Dear, Candidates, This is the Banking
Quiz. This Quiz very useful for appear in SBI, IBPS Exam, & SSC
Exams and other Competitive Examinations.
Q.1. Banking Ombudsman Schemes is applicable to the business of ?
A. All scheduled commercial banks excluding RRBs
B. All scheduled commercial banks including RRBs
C. Only public sector banks
D. All banking companies
E. All scheduled commercial banks except private banks
Q.2. Nationalization of bank aimed at all of the following except?
A. Provision of adequate credit for agriculture, SME and Export
B. Removal of control by a few capitalists
C. Provision of credit to big industries only
D. Access of banking to masses
E. Encouragement of a few class of entrepreneurs
Q.3. Base Rate is the rate below which on bank can allow their lending to anyone. Who sets up this "Base Rate" for Banks?
A. Individual banks board
B. Ministry of commerce
C. Ministry of finance
D. RBI
E. Interest rate commission of India
Q.4. What is a "Debit Card "?
A. It is a card issued by a Rating Agency
B. It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account
C. It is a card which can be used for withdrawing cash or making payment if there is balance in the account
D. It is a card which carries prepaid balance
E. It is a card which can be used for making STD calls
Q.5. Bad advances of a Bank are called ?
A. Bad debt
B. Book debt
C. NPA
D. Out of order accounts
E. Overdrawn accounts
Q.6. Increased interest rates, as is existing in the economy at present will _________
A. Lead to higher GDP growth
B. Lead to lower GDP growth
C. Mean higher cost of raw materials
D. Mean lower cost of raw materials
E. Mean higher wage bill
Q.7. Which of the following statement is true
A. Banks cannot accept demand and time deposits from public
B. Banks can accept only demand deposits from public
C. Banks can accept only time deposits from public
D. Banks can accept both demand and time deposits from public
E. Banks can accept demand and time deposits only from government
Q.8. Fixed deposits and recurring deposits are?
A. Repayable after an agreed period
B. Repayable on demand
C. Not Repayable
D. Repayable after death of depositors
E. Repayable on demand or after an agreed period as per bank's choice
Q.9. Accounts are allowed to be operated by cheques in respect of ?
A. Both savings bank account and fixed deposit accounts
B. Saving bank accounts and current accounts
C. Both savings bank account and loan accounts
D. Both savings bank account and cash accounts only
E. Both current accounts and fixed deposit accounts
Q.10. Mortgage is a ?
A. Security on movable property for a loan given by a bank
B. Security on immovable property for a loan given by a bank
C. Concession on immovable property for a loan given by a bank
D. Facility on immovable property for a loan given by a bank
E. Security on immovable property for a deposit revived by a bank
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