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Banking Awareness Quiz Set - 10

image 2017-12-07 18:25:55
Banking Awareness Quiz Set - 10

Q1. Very often we read in newspapers/magazines about ‘Sovereign Wealth Funds’. Which of the following is/are the correct description of the same?
A. These are the funds or the reserves of a government or central bank of a country which are invested further to earn profitable returns.
B. These are the funds which were accumulated by some people over the years but were not put in active circulation as they retain them as black money for several years.
C. The funds which are created to be used as relief funds or bailout packages.
a) Both (B) and (C) only
b) Only (B)
c) Only (C)
d) Only (A)
e) None of these

Q2. Credit Rating
a) is used to rate the borrowers while giving advances.
b) is used to work out performance of the employees.
c) is used to calculate the number of excellent audit-rated branches.
d) is not used in any bank.
e) is necessary before giving promotion to employees.

Q3. The names of which of the following rates/ratios cannot be seen in financial newspapers?
a) Bank Rate
b) Repo Rate
c) Statutory Liquidity Ratio
d) Cash Reserve Ratio
e) Pulse Rate

Q4. Invisible Export means export of
a) Perishable goods
b) Prohibited goods
c) Unrecorded goods
d) Goods through smuggling
e) Services

Q5. Ten-rupee notes contain the signature of
a) Finance Secretary, GOI
b) Chairman, State Bank of India
c) Governor, Reserve Bank of India
d) Finance Minister, GOI
e) Prime Minister

Q6. In Banking terminology, NPA means
a) No-Promise Account
b) Non-Personal Account
c) Non-Performing Asset
d) Net Performing Asset
e) New Promising Ambience

Q7. Govt of India has launched special Green Revolution project for which of the following states/group of states?
a) North-East states
b) Bihar and Jharkhand
c) West Bengal
d) Tamil Nadu and Kerala
e) None of these

Q8. Which of the following sector(s) make(s) maximum contribution to the national income of India?
a) Services
b) Agriculture
c) Industry
d) Both Agriculture and Industry
e) None of these

Q9. Which of the following is not a part of the scheduled banking structure in India?
a) State Co-operative Banks
b) Public Sector Banks
c) Private Sector Banks
d) Regional Rural Banks
e) Moneylenders

Q10. Which of the following is known as Plastic Money?
A. Demand Draft
B. Credit Card
C. Debit Card
a) Only (A)
b) Only (B)
c) Only (C)
d) Both (B) and (C)
e) All (A), (B) and (C)

Answers.

Q1. d, Q2. a, Q3. e, Q4. e, Q5. c
Q6. c, Q7. a, Q8. a, Q9. e, Q10. d