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Banking and Finance Quiz for UIIC AO

1. Which of the following card product launched by the banks is working on the principle of Buy Now Pay Later?
1. ATM card
2. Debit card
3. Charge Card
4. Credit card
Ans-4


2. Which of the following organisation provides credit history of the borrowers?
1. CIBIL
2. SEBI
3. RBI
4. IBA
Ans-1

3. What is the Full form of NSE the term we see very frequently in newspaper?
1. New service exchange
2. New stock evauation
3. National stock exchange
4. National service emporium
Ans-3

4. The term Deficit Financing means the government borrows money from the....?
1. IMF
2. Local bodies
3. RBI
4. large corporates
Ans-3

5. Excise duty is the tax levied on which of the following?
1. Production of goods
2. purchase of goods
3. export of goods
4. sale of goods
Ans-1

6. Upper limit prescribed for RTGS transactions is ?
1. Rs 1 lakh
2. Rs 2 lkah
3. Rs 5 lakh
4. No upper limit is prescribed
Ans-4

7. When a bank returns a cheque unpaid, it is called...?
1. payment of cheque
2. dishonour of cheque
3. cancelling of cheque
4. taking of cheque
Ans-2

8. Which of the following is not a negotiable instrument?
1. Cheque
2. Fixed deposit reciept
3. promissory note
4. Bill of exchange
Ans-2

9. In economic terms. the total market value of all final goods and services produced in a country in a given year is known as .....?
1. GNI
2. GDP
3. Inflation
4. PPP
Ans-2

10. Special Drawing Rights are the rights of countries provided by....?
1. World Bank
2. IMF
3. ADB
4. Federal reserves
Ans-2

1. Which of the following card product launched by the banks is working on the principle of Buy Now Pay Later?
1. ATM card
2. Debit card
3. Charge Card
4. Credit card
Ans-4


2. Which of the following organisation provides credit history of the borrowers?
1. CIBIL
2. SEBI
3. RBI
4. IBA
Ans-1

3. What is the Full form of NSE the term we see very frequently in newspaper?
1. New service exchange
2. New stock evauation
3. National stock exchange
4. National service emporium
Ans-3

4. The term Deficit Financing means the government borrows money from the....?
1. IMF
2. Local bodies
3. RBI
4. large corporates
Ans-3

5. Excise duty is the tax levied on which of the following?
1. Production of goods
2. purchase of goods
3. export of goods
4. sale of goods
Ans-1

6. Upper limit prescribed for RTGS transactions is ?
1. Rs 1 lakh
2. Rs 2 lkah
3. Rs 5 lakh
4. No upper limit is prescribed
Ans-4

7. When a bank returns a cheque unpaid, it is called...?
1. payment of cheque
2. dishonour of cheque
3. cancelling of cheque
4. taking of cheque
Ans-2

8. Which of the following is not a negotiable instrument?
1. Cheque
2. Fixed deposit reciept
3. promissory note
4. Bill of exchange
Ans-2

9. In economic terms. the total market value of all final goods and services produced in a country in a given year is known as .....?
1. GNI
2. GDP
3. Inflation
4. PPP
Ans-2

10. Special Drawing Rights are the rights of countries provided by....?
1. World Bank
2. IMF
3. ADB
4. Federal reserves
Ans-2

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