Banking Awareness Quiz

1. Which among the following is correct and full form of CAS in context with banking markets in India?

a) Cash Authorized Scheme

b) Credit Authorized Scheme

c) Credit Access System

d) Credit Arrangement System

e) Cash Accreditation Scheme

2. Money laundering refers to which of the following?

a) Conversion of assets into cash

b) Conversion of Black money gained from illegal activities to white money

c) Conversion of cash into gold

d) Conversion of gold into cash

e) Conversion of shares into cash

3. Account for conversion of physical securities into electronic form is know as?

a) NRI Account

b) Foreign Account

c) Trio Account

d) Current Account

e) DEMAT(Dematerialisation)Account

4. What is "Hot Money"?

a) Flow of funds (or capital) from one country to another in order to earn a short-term profit on interest rate differences and/or anticipated exchange rate shifts.

b) Hard Currency

c) Soft Currency

d) Foreign Assets

e)All of these

5. RBI has decided to prescribe a minimum CRAR for StCBS /CCBs of 9% to be achieved in a phased manner over a period of 3 years as indicated below

a) 3 years

b) 4 years

c) 5 yeasrs

d) 2 years

e) No such restriction

6. PFRDA stands for?

a) Provident Fund Regulatory and Development Authority

b) Preferential Fund Regulatory and Development Authority

c) Permanent Fund Regulatory and Development Authority

d) Pension Fund Regulatory and Development Authority

e) None of these

7. The main function IMF is to?

a) Finance investment loans to development countries

b) Act as a private sector lending arm of the World Bank

c) Help to solve Balance of payment problems of members countries

d) Arrange International deposits from Banks

e) None of these

8. Which of the following public sector banks has the largest number of Branches in foreign countries?

a) Bank of India

b) Bank of Baroda

c) Punjab National Bank

d) Corporation Bank

e) None of the above

9. Which of the following assets are considered as Near Money?

a) Bond

b) Equity shares

c) Time deposits

d) Traveller's cheque

e) All of the above

10. What is an Indian Depository Receipt?

a) A deposit account with a Public Sector Bank

b) A depository account with any of Depositories in India

c) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company

d) An instrument in the form of deposit receipt issued by Indian depositories

e) None of these

11. Which of the following cannot be called as a value added service offered by a Bank ?

a) Special Account for poor sections of society

b) Accident Insurance cover

c) Instant Credit of Outstation cheques

d) Free cheque books

e) All of these

12. Which of the following is NOT the feature of Real Time Gross Settlement (RTGS) ?

a) Payments are settled transaction by transaction

b) Settlement of funds is revocable

c) Settlement is done in real time

d) It is a fully secured system which uses digital signatures and public Key encryption for safe and secure message transaction

e) None of these

13. Standard & Poor is a?

a) Bank

b) Non-Banking Finance Company

c) Stock Market Agency

d) Credit Rating Agency

e) RBI advisory body

14. In Banking System, which of the following Act was framed specially to speed up recoveries Non - Performing Assets?

a) SARFAESI Act

b) Banking Regulation Act

c) Foreign Exchange Management Act

d) Industrial Disputes Act

e) None of these

15. In context with the Business and Banking, what is CRAR ?

a) Capital to Risk Asset Ratio

b) Credit to Risk Asset Ratio

c) Credit to Risk Assessment Ratio

d) Capital to Risk Assessment Rate

e) Credit Rate Assessment Ratio

Answers:

1) b 

2) b 

3) e 

4) a 

5) a 

6) d 

7) c

8) b 

9) e 

10) c 

11) d 

12) b 

13) d 

14) a 

15) a