BANKING: General Awareness Quiz

1. The term Rolling Statements is predominantly used in which of the following markets?
(a) Money Market
(b) Capital Market
(c) Commodity Market
(d) Currency Market
(e) None of these



2. Which of the following is the Private Sector Undertaking?
(a) Air India Engineering Services Ltd.
(b) Bharat Electronics Ltd.
(c) Cotton Corporation of India
(d) Tata Consultancy Services
(e) None of these

3. The excess of total expenditures over total receipts is known as
(a) Fiscal Deficit
(b) Budget Deficit
(c) Revenue Deficit
(d) Trade Deficit
(e) None of these

4. Which of the committee was related to Foreign Direct Investment?
(a) N.K. Singh Committee
(b) Chandra Shekhar Committee
(c) Dutt Committee
(d) Wanchoo Committee
(e) None of these

5. Which of the following is not a term related to Banking/Finance Operations?
(a) Provision Coverage Ratio
(b) Securitization
(c) Consolidation
(d) Commodification
(e) Derivatives

6. Who is the Director of the controversial film "Dam 999"?
(a) Karan Johar
(b) David Dhawan
(c) Mani Ratnam
(d) Sohan Roy
(e) None of these

7. Which of the following countries reported rare declines of foreign reserves?
(a) America
(b) China
(c) Japan
(d) England
(e) None of these

8. ________ provides credit history of the borrowers.
(a) CIBIL
(b) IBA
(c) RBI
(d) CRISIL
(e) None of These

9. NABARD refinance for financing Self Help Groups is to the extent of?
(a) 25%
(b) 50%
(c) 75%
(d) 100%
(e) None of these

10. What is the full form of ASBA?
(a) Amount Saved and Balance in Account
(b) Account Savings and Banking Ascertainment
(c) Applications Supported by Blocked Amount
(d) Already Savings Blocked Amount
(e) None of these

11. The New Issue market is connected with
(a) New Issue of Treasury Bills
(b) New Issue of  Currency Notes
(c) Issue of IPO
(d) All of the above
(e) None of these

12. Which organization is meant to ensure exports from India?
(a) EXIM Bank
(b) ECGC
(c) Ministry of Commerce
(d) Ministry of Finance
(e) None of these

13. A bank branch receives a counterfeit note of Rs. 100 from a customer, which customer want it back. Which of the following action should be taken by the bank?
(a) It will return to customer.
(b) It will impound and not return
(c) It will ask for exchange of note
(d) It will replace with the genuine note
(e) It will check all the notes in possession with the customer also which are not being deposited.

14. Which of the following assets can be mortgaged?
(a) Stocks
(b) Book Debts
(c) National Saving Certificates
(d) Shares
(e) Land and building

15. The term "insider trading" is associated with?
(a) Stock Market
(b) Defence Services
(c) Parliamentary Procedures
(d) Sports
(e) None of these



ANSWERS:
1. b
2. d
3. b
4. a
5. e
6. d
7. b
8. a
9. d
10. c
11. d
12. b
13. b
14. e
15. a