Feb 22, 2016

Banking Knowledge - Banking Awareness Question

banking awareness questions


1. For repayment of loan availed from Banks / NBFC we come across a term known as EMI. What does it stand for?
(1) Equated Money Index
(2) Easy Money Installment
(3) Equated Monthly Installment
(4) Equal Monthly Installment
(5) Equal Minimum Installment

2. Many a times we read in the news paper about CASA deposits of banks. CASA deposits are
(1) Demand deposits
(2) Term deposits
(3) Hybrid deposits
(4) Recurring deposits
(5) Special schemes of banks

3. While investing in mutual funds we come across a term called NAV. What is the meaning of NAV?
(1) Net Annual Value
(2) Non Asset Value
(3) Net Actual Value
(4) Net Asset Value
(5) Net Average Value

4. Assume the Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact?
(1) Less liquidity in the market
(2) More liquidity in the market
(3) No change in the liquidity in the market
(4) Mibilisation of more deposits by commercial banks
(5) None of these

5. Despite good number of ATMs many people still visit the bank branches. Which of the following reason can be attributed to this issue?
(A) It does not accept deposits
(B) It has a limited cash disbursement capacity
(C) Lack of human interface
(1) Only (A)
(2) Only (B)
(3) Only (A) and (B)
(4) Only (A) and (C)
(5) All (A), (B) and (C)



6. The market in which long term securities such as stocks are bought and sold is commonly known as ------------------
(1) Bullion Market
(2) Commodities Exchange
(3) Forex Market
(4) Capital Market
(5) Money Market

7. Federal Reserve is a financial organization of which of the following country?
(1) USA
(2) Britain
(3) Germany
(4) Greece
(5) Japan

8. Whose signature is found on a 50 rupee currency note in India?
(1) President of India
(2) Governor, RBI
(3) Finance Minister
(4) Prime Minister of India
(5) Secretary, Ministry of Finance

9. Wages of the workers engaged in Mahatma Gandhi National Rural Employment Act are now based on …………………….
(1) Wholesale Price Index
(2) Prime lending rate of banks
(3) Repo Rate stipulated by the RBI
(4) Consumer Price Index
(5) Index of the Multi Commodities Exchange

10. Which of the following centres is the largest mobiliser of bank deposits in our country?
(1) Delhi
(2) Kolkata
(3) Chennai
(4) Ahmedabad
(5) Mumbai

11. Which of the following institution is involved mainly in granting Housing Loans?
(1) RBI
(2) SBI
(3) IBA
(4) ICICI
(5) HDFC

12. Initial repayment holiday given to a borrower for repayment of loan is called as ………………
(1) Subvention
(2) Moratorium
(3) Reschedulement
(4) Amortization
(5) EMI

13. Which of the following term is not related to banking?
(1) Repayment
(2) Loan
(3) NPA
(4) Fasting
(5) Deposit

14. Almost all banks in our country have introduced ………………………. Facility for granting crop loans to farmers.
(1) Term Loans
(2) Kisan Credit Card
(3) Bank Guarantee
(4) Foreign Exchange
(5) Reverse Mortgage

15. Which of the following is not considered among the loans under Retail Banking?
(1) Car loan
(2) Housing loan
(3) Personal loan
(4) Education loan
(5) Infrastructure loan

16. What is meant by financial inclusion?
(1) Making available banking services at an affordable cost
(2) Operating savings accounts in Rural area without any deposit
(3) Opening any type of account without introduction
(4) Distributing money through rural branches
(5) Distributing wages through bank accounts

17. Many times we read the term ‘ECB’ in newspaper. What is the full form of ‘ECB’?
(1) Essential Commercial Banking
(2) European Credit Borrowing
(3) External Credit for Business
(4) External Commercial Borrowing
(5) None of these

18. What is the minimum and maximum limit (in Rupees) prescribed for RTGS transactions?
(1) Minimum 1 lac maximum 10 lacs
(2) Minimum Rs 25000 and maximum Rs 1 lac
(3) Minimum Rs 2 lacs and Maximum No Limit
(4) Minimum Rs 25000 and No Maximum Limit
(5) Minimum Rs 10 lacs and maximum Rs 100 lacs

19. The Forward Markets Commission is responsible for regulation of which type of trading in India?
(1) Commodities Futures Trading
(2) Currency Future Trading
(3) Equity Futures Trading
(4) Derivative Futures Trading
(5) All of these

20. Which of the following is the private sector bank in India?
(1) Cooperation Bank
(2) Kotak Mahindra Bank
(3) IDBI bank
(4) Syndicate Bank
(5) Oriental Bank of Commerce


Questions Answers
1 3
2 2
3 4
4 2
5 5
6 4
7 1
8 2
9 4
10 5
11 5
12 2
13 4
14 2
15 5
16 1
17 4
18 3
19 1
20 2
Banking awareness question in hindi. Banking awareness question and answer. Banking awareness question and answer pdf. Banking awareness question and answer in hindi. Banking awareness question pdf. Banking awareness question bank. Banking awareness question and answers for bank exams. Banking awareness question for bank exam.

1 comment:

Anonymous said...

I want more computer awareness questions and answers for bank exam.