Banking Awareness Quiz
1. Interest payable on savings bank accounts is ____
(a) not regulated by RBI
(b) regulated by Sate Governments
(c) regulated by Central Government
(d) regulated by RBI
(e) regulated by Finance minister
Ans-d
2. Fixed deposits and recurring deposits are _____
(a) repayable after an agreed period.
(b) repayable on demand.
(c) not repayable.
(d) repayable after death of depositors.
(e) repayable on demand or after an agreed period as per bank’s choice.
Ans- a
3. Accounts are allowed to be operated by cheques in respect of _____
(a) Both Savings bank accounts and fixed deposit accounts
(b) Savings bank accounts and current accounts
(c) Both Savings bank accounts and loan accounts.
(d) Both Savings bank accounts and cash accounts only.
(e) Both Current accounts and fixed deposit accounts
Ans- b
4. Mortgage is a _____
(a) security on movable property for a loan given by a bank.
(b) security on immovable property for a loan given by a bank.
(c) concession on immovable property for a loan given by a tank.
(d) facility on immovable property for a loan given by a bank.
(e) security on immovable property for a deposit received by a bank.
Ans-b
5. When a bank returns a cheque unpaid, it is called
(a) payment of the cheque
(b) drawing of the cheque
(c) cancelling of the cheque
(d) dishonor of the cheque
(e) taking of the cheque
Ans-d
6. Which of the following types of accounts are known as 'Demat Accounts"?
(a) Accounts which are Zero Balance Accounts
(b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
(c) Accounts in which shares of various companies are traded in electronic form
(d) Accounts which are operated through internet banking facility
(e) None of these
Ans- c
7. Distribution of insurance products and insurance policies by banks as corporate agents is known as _____
(a) General Insurance
(b) Non-life insurance
(c) Bancassurance
(d) Insurance banking
(e) Deposit insurance
Ans-c
8. Largest shareholder (in percentage shareholding) of a nationalized bank is _____
(a) RBI
(b) NABARD
(c) LICI
(d) Govt. of India
(e) IBA
Ans- d
9. Money deposited at a bank that cannot be withdrawn for a preset fixed period of time is known as a ______?
(a) Term deposit
(b) Checking Account
(c) Saving Bank Deposit
(d) No Frills Account
(e) Current Deposit
Ans- a
10. A worldwide financial messaging network which exchanges between banks and financial institution is known as _______?
(a) CHAPS
(b) SWIFT
(c) NEFT
(d) SFMS
(e) CHIPS
Ans- b
1. Interest payable on savings bank accounts is ____
(a) not regulated by RBI
(b) regulated by Sate Governments
(c) regulated by Central Government
(d) regulated by RBI
(e) regulated by Finance minister
Ans-d
2. Fixed deposits and recurring deposits are _____
(a) repayable after an agreed period.
(b) repayable on demand.
(c) not repayable.
(d) repayable after death of depositors.
(e) repayable on demand or after an agreed period as per bank’s choice.
Ans- a
3. Accounts are allowed to be operated by cheques in respect of _____
(a) Both Savings bank accounts and fixed deposit accounts
(b) Savings bank accounts and current accounts
(c) Both Savings bank accounts and loan accounts.
(d) Both Savings bank accounts and cash accounts only.
(e) Both Current accounts and fixed deposit accounts
Ans- b
4. Mortgage is a _____
(a) security on movable property for a loan given by a bank.
(b) security on immovable property for a loan given by a bank.
(c) concession on immovable property for a loan given by a tank.
(d) facility on immovable property for a loan given by a bank.
(e) security on immovable property for a deposit received by a bank.
Ans-b
5. When a bank returns a cheque unpaid, it is called
(a) payment of the cheque
(b) drawing of the cheque
(c) cancelling of the cheque
(d) dishonor of the cheque
(e) taking of the cheque
Ans-d
6. Which of the following types of accounts are known as 'Demat Accounts"?
(a) Accounts which are Zero Balance Accounts
(b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
(c) Accounts in which shares of various companies are traded in electronic form
(d) Accounts which are operated through internet banking facility
(e) None of these
Ans- c
7. Distribution of insurance products and insurance policies by banks as corporate agents is known as _____
(a) General Insurance
(b) Non-life insurance
(c) Bancassurance
(d) Insurance banking
(e) Deposit insurance
Ans-c
8. Largest shareholder (in percentage shareholding) of a nationalized bank is _____
(a) RBI
(b) NABARD
(c) LICI
(d) Govt. of India
(e) IBA
Ans- d
9. Money deposited at a bank that cannot be withdrawn for a preset fixed period of time is known as a ______?
(a) Term deposit
(b) Checking Account
(c) Saving Bank Deposit
(d) No Frills Account
(e) Current Deposit
Ans- a
10. A worldwide financial messaging network which exchanges between banks and financial institution is known as _______?
(a) CHAPS
(b) SWIFT
(c) NEFT
(d) SFMS
(e) CHIPS
Ans- b
Banking Awareness Quiz
1. Interest payable on savings bank accounts is ____
(a) not regulated by RBI
(b) regulated by Sate Governments
(c) regulated by Central Government
(d) regulated by RBI
(e) regulated by Finance minister
Ans-d
2. Fixed deposits and recurring deposits are _____
(a) repayable after an agreed period.
(b) repayable on demand.
(c) not repayable.
(d) repayable after death of depositors.
(e) repayable on demand or after an agreed period as per bank’s choice.
Ans- a
3. Accounts are allowed to be operated by cheques in respect of _____
(a) Both Savings bank accounts and fixed deposit accounts
(b) Savings bank accounts and current accounts
(c) Both Savings bank accounts and loan accounts.
(d) Both Savings bank accounts and cash accounts only.
(e) Both Current accounts and fixed deposit accounts
Ans- b
4. Mortgage is a _____
(a) security on movable property for a loan given by a bank.
(b) security on immovable property for a loan given by a bank.
(c) concession on immovable property for a loan given by a tank.
(d) facility on immovable property for a loan given by a bank.
(e) security on immovable property for a deposit received by a bank.
Ans-b
5. When a bank returns a cheque unpaid, it is called
(a) payment of the cheque
(b) drawing of the cheque
(c) cancelling of the cheque
(d) dishonor of the cheque
(e) taking of the cheque
Ans-d
6. Which of the following types of accounts are known as 'Demat Accounts"?
(a) Accounts which are Zero Balance Accounts
(b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
(c) Accounts in which shares of various companies are traded in electronic form
(d) Accounts which are operated through internet banking facility
(e) None of these
Ans- c
7. Distribution of insurance products and insurance policies by banks as corporate agents is known as _____
(a) General Insurance
(b) Non-life insurance
(c) Bancassurance
(d) Insurance banking
(e) Deposit insurance
Ans-c
8. Largest shareholder (in percentage shareholding) of a nationalized bank is _____
(a) RBI
(b) NABARD
(c) LICI
(d) Govt. of India
(e) IBA
Ans- d
9. Money deposited at a bank that cannot be withdrawn for a preset fixed period of time is known as a ______?
(a) Term deposit
(b) Checking Account
(c) Saving Bank Deposit
(d) No Frills Account
(e) Current Deposit
Ans- a
10. A worldwide financial messaging network which exchanges between banks and financial institution is known as _______?
(a) CHAPS
(b) SWIFT
(c) NEFT
(d) SFMS
(e) CHIPS
Ans- b
1. Interest payable on savings bank accounts is ____
(a) not regulated by RBI
(b) regulated by Sate Governments
(c) regulated by Central Government
(d) regulated by RBI
(e) regulated by Finance minister
Ans-d
2. Fixed deposits and recurring deposits are _____
(a) repayable after an agreed period.
(b) repayable on demand.
(c) not repayable.
(d) repayable after death of depositors.
(e) repayable on demand or after an agreed period as per bank’s choice.
Ans- a
3. Accounts are allowed to be operated by cheques in respect of _____
(a) Both Savings bank accounts and fixed deposit accounts
(b) Savings bank accounts and current accounts
(c) Both Savings bank accounts and loan accounts.
(d) Both Savings bank accounts and cash accounts only.
(e) Both Current accounts and fixed deposit accounts
Ans- b
4. Mortgage is a _____
(a) security on movable property for a loan given by a bank.
(b) security on immovable property for a loan given by a bank.
(c) concession on immovable property for a loan given by a tank.
(d) facility on immovable property for a loan given by a bank.
(e) security on immovable property for a deposit received by a bank.
Ans-b
5. When a bank returns a cheque unpaid, it is called
(a) payment of the cheque
(b) drawing of the cheque
(c) cancelling of the cheque
(d) dishonor of the cheque
(e) taking of the cheque
Ans-d
6. Which of the following types of accounts are known as 'Demat Accounts"?
(a) Accounts which are Zero Balance Accounts
(b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there
(c) Accounts in which shares of various companies are traded in electronic form
(d) Accounts which are operated through internet banking facility
(e) None of these
Ans- c
7. Distribution of insurance products and insurance policies by banks as corporate agents is known as _____
(a) General Insurance
(b) Non-life insurance
(c) Bancassurance
(d) Insurance banking
(e) Deposit insurance
Ans-c
8. Largest shareholder (in percentage shareholding) of a nationalized bank is _____
(a) RBI
(b) NABARD
(c) LICI
(d) Govt. of India
(e) IBA
Ans- d
9. Money deposited at a bank that cannot be withdrawn for a preset fixed period of time is known as a ______?
(a) Term deposit
(b) Checking Account
(c) Saving Bank Deposit
(d) No Frills Account
(e) Current Deposit
Ans- a
10. A worldwide financial messaging network which exchanges between banks and financial institution is known as _______?
(a) CHAPS
(b) SWIFT
(c) NEFT
(d) SFMS
(e) CHIPS
Ans- b
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