Banking Awareness Quiz Set 6

In this article, we have added the Banking Awareness Quiz with Questions and Answers with an explanation. So candidates can test their capability in the Banking Awareness Quiz by practicing the given below Questions thoroughly.

Banking Awareness Quiz Set 6

1. The Headquarters of Capital Local Area & Bank is situated in _______

 A. Amritstar, Punjab

 B. Ludhiana, Punjab

 C. Bathinda, Punjab

 D. Jalandhar, Punjab

2. Which of the following is the Headquarters of City Union Bank?

 A. Kanchipuram

 B. Cuddalore

 C. Dindigul

 D. Kumbakonam

3. The Headquarters of Kotak Mahindra Bank is located in _______

 A. Mumbai

 B. Hyderabad

 C. Chennai

 D. Bangalore

4. RBS Bank has been headquartered in __________

 A. Glasgow, United Kingdom

 B. Edinburgh, United Kingdom

 C. Skye, United Kingdom

 D. Aberdeen, United Kingdom

5. Which of the following is the Headquarters of Axis Bank?

 A. Mumbai

 B. Hyderabad

 C. Chennai

 D. Bangalore

6. DBS Bank has been headquartered in __________

 A. United Kingdom

 B. Spain

 C. Singapore

 D. South Africa

7. Which of the following is the Headquarters of Yes Bank?

 A. Noida

 B. Hyderabad

 C. Chennai

 D. Mumbai

8. The Headquarters of Islamic Development Bank is _____

 A. Sohar, Oman

 B. Kuala Lumpur, Malaysia

 C. Jeddah, Saudi Arabia

 D. Baghdad, Iraq

9. Which of the following is the Headquarters of IndusInd Bank?

 A. Noida

 B. Hyderabad

 C. Chennai

 D. Mumbai

10. Caixa Bank has been headquartered in __________

 A. United Kingdom

 B. Spain

 C. Singapore

 D. South Africa

11. An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated?

 A. Negotiable Instrument Act 1881

 B. Criminal Procedure Code

 C. Payment and Settlement Systems Act 2007

 D. Indian Companies Act 1956

12. A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as _________

 A. SWIFT

 B. Basel

 C. RTGS

 D. NEFT

13. In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any
other transaction?

 A. RTGS

 B. NEFT

 C. TT

 D. EFT

14. When there is a difference between all receipts and expenditure of the Govt. of India, both capital and revenue it is called _______

 A. Income Deficit

 B. Fiscal Deficit

 C. Budgetary Deficit

 D. None of the Above

15. With reference to a cheque which of the following is the ‘drawee bank'?

 A. The bank that collects the cheque

 B. The payee’s bank

 C. The endorser’s bank

 D. The bank upon which the cheque is drawn

16. Which of the following is not a ‘Money Market Instrument’?

 A. Treasury Bills

 B. Commercial Paper

 C. Certificate of Deposit

 D. Equity Shares

17. Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement
known in banking context?

 A. Line of Credit

 B. Loan to Client

 C. Loan on Credit

 D. Letter of Credit

18. Fixed Deposits and Recurring Deposits are _________

 A. repayable after an agreed period.

 B. repayable on demand.

 C. not repayable.

 D. repayable on demand or after an agreed period as per bank’s choice.

19. When a Bank provides a loan for purchase of white goods, it is categorised as _____________

 A. Consumption loan

 B. White Goods loan

 C. Consumer Durable loan

 D. Working Capital

20. What is the fullform of ‘FSDC’ which is used in financial sectors?

 A. Financial Security and Development Council

 B. Financial Stability and Development Council

 C. Fiscal Security and Development Council

 D. Fiscal Stability and Development Council

21. Cash kept in the currency chest is owned by?

 A. Currency Chest branch bank

 B. State Bank of India

 C. Central Government

 D. Reserve Bank of India

22. When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known
as___________

 A. Consortium

 B. Syndication

 C. Multiple Banking

 D. Participation

23. What is the maximum period for which a term deposit can be normally opened?

 A. 8 years

 B. 7 years

 C. 9 years

 D. 10 years

24. What is the minimum amount of deposit into/withdrawal from currency chest?

 A. Rs.1,00,000

 B. Rs.1,50,000

 C. Rs.2,00,000

 D. Rs.3,00,000

25. _________ are safer than Post Office Schemes as that are covered by the Deposit Insurance and Credit Guarantee Corporation(DICGC)

 A. Fixed Deposit

 B. Demand Deposit

 C. Flexi-Fixed Deposit

 D. All of the Above

26. DICGC guarantees amount up to _____________ per depositor per bank.

 A. Rs.1,00,000

 B. Rs.1,50,000

 C. Rs.2,00,000

 D. Rs.3,00,000

27. What is the full form of FATCA?

 A. Forex Account Tax Compliance Act

 B. Foreign Account Tax Compliance Act

 C. Forex Account Total Compliance Act

 D. Foreign Account Total Compliance Act

28. What is the minimum initial deposit required for opening a Basic Savings Bank Deposit Account(BSBDA)?

 A. 500

 B. 1000

 C. 100

 D. No initial deposit

29. Which of the following institutions do not hold a banking license?

 A. Small Banks

 B. Foreign Banks

 C. Commercial Banks

 D. NBFCs

30. Who among the following decides the volume and value of banknotes to be printed in India?

 A. RBI

 B. SBI

 C. Security Printing and Minting Corporation of India

 D. All of the Above

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