Banking Awareness Quiz 1. A segment of the financial market in which financial instruments with high liquidity and very short maturities are traded is known as---? A Money Market B Stock Market C Derivative market D Equity Market E Mutual Fund Market Ans- A 2. The system of Cheque clearing and settlement between Banks based on electronic data/images or both without physical exchange of instruments is known as .....? A Cheque truncation B Cheque Embossing C Cheque Standardization D Cheque Digitalization E Cheque Clearance Ans- A 3. As per guidelines issued by the Reserve bank of India, how much will a customer have to pay for checking account balance at a white label ATM? A Rs 1 B Rs 2 C Rs 5 D Rs 10 E Rs 20 Ans- C 4. In which country is the bank for International Settlements Located? A USA B Switzerland C Belgium D Canada E Japan Ans- B 5. When a payment is made through RTGS/NEFT, the customer/remitter receives an acknowledgement of the payment made. What is the form of that acknowledgement? A Downloadable acknowledgement slip from the Reserve bank Of India B Email C SMS D Both B and C E All A, B,C Ans- D 6. Which term is used to describe a situation where an inflation rate is high, the economic growth rate slows down, and unemployment remains steadily high? A Recession B Depreciation C Stagflation D Depression E Running inflation Ans- C 7. Which measure is used by the RBI to buy or sell government bonds or other securities in open market? A Rationing of Credit B Direct Action C Consumer Credit Regulation D Statutory Liquidity Ratio E Open Market Operations Ans- E 8. Which of the following authority appoint Banking Ombudsman in India? A SEBI B RBI C NABARD D CII E Finance Ministry Ans- B 9. To which country does Muhammad Yunus , who develoed the concepts of micro credit and micro finance, belong? A Egypt B Pakistan C Indonesia D India E Bangladesh Ans- E 10. Lack of access to Financial services is technically known as.......? A Financial instability B Financial inclusion C Financial stability D Financial exclusion E Poverty Ans- D Keep Reading................................:) :)
Posted on: Thu, 30 Oct 2014 04:39:04 +0000
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