Banking Awareness Quiz Set 45

Candidates can check out the Questions and Answers for Banking Awareness on this page. We uploaded the Banking Awareness Questions in the form of Quiz. Answer the Questions and then you can check the correct answer along with an accurate explanation.

Banking Awareness Quiz Set 45

1. An account is considered inactive or unclaimed when there is no transaction through it for more than _____
 
 
 
 

2. An Agreement to exchange one currency with another, at a specific rate of exchange is known as _____
 
 
 
 

3. Which of the following is an instrument used in India to facilitate the access to foreign money by Indian corporations and PSUs?
 
 
 
 

4. Which of the following defines “Promissory Notes”?
 
 
 
 

5. An account is considered dormant when there is no transaction through it for more than _____
 
 
 
 

6. The term “Bill of exchange” is defined under _____
 
 
 
 

7. The ____ of Banking Regulation Act, 1949 deals with “Reserve Fund”
 
 
 
 

8. Which of the following section of Banking Regulation Act, 1949 deals with “Cash Reserve”?
 
 
 
 

9. The term “Cheque” is defined under _____
 
 
 
 

10. Which of the following section of Banking Regulation Act, 1949 deals with licensing of banking companies?
 
 
 
 
 

11. In ‘Small Accounts’ balance in such accounts at any point of time should not exceed ________
 
 
 
 

12. In ‘Small Accounts’ total withdrawal and transfers in a month should not exceed ______
 
 
 
 

13. A transfer of money from a migrant worker to their families or other individuals in their home countries is known as _________
 
 
 
 

14. In ‘Small Accounts’ total credits in one year should not exceed ________
 
 
 
 

15. The process of remitting foreign money to a country is called ______
 
 
 
 

16. Industrial Finance Corporation of India, is an Indian government owned ______
 
 
 
 

17. Which of the following is the type of industrial finance?
 
 
 
 

18. Which of the following was the first development finance institution established by the Indian government after independence?
 
 
 
 

19. Short-term industrial finance refers to the funds required for a period of less than ________
 
 
 
 

20. Medium-term industrial finance refers to the funds required for a period of one year to ________
 
 
 
 
 

21. Which of the following refers to financial services conducted among banks and financial services companies?
 
 
 
 

22. Which of the following is a specific division of banking related to the creation of capital for other companies, governments and other entities?
 
 
 
 

23. Which of the following is the provision of services by a bank to individual consumers, rather than to companies, corporations or other banks?
 
 
 
 

24. Which of the following is included in Wholesale Banking?
 
 
 
 
 

25. Which of the following is known as “Retail banking”?
 
 
 
 

26. Banks located in jurisdictions with low taxation and regulation is known as _____
 
 
 
 

27. Which of the following provides capital to companies in the form of share ownership instead of loans?
 
 
 
 

28. Banks that provide financial services and credit to underserved markets or populations is known as?
 
 
 
 

29. Which of the following service is included in Retail Banking?
 
 
 
 
 

30. Which of the following is a type of banking that provides services such as accepting deposits, making business loans, and offering basic investment products?
 
 
 
 


 

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