Banking Awareness Quiz

1. The approach of ‘Micro-Credit’ or ‘Banking with the poor’ is comparatively a new concept in the field of rural credit. This approach has been tried very successfully in which of the following countries?
(1) India
(2) China,        
(3) Japan
(4) Bangladesh,  
(5) None of these

2. The lowering of Bank Rate by the Reserve Bank of India leads to
(1) More liquidity in the market,  
(2) Less liquidity in the market
(3) No change in the liquidity in the market,
(4) Mobilization of more deposits by commercial banks
(5) none of the above

3. Which of the following is not a part of the scheduled banking structure in India?
(1) Public Sector Banks
(2) Moneylenders        
(3) Private Sector Banks
(4) Regional Rural Bank
(5) State Co-operative banks

4. The rate of interest on Savings Bank Account is decided by
(1) RBI   
(2) Indian Banks Association  
(3) Government of India
(4) the concerned bank        
(5) Banking Codes and Standards Board of India

5. Many times we read a term CBS used in banking operation. What is the full form of the letter ‘S’ in the term ‘CBS’?
(1) Systematic
(2) Super
(3) Support
(4) Solution
(5) None of these

6. Who sets up the Bench Mark Interest Rate for Germany?
a) German Central Bank
b) Deutsche Bundes Bank
c) European Central Bank (ECB)
d) Deutsche Bank
e) None of the above

7. What is India's Apex Tax body?
a) CBDT
b) GAAR
c) IT Department
d) RBI
e) None of the above

8. FICCI is an Association of Business Organizations in India. Who is the President of FICCI?
a) Shikha Sharma
b) Usha Thorat
c) Naina Lal Kidwai
d) Indra Nooyi
e) None of the above

9. Banks in India are governed by BR Act 1949. What does 'BR' stands for?
a) Banks Registration
b) Banking Re-organization
c) Banking Regulation
d) Banking Rights
e) None of the above

10. In India, Scheduled Commercial Banks are those Banks included?
a) In the 2nd Schedule of RBI Act 1934
b) In the 2nd Schedule of BR Act 1949
c) In the 2nd Schedule of NI Act 1881
d) In the 2nd Schedule of Companies Act 1956
e) None of the above

Answers..

1. 4
2. 1
3. 2
4. 4
5. 4
6. 3
7. 1
8. 5
9. 3
10. 1