Banking Awareness Quiz – Set 86 – Miscellaneous

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.  The set will be beneficial for the Banking and financial awareness section of LIC AAO. So attempt all the sets now.

Banking Awareness Questions

1. Name the committee formed to study the feasibility of implementation of GIRO based payment systems in India
   A) Kelkar Committee
   B) Padmanabhan Committee
   C) Malegam Committee
   D) Rangarajan Committeee
   
   View answer

   Option B
   
2. Which is the first Indian Bank to get ISO certification?
   A) Bank of Maharashtra
   B) Bank of India
   C) State Bank of India
   D) Canara Bank
   
   View answer

   Option D
   
3.  The ATMs installed in a public place other than the premises of the owning bank is known as________
   A) Offsite ATMs
   B) Brown Label ATMs
   C) Onsite ATMs
   D) White label Atms
   
   View answer

   Option A
   Explanation: These are the machines that are set up on a standalone basis. This means that the bank has a place where there is only an ATM machine then this becomes an off site ATM. This is done to ensure that the bank reaches out to more geographical areas and that people are able to use its services even when there is no bank branch in the area
4. The term M3 is used to denote______
   A) Narrow Money
   B) Broad Money
   C) Dear Money
   D) Credit Money
   
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   Option B
   
5. Suppose Bank A and Bank B gets combined into a single bank such that Bank A survives while Bank B loses its corporate identity, then this is called as____________
   A) Acquisition
   B) Alliance
   C) Merger
   D) Consolidation
   
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   Option C
   
6. A bond issued with the provision that the investor can replace the bond with equity at a fixed price is called as__________
   A) Convertible bond
   B) Preference bond
   C) Zero Coupon bond
   D) Coupon bond
   
   View answer

   Option A
   
7. The Collateral security and margin in agricultural loan is exempted upto Rs________
   A) Rs 1 lakh
   B) Rs 75,000
   C) Rs 50,000
   D) Rs 1.6 lakh
   
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   Option D
   
8. The Cheque truncation can be done by using:
   A) Imaging processing
   B) MICR data
   C) Advance processing technology
   D) All the above
   
   View answer

   Option A
   Explanation: For truncating the flow of a cheque, we need full image of the cheque. MICR becomes a part of the cheque image, hence only image is sufficient for cheque truncation.
9. The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act was enforced in which year?
   A) 2002
   B) 1999
   C) 2005
   D) 2007
   
   View answer

   Option A
   
10. Copyrights, trademarks, goodwill and patents are example of________
    A) Tangible assets
    B) Gilt fund
    C) Intangible assets
    D) Real time assets
    
    View answer

    Option C
    

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