BANKING QUIZ -29 For IBSP & SBI Bank Exam
1 Euro money is the official currency of –
NATO
European Union
UN
Germany and England
None of these
2 When RBI increases the CRR then what actions are the banks required to take?
Banks are required to increase their lending to the priority sector
They have to deposit additional money with RBI as reserve money
Banks also increase their lending and deposit rates
All the above
None of these
Ans. Banks are required to increase their lending to the priority sector
3 What concept is applied in banking industry such that almost all banks in India are providing special schemes for providing banking services to the rural poor?
Financial inclusion
Investment banking
Priority sector loaning
Trade finance
None of these
Ans. Priority sector loaning
4. The European Central Bank is headquarter located at_________
London, UK
Rome, Italy
Madrid, Spain
Paris, France
None of these
Ans. None of these
5 Fiscal deficit is calculated as_________.
Total expenditure less total receipts excluding borrowing
Total payments less total receipts
Total payments less capital receipts
Total income less Govt. borrowing
None of these
Ans. Total expenditure less total receipts excluding borrowing
6 . Currency Swap is an instrument to manage?
Currency risk
Cash flows in different currency
Currency and interest rate risk
Interest rate risk
None of these
Ans Currency and interest rate risk
7. Euro Bond can be defined as______.
Issued in the European market
A bond denominated in a currency not native to the issuer's home country
Issued in Euro currency
All of the above
None of these
Ans. A bond denominated in a currency not native to the issuer's home country
8. Name an Indian bank launched next generation features on its app ‘iMobile’ which will enable customers to instantly pay taxes and book railway tickets within the app?
Federal Bank
Punjab National Bank
Kotak Mahindra Bank
Bandhan Bank
ICICI Bank
Ans. ICICI Bank
9. Deposits which can be withdrawn by a customer without notice is called ________
Time Deposits
Variable Deposits
Demand Deposits
Low cost Deposits
None of these
Ans. Demand Deposits
10 . IDFC bank is a_______..
Private bank
Payment bank
Development bank
RRB
None of these
Ans. Development bank
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