Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS/SBI Exams 2018 can make use of it.
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- ______Account refers to funds deposited with an Indian financial institution opened by an Indian national with the intention of becoming a Non-Resident Indian or NRI.
- NRI
- FCNR
- NRO
- All of these
- None of these
- Which of the following account amount is non transferable?
- Demat Account
- Current Account
- Savings Account
- Fixed Deposit Account
- None of these
- CASA stands for Current Account and Savings Account which is mostly used in __________.
- East Asia and West Asia
- Central Asia and South-east Asia
- West Asia and South-east Asia
- None of these
- South Asia and South west Asia
- Interest is given on savings account per day basis between __________of every month.
- 10th and 30th
- 11th and 20th
- 15th and 30th
- 10th and 20th
- None of these
- Foreign Currency Non-Repatriable (FCNR) account is a ____________.
- Savings Account
- Foreign Currency Account
- Fixed Deposit Account
- Current Account
- None of these
- Under ___________account, a specified amount is deposited every month for a specific period, such as, 12, 24, 36, or 60 months it can be even for 120 months.
- Demat Account
- Current Account
- Savings Account
- None of these
- Fixed Deposit Account
- _____________are bank accounts that can be maintained by resident Indians in foreign currency.
- FCNR Accounts
- NRO Accounts
- RFC Accounts
- None of these
- NRI Accounts
- Demat account is just like a bank account where actual money is replaced by ________.
- Debit and Credit card
- Cheque
- Bills
- Receipts
- None of these
- A depositor can deposit his funds any number of times he likes and can withdraw the same any number of times in __________.
- Current Account
- Fixed Deposit Account
- None of these
- Savings Account
- Fixed Deposit Account
- Which account is used for save shares in account?
- Current Account
- Demat Account
- Savings Account
- Fixed Deposit Account
- None of these
- Which type of account is also known as Demand Deposit Account?
- Savings Account
- Recurring Deposit Account
- Current Account
- None of these
- CASA Account
- ______Account refers to funds deposited by a Non-Resident Indian or NRI with a financial institution authorized by the Reserve Bank of India to provide such services.
- All of these
- FCNR
- NRI
- NRO
- None of these
- Which of the following account attracts high rate of interest?
- Demand Deposit Account
- Fixed Deposit Account
- Savings Account
- None of these
- Current Account
- No interest is paid by the bank on ___________.
- Fixed Deposit Account
- Saving Account
- Time Deposit Accounts
- Recurring Deposit Account
- None of these
- Fixed Deposit Account is also known as ___________.
- Recurring Deposit Account
- None of these
- Savings Account
- Shared Account
- Current Account
Answers:
- NRO Account refers to funds deposited with an Indian financial institution opened by an Indian national with the intention of becoming a Non-Resident Indian or NRI
Correct Answer is: c
- Cash is deposited in fixed deposit account for a fixed period. This is not transferable.
Correct Answer is: d
- CASA stands for Current Account and Savings Account which is mostly used in West Asia and South-east Asia
Correct Answer is: c
- Interest is given on savings account per day basis between 10th and 30th of every month.
Correct Answer is: a
- Foreign Currency Non-Repatriable account deposits. This is a Fixed Deposit Foreign Currency account and not a savings account.
Correct Answer is: b
- Under Recurring Deposit Account account, a specified amount is deposited every month for a specific period, such as, 12, 24, 36, or 60 months it can be even for 120 months
Correct Answer is: d
- RFC accounts (Resident Foreign Currency) are bank accounts that can be maintained by resident Indians in foreign currency.
Correct Answer is: c
- Demat account is just like a bank account where actual money is replaced by shares
Correct Answer is: e
- A depositor can deposit his funds any number of times he likes and can withdraw the same any number of times in Current account
Correct Answer is: a
- Demat account is used for save shares in account
Correct Answer is: b
- Current Account is also known as Demand Deposit Account
Correct Answer is: c
- NRI Account refers to funds deposited by a Non-Resident Indian or NRI with a financial institution authorized by the Reserve Bank of India to provide such services
Correct Answer is: c
- Fixed Deposit Account or Time Deposit Accounts attracts high rate of interest
Correct Answer is: b
- No interest is paid by the bank on Current Account
Correct Answer is: e
- Fixed Deposit Account is also known as Time Deposit Accounts
Correct Answer is: b
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