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.
- PAN number is required for all transaction above :
A) Rs. 25,000
B) Rs. 50,000
C) Rs. 1 lac
D) Rs. 10 lacs
- The government has stipulated that quoting permanent Account number is mandatory for :
A) Current accounts
B) Demat Accounts
C) Terms Deposits
D) Sa”ings bank
- Which is not a function of Money?
A) Store of a Value
B) Transfer of a Value
C) Value Measurement
D) Price Stabilisation
- Hundi ” is a:
A) Draft
B) cheque
C) Bill of Exchange
D) Promissory Note
- Islamic Banking ” is a term used for :
A) interest free deposits , investment
B) covering Banking of Muslims
C) covering Islamic nations
D) none of the above
- If a firm is operating at loss in the short period in perfect combination, it should
A) Increase the Production and the Price
B) Decrease the Production and the Price
C) Shut down and Leave the Industry
D) Continue to Operate as long as it covers even the Variable Cost
- Which one of the following represents the Saving of the Private Corporate Sector?
A) Dividends paid to Shareholder
B) Undistributed Profit
C) Total Profits of Company
D) Excess of Income over Expenditure
- Banking Industry has been declared as public utility service for purpose of ;
A) Negotiable Instruments Act, 1881
B) Reserve Bank of India Act, 1934
C) Banking Regulation Act, 1949
D) Industrial Disputes Act
- The Demand for Labour is called?
A) Market Demand
B) Direct Demand
C) Factory Demand
D) Derived Demand
- Forced Savings refer to
A) Reduction of Consumption consequent to a rise in Price
B) Taxes on Individual Income and Wealth
C) Compulsory Deposit imposed on Income Tax Payers
D) Provident Fund Contribution of private sector employees