Banking Awareness Quiz Set 1

Dear Contenders Welcome to the Banking Awareness Quiz in In this page, we had given the Questions and Answers along with an explanation. So candidates can practice these questions for best output in all competitive exams.

Banking Awareness Quiz Set 1

1. The rules framed in the Clayton’s case have been incorporated in _________

2. Banks are required to maintain SLR under_____

3. The Definition of ‘Banking’ is given in _______

4. Which of the following was/were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993?

5. A Shareholder has been defined by ________

6. Which of the following is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934?

7. Spurious coins detected at the counter are sent to _____

8. Minimum period of reinvestment deposits is _______

9. On a Cheque instead of two parallel lines only bank’s name is written is known as _________

10. What is the minimum limit in reinvestment deposits?

11. Which of the following is/are correct about the “Operational Risk” as used in the field of banking?

12. When a corporate entity wishes to raise money from the market it can do that by issuing

13. What is/are the characteristics of ‘Hot Money’?

14. When an agent asks a customer to invest in a Mutual Fund product without telling him/her about the risks involved in the investment, the process is termed as ______

15. Sub-prime lending refers to ________

16. In the Capital market, the term arbitrage is used with reference to ______

17. Currency Swap is an instrument to manage _______

18. Trade Gap means

19. Head quarters of National Council of Applied Economic Research(NCAER) is located in ______

20. Which of the following agencies in India is responsible for computation of national income?

21. Which of the following is the most active segment of the money market in India?

22. SEPA Stands for ______

23. The paid up capital and collected funds of scheduled bank must not be less than _________

24. Co-operative banks are regulated by the Reserve Bank of India under _________

25. The paid-up capital of non-scheduled bank is less than _____

26. All banks registered under the ___________ are considered co-operative banks.

27. A negotiable instrument delivered to a person conditionally or for safe custody, but not for the purpose of negotiation is called _________

28. _______ refers to the system in which two are more banks are brought under common control by a device other than the holding company?

29. __________ is the process by which the ownership of the credit instrument is transferred from one person to another.

30. A charge where there is neither the transfer of ownership nor the possession is called _______



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