Banking Awareness Quiz 2015 - Set 12

Hello and welcome to ExamPundit. Here is a set of Banking Awareness Quiz for Bank Exams 2015.

1. Which of the following can be called as intermediary in the Financial System?
(a) Insurance companies
(b) Banking companies
(c) Mutual funds
(d) All the above
(e) None of the above

2. Which type of machine is used by Business Correspondents?
(a) Micro ATMs
(b) POS
(c) Biometric Card Reader
(d) Solar empowered
(e) Water resistant

3. The ceiling for repatriation of funds from NRE/FCNR accounts is:
(a) Rs.2 lakhs
(b) Rs.5 lakhs
(c) Rs.10 lakhs
(d) No ceiling
(e) None of the above

4. Some banks are financing big projects like construction of roads, bridges etc. Financing such projects means banks are helping exactly in:
(a) Infrastructural Development
(b) Project Management
(c) Developing core sector Industry
(d) Financial Inclusion
(e) All of the above

5. Debentures are governed by____
(a) Law of Contract
(b) BR Act
(c) Company Law
(d) Banking Regulation Act
(e) None of the above

6. The maturity period of CDs (Certificate of Deposit) issued by banks should not be less than ____ and not more than _____, from the date of issue.
(a) 7 days, 6 months
(b) 7 days, 1 year
(c) 15 days, 6 months
(d) 15 days, 1 year
(e) 90 days, 180 days

7. The Main activity of the Financial Intelligence Unit India (FIU-IND) is to control:
(a) Tax Evasion
(b) Money Laundering
(c) Terrorism
(d) Avoiding NPAs
((e) Avoiding frauds in ATMs

8. Infusion of liquidity, by RBI, is done through _____ from / to banks under a _____ transaction.
(a) borrowing, repo
(b) borrowing, reverse repo
(c) lending, repo
(d) lending, reverse repo
(e) None of the above

9. Crossing a cheque is a direction to the:
(a) Drawer
(b) Payee
(c) Paying Banker
(d) Clearing House
(e) Collecting banker

10. The minimum amount for which a CD (Certificate of Deposit) can be issued is:
(a) Rs. 1 lakh
(b) Rs. 2 lakh
(c) Rs. 5 lakh
(d) Rs. 10 lakh
(e) Rs. 20 lakh


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