Banking Awareness Quiz 2015 - Set 7

Hello and welcome to ExamPundit. Here is a set of Banking Awareness Quiz for SBI PO Mains and RBI Assistant 2015.

1. Application Supported by blocked Amount (ASBA) is developed by –
(a) RBI
(b) SEBI
(c) TRAI
(d) IRDA
(e) None of these

2. The fraction of liquid assets which a bank has to keep itself is known as –
(a) CRR
(b) SLR
(c) Repo rate
(d) Liquidity
(e) None of these

3. NABARD was established on the recommendation by which committee –
(a) Gorewala committee
(b) Shivaraman committee
(c) Narsimham committee
(d) Kelkar committee
(e) None of these

4. According to MSME Act – 2006 investment limit for small enterprises in service sector –
(a) More than Rs. 10 lakh and less than Rs. 2 crore
(b) More than Rs. 25 lakh and less than Rs. 5 crore
(c) More than Rs. 1crore
(d) Less than Rs. 25 lakh
(e) None of these

5. What is the maximum amount, that can be transferred through "RTGS" system –
(a) Rs. 2 lakh
(b) Rs. 5 lakh
(c) Rs. 6 lakh
(d) No upper limit
(e) None of these

6. 'Forward Market Commission' head quarters located at –
(a) New Delhi
(b) Hyderabad
(c) Mumbai
(d) Jaipur
(e) None of these

7. What is the limit of "Education Loan" under priority sector lending, that a bank can provide a student to study in India–
(a) Rs. 20 lakh
(b) Rs. 5 lakh
(c) Rs. 10 lakh
(d) Rs. 30 lakh
(e) None of these

8. What is offshore banking ?
(a) It is a bank located in SEZ.
(b) It is bank located outside the country.
(c) It deal's in foreign exchange.
(d) It is a bank located outside the country of residence of the depositor.
(e) None of these

9. Which of the following statement is correct ?
(a) Illiterates can open saving bank accounts in a bank.
(b) Advance can be granted to minor only.
(c) Illiterate women cannot open any account in a bank.
(d) Loans can't be granted to Illiterate.
(e) Banks are only made for literate people.

10. In the Balance of Payment (BOP), the transfer of payment is included in which of the following ?
(a) Current account
(b) Capital account
(c) Service account
(d) Official reserve account
(e) None of these

11. Liquidity trap is related to which of the following –––––
(a) Foreign exchange market
(b) Share market
(c) FDI
(d) Demand of liquid money in relation to the prevailing interest rate.
(e) None of these

12. Which of the following(s) is NOT a type of NBFC?
(a) Asset Finance Company
(b) Infrastructure Debt Fund
(c) Infrastructure Finance Company
(d) Both (b) and (c)
(e) None of them


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