Banking Awareness Quiz 2015 - Set 13

Hello and welcome to ExamPundit. Here is a set of Banking Awareness Quiz for All the Bank Exams coming up in 2015.

1. In repo transaction, banks ____ RBI.
(a) Lend to
(b) Borrow from
(c) Deposit money in a special account with
(d) Extend a repurchase agreement
(e) b and d

2. Akhil, a minor aged 11 years, desires to open a saving account. His mother is illiterate and his father has become sanyasi. He has his grandparents. Who will be his natural guardian?
(a) Father
(b) Mother
(c) Grand father
(d) Guardian appointed by court
(e) Sanjay himself can operate

3. The benefit accruing to traders who play in different markets, simultaneously - profits accrue, as markets are imperfect, is known as ______.
(a) Leverage
(b) Arbitrage
(c) Derivative
(d) Swap
(e) None of the above

4. A minor for whom the court has appointed a guardian attains majority on completion of
(a) 21 years
(b) 18 years
(c) 15 years
(d) 17 years
(e) 20 years

5. In saving account deposits, interest is paid on_____ balance
(a) Maximum
(b) Average daily
(c) Half yearly average
(d) Balance at the end of month
(e) None of the above

6. A stop payment instruction of a cheque can be issued by?
(a) The payee
(b) The endorsee
(c) The drawer
(d) The drawee
(e) None of the above

7. The level of SLR to be maintained is mentioned in _____.
(a) RBI Act 1934
(b) BR Act 1949
(c) Companies Act 1956
(d) NI Act 1885
(e) None of the above

8. Which of the following components is exempted from DTL (Demand and Time Liabilities) calculation?
(a) Foreign outward remittances in transit
(b) Net inter-bank borrowings/ deposits with maturity not exceeding 14 days (call/ notice money liability)
(c) Demand and time deposits
(d) Overseas borrowings
(e) None of the above

9. Forged cheque is:
(a) Valid for payment
(b) Invalid and hence cannot be paid
(c) Post-dated and hence cannot be paid
(d) Stale-cheque and hence cannot be paid
(e) Ante-dated and hence cannot be paid

10. Security feature available with smart card:
(a) Multiple pins
(b) Retinal pattern verification
(c) Dynamic signature verification
(d) Vein recognition
(e) All of the above


Team ExamPundit


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