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Banking Awareness Quiz Set - 21

image 2018-01-10 16:38:28
Banking Awareness Quiz Set - 21

Q1. What are teaser loan rates charged by banks?
a) Fixed rate of interest charged by banks
b) Floating rate of interest charged by banks
c) Rate of interest in the initial period is less and goes up subsequently.
d) Rate of interest in the initial period is more and it goes down subsequently.
e) None of these

Q2. Expand the term CCEA as used in administrative circles.
a) Cabinet Committee on External Affairs
b) Cabinet Committee on Economic Affairs
c) Cabinet Council on External Affairs
d) Cabinet Council on Economic Affairs
e) None of these

Q3. What is the full form of the term LIBOR as used in financial/ banking sector?
a) Local Indian Bank Offered Rate
b) London-India Bureau of Regulations
c) Liberal International Bank Official Ratio
d) London Inter Bank Offered Rate
e) None of these

Q4. Expand the term FSDC, which is used in financial sector.
a) Financial Security and Development Council
b) Financial Stability and Development Council
c) Fiscal Security and Development Council
d) Fiscal Stability and Development Council
e) None of these

Q5. The Govt of India and RBI are making all the efforts to provide banking facilities to all the villages/habitations in the county. This is the part of their policy of
a) PURA
b) Financial Inclusion
c) Swawalamban
d) Pradhan Mantri Adarsh Gram Yojana
e) None of these

Q6. Which of the following is NOT a Private Bank in India?
a) Yes Bank
b) HDFC Bank
c) Axis Bank
d) Kotak Mahindra Bank
e) IDBI Bank

Q7. Which of the following is/are NOT the functions of a bank?
A. Accepting deposits from the public
B. Grant of loans and advances
C. Providing finance to all those who cannot earn enough to survive
a) Only (A)
b) Only (B)
c) Only (C)
d) All (A), (B) and (C)
e) Only (B) and (C)

Q8. What does the letter ‘F’ denote in the abbreviated name ‘IIFCL’?
a) Functional
b) Foreign
c) Forwarded
d) Finance
e) None of these

Q9. Which of the following taxes/cess is levied by States in India?
a) Tax on motor vehicles
b) Educational cess
c) Tax on hotels
d) Tax on wealth
e) All of these

Q10. NAV is normally used in respect of schemes floated by
a) Banks
b) Mutual funds
c) Insurance Companies
d) Merchant banker
e) None of these

Answers:

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