Banking & Financial Awareness Quiz 2016 - Set 7


Hello and welcome to exampundit . Here is a set of Banking & Financial Awareness Quiz for RBI Grade B Phase I and UBI PO Exams 2016.

1. Which of the following scheme is not meant for investment purposes?
(a) National saving certificate
(b) Infrastructure bonds
(c) Mutual funds
(d) Letter of credit
(e) None of these




2. Basel norms which are important regulatory stipulations are meant for which sector?
(a) Insurance
(b) Banking
(c) Micro finance
(d) Pension funds
(e) None




3. Systematic investment Plans relates to:
(a) Mutual Funds
(b) Life Insurance Companies
(c) Commercial Banks
(d) Post office Savings Schemes
(e) None




4. Euro money is the official currency of?
(a) NATO
(b) UN
(c) European Council
(d) Germany and England
(e) None of these




5. Which of the following is an example of cash less purchase?
(a) Debit card
(b) Credit card
(c) ATM withdrawal
(d) All of the above
(e) None




6. Banking services delivered to a customer by means of a computer control system that does not directly involve banks branch is called?
(a) Universal banking
(b) Virtual banking
(c) Narrow banking
(d) Brick & Mortal banking
(e) None




7. Financial inclusion means provision of?
(a) Financial services namely payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the bank
(b) Ration at affordable cost to persons not yet given the same
(c) House at affordable cost to persons not yet given the same
(d) Food at affordable cost to persons not yet given the same
(e) Education at affordable cost to persons not yet given the same


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8. When a bank returns a cheque unpaid, it is called?
(a) Payment of the cheque
(b) Drawing of the cheque
(c) Cancelling of the cheque
(d) Dishonour of the cheque
(e) Taking of the cheque


9. Largest shareholder (in percentage shareholding) of a nationalized bank is?
(a) RBI
(b) NABARD
(c) LIC
(d) Govt of India
(e) Both Union and State Government of India




10. Which of the following types of accounts are known as ‘Demat Accounts’?
(a) Accounts which are Zero Balance
(b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
(c) Accounts in which shares of various companies are traded in electronic form
(d) Accounts which are operated through internet banking facility
(e) None of the above




11. NEFT means?
(a) National Electronic Funds Transfer
(b) Negotiated Efficient Fund Transfer system
(c) National Efficient Fund Transfer solution
(d) Non Effective Fund Transfer system
(e) Negotiated Electronic Foreign Transfer system.




12. Distribution of insurance products and insurance policies by banks as corporate agents is known as?
(a) General insurance
(b) Non-life insurance
(c) Bancassurance
(d) Insurance Banking
(e) Deposit Insurance




13. In respect of partnership business, LLP stands for:
(a) Local Labour Promotion
(b) Low Labour Projects
(c) Limited Loan Partnership
(d) Longer Liability Partnership
(e) Limited Liability Partnership




14. What is a stale cheque?
(a) A cheque issued without drawer’s signature.
(b) A cheque with only signature of the drawer.
(c) A cheque which has completed 3 months from the date of its issue.
(d) Any one of the above.
(e) None



15. Which of the following is a source of collecting money from the public for a company for the first time?
(a) Rights issue
(b) Bonus shares
(c) Follow on offering
(d) Initial public offer
(e) Secondary offering



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Team ExamPundit

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