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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- ____________is written by an individual to transfer amount between two accounts of the same bank or a different bank and the money is withdrawn from the account
- Demand Draft
- Memo
- Cheque
- Credit Card
- None of these
- When an account has insufficient funds the cheque is not payable and is returned by the bank with a reason “Exceeds arrangement” or “funds insufficient” is called ____________
- Clearing of cheque
- Bouncing of a cheque
- Transfer of cheque
- Reply of cheque
- None of these
- ____________ is a general term used to describe the services provided by a group of networked bank branches
- Net Banking
- Core Banking
- Retail Banking
- Money Banking
- None of these
- ______________is the distribution of insurance products and the insurance policies of insurance companies by banks as corporate agents through their branches
- Insurance
- Cross Selling
- Mutual Funds
- Bancassurance
- None of these
- ____________is the rate of interest charged by a central bank to commercial banks on the advances and the loans it extends
- Repo Rate
- Reverse Repo Rate
- Interest Rate
- Liquidity rate
- None of these
- ____________ is a loan that is made for a very short period of a few days only with a low rate of interest
- Commodity money
- Plastic Money
- Notice Money
- Call money
- None of these
- _____________ is the amount of funds that a bank keeps with the Reserve Bank of India
- Statutory Liquidity Ratio
- Repo Rate
- Reverse Repo Rate
- Base Rate
- None of these
- _____________ is an increase in the quantity of money in circulation without any corresponding increase in goods thus leading to an abnormal rise in the price level
- Inflation
- Imports
- Exports
- Deflation
- None of these
- ______________ is an account that can be opened generally for business purposes with no restrictions on withdrawals and no interest paid
- Current Account
- Savings Account
- Fixed Deposit Account
- Demat Account
- None of these
- ____________ is a name given to Credit cards, Debit cards, ATM cards and International Cards issued by banks
- Net Cards
- Money Cards
- Pay Cards
- Plastic Cards
- None of these
- ______________is a contraction in the supply of circulated money within an economy
- Monopoly
- Equilibrium
- Inflation
- Surplus
- None of these
- ____________ is the rate of interest on which banks base their lending rates. Usually loans are given at a rate higher than the base rates and saving rate is below the base rate
- Base Rate
- Repo Rate
- Bank Rate
- Reverse Repo rate
- None of these
- ________________are loans given by a bank on which repayments or interest payments are not being made on time
- Bad Assets
- Return Assets
- Non Performing Assets
- Good Performing Assets
- None of these
- ___________ is the amount of Funds borrowed by the government to meet the expenditures.
- Capital Deficit
- Fiscal Deficit
- Current Account Deficit
- Current Loan
- None of these
- ______________ is account of nominal interest which can only be used for personal purpose and which has some restrictions on withdrawal
- Personal Account
- Current Account
- Bank Account
- Demat Account
- None of these
Answers:
- Cheque is written by an individual to transfer amount between two accounts of the same bank or a different bank and the money is withdrawn from the account.
Correct Answer is: c)
- When an account has insufficient funds the cheque is not payable and is returned by the bank with a reason “Exceeds arrangement” or “funds insufficient” is called Bouncing of a cheque
Correct Answer is: b)
- Core Banking is a general term used to describe the services provided by a group of networked bank branches
Correct Answer is: b)
- Bancassurance is the distribution of insurance products and the insurance policies of insurance companies by banks as corporate agents through their branches. Banks charge a fee for this service from insurance companies
Correct Answer is: d)
- Bank Rate is the rate of interest charged by a central bank to commercial banks on the advances and the loans it extends.
Correct Answer is: e)
- Call money is a loan that is made for a very short period of a few days only with a low rate of interest
Correct Answer is: d)
- Cash Reserve Ratio is the amount of funds that a bank keeps with the RBI. If the percentage of CRR increases then the amount with the bank comes down.
Correct Answer is: e)
- Inflation is an increase in the quantity of money in circulation without any corresponding increase in goods thus leading to an abnormal rise in the price level
Correct Answer is: a)
- Current Account is an account that can be opened generally for business purposes with no restrictions on withdrawals and no interest paid
Correct Answer is: a)
- Plastic Cards is a name given to Credit cards, Debit cards, ATM cards and International Cards issued by banks
Correct Answer is: d)
- Deflation is a contraction in the supply of circulated money within an economy, and therefore the opposite of inflation
Correct Answer is: e)
- Base Rate is the rate of interest on which banks base their lending rates. Usually loans are given at a rate higher than the base rates and saving rate is below the base rate
Correct Answer is: a)
- Non Performing Assets or non-performing loans are loans given by a bank on which repayments or interest payments are not being made on time
Correct Answer is: c)
- Fiscal Deficit is the amount of Funds borrowed by the government to meet the expenditures.
Correct Answer is: b)
- Bank Account is account of nominal interest which can only be used for personal purpose and which has some restrictions on withdrawal
Correct Answer is: c)
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