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.
- ______________is the distribution of insurance products and the insurance policies of insurance companies by banks as corporate agents through their branches
A) Insurance
B) Cross Selling
C) Mutual Funds
D) Bancassurance
- ________is the rate of interest on which banks base their lending rates. Usually loans are given at a rate higher than the this rate and saving rate is below the this rate
A) Base Rate
B) Repo Rate
C) Bank Rate
D) Reverse Repo rate
- ______________ is an account that can be opened generally for business purposes with no restrictions on withdrawals and no interest paid
A) Current Account
B) Savings Account
C) Fixed Deposit Account
D) Demat Account
- What is the purpose of SIDBI?
A) To provide short term lending to industries
B) To provide refinance facilities
C) To develop MSME sector
D) All of the above
- ____________is the amount of funds that a bank keeps with the Reserve Bank of India
A) Cash Reserve Ratio
B) Repo Rate
C) Reverse Repo Rate
D) Base Rate
- _________is a loan that is made for a very short period of a few days only with a low rate of interest
A) Commodity Money
B) Plastic Money
C) Notice Money
D) Call Money
- ________________are loans given by a bank on which repayments or interest payments are not being made on time
A) Bad Assets
B) Return Assets
C) Non Performing Assets
D) Good Performing Assets
- ___________ is the amount of Funds borrowed by the government to meet the expenditures.
A) Capital Deficit
B) Fiscal Deficit
C) Current Account Deficit
D) Current Loan
- In EPL, “L” stands for _________
A) Level
B) Liability
C) Letter
D) Limited
- UNL stands for _____________
A) Ultimate Net Loss
B) Universal Net Loss
C) Uninsured Net Loss
D) Unexpected Net Loss