Banking Awareness Quiz

1. Country's largest lender the SBI recently declared how much amount of its bad loan to sell to the Asset reconstruction companies –

1) Rs. 5000 crore 

2) Rs. 10000 crore 

3) Rs. 3000 crore 

4) Rs. 6000 crore 

5) None of these

2. "Doing business report" published by –

1) World Bank 

2) IMF 

3) ADB 

4) WTO 

5) None of these

3. The Holidays for the Banks are declared as per which of the following Act –

1) Reserve bank Act 

2) Banking Regulation Act – 1949 

3) Negotiable instrument Act –1881

4) Companies Act – 1956 

5) None of these

4. Interest rate "Savings deposit" now a days is decided by –

1) RBI 

2) SBI 

3) Respective Banks 

4) IBA 

5) None of these

5. "ASBA" stands for –

1) Application supported by bank account 

2) Application supported by balance account

3) Application supported by blocked account 

4) Application supported by blocked amount 

5) None of these

6. FCCB stands for –

1) Foreign currency convertible bonds 

2) Forex currency convertible bonds

3) Form currency convertible bonds 

4) Future currency convertible bonds 

5) None of these

7. "De – Mat" account is regulated by –

1) RBI 

2) SBI 

3) IRDA 

4) SEBI 

5) None of these

8. Banking ombudsman is appointed by –

1) Union government 

2) RBI 

3) Respective state government 

4) Exim bank

5) None of these

9. How much maximum amount that is insured by "deposit insurance" credit corporation (DICGC) –

1) Rs. 50000 

2) Rs. 100000 

3) Rs. 10000 

4) Rs. 500000 

5) None of these

10. How much quantity of coins to be minted decided by –

1) RBI 

2) Union government 

3) SBI 

4) IRDA 

5) None of these

11. RBI can issue bank notes of maximum denomination –

1) Rs. 1000 

2 ) Rs. 500 

3) Rs. 10000 

4) Rs. 20000 

5) None of these

12. Life span of Rs. 10 notes are –

1) 10-15 months 

2) 16-19 months 

3) 10-18 months 

4) 1-12 months 

5) 20-25 months

13. Validity period of "Demand draft" is –

1) 6 months 

2) 12 months 

3) 3 months 

4) 8 months 

5) None of these

14. According to "Micro small medium enterprise development Act – 2006 (MSME Act – 2006)" investment limit for micro enterprise in manufacturing sector is –

1) Less than Rs. 10 lakh 

2) Less than Rs. 25 lakh 

3) Rs. 50 lakh 

4) Rs. 20 crore 

5) None of these

Answers:

1. 3

2. 1

3. 3

4. 3

5. 4

6. 1

7. 4

8. 2

9. 2

10. 2

11. 3

12. 5

13. 3

14. 2