Banking Awareness Quiz – Set 194

Banking Awareness Quiz: We have created many quizzes on Banking Awareness and this set is one of them. These questions are most important for banking and insurance exams. The question asked in the Banking Awareness section are based both on static banking and that to current banking in news. These Banking Awareness sets will guide you in all banking exams like IBPS Clerk, IBPS PO, SBI Clerk, SBI PO, RRB Clerk and PO and other exams. So attempt all the sets now.

1. What is meant by a stale cheque?
   (A) A cheque which is lost or stolen
   (B)  A cheque which is more than three months old from the date of the cheque
   (C)  A cheque which is defaced/ mutilated
   (D)  A cheque from an account which is closed
   
   View answer

     Option (B) Explanation:A cheque which is more than three months old from the date of the cheque.
2. Which of the following is the most important component of the liabilities of commercial banks?
   (A) Time deposits
   (B) Demand deposits
   (C) Inter bank liabilities
   (D) Other borrowings
   
   View answer

     Option A.
   Explanation:Time Deposit.
3. Which of the following is not the function of Reserve Bank of India (RBI)?
   (A) Issue of bank notes
   (B) Banker to Government
   (C) To open saving bank account for general public
   (D) Custodian of cash reserves of Commercial Banks
   
   View answer

     Option (C)
   Explanation:To open saving bank account for general publi(C)
4. Next Eleven Countries period are ______ as identified by the Goldman Sachs investment bank ?
   (A) Least developed Countries
   (B) Developed Countries
   (C) No developed Countries
   (D) Developing Countries
   
   View answer

     Option (B)
   Explanation: Developed Countries.
5. Which banks have comfortably retained the top rank in terms of profits/employee, as per the data released by the Reserve Bank of India?
   (A) Public Sector banks
   (B) Private Sector Banks
   (C) Foreign Banks
   (D) Co-operative Banks
   
   View answer

     Option (C)
   Explanation:Foreign Banks.
6. Foreign currency which has a tendency of quick migration is called
   (A) Scarce Currency
   (B) Soft Currency
   (C) Hard Currency
   (D) Hot Currency
   
   View answer

     Option (D) Explanation:Hot Currency.
7. Which of the following is the short form of the organization which provides credit guarantee to exporters?
   (A) FICCI
   (B) ECGC
   (C) SEBI
   (D) SIDBI
   
   View answer

     Option (B)
   Explanation: ECG(C)
8. Which of the following rates is decided by the market conditions and not by RBI?
   (A) Bank rate
   (B) SLR
   (C) CRR
   (D) Inflation rate
   
   View answer

     Option (D)
   Explanation:Inflation Rate.
9. Banks are required to open ‘no frills’ account. What are these accounts?
   (A) Accounts with zero or very nominal balances
   (B) Accounts meant only for rural areas
   (C) Accounts in the name of more than one person
   (D) Accounts in which interest is not to be paid
   
   View answer

     Option A.
   Explanation: Accounts with zero or very nominal balances.
10. The only online account B2 is run by
    (A) Syndicate Bank
    (B) LIC
    (C) Corporation Bank
    (D) ICICI
    
    View answer

      Option (D)
    Explanation: ICICI.

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