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Banking Awareness Quiz Set - 22

image 2018-01-11 15:17:01
Banking Awareness Quiz Set - 22

Q1. Money Laundering refers to
a) Conversion of assets into cash
b) Conversion of money which is illegally obtained
c) Conversion of cash into gold
d) Conversion of gold into cash
e) Money power

Q2. The market value of all final goods and services produced and/ Or made with the geographical boundaries of a country in a year is known as _______
a) Gross Domestic Product
b) Gross National Savings
c) Gross Fiscal Deficit
d) Gross Domestic Capital Formation
e) None of these

Q3. Organisation of workers in which of the following groups has proved a very effective way of providing micro finance by banks to the rural people and poor in India ?
a) Self Help Groups
b) Vriksha Mitras
c) Shiksha Sevaks
d) Accredited Social Health Activist (ASHA)
e) Link Workers

Q4. Almost all Banks in India are running special schemes for providing banking services to rural poor. This concept is popularly known as _________.
a) Faster Growth
b) Trade Finance
c) SME Finance
d) Investment Banking
e) Financial Inclusion

Q5. Which of the following Acts is enacted to help the Union Govt. to manage its budgeted finances and fiscal deficit in a very disciplined manner?
a) The Competition Act
b) The Banking Regulation Act
c) The Negotiable Instruments Act
d) Foreign Exchange Management Act
e) Fiscal Responsibility and Budget Management Act

Q6. Which of the following taxes is not levied by the Government of India?
a) Income Tax
b) Professional Tax
c) Excise Duty
d) Dividend Distribution Tax
e) Capital Gain Tax

Q7. Which of the following is not a banking related term?
a) Discount
b) Credit
c) Reynolds Number
d) Post Dated Cheque
e) Time Deposit

Q8. Which of the following taxes was levied on the buying/selling of various commodities on recognised exchanges in India? (It is withdrawn now).
a) Fringe Benefit Tax
b) Value Added Tax
c) Central Sales Tax
d) Securities Transaction Tax
e) Commodity Transaction Tax

Q9. Which of the following is NOT a banking related term ?
a) Creditor
b) Outstanding amount
c) Benchmark Prime Lending Rate
d) Explicit Guarantee
e) Centre Pass

Q10. When a bank is financing an “International Business”, it in fact, is involved in which of the following?a) Micro Finance
b) Retail Banking
c) Core Banking
d) Trade Finance
e) All of these

Answers:

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