C. Demat Account
8)D. Rs.10lakh
9)A. The Reserve Bank of India Act, 1934
10)A. Stale Cheque

Governmentadda Suggests ixambee Courses 
RBI Grade B + NABARD Grade A Course Click Here
FCI AGM Technical Course Click Here
FCI AGM GA Course Click Here

Leave a Reply