Banking Awareness Quiz

1. Finance Ministry has asked the Reserve Bank ot India to allow common ATM's that will be owned and managed by non-banking entities hoping to cut transaction costs for banks. Such ATM's are known as—
1. Black Label ATM's   
2. off site ATM's   
3 on site ATM's or red ATM's
4. third party ATM's   
5 white label ATM's
Ans-5

2. The term 'Smart Money' refers to   
1 Foreign CURRENCY    
2 Internet Banking   
3 US Dollars
4 Travelers'cheques   
5 Credit Cards
Ans-5

3. What is the maximum deposit amount insured by DICGC ?
1  2,00,000 per depositor per bank   
2  2,00,000 per depositor across all banks
3  1,00,000 per depositor per bank   
4  1,00,000 per depositor across all banks
5  None of these
Ans-4

4. With reference to a cheque which ol the following is the 'drawee bank' ?
1 The bank that collects the cheque   
2 The payee's bank
3 The endorsee's bank   
4 The endorser's bank
(5) The bank upon which the cheque is drawn
Ans-5

5. Which of the following is the example of near money?
1. Small coins of 50 paisa
2. Fait money
3. Bank draft
4. Treasury Bills
5. None of these
Ans-4

6. Treasury Bills are sold by-?
1. SEBI
2. State Government
3. RBI
4. Commercial Banks
5. None of these
Ans-3

 7. An instrument of qualitative credit control in India is..........?
1. Open market operation
2. Repo rate policy
3. Credit rationing
4. Bank rate policy
5. None of these
Ans-3

8. What is the base year for WPI(Whole Sale Price Index) ?
1. 2004-05
2. 2003-04
3. 2002-03
4. 2005-06
5. None of these
Ans-1

9. Open Market operation is a part of .........?
1. Income Policy
2. Fiscal Policy
3. Credit Policy
4. Labour Policy
5. None of These
Ans-3

10. RBI increases Repo Rate to control which economic situation of economy?
1. Deflation
2. Inflation
3. Recession
4. Stagflation
5. None of these
Ans- 2

1. Finance Ministry has asked the Reserve Bank ot India to allow common ATM's that will be owned and managed by non-banking entities hoping to cut transaction costs for banks. Such ATM's are known as—
1. Black Label ATM's   
2. off site ATM's   
3 on site ATM's or red ATM's
4. third party ATM's   
5 white label ATM's
Ans-5

2. The term 'Smart Money' refers to   
1 Foreign CURRENCY    
2 Internet Banking   
3 US Dollars
4 Travelers'cheques   
5 Credit Cards
Ans-5

3. What is the maximum deposit amount insured by DICGC ?
1  2,00,000 per depositor per bank   
2  2,00,000 per depositor across all banks
3  1,00,000 per depositor per bank   
4  1,00,000 per depositor across all banks
5  None of these
Ans-4

4. With reference to a cheque which ol the following is the 'drawee bank' ?
1 The bank that collects the cheque   
2 The payee's bank
3 The endorsee's bank   
4 The endorser's bank
(5) The bank upon which the cheque is drawn
Ans-5

5. Which of the following is the example of near money?
1. Small coins of 50 paisa
2. Fait money
3. Bank draft
4. Treasury Bills
5. None of these
Ans-4

6. Treasury Bills are sold by-?
1. SEBI
2. State Government
3. RBI
4. Commercial Banks
5. None of these
Ans-3

 7. An instrument of qualitative credit control in India is..........?
1. Open market operation
2. Repo rate policy
3. Credit rationing
4. Bank rate policy
5. None of these
Ans-3

8. What is the base year for WPI(Whole Sale Price Index) ?
1. 2004-05
2. 2003-04
3. 2002-03
4. 2005-06
5. None of these
Ans-1

9. Open Market operation is a part of .........?
1. Income Policy
2. Fiscal Policy
3. Credit Policy
4. Labour Policy
5. None of These
Ans-3

10. RBI increases Repo Rate to control which economic situation of economy?
1. Deflation
2. Inflation
3. Recession
4. Stagflation
5. None of these
Ans- 2